As quantum technology moves from research towards commercialisation, how can businesses ensure their IP strategy keeps pace?
In the latest episode of Innovation Unlocked, we are joined by Mathys & Squire Partners Edd Cavanna and Sean Leach, alongside Cat Mora, VP of Research Operations and Government Affairs for our client Phasecraft, to explore the evolving IP landscape in the quantum sector.
Cat discusses Phasecraft’s approach to IP and the role it has played in the company’s growth, while Edd and Sean explore the complexities of protecting quantum technologies, from identifying inventions to developing a forward-looking patent strategy that aligns with commercial goals.
Listen to the full episode to hear our specialists discuss protecting quantum algorithms, balancing academic publications with patent protection, and the importance of ongoing communication between inventors and patent attorneys.
You can listen to the episode on Spotify here.
Read more about our services and expertise in quantum here.
Episode summary
Topics discussed🎙️
- The development of quantum computing from theoretical research into increasingly practical technology, and the distinction between quantum computing companies and quantum algorithm companies.
- Potential applications in areas such as clean energy, batteries, optimisation, telecommunications and energy networks.
- The importance of IP in protecting future revenue streams and, importantly, maintaining freedom to operate in the quantum technology space.
- The role of patent portfolios, patent claims and the relationship between a company’s IP position and its wider business plan during investment due diligence.
- The difficulty of predicting where future commercial value will arise and the need for broad, forward-looking patent applications.
Key takeaways💡
- IP should be considered from the outset. For a quantum technology company, IP can be critical not only for protecting future revenue but also for preserving freedom to operate.
- Investors may examine the substance of an IP portfolio. The discussion notes that sophisticated investors may go beyond checking whether patents exist and examine whether the patents actually cover the technology and fit the company’s business plan.
- IP should align with the business plan. The value of patents depends on what the company intends to do commercially and how effectively the IP supports that plan.
- Communication between technical teams and patent attorneys is essential. Ongoing communication helps patent attorneys understand current developments and anticipate where the technology and business may go next.
- Quantum IP requires forward-looking thinking. Because the sector and its commercial applications are developing quickly, patent strategy needs to account for potential future directions rather than only today’s products.
Notable quotes🔊
- “It’s just suddenly turned from being a purely scientific endeavour to being something that we can make use of and exploit, and that can really make an impact in the real world.”
- “[Patents] are a commercial tool. At the end of the day, if you don’t have a commercial plan for them, then they are worthless.”
- “We need to be prompt and right from day one. And I think that’s one of the big things for me, is having to have that level of rigour from day one. There’s no second chances.”
- “It was very clear from the beginning that because we do algorithms and software, IP would be critical for us.”
