Digital & Smart Device Inventions
We are living in an age where we are surrounded by products originated from smartphones, IoT, and other technology-driven products and processes. IoT has made lives more comfortable because of their functionalities, ease of usage and diversity of applications. Protecting IoT-based products and technology-based goods and services can be complex but not impossible. This needs a proper understanding of software as well as hardware and legal requirements of patentability.
After that, also you must have a foolproof IP strategy and IP asset management in the later stages to restrain potential infringers. You have many benefits of maintaining a good portfolio, for instance, licensing or assigning patents for IoT & CAD offers profitable streams of income. A strong IP asset portfolio leads to tremendous profits and sooner or later it's all going to explode in the market because everybody is eyeing on advancing in this area by exploring opportunities to get a competitive edge through innovations (e.g. patent race for 5G). As IoT or CAD needs real intellectual effort to generate an idea and then execute it into the product, they are most suitable to create and protect IP Assets.
Commercial Monetization
We at Excelon IP respect such IP creators and help them to create, protect, defend as well as commercialize their inventions and encourage them to keep doing research for the betterment of society. We understand the byte computer and codes of software, and know that it's not just an algorithm but a whole new system.
Client Challenge
Home Automation Patentability Assessment
Industry: Software Development Company
The client was developing a home automation device equipped with unique, innovative functions. However, because their work combined custom hardware components with firmware and cloud software algorithms, they were unsure of what could be protected and sought advice on protecting their IPR.
Excelon IP Solution
Excelon IP attended a live product demo and analyzed the system flow. We:
- Drafted a comprehensive IP strategy report mapping the product's assets.
- Advised filing a **utility patent** for the unique hardware-software control loops.
- Recommended registering **industrial designs** for the casing aesthetics and filing **trademarks** for the new brand.
Business Impact & Benefits
Defensive IP Portfolios & Overseas Licensing Deals
The client acted on our advice, submitting filings for their Trademark, Patent, and Design. Equipped with a strong defensive patent-pending status, the company entered market pitches with high credibility and successfully signed multiple commercial contracts and licensing deals with overseas clients.