CIBC Presents Entrepreneurship 101: Who owns your invention?
At last week’s Entrepreneurship 101 lecture, we discussed the issue of invention ownership and the grey areas that exist.
If you’re a researcher in a university lab (or a company) and you invent something related to your research theme, it’s fairly clear that the ownership is defined by your employment contract/institution policy. It’s likewise clear what happens if you’re a neuroscientist but you invent something in your beekeeping hobby: it’s yours, not your employer’s.
But what happens in that grey area inbetween?
An example of grey area: you’re a polymer researcher developing new resins, but you find a solvent that not only works exceptionally well for your materials, but might have commercial use as a cleaner to remove that irritating residual glue left over from price stickers. How do you decide who owns the idea? And who gets to make that decision (aside from the courts if it gets ugly enough)? I’m interested in opinions as to how to fairly make such a decision – any thoughts out there?
Downloads and Resources
- Class Summary: Intro to Tech Companies/Business Creation
- Webcast: Intro to Tech Companies/Business Creation
- Presentation: Watch it below or download it from Slideshare
- Join the Facebook Group: CIBC Presents Entrepreneurship 101
Tony Redpath mentored entrepreneurs at MaRS, with a particular emphasis on environmental, advanced materials and manufacturing markets. His primary role was to ensure that MaRS has the right programs in place to help companies take their ideas to market and that these programs are working together. See more…