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Frequently Asked Questions
You will be awarded with the patent(s) after an agreement signing and certificate issuance ceremony. Only start-ups who have successfully completed the ceremony will be crowned as a winner for IPHatch®.
Once you are awarded with the patent(s), you will be required to transfer the patent(s) to your company's ownership. Piece Future will also be working with you closely and serve as your virtual IP team for questions you have on IP and technology roadmap matters. You will get included in all workshops that we host, private advisory session on Business Model (BM) Review and enjoy our extensive network of business partners, VCs and mentors within our IPHatch® communities.
This will be shared in our IPHatch® briefings and subjected to management changes.
They comprise of the patent owners, partners of IPHatch® innovation challenge and our network of VCs.
Subjected to individual corporate legal process, it may range from 1 month to 6 months.
Do not worry, Piece Future will be able to provide you a letter of proof acknowledging the patents that you had won. In addition, once all agreements are done with patent transferred, you will be provided a certificate.
A patent assignment is an agreement where one entity (the "assignor") transfers all or part of their right, title and interest in a patent or application to another entity (the "assignee"). Accordingly, patent assignment is the legal mechanism that transfers ownership from the inventor to your business. Patent licensing is part of how to patent an idea and is a revocable agreement between a patent owner and a licensee to transfer interest in a patent to a licensee, who can benefit from and enforce the intellectual property rights. For licensing, normally there is an ongoing royalty payment to the patent owner.
Depending on the company's technology roadmap, we would encourage you to implement it at the time that best fits the product rollout, and it may be 3 months to more than a year for some companies.
Equity percentage do varies depending on the portfolio. The range of equity can be found in each individual portfolio showcased on the website.
You will be having a Business Model Review session with our in-house professional who is well-trained in Harvard and understanding how to utilise the awarded IP. You may also be invited to our networking events, and introduction to VCs along the way.
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