Unit 3-Stage Gate

What is the first stage in the stage gate process for invention licensing?

• Define

• Protect

• Test

• Develop

What is the main purpose of the 'Develop' stage in the stage gate process?

• To test the market

• To evaluate the problem

• To build a solution

• To research patents

What is the primary requirement during the 'Protect' stage of the stage gate process?

• Patent pending

• Market research

• Prototype development

• Product testing

When is the 'Test' stage considered optional in the stage gate process?

• When building a business

• When inventing a disruptive product

• When licensing a product

• When developing a prototype

What is the final stage in the stage gate process for invention licensing?

• Develop

• Test

• Define

• License

What should be done if companies do not believe in the demand for a product during the 'License' stage?

• Go back to the 'Test' stage

• Go back to the 'Develop' stage

• Go back to the 'Define' stage

• Go back to the 'Protect' stage

What is the main benefit of the stage gate process in invention licensing?

• Complicates the licensing process

• Delays product development

• Increases competition

• Reduces time and money spent

What is the industry standard technique for new product development projects?

• Stage gate process

• Patent filing process

• Market research process

• Prototype development process

What is the role of the 'Define' stage in the stage gate process?

• Evaluate competition

• File for a patent

• Identify a problem worth solving

• Build a solution

What is the purpose of the 'Protect' stage in the stage gate process?

• To evaluate competition

• To research patents

• To build a solution

• To test the market