Patent Lather
When you create a product with broad commercial potential, be sure to protect your interests by patenting the products in a way that keeps the competition at bay.
By Don Debelak
While a student at Massachusetts Institute of Technology in
Cambridge, 22-year-old Ronald Demon created the technology behind
the ThinkShoe, high-tech footwear that adjusts its cushioning to
the wearer's activity. If you're playing basketball, for
instance, air pressure will push fluid into the cushion to provide
extra comfort. "Everybody started calling me when the news of
my invention first came out in the media," says Demon. "I
was approached by Nike, Adidas and Reebok, among others, to see if
I was interested in licensing my technology." Demon, however, has different ideas-he's decided to
introduce the product himself. At press time, the product, named
Raven, was scheduled for a 13-city test run this summer. Demon
believes the initial success will expedite the final licensing
agreements and help him negotiate a better royalty rate. Essentially, Demon's long-term success depends on his
patent, which will prevent competitors from snagging his idea. His
original patent offers broad protection, he says, but he's
filing additional patents to broaden the claims even further. Any
time you have an invention like Demon's with broad commercial
potential, you'll want to follow his lead and try to patent the
product in a way that keeps the competition at bay. That's
easier said than done, especially on a product like Demon's,
where similar products-like Reebok's air pump sole-are already
on the market. But it can still be done, as long as you're
willing to go the extra mile to cover every design variation.
Content Continues Below
Don Debelak (dondebelak@uswest.net) is a
new-business marketing consultant who has been introducing new
products for more than 20 years. He is the author of Bringing Your
Product to Market (John Wiley & Sons, $19.95,
800-225-5945).
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