Week 18
INVENTIONAL,INTELLECTUAL PROPERTY AND BUSINESS MODELS
In this week i have to Create and document a license for my final project. Also i need to develop a plan for dissemination of my final project.
Invention
My project is inflatable coin bank. This coin bank is a decorative coin bank which grows in size with each coin inserted and stored therein.includes a flexible housing with a coin receptacle received therein. The receptacle has a slot formed therethrough for receiving the coins. A sensor is mounted adjacent the slot formed through the receptacle for selectively generating an actuation signal when a coin passes through the slot.
I want to implement my idea into reality by using the things i learned from this course.This is a prototyping model of my idea and will be improved further in future if necessary to launch in market.
Intellectual Property
Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.Intellectual property is protected in law by, for example, patents, copyright and trademarks, which enable inventor to earn recognition or financial benefit from what he invent or create.
Artistic works including music and literature, as well as discoveries, inventions, words, phrases, symbols, and designs can all be protected as intellectual property.
As i mentioned earlier week. I took patent for my Idea with patent number US 9427054 B1
Patent,Copyright and Trademark
A patent is a limited duration property right relating to an invention, granted by the United States Patent and Trademark Office in exchange for public disclosure of the invention. Patentable materials include machines, manufactured articles, industrial processes, and chemical compositions. The duration of patent protection depends on the type of patent granted:
● Design Patents - 15 years from issuance for applications filed on or after May 13, 2015 (14 years from issuance if filed before May 13, 2015)
● Utility patents and plant patents - 20 years from the date on which the application for the patent was filed in the United States or, in special cases, from the date an earlier related application was filed.
Under certain circumstances, patent term extensions or adjustments may be available.
A copyright protects original works of authorship including literary, dramatic, musical, and artistic works, such as poetry, novels, movies, songs, computer software, and architecture. The duration of copyright protection depends on several factors. For works created by an individual, protection lasts for the life of the author, plus 70 years. For works created anonymously, pseudonymously, and for hire, protection lasts 95 years from the date of publication or 120 years from the date of creation, whichever is shorter.
A trademark is a word, phrase, symbol, and/or design that identifies and distinguishes the source of the goods of one party from those of others. A service mark is a word, phrase, symbol, and/or design that identifies and distinguishes the source of a service rather than goods. Some examples include: brand names, slogans, and logos. The term "trademark" is often used in a general sense to refer to both trademarks and service marks.
Unlike patents and copyrights, trademarks do not expire after a set term of years. Trademark rights come from actual “use” Therefore, a trademark can last forever - so long as you continue to use the mark in commerce to indicate the source of goods and services. A trademark registration can also last forever - so long as you file specific documents and pay fees at regular intervals.
Reference:United States Patent and Trademark Office website
Licensing
Open source licenses are licenses that comply with the Open Source Definition — in brief, they allow software to be freely used, modified, and shared. To be approved by the Open Source Initiative (also known as the OSI), a license must go through the Open Source Initiative's license review process.
The following OSI-approved licenses are popular, widely used, or have strong communities:
● BSD 3-Clause "New" or "Revised" license
● BSD 2-Clause "Simplified" or "FreeBSD" license
● GNU General Public License (GPL)
● GNU Library or "Lesser" General Public License (LGPL)
● Common Development and Distribution License
MIT License
A short and simple permissive license with conditions only requiring preservation of copyright and license notices. Licensed works, modifications, and larger works may be distributed under different terms and without source code.
The MIT License:
Copyright <YEAR> <COPYRIGHT HOLDER>
Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:
The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.
THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
Creative Common(CC) License
A Creative Commons (CC) license is one of several public copyright licenses that enable the free distribution of an otherwise copyrighted work. A CC license is used when an author wants to give people the right to share, use, and build upon a work that he/she has created. CC provides an author flexibility (for example, he/she might choose to allow only non-commercial uses of his/her own work) and protects the people who use or redistribute an author's work from concerns of copyright infringement as long as they abide by the conditions that are specified in the license by which the author distributes the work.
There are many options which we can choose and allow to consider Non commercial use as well. It helps to share the things with keeping some rights.
The CC licenses all grant the "baseline rights", such as the right to distribute the copyrighted work worldwide for non-commercial purposes, and without modification. The details of each of these licenses depend on the version, and comprises a selection out of four conditions:
Attribution (BY): Licensees may copy, distribute, display and perform the work and make derivative works and remixes based on it only if they give the author or licensor the credits (attribution) in the manner specified by these.
Share-alike (SA) Licensees may distribute derivative works only under a license identical ("not more restrictive") to the license that governs the original work. Without share-alike, derivative works might be sublicensed with compatible but more restrictive license clauses, e.g. CC BY to CC BY-NC.)
Non-commercial (NC) Licensees may copy, distribute, display, and perform the work and make derivative works and remixes based on it only for non commercial purposes.
My project licensing
For my project,i choose Creative common licensing.So that i can avoid commercial use of my Project by others.
Dissemination
Here firstly I am trying to prototype my idea. Then i have to customize the Design or other parts included . After getting the Good working model. I have to think about converting of it into a commodity or a product which will have a market scope.
Income:
May be later i have to market the product after researching the market.if needed after customizing the prototype. I can use different marketing techniques using Social medias and other available medias.
After getting feedback,I can create next versions by clearing the problems,Creating the website etc.