Low risk profiles in a collaborative model allows Qolty to assess the market with a direct to customer model. Profits are then shared, like a musical artist and royalties on song platforms. Wide swaths of potential new technologies are tested in the market and can reach customers. In smaller technical markets, this model is ideal.
Frequently Asked Questions
What is the Easy Access IP model?
- Easy Access IP differs from the standard TTO (Technology Transfer Office) model of patenting and licensing for profit as many inventions as possible. Instead, a university still patents the invention, but it gives away the majority—often up to about 95%—of its IP licenses for free, thus bypassing the high costs and lengthy negotiations that often prevent academic discoveries from being commercialized.
- Qolty encourages minimal patent protection or sometimes no protection at all. Rather we prefer endorsements, trademarks, or any other low-cost option. the device is driven by sales and distribution in which we would then Profit Share the sales of those products/licenses with the originating institution.
Is a patent on the device necessary?
- A patent is a sword, not a shield. It gives you the right to attack a competitor who makes commercial use of (“infringes”) your patented technology. Contrary to common belief, it does not give you the right to practice your technology free of interference. In fact, patents are often quite narrow and hence can be easily circumvented: they might apply to a specific design element or combination of characteristics. Furthermore, they have effect only in the jurisdiction of the patent-granting authority.
- In our experience, science is a worldwide customer base with an international competitive landscape. Thus, multiple patents would be required, significantly increasing costs. A patent in the United States would not give any advantage to selling to customers abroad. If you do not have a patent, or are a TTO seeking to patent, this agreement will still work without one.
- Ultimately, we believe that patenting simply removes the profit potential of many scientific innovations by limiting distribution and market demand. Capturing that profit that can be shared with the original inventor is our goal as we share in that profit as well.
How does Qolty generate revenue without patent protection, and why does our institution benefit?
- In partnership with Inventionup.com, Qolty can provide off the shelf, easy to use contracts that are fair to both the research institution, entrepreneur as well as the Qolty platform. Revenue-based models align incentives and allow for everyone to succeed. For understanding these contracts, please visit Inventionup.com
What sort of contracts do you use?
- Using rapid developm