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Protecting Robotics Innovations: Five Tips From Your Favorite Robots
Todd Basile, David J. Dykeman and Roman Fayerberg | Greenberg Traurig, LLP
We touched base with five of your favorite robots for insights into their success. Every robotics company should consider these tips for protecting and leveraging its innovations.
#1 WALL-E Off Your Space
A strategic patent portfolio protects a robotics company’s core technology, which in turn helps secure funding and establish a competitive advantage in the marketplace. Industry analysts claim that a start-up has about a 2.5 times greater chance of achieving success within 10 years of VC investment if it holds patents before the investment.
In its latest report on the collaborative robot market, Interact Analysis has revised downwards the growth predictions made in our 2019 report. The main factor behind this downward revision is, of course, the COVID-19 pandemic, but there are other downward drivers, such as competition from small articulated and SCARA robots in industrial settings, and a slower than expected increase in cobot installations in non-industrial settings. Nevertheless, this report gives good grounds for optimism for the short to medium term in the collaborative robot sector.
V-shaped rebound and sustained growth predicted
The collaborative robot market weathered a difficult 2019 due to a slow-down in the global economy which affected the important Asian market the most, and a tumultuous 2020, when the market saw negative growth for the first time – -11.3% in revenue terms, and -5.7% in shipment terms. Factory and warehouse shut-downs slowed down demand and customers exercised caution with investme