Inventor Rewards and Recognition Program Best Practices

Designing and implementing a robust inventor rewards and recognition program (IRRP) can be daunting. To be successful, this program must motivate your inventor community to increase valuable innovations, prompt new inventors to submit inventions, and improve inventor support of your intellectual property (IP) protection program. Simply establishing a program will not guarantee increased participation—or ultimate success.

This comprehensive report enables you to evaluate:

  • How do companies reward (award amounts and caps) and recognize for 19 intellectual property events/milestones?
  • Which intellectual property events are most popularly awarded, and which awards are considered most effective?
  • What are the most popular purposes companies stated for having an IRRP?
  • How many awards are offered?
  • How do IP leaders rate the effectiveness of extraordinary awards?
  • Which award was identified as the most effective?
  • What methods are used to communicate and explain awards to inventors?
  • How do companies promote their IRRP?
  • What is the total amount paid for an issued patent?

Cross-Industry Report includes:
Segmentation Analysis: R&D Annual Investment Amount
Small (Less than $50 million), Medium (Between $50 and $250 million), and Large (Greater than $250 million)

Other segmentations are available.