It is important to understand the value of your patents and explore the monetization opportunities through licensing of IP. We help our clients to develop the best patent licensing in/out strategies through an in-depth analysis of their portfolio and a careful research of specific industries and products as target.
Before executing a licensing deal, it is important to understand the strength of your patents and gaps in your existing portfolio. Monetization opportunities can be explored by:
1. Licensing-Out: abandonment of low value or non-core patents or licensing of existing patents.
2. Licensing In: acquisition of third party patents
We help identify potential customers best suited for selling the license of your IP. This involves:
1. Locating Manufacturers or Service Providers that are illegally selling the claimed product. Evidence of Use (EoU) charts are provided as final deliverable.
2. Identifying potentially interested parties that are not already practicing your patented invention, but operate in similar technology area or build similar products, and hence can be interested in licensing your technology. This requires Business & technical modeling of the interested parties that would potentially buy or license your patent rights.
Buying-in a license to use IP has several benefits. It reduces the costs involved in research activities, increases market penetration and ultimately gives a competitive advantage to your business. We help identify patent portfolio best for acquisition, with special focus on un-assigned patents and patents owned by universities.
Strategy for licensing-in:
Before acquiring any patents, it is necessary to first understand the needs of your business and how will the licensing increase the value of your current portfolio. A high level of investment and due diligence is required to assess the available opportunities.
Our expert analytics team will help you identify best suited technologies and patents that can strengthen your portfolio. We evaluate these patents by understanding the claim scope and benchmarking them i.e. comparing patents on multiple parameters like Age, Validity, Forward cites, Cites/year, claim scope, Independent claim length, Inventor count etc. The final selection is then done after an in-depth review by our technical experts.
Objective: Patent Licensing
We had an opportunity to assist a leading Mobile manufacturing company with cross licensing of their portfolio. This involved creating infringement maps and looking out for companies developing around the same technology domain. We provided detailed EoU claim charts, with a list of 20 potentially interested parties investing in similar technologies. Our reports and analysis aided licensing of 50 odd patents from a portfolio of 700 patents.