Protecting and Capitalizing on Innovations for Small to Medium Enterprises (SMEs)
SMEs are often more creative and agile in developing new technologies and products than established companies, but lack the business infrastructure to commercialize globally. Large companies recognize that SME tech companies often have worthwhile technologies and products and are more open to acquisition and in-licensing. As a result, global innovation networks are becoming a new model for commercializing new technologies. Hawaii has pre-eminent areas of resource richness (such as agritech, alternative energy, defense dual use technologies, biodiversity, and marine and ocean resources) and can be on the forefront of innovation in these areas. SMEs can secure intellectual property rights in their innovations, then license to or partner with established companies to commercialize these innovations globally.
Protecting and Capitalizing on Innovations for Small to Medium Enterprises (SMEs)
SMEs are often more creative and agile in developing new technologies and products than established companies, but lack the business infrastructure to commercialize globally. Large companies recognize that SME tech companies often have worthwhile technologies and products and are more open to acquisition and in-licensing. As a result, global innovation networks are becoming a new model for commercializing new technologies. Hawaii has pre-eminent areas of resource richness (such as agritech, alternative energy, defense dual use technologies, biodiversity, and marine and ocean resources) and can be on the forefront of innovation in these areas. SMEs can secure intellectual property rights in their innovations, then license to or partner with established companies to commercialize these innovations globally.
Participant: (PPT Presentation)
Leighton K. Chong
IP & Patent Attorney
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