Question
Good evening!
We are a startup company based in Tokyo, Japan. Our business is the development of technology that facilitates the interaction between private RC drones and wearable devices.
Our team has developed a new type of gyroscopic device that we believe might have some potential in special drones designed for delivery. This is however somewhat divorced from our core business model and we are considering selling the technology. We would like to approach other companies or research institutions possibly in Japan, but also maybe in the USA or EU. What would be our first step to do this?
Thank you very much for your advice.
Best regards,
M. Takayama
Answers: 3 public & 0 private
Dear M. Takayama, technology sounds interesting. Well the first thing you should do is limit your disclosure of the technology, even in this forum, without first having some sort of patent application filed; at least somewhere. By disclosing without having a patent application on file, most countries will forever bar you from subsequently obtaining patent protection; it's an initial disclosure rule. You could execute NDA's with whomever you discuss your technology, but I counsel companies to file patent applications first. At the end of the day, though, it's a business decision. Weigh what you would spend to protect the idea, which companies will want, against what you think the realistic value is on the market.
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