Both the university and industry share the common desire to see the commercialization of new and useful technologies. Woven together, these numbers tell a compelling story of how new technology derived from academic research is a fundamental pillar of industrial advancement. I have done my own patent search and believe that my invention is patentable. The OTT uses several criteria to evaluate an invention. Our primary consideration is whether the invention can both be patented with meaningful claims and be commercially licensed.
Patents are expensive to obtain and maintain and can be difficult to enforce.
The decision on whether or not to file a patent application is strictly a business decision based primarily on the likelihood of obtaining commercially useful protection for the invention and of earning revenues from its eventual commercial exploitation. We decide patentability by obtaining a professional opinion from a patent attorney. The market potential will ultimately define the likelihood of attracting a licensee willing to invest in developing and commercializing the invention. Narrow claims can be easy to circumvent and difficult to practice and enforce, thus making it difficult to attract a licensee. Broad claims are the most valuable.