We are applying for a grant and they ask us to list this. In a grant application for funds they are asking us to provide a concise listed description of our venture’s: 1) Status of technology, 2) IP protection, 3) Ownership of IP, 4) Pre-existing obligations, 5) Expectation regarding future IP It's number 4 and 5 I'm confused by. I have so far written: 1) Our technology is built out and our platform is currently operating. 2) IP protection - our name is trademarked and copyright protected in the US and Canada. 3) Ownership of IP - we own all rights. We are the owner of all intellectual property, all improvements, written materials, logos, trademarks, trade names, copyright, patents, trade secret and moral rights, registered or unregistered. Is this enough? open to all suggestions. No idea what is meant by pre-existing obligations. If you know I'd be grateful for guidelines. Thank you!!
Not sure if your question is still relevant, but here goes:
My interpretation to "Pre-existing obligations" would be, for example: licenses that you've given to others, licenses that you've received, claims against you/your IP (for example, someone who has filed a claim/complaint/court case saying that they are in fact the owners).
Regarding section 5: they mean what do you plan to do with you IP, and/or if you don't already have a patent, are you planning on filing for one? If so, in which jurisdictions...etc...
Regarding section 3, and even though you didn't ask: I find it unlikely that you really do own 100% of your IP. I am not sure what your business is, but if it includes code/programming, then there is a 99% chance that you used open source code, in which you case you probably don't own ALL the IP.
I hope that you got the grant. good luck
Answered 5 years ago
Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.
Already a member? Sign in