Topic: Patents and Intellectual Property: From Invention to Value
Most chemical engineers are aware of patents but the details of getting from invention to realizing value can be elusive. This talk will cover many of the aspects of the patent process and how to use patents to create value. First it is important to understand some of the basics about patents such as what are the requirements to obtain a patent, what rights does a patent holder have, what if there are multiple inventors and how much does it cost? If you have a patentable invention what is the process required to get patent coverage? Then the topic of value is discussed including what is a patent strategy, how can patents create value, what are the ways to leverage this value, should I license this patent and how much is this patent worth?
Speaker: Peter Hanik, BSChE, MBA, PE
Pete is currently President of Pretium Innovation specializing in intellectual property and team-based innovation systems to create sustainable value. He has developed proprietary on-site and on-line services for innovation methods in business strategy, business process redesign, capital efficiency improvement, product concept development, intellectual property enhancement, and technology road-mapping. Previously, he was President of Technology at Reliance Industries, India, where he led R&D programs in refining, petrochemicals and polymers with a staff of ~300 professionals. Before that, Pete was President and CEO of Millennium Petrochemicals, VP of Reengineering and Information Systems at Quantum Chemical, and held various Managerial positions at Northern Petrochemical.
Pete holds a B.S. in Chemical Engineering from Illinois Institute of Technology and an MBA from the University of Chicago. Pete served as a member of the American Institute of Chemical Engineers Industrial Advisory Board 2002 – 2004. He has also served the American Fuel & Petrochemical Manufacturers Association (AFPMA) as a member of Executive Committee, Board of Directors, Steering Committee, Petrochemical Committee (Chairman), and Program Chairman for the 2002 International Petrochemical Conference. Pete is a registered PE (Nebraska).
Costs: There is no registration fee. The lunch menu ranges from $8 to $12, and the South Texas Section will subsidize lunches by $3 per attendee. STS members as well as non-members are welcome to attend. We only request that you pre-register at the STS-AIChE.org website so we can get an accurate head count for the restaurant.
Have suggestions, ideas, comments or want to recommend a speaker for future TFNL events? Please contact David Alexander at firstname.lastname@example.org or call 832-372-2926.