First, check whether the idea is patentable
Patent Portfolio Commercialization
Patent Portfolio Commercialization
Patent Portfolio Commercialization offers a quick portfolio analysis using patent ranking which can then be leveraged to generate revenue from the commercialization of the intangible assets. Portfolio Commercialization is a multi-step process of categorization, ranking and detailed analysis of top patents for identifying potential EOUs.
A portfolio consists of a set of patent references of a company from which actionable analytics can be derived which would assist in understanding important technical, legal, and business potential of the portfolio. The analytics help an organization to monitor their novel technologies and identify licensing options and marketing strategies, and develop a comprehensive IP strategy.
To conclude, patent commercialization helps in segregating portfolio in stronger and weaker patent portfolio and proves to be a beneficial tool for policy and decision-making, while making commercialization & monetization strategies.
Challenges Faced While Conducting Patent Portfolio Commercialization
Complete manual research & analysis resulting in a higher cost of review.
No integration with recent AI & ML-based analysis technologies.
As large set of data is to be analysed, so a well-structured approach is needed.
Limited search capabilities reduces the scope of covering comprehensive dataset related to patent portfolio commercialization analysis.
Insights are not released through a unified platform, and no interaction with multiple data sources or cutting-edge analytics tools exists.
Our Services
PRODUCT CLUSTER SET vs. ASSET SET
Matching clusters of target company products against the technology clusters of Client's patents.
Patent Ranking
Using proprietary automated tool, PATDIGGER, extracting Gold & Silver patents with respect to targets. Gold & Silver Patents are those which have a high probability of getting infringed.
Infringement Search & EoU Generation
Detailed manual patent review of top patents and detailed manual search is conducted for each selected patent for identifying infringing product/service of target company.
This is followed by generating evidence of use claim charts with earliest launch date of product/service/proof of sale/proof of use.
Our Methodology
(Patent Portfolio Commercialization)
Patent Portfolio Commercialization offers a quick assessment of patent portfolio using patent ranking which can then be leveraged to generate revenue from the commercialization of the intangible assets. It is a multi-step process of categorization, ranking and in-depth analysis of top patents for identifying potential target products.
The analytics help an organization to monitor their novel technologies and identify licensing options and marketing strategies, and develop a comprehensive IP strategy.
To conclude, patent commercialization helps in segregating portfolio in stronger and weaker patent portfolio and proves to be a beneficial tool for policy and decision-making, while making commercialization & monetization strategies.
Understand
Analyze
Mitigate
Our Methodology
Analysis of products of potential target company to identify technology clusters.
Patent extraction based on technology clusters of target company.
Categorization of patents into multiple technology clusters.
Using proprietary automated tool, PATDIGGER, extracting Gold & Silver patents with respect to targets in each technology cluster.
This is followed by manual ranking of patents and deep manual analysis through various parameters like Technical Score, Legal Score, Commercial Score etc. to give a cumulative score to each patent.
Detailed manual search is conducted for each selected patent for identifying infringing product/service of target company and Prepare evidence of use claim charts with earliest launch date of product/service/proof of sale/proof of use.
Why TT Consultants?
AI-Driven First Cut Analysis of the collated comprehensive patent dataset to a competitor company and its subsidiaries.
Patent and technology monitoring fuelled by XLScout- Patdigger and Potential Licensee Explorer.
XLScout- Patdigger provides quick ranking of all the patents in the target firm’s portfolio.
Comparative statistical analysis of technological areas and deep-dive investigation of the patent portfolio to identify monetisation strategies, risks associated with freedom to operate and IP infringement.
Potential Licensee Explorer provides expert analysis on which portfolio competitors will be interested in investing and further lets you incorporate your vision into the analysis.
Customised Analytics and interactive charts based on taxonomy and geographical distribution and a team of 350+ Technological Legal Experts having expertise in the field of engineering and life sciences.
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FAQs
What is patent portfolio commercialization?
Patent Portfolio Commercialization is an analysis of patent portfolio of a particular firm that reveals graphs and patent ranking based on future trends and insights.
Portfolio Commercialization is a concise report on the patent future trends, and helps you in managing yours assets for generating revenue by licensing and creating patent pools.
Portfolio Commercialization reports typically focus on portfolio of single firm.
What are the benefits of performing patent portfolio commercialization?
- Identify potential infringers for your patent portfolio.
- Identify potential buyers for licensing portfolio.
- Identifying patent pool.
- Determining commercialization of technology.
- Monitoring the portfolio and market trends helps in making acquisition and collaboration decisions.
- Enhance your company’s value among investors.
- Creates opportunities for cross-licensing.
- Diversify your IP assets to minimize risk.
- Identify potential In-licensing and Out-licensing opportunities.
What are the key steps in conducting patent portfolio commercialization?
- Ranking and categorization based on the likelihood of infringement.
- Detailed analysis of EOU.
- Drafting customized claim charts.
Who should track patents portfolio?
Companies, R & D Managers , Patent Attorney, strategy makers and IP counsellors should keep an eye on their competitor’s patent activity.
This monitoring of patent’s activity helps in identifying the technical area being focussed by your competitor.