Invention, Intellectual Property and Business Models

Task Requirments:

Imagin and outline possibilities and describe how to make them probabilities
Prepare a draft summary slide and video

For this week it was required to Develop a plan for dissemination of My final project, to do this first i need to understand interllectual property and licensing.

Intellectual Property:

Dictionary: intangible property that is the result of creativity, such as patents, copyrights, etc.

Definition: As per Wikipedia, is a category of property that includes intangible creations of the human intellect, and primarily encompasses copyrights, patents, and trademarks.

License:

As per Wikipedia, A license is an official permission or permit to do, use, or own something ( as well as the document of that permission or permit ).

Dissemination plan:

I beleive that the project still needs some improvments to be available commercially. So i will make the design available as opensource and allow contribution.

Once am happy with everyrthing i can make it available commercially.

This is a very specific attachment for cap assembley machines, so for the marketing i can make it available on Alibaba, "i already have my company and have alibaba acount", i just need to adjust my governmental license to be able to sell such products.

For the financing: these product will be made by order, so i will collect a downpayment that will cover the cost of materials, that way it requires no financing

For production: Such products are sold in small numbers, so i beleive i can make it by myself, this also depends on the final design for commercial availability, i might need to outsource some parts.

Choosing License:

I went to the website https://choosealicense.com

I choose "I want it simple and permissive"

It directed me to the MIT license, wich i found it suitable to my needs.