WHAT IS PATSNAP

Don’t let your next R&D project stink

Seeing into the future often requires a sixth sense. But what if we could anticipate what the air freshening and fragrance market might look like in 2021?

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How to build a superstar R&D team, according to the former VP of R&D at Medtronic

Every innovative company wants its inventions to lead the pack (and market). But to get there, you need to build an R&D team with the right balance of skills and aptitudes. According to the VP of Innovation and R&D collaboration at Thermo Fisher Scientific, “one of the biggest challenges in coming up with next generation technology is finding the right talent to do so.”

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4 strategies R&D leaders can use to justify a budget increase

Establishing a budget for R&D projects can be difficult because there are so many known and unknown factors to consider—such as, employees (talent pool), equipment, the market and competitive patents. According to Inc., many R&D projects exceed budgets with disastrous consequences, and measuring technical progress and completion of milestones is generally more important than measuring expenditures overtime.

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How to construct a patent search query: Finding the magic of Christmas

 It’s that time of year when the music gets infuriatingly repetitive, we drag a tree into our lounges, garish jumpers are de rigueur, photocopiers get cheeky and the kids all make unreasonable demands from a fictional* red-suited character.

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PatSnap platform upgrade: licensee locator, non-patent literature, patent family tree & new homepage

 

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Do R&D professionals dream of electric cars?

John Jacob Astor IV speculated in his 1894 sci-fi novel, A Journey in Other Worlds, that the turn of the millennia would see electric cars as the norm:

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2017: A year of recognition for PatSnap

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Your R&D might be worth more than you think, thanks to innovation incentives

Most businesses underestimate what they can claim from innovation incentives. According to the Telegraph, 40% of active companies in the UK generate some form of innovation, yet most business owners have no idea that they qualify for R&D tax credits.

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Overcoming the limitations of stage-gate in new product development (NPD)

The Stage-Gate process can be defined as a framework where large innovation programmes are divided into phases (stage). Each phase is preceded by a review session (gate), where ideas are assessed and deemed worthy of further development or not.  

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Enhance your innovation cycle by knowing customers, competitors and collaborators

Research by CEB reveals that the top priority of R&D leaders is to beat competitors to market with big innovations—but 90% of them also believe their pipelines are slow at turning ideas into successful products. According to the same research, R&D managers report that one third of their projects are behind schedule. Enhancing the innovation cycle is not just about speed to market, it’s also about ensuring your product is profitable so that R&D resources aren’t wasted.

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