Dean Alderucci is an Adjunct Professor of Strategic Management at the University of Chicago Booth School of Business, where he teaches Innovation Strategy and is faculty advisor to the Innovation Group at Chicago Booth. Dean is an innovation consultant, specializing in creating new products and services, teaching how to invent, and redesigning corporate innovation processes. Dean was previously Vice President of Cantor Fitzgerald, a global financial services firm, where he founded and was Chief Operating Officer of its Innovation Division. Before that he was Chief Counsel and Senior Vice President of Intellectual Property Strategy at Walker Digital, an R & D laboratory and business incubator best known for creating and spinning off Priceline.com.
Dean operates directly in all aspects of innovation, including business opportunity analysis, inventing, patent strategy, patent creation, licensing, commercialization, conducting research on the field of innovation, and teaching innovation. In addition to teaching design thinking, he specializes in innovation for business systems, and developed the field of formal processes for generating inventions that both are patentable and have maximum licensing value.
He is an inventor on more than 160 granted and 250 pending U.S. patents, some of which have been purchased by companies such as Facebook, eBay, Groupon, and Hewlett-Packard. His inventions span a wide range of fields including new business models, business services, e-commerce systems, financial services, gaming, microprocessor design, robotically-assisted surgery, bioinformatics, firearms, operating systems, and computer networking.
Dean is also an adjunct professor at New York University’s Stern School of Business, where he created and directs both the Innovation Lab and the Center for Advanced Patent Research. Dean's research focuses on relatively unexplored areas at the intersection of inventing and operations. His principal research interests include formal strategy frameworks for inventing, applying operations research to corporate patent processes, applying software development techniques to patent creation, IDEs for patents, high speed patent production and new patenting techniques designed for extremely high value inventions.
He is a frequent speaker at educational institutions, corporations and organizations on business innovation, unconventional uses of intellectual property assets, and management of corporate IP processes. He has been a faculty member of various organizations that provide continuing legal education to attorneys.
Dean has served as the chair of committees of professional organizations, including the Technology and Business Development Committee of the American Intellectual Property Law Association, the Subcommittee on Business Method Patents of the American Bar Association (ABA), and the Subcommittee on Claiming Strategies and Formats of the ABA. He has also served as a member of several other professional committees, including the Special Committee on Patents and the Internet of the ABA, the Special Committee on IP Valuation of the ABA, the Patent Policy System Planning Committee of the ABA, the Software and Business Methods Committee of the Intellectual Property Owners Association, the International Patent Treaties and Laws Committee of the ABA, and the Patent Legislation Committee of the ABA.
Dean is a registered patent attorney, is admitted to practice before various state and federal courts in the U.S., and is a Solicitor of the Senior Courts of England and Wales.
Dean holds Master of Science degrees from Columbia University in Operations Research, Computer Science, and Applied Mathematics. He holds a Master of Laws from New York University School of Law. He also holds J.D. and M.B.A. degrees from the University of Connecticut, and B.S. and M.S. degrees in Computer Engineering from Boston University, where he graduated Summa Cum Laude and was inducted into the Tau Beta Pi Engineering Honor Society.
2014 - 2015 Course Schedule
"Innovation Markets", with William Baumol, (forthcoming 2015)
Correspondence: "Patents and the Dissemination of Inventions", with William Baumol, Journal of Economic Perspectives, 27(4): 223-226 (2013)
"Rebutting a Major Misconception about the Patent System", with William Baumol, AESTIMATIO, the IEB International Journal of Finance, Vol. 6, pp. 8-19 (2013)
Chapter 2 of AIPLA's Practitioner's Guide To Patenting Business Method & E-Commerce Inventions (2002)
"Monetization Strategies for Business Method Patents", The Licensing Journal (November 2000)
"Integrating Patent Law and the Corporation", 2 Yale Symposium on Law & Technology 1 (2000)