9/30/07
Chinese Walls
Create knowledge walls to protect individual clients and when multiple companies are working on the same innovation.
Realigning corporate env.
IP dept should work with mkting and suggest them what is already available rather than something acting as after the fact. This way we save engg resources and we are ready to have patent (IP) captured much before it is created.
IP creation can happen from marketing dept.
IP creation can happen from marketing dept.
Regional News -- WSJ Interactive Edition
Economic Focus:
New Index Takes Measure Of the Once Immeasurable The Patent & License Exchange Inc. thinks it has an answer. Set to officially launch this week, the Pasadena company has compiled an Intangible Asset Market Index -- actually five indexes -- that it says will track the values of patents, copyrights and trademarks world-wide in five technology sectors: advanced materials, such as modified alloys and polymers; automotive technology; express-package transport and logistics; health technology; and information technology.
New Index Takes Measure Of the Once Immeasurable The Patent & License Exchange Inc. thinks it has an answer. Set to officially launch this week, the Pasadena company has compiled an Intangible Asset Market Index -- actually five indexes -- that it says will track the values of patents, copyrights and trademarks world-wide in five technology sectors: advanced materials, such as modified alloys and polymers; automotive technology; express-package transport and logistics; health technology; and information technology.
Financial Luminaries Establish The Patent & License Exchange's TRRU Metrics Standards Board - Free Online Library
Financial Luminaries Establish The Patent & License Exchange's TRRU Metrics Standards Board - Free Online Library "These financial authorities are helping establish TRRU Metrics as an industry standard for valuing intellectual property and supporting the emerging needs of businesses looking to manage, market and monetize their intangible assets," said Nir Kossovsky, chief executive officer and chairman of pl-x. "Managing intellectual property is a business, and executives need a standard valuation method to support their daily decision-making."
LegalForce IP Marketplace
LegalForce IP Marketplace IP marketplace is changing with more and more awareness about IP assets. With major portion of world assets in the form intangible form (IP, goodwill etc) both Govts. (for GDP calculations, Taxation), corporations (company valuations, book value vs market value) and stock market is increasing aware of these assets:
- Corporations are giving more and more attention and resources previously afforded only to tangible assets: %age increase in Patent filing, % increase in llitigation in US and worldwide.
- Acquiring and disposing IP assets (buying and selling) is becoming easier and safer: with online valuation and marketplace concepts this has greatly reduced the time and risk associated with IP transactions. Earlier it use to take 3yrs for an IP transaction to take place thus eroding 15% of the value of the IP but with information and financial tools for buyers and sellers this can be done in a more rational way. + Global transactions can take place and corporations/individuals can trade geographical rights.
e.g. An American drug company was a able to add a new drug to its product pipeline in less than 6weeks of finding a small lab in Italy.
thats the same kind of revolution thats taking place when that took place for commodities market in late 19th century with setting up of Chicago broad of trade.
Check the increase in transactions after NYSE setup of CME.
Why don't we apply the same prudent approach that we apply to our tangible assets to our IP assets:
- Sell that generates returns below cost of capital
- Maximize the returns by focusing resources that yield maximum return
so, sell or license what you are not using and buy something that will add value.
Cost of maintaining IP assets world wide for licensing = 20K per asset for 20yrs
Black-scholes equation/Real options Theory made pricing more predictable and made transactions grow.
Valuing Patents has recently been made possible because of the data stream translations of the technology Risk-reward unit (TRRU( valuation model.
Check Intangible Asset Market (IAM)!
- Corporations are giving more and more attention and resources previously afforded only to tangible assets: %age increase in Patent filing, % increase in llitigation in US and worldwide.
- Acquiring and disposing IP assets (buying and selling) is becoming easier and safer: with online valuation and marketplace concepts this has greatly reduced the time and risk associated with IP transactions. Earlier it use to take 3yrs for an IP transaction to take place thus eroding 15% of the value of the IP but with information and financial tools for buyers and sellers this can be done in a more rational way. + Global transactions can take place and corporations/individuals can trade geographical rights.
e.g. An American drug company was a able to add a new drug to its product pipeline in less than 6weeks of finding a small lab in Italy.
thats the same kind of revolution thats taking place when that took place for commodities market in late 19th century with setting up of Chicago broad of trade.
Check the increase in transactions after NYSE setup of CME.
Why don't we apply the same prudent approach that we apply to our tangible assets to our IP assets:
- Sell that generates returns below cost of capital
- Maximize the returns by focusing resources that yield maximum return
so, sell or license what you are not using and buy something that will add value.
Cost of maintaining IP assets world wide for licensing = 20K per asset for 20yrs
Black-scholes equation/Real options Theory made pricing more predictable and made transactions grow.
Valuing Patents has recently been made possible because of the data stream translations of the technology Risk-reward unit (TRRU( valuation model.
Check Intangible Asset Market (IAM)!
Intellectual Property Due Diligence: A Must When Assets Are Transferred
Intellectual Property Due Diligence: A Must When Assets Are Transferred Unless the main motivation for the deal is acquisition of IP assets (such as proprietary software, a key patent portfolio or a valuable brand), buyers often underestimate the importance of IP due diligence. Intellectual property assessment is not considered mandatory in the sense that particular government filings might be required. Intellectual property might not be regarded as being as crucial as real estate, equipment and employee matters. Accordingly, intellectual property due diligence often is relegated to the end of the deal checklist and, as a result, is addressed inadequately or in a last-minute manner. Not surprisingly, there are numerous cases in which an oversight in intellectual property matters has caused the buyer's or the seller's position to be seriously compromised.
One high-profile example came in mid-1998 when Volkswagen was negotiating to acquire the automotive operations of Rolls Royce. VW paid £479 million for these operations, only to find that it had acquired no rights in the valuable Rolls Royce trademark. The mark went to BMW, which had separately negotiated to acquire the trademark rights. In the context of this highly publicized transaction, VW's response options were constrained: It had to get value for its purchase money, yet it did not want to appear to shareholders, the business press and to the public that it had carelessly failed to nail down a key deal term.
One high-profile example came in mid-1998 when Volkswagen was negotiating to acquire the automotive operations of Rolls Royce. VW paid £479 million for these operations, only to find that it had acquired no rights in the valuable Rolls Royce trademark. The mark went to BMW, which had separately negotiated to acquire the trademark rights. In the context of this highly publicized transaction, VW's response options were constrained: It had to get value for its purchase money, yet it did not want to appear to shareholders, the business press and to the public that it had carelessly failed to nail down a key deal term.
9/29/07
Business method patent
Business method patent - Wikipedia, the free encyclopedia In 1998, the CAFC's landmark decision in the case of State Street Bank and Trust Co. vs Signature Financial Group Inc. removed the barriers that might have existed in obtaining a patent on a so-called business method.
Two categories:
1. specific method of achieving some business-related goal is implemented via a software running on a computer system
2. Conceptual or strategic business plan without any reliance on computer or software system (doubtful if all methods are covered)
Check "first inventor defense"
Two categories:
1. specific method of achieving some business-related goal is implemented via a software running on a computer system
2. Conceptual or strategic business plan without any reliance on computer or software system (doubtful if all methods are covered)
Check "first inventor defense"
Types of Patentss from USPTO
Do you know that?
Utility Patent - 7 digit as USPTO has close to 6M utility patent (largest class)
Design Patents start with "Des"
Plant Patent start with "PP"
Reexamined patents start with "Re"
Utility Patent - 7 digit as USPTO has close to 6M utility patent (largest class)
Design Patents start with "Des"
Plant Patent start with "PP"
Reexamined patents start with "Re"
Invention Process
Invention and creativity are not sure shot recipes to success/monetizable asset. As not every carbon deposit can turn into diamond similarly not all inventions can yield business but a good invention process can promote the creativity, inventor's morale (by recognizing and identified achievement) and help develop those carbon deposits that might create diamonds.
A proper process and collaboration between inventors, marketing, patent facilitators and development team and bring into life many unrecognized nuggets and some of the them might yield into big payoff.
Align Business Processes with Patenting process:
Disclosure -> multiple Provision -> non-provisional -> Additional conditional/associated patents
New Product ->
Concept -> develop -> complete -> improve (new ver)
Mkting driven ->
Product
If you file the patent too early concept might be too generic to result into some business and if you file too late it might be too narrow and competition might have already copied and developed a work around. So filing at right time is the key.
Protect your patent and then plan how your competitors might be able to circumvent your Patent to develop similar products - protect in those areas too by filing additional patents.
Other than that keep a watch out for how you can circumvent your competitors patent to develop your products and protect them too.
Work on your competitors for not only defending yourself but by changing the game - try to prove early on that your competitor has invalid patent.
A proper process and collaboration between inventors, marketing, patent facilitators and development team and bring into life many unrecognized nuggets and some of the them might yield into big payoff.
Align Business Processes with Patenting process:
Disclosure -> multiple Provision -> non-provisional -> Additional conditional/associated patents
New Product ->
Concept -> develop -> complete -> improve (new ver)
Mkting driven ->
Product
If you file the patent too early concept might be too generic to result into some business and if you file too late it might be too narrow and competition might have already copied and developed a work around. So filing at right time is the key.
Protect your patent and then plan how your competitors might be able to circumvent your Patent to develop similar products - protect in those areas too by filing additional patents.
Other than that keep a watch out for how you can circumvent your competitors patent to develop your products and protect them too.
Work on your competitors for not only defending yourself but by changing the game - try to prove early on that your competitor has invalid patent.
9/27/07
9/26/07
Ideas to Business
With Globalization and knowledge led economy, we are in a new world of Intellectual Property. Companies need to cultivate new proactive attitude towards IP by looking at IP as a business itself by taking advantage of companies trademarks, patents and other intellectual Property. Businesses not only have to understand their own innovation but also need to understand what is available (which is becoming more and more complex with increasing number of Patents filed every year across the globe). To survive and flourish in this highly competitive environment Business need to develop a comprehensive "Innovation Strategy" based on following principles:
1. Pre-Development stage: Check the IP landscape - existing Patents (claims) - provisional, pending and granted; Products, common knowledge
- use existing knowledge and not reinvent the wheel
- avoid infringement
- license something and improve time to market and still hold monopolistic rights (Patents)
- Fit Patent Portfolio
- oppose/opposition/reexamination procedures
2. Development stage: Watch what competitors are doing?
- use existing knowledge as much as possible
- Explore areas to broaden/potential for numerous patentable inventions
3. Later-Development stage:
- File one vs multiple patents?
- Patent portfolio - defensive vs offensive patents
- Claims broad or narrow
- Product/process/machine patents
- countries and type of Patent - Process vs Product vs trade secret
4. Post Development stage:
- Patent Watch/Insurance
- Licensing/Technology transfer/Valuations
- Divisional patent or Continuation Patents
- Geographic licensing
- Trademarks
- Countries to consider for Patents
- generate strategies to answer opponents
1. Pre-Development stage: Check the IP landscape - existing Patents (claims) - provisional, pending and granted; Products, common knowledge
- use existing knowledge and not reinvent the wheel
- avoid infringement
- license something and improve time to market and still hold monopolistic rights (Patents)
- Fit Patent Portfolio
- oppose/opposition/reexamination procedures
2. Development stage: Watch what competitors are doing?
- use existing knowledge as much as possible
- Explore areas to broaden/potential for numerous patentable inventions
3. Later-Development stage:
- File one vs multiple patents?
- Patent portfolio - defensive vs offensive patents
- Claims broad or narrow
- Product/process/machine patents
- countries and type of Patent - Process vs Product vs trade secret
4. Post Development stage:
- Patent Watch/Insurance
- Licensing/Technology transfer/Valuations
- Divisional patent or Continuation Patents
- Geographic licensing
- Trademarks
- Countries to consider for Patents
- generate strategies to answer opponents
9/23/07
Patent Cafe Magazine
Patent Cafe Magazine Intellectual Property Business Strategy For The Independent and Small Business Innovator
9/22/07
Patent Insurance: Teflon Coating on Armour?
Patent Insurance: Teflon Coating on Armour?
Patent insurance either pays a company for losses incurred if the company infringes - or is accused of infringing - on someone else's patent. Intellectual Property Insurance Services Corp. of Louisville, Ky. was the only company selling it throughout most of the 1980s in the U.S. Around 1987, a second company called Litigation Risk Management, Inc. from Texas started selling patent insurance through a company called Anco Insurance. There may be more companies selling patent insurance in the U.S. now. Other companies sell patent insurance in Europe.
Patent insurance either pays a company for losses incurred if the company infringes - or is accused of infringing - on someone else's patent. Intellectual Property Insurance Services Corp. of Louisville, Ky. was the only company selling it throughout most of the 1980s in the U.S. Around 1987, a second company called Litigation Risk Management, Inc. from Texas started selling patent insurance through a company called Anco Insurance. There may be more companies selling patent insurance in the U.S. now. Other companies sell patent insurance in Europe.
PatentFizz™ - Delivering patent-based information, engaging the community, and facilitating the patent discussion
PatentFizz™ - Delivering patent-based information, engaging the community, and facilitating the patent discussion
Patent Lens Home
Patent Lens Home Patent Lens is an independent, public-good global resource for increasing patent transparency.
9/19/07
DERWENT
http://scientific.thomson.com/derwent/
We are the world’s leading patent and scientific information provider, helping our customers stay ahead of their competitors by providing them with key technical, scientific and business information drawn from patents, industry standards, research journals and conference proceedings.
Our patent searching, analysis and IP management solutions include:
Derwent World Patents Index® — the most comprehensive database of global, value-added patent documents
Aureka® — advanced IP management and analysis platform
Delphion® — full-text patent documents with powerful search technology plus analysis and productivity tools
MDC™ — high quality IP management services
PatentWeb® — the world's largest commercial collection of patent data, with over 50 million full-text and front-page records
We are the world’s leading patent and scientific information provider, helping our customers stay ahead of their competitors by providing them with key technical, scientific and business information drawn from patents, industry standards, research journals and conference proceedings.
Our patent searching, analysis and IP management solutions include:
Derwent World Patents Index® — the most comprehensive database of global, value-added patent documents
Aureka® — advanced IP management and analysis platform
Delphion® — full-text patent documents with powerful search technology plus analysis and productivity tools
MDC™ — high quality IP management services
PatentWeb® — the world's largest commercial collection of patent data, with over 50 million full-text and front-page records
Thinking XML: Patent filings meet XML
http://www.ibm.com/developerworks/xml/library/x-think23.html
The major patent organizations all have the dual goal of making electronic patent filing easy and making such filings compatible from one office to another. XML is the leading technology behind these efforts and a great deal of thought and work has gone into XML formats for patent filing. In this column, Uche Ogbuji examines the background of XML patent e-filing and chats with patent expert Carl Oppedahl about the practicalities of XML filings. Share your thoughts on this article with the author and other readers in the accompanying discussion forum.
The major patent organizations all have the dual goal of making electronic patent filing easy and making such filings compatible from one office to another. XML is the leading technology behind these efforts and a great deal of thought and work has gone into XML formats for patent filing. In this column, Uche Ogbuji examines the background of XML patent e-filing and chats with patent expert Carl Oppedahl about the practicalities of XML filings. Share your thoughts on this article with the author and other readers in the accompanying discussion forum.
Software Tools for Analyzing Patents
http://www.piug.org/pattools.php
From my understanding, this analysis can be divided into two broad categories. These are data mining (or mapping) and text mining. Data mining involves the extraction of fielded data and the analysis thereof. An example would be if someone wanted to examine the relationship between patent assignees and International Patent Classification codes for a specific area of technology. Mining or mapping this information can give someone an idea of who are the major players in a technology area and what type of work they are generally focusing on. When using Derwent data, a similar analysis can be done replacing IPC codes with Derwent manual codes.
Text mining or mapping typically involves clustering or categorizing documents based on the major concepts that are contained within. The data source is unstructured text data, it is not fielded and the only structure is that which the author has applied when they wrote the document and built relationships between different concepts within. An example of this would be if you collected patents from a specific patent assignee and you analyzed the text of these documents. In a cluster map the software would extract the major concepts found within and create clusters of documents that appear to cover the same concept. The software would then visualize these clusters in some fashion creating a map. By looking at the clusters that were created (and subsequently the documents themselves, but now with an organized method) you can quickly get a general idea of the concepts that this organization is working on and how they interrelate.
From my understanding, this analysis can be divided into two broad categories. These are data mining (or mapping) and text mining. Data mining involves the extraction of fielded data and the analysis thereof. An example would be if someone wanted to examine the relationship between patent assignees and International Patent Classification codes for a specific area of technology. Mining or mapping this information can give someone an idea of who are the major players in a technology area and what type of work they are generally focusing on. When using Derwent data, a similar analysis can be done replacing IPC codes with Derwent manual codes.
Text mining or mapping typically involves clustering or categorizing documents based on the major concepts that are contained within. The data source is unstructured text data, it is not fielded and the only structure is that which the author has applied when they wrote the document and built relationships between different concepts within. An example of this would be if you collected patents from a specific patent assignee and you analyzed the text of these documents. In a cluster map the software would extract the major concepts found within and create clusters of documents that appear to cover the same concept. The software would then visualize these clusters in some fashion creating a map. By looking at the clusters that were created (and subsequently the documents themselves, but now with an organized method) you can quickly get a general idea of the concepts that this organization is working on and how they interrelate.
9/15/07
IP Portals - windows on the world of intellectual property - Thomson Scientific
IP Portals- windows on the world of intellectual property - Thomson Scientific
Delphion - the largest online patent database makes news
Delphion - the largest online patent database makes news: Analysts say there's room for only seven Web companies to survive in the online patent information industry. Their success will depend on whether business customers will accept the Web as a storehouse for patent information. Otherwise, the online patent industry will become another casualty on the Web, like Net-based grocers
An accounting rule change could help the licensing business. The Financial Accounting Standards Board says companies must provide by January the value of intangible assets such as patents on their balance sheets.
An accounting rule change could help the licensing business. The Financial Accounting Standards Board says companies must provide by January the value of intangible assets such as patents on their balance sheets.
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