Medilink

Medilink

ProspectIP and Medilink work together to manage and commercialise new ideas/inventions from the healthcare sector, and to provide specialist training/events for businesses within the East Midlands.

Assess

Stage 2: Initial Evaluation 

The initial evaluation of an invention is a key stage to successful commerical exploitation in the market place.

During our evaluation stage we look at the following aspect of your idea or concept:

  • IP protectability
  • Technical feasibility
  • Commercial viability


IP Protectability

IP protectability means the invention can be protected by a patent, registered design or know-how. Other forms of IP protection include trade marks and unregistered designs, however our process focuses on patents and registered designs.

As part of our IP evaluation we focus on:

  • Does the invention have any assocaited IP 
  • Outline the invention step of the innovation 
  • Has the invention been disclosed to third parties 
  • The general IP landscape of the area of innovation

 

Technical Feasibility
Technical feasibility is whether the invention could be made into a product or into its final form at a cost effective price that would be attractive to the end user.

Technical feasibility focuses on:

  • Is the invention technically feasible?
  • What are the main challenges?
  • What is the level of technical risk? 
  • Would third party technology/know-how be required to develop the product? 


Commercial Viability
The commercial viability of any innovation is key to its success. A true innovation should solve a market need and therefore as part of our evaluation we look for the following:

  • What is the problem to be solved?
  • Are there alternative ways of solving the problem?
  • Who would be the customers?
  • What is the general market opportunity for the innovation?