Re-iterating what was said about Emerging v. Mature Markets, you look at the "white space" in the industries to see what you still can or cannot patent.
In Emerging Markets, there is still more space in which everything can be patented.
In Mature Markets, many more things have been established and there is less "white space", although it still exists.
With further research:
White Space is a prerequisite to identify an area where an invention may be generated, or to design an appropriate strategy and identify a market that may be exploited or even in identifying a 'niche' product. White space is the gap where further R&D can be done or competitive advantage gained may also be done to block other competitors - Patint
One ultimately understands:
- The White Space is a valuable tool in IP for competitive advantage or to even strengthen one's own product.
- In newer markets/emerging markets that aren't as established, there is more space for R&D to find the what to patent/what to do
DISCLAIMER: This may be a simple topic to understand, but I found it necessary and interesting as a visual learner to see this into images.
Kimberly,
ReplyDeleteSimply or not, I agree that this is an important topic to understand and realize in patent space. I actually had not realized it, but when entering a new market, it's so critical to make sure that there is plenty of "white space" so that there is market growth opportunity.
Sasha