Invention Management

As an IP professional, getting your arms around the full innovation lifecycle can be overwhelming; especially when tasked with increasing both the quality and number of new ideas.

From invention through to licensing, NovumIP’s streamlined processes and ability to aggregate information from disparate sources and systems, and facilitate collaboration supports innovation from the initial idea to ongoing monetization. Components of the Invention Management system include the Inventor Portal, Invention Submission, and Royalty Awards.

Inventor Portal

Efficiently manage your community of internal and external inventors so you can easily track, process, and oversee your innovation pipeline no matter the volume.

  • Configurable forms to collect essential information tailored to meet your patent review procedures
  • Inventors with access to dashboards showing submitted inventions and progress made through the validation and prosecution process
  • Tracking of co-inventors and their corresponding details against invention submissions
  • Invention team with the ability to collaborate during the documentation process and manage their input
  • Consolidation and a view into all activities and interactions in one convenient place
  • Links to external sources for investigation and searching

Submission Management

Establish a more transparent and efficient invention submission review process that allows for approvals to be made anytime anywhere to increase speed to filing.

  • In-house employee and external expert reviewers with the ability to collaborate, rapidly respond, and access submissions
  • Support for patent boards, meetings, peer and commercial review and all decision-making bodies and processes
  • Full process automation to streamline the process to meet your needs
  • Full bi-lateral integration with docketing/operations platforms including automatic synchronization to ensure all users have access to the latest information

Royalty Awards

Reduce time spent tracking awards and feel confident that royalty payments are being made to the right party.

  • Smart management and maintenance of all royalty awards rules covering who, what and when
  • Automatic reminders of when awards are due and to whom
  • Approval of awards by relevant manager
  • International inventor remuneration complying with all regional legislation
  • Integration with your preferred payment engine to automatically pay when approved