Surname 1

Name

Instructor

Course

Date

Intellectual Property Simulation

Scenario 1:

The entrepreneur has a great innovative idea of generating a unique three-stage process to

eliminate the dust problem in the industry for years. Although many bakeries evacuate the

workers and ventilate the rooms, finding a cheap solution that would not increase the production

cost is essential. The entrepreneur’s innovative idea does not require inventing new machines but

instead using existing machines like blowers, vacuums, and filter bags. It is a process that invests

in recent technologies using available resources. The entrepreneur has only the IP type that is

relevant to her innovative idea. A patent is the only intellectual property type relevant to the idea.

It is relevant because the process is unique and functions like no existing approaches currently

do. Also, some strategies apply to the idea, such as licensing the IP and trade secrets.

Scenario 2:

The entrepreneur has an innovative idea of uniquely shaping his tents in dolphins, bears,

and raccoons. The idea revolves around designing and outsourcing manufacturing. His idea

changed focus to what competitors focus on; his competitors focus on performance aspects. But

the entrepreneur focuses on aesthetics and fantasy shapes. The process is not unique to other

manufacturers’ processes, only specific configurations and shapes. This innovative idea uses the

available materials in the industry, similar to what other manufacturers use. The company will

change the information on its website but not its logo or trade name. Various IP types are
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relevant to the entrepreneur’s innovative idea, including industrial design, both of the tents and

pole configurations. The entrepreneur also needs to trademark the logo of the newly formed tents

and receive the copyright of all his products. The copyright needs to be for pole configurations,

instruction leaflets, pattern forms, and web content. Also, some strategies apply to the idea, such

as registering industrial designs, trademarks, and copyright. Therefore, the innovative idea is an

advancement of the existing technologies.

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