ZeroParallax

Purpose and goal

We have evaluated the patentability of technology and identified further patenting possibilities. We have verified further interest from camera manufacturers and identified our first partners for technology licensing. We have investigated legal risks and benefits for licensing to set a preliminary framework for terms and conditions for technology licensing deals with clients. We have strengthened our network and found new strategic partners by attending key events for the Virtual Reality market.

Expected results and effects

Based on the results of the patentability report we continue working according to existing patenting strategy and findings of the report. We have confirmed strong demand from the market for Zero Parallax technology and have identified a list of first clients. In addition to licensing, we have identified strong demand from professional market in VR Industry and identified partners. We have worked out licensing terms for technology licensing deals with and evaluated legal risks and benefits. We have verified our business model and made adjustments in accordance to market conditions.

Planned approach and implementation

Verified intellectual property protection strategy and made necessary adjustments to patent strategy by hiring a patent attorney. Verified further steps in product development and the business model based on the feedback from potential clients, opinion leaders and partners. Worked out a preliminary deal structure ad general terms for technology licensing with the involvement of a legal counsel. Established a network of strategic partners, opinion leaders and potential customers with the aid of business coach, Nordic Innovation Centre in Palo Alto and participation at key events