Marrying Deeptech with IP Strategy
A conversation with Andrea Sommer
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Iconic investors like Warren Buffett always emphasize the importance of an economic moat for companies to qualify as an investment for Berkshire Hathaway.
What is an economic moat?
The term economic moat, popularized by Warren Buffett, refers to a business' ability to maintain competitive advantages over its competitors in order to protect its long-term profits and market share from competing firms. Just like a medieval castle, the moat serves to protect those inside the fortress and their riches from outsiders.
One of the best economic moats protect by the legal framework are
Patents
Every scientific entrepreneur working with their team on a novel innovative idea that will change the entire world in the future for the better can protect their innovation with a patent.
Such a patent keeps the competition from duplicating the idea for a specific time.
This mechanism sounds excellent in principle, and yet, putting it into practice is sometimes very tricky.
What are the basics of a patent process?
How does that interact with the companies strategy?
Are we protecting any invention or being more selective?
Those are just a few questions around the topics of patents and IP Strategy that every deeptech entrepreneur needs to ask themselves once in a while.
That’s why I asked Dr. Andrea Sommer to sit down with me for a few hours to shine a light on these topics.
Ad Personam - Dr. Andrea Sommer
DR. ANDREA SOMMER, patentaffairs.com debuted in the field of Intellectual Property in 2001. Thanks to her interdisciplinary studies and industry experience in R&D she can advise and represent her clients in all areas of patent, utility model, trademark and design law, employee’s invention law as well as plant varieties.
She advises and represents her clients before the German, Austrian, and the European Patent Office with a tailor-made strategy depending on the client’s needs and budget due to her interdisciplinary studies and industry experience in R&D. In patent litigation proceedings she regularly cooperates with specialized attorneys at law before the competent courts.
Her core competence is focused on advising clients in prosecution, opposition, and appeal proceedings as well as nullity of protective rights before the respective patent offices, the Federal Patent Court, and the Court of Justice (patent nullity proceedings) in national, European, and international trademark, design and plant variety rights, validity and infringement opinions with respect to intellectual property rights as well as due diligence.
With her international network, she is able to find a fast, competent, and efficient solution/strategy for each issue. For many years she has been a lecturer and speaker on various topics of intellectual property. Because of her ongoing studies of the latest case law, jurisprudence, and jurisdiction as well as various techniques, her clients’ benefit is excellence.
Do you want to learn more about the IP Strategy and Patents?
Then join our conversation:
Noteworthy Articles:
What Is an Economic Moat? The term economic moat, popularized by Warren Buffett, refers to a business' ability to maintain competitive advantages over its competitors in order to protect its long-term profits and market share from competing firms. Just like a medieval castle, the moat serves to protect those inside the fortress and their riches from outsiders. Read more…
WHAT IS DEEP TECH? Think Deep Tech as the PhD holders’ startup club where these scientists and engineers with PhDs and advanced degrees are solving large problems facing the world such as global warming, fighting cancers and traffic congestion. Read more…
IP at the heart of new innovation strategy The UK government’s innovation strategy sets out how the UK aims to be a global leader in innovation and a strong intellectual property system will be key to make that happen. Read more…
LISTEN TO THIS EPISODE OF THE LSG2G PODCAST HERE
This episode will discuss what it takes to build companies that develop novel therapies, vaccines, and diagnostics in the pharma industry.
Since the pandemic, everybody got familiar with the key elements of pharma product development.
But let’s take a closer look into the value chain of the industry.
What does it really take to pick up a technology and bring it to patients?
Questions we will discuss:
Some questions we will focus on:
What strategic approaches do exist for life science companies?
How important is the team in developing a company to an IPO?
Where can scientists find help when they want to start a company? This episode will discuss what it takes to build companies that develop novel therapies, vaccines, and diagnostics in the pharma industry.
Since the pandemic, everybody got familiar with the key elements of pharma product development.
But let’s take a closer look into the value chain of the industry.
What does it really take to pick up a technology and bring it to patients?
Questions we will discuss:
Some questions we will focus on:
What strategic approaches do exist for life science companies?
How important is the team in developing a company to an IPO?
Where can scientists find help when they want to start a company?
LISTEN TO THIS EPISODE OF THE LSG2G PODCAST HERE
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