We look for research topics pertaining to forthcoming needs of society, find new principles by thorough research and development, and invent technologies that would solve problems. We concurrently obtain patents for those inventions to protect our intellectual property, and receive recognition that our technology and inventions are indeed valuable, when our technology and inventions are used all over the world, thereby contributing to the industrial development and leading to our profits. The obtained profits are further invested into other R&D fields to create new technologies.
This IP creation cycle which we are pursuing is the business model we aim for. SEL has been submitting patent applications all over the world, including the US, EU, and various other countries throughout Asia in addition to Japan.
If inventing is compared to “sowing;” obtaining patents, “cultivation;” using our technology in mass production, “fruition;” contributing to the industrial development and leading to our profits, “harvest;” and further investing into other R&D fields, “re-sowing,” the business model we aim for can be described as an “agricultural business model. ” In contrast, there is a “hunting business model,” in which manufacturing or researching is not performed and patents are purchased; then, patent infringement are sued to a manufacturer in order to obtain high royalties. This model merely focuses on making profits. The “agricultural business model” is different from the “hunting business model” and is superior because it contributes active development and production as well as industrial growth.
With this “agricultural business model,” SEL has been distributing new technologies with the underlying hope of contributing to technological development.