IP & the commercialisation process (IP) – Quiz

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Question 1 of 4

1. Question
Q1. Can several different types of IP be used to protect a single product?
- a. No, each different product will only have one aspect that can be IP protected
- b. Possibly, there are occasions when a product could be protected by two or more forms of IP protection
- c. Yes, almost all products will have several aspects that can be IP protected.
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Question 2 of 4

2. Question
Q2. Is IP created only at the beginning of the commercialisation process?
- a. Yes, the initial product idea or invention is the basis for a company’s IP
- b. No, a company may develop a series of products over time and each one may involve creation of new IP
- c. No, IP will be continuously created throughout the entire commercialisation process.
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Question 3 of 4

3. Question
Q3. Is third party IP important when considering how to commercialise your own IP?
- a. No, a business is about how to monetise your own IP
- b. Yes, it is important to do freedom-to-operate searches, i.e., checking whether your intended business may infringe any third-party IP.
- c. No, because by definition my IP will be unique; meaning I will have the sole right to commercialise it.
- d. Yes, because I may identify potential infringers of my IP
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Question 4 of 4

4. Question
Q4. That is a typical cost from filing a patent application to getting granted patents with a reasonable geographical coverage, e.g. a US patent, patents in 5 European countries and plus 1 or 2 other territories?
- a. Less than £10 k
- b. More than £100 k
- c. About £50 k
- d. Less than £5 k
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IP & the commercialisation process (IP) – Quiz

IP & the commercialisation process (IP) – Quiz

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