By Frauke Rüther
Entering the post-industrial age, wisdom has develop into an enormous asset for sustained aggressive virtue. in recent times, a brand new form of patent acquirers has emerged. those businesses don't produce items and hence, would not have patents of their ancient which means, they gather patents and mixture patent portfolios and little is understood approximately them. This e-book defines patent aggregating businesses and explores their innovations, actions, and their evolution over the years, in addition to how generating businesses can make the most of them to leverage their patent portfolios.
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Extra resources for Patent Aggregating Companies: Their strategies, activities and options for producing companies
Sample text
Since 1985, the worldwide yearly patent filings have more than doubled. The World Intellectual Property Organization F. 9 million patent applications were filed worldwide in 2008. The major patent application countries are the US with 456,321 patent applications, followed by Japan with 391,002 and China with 289,838 patent applications. At the European Patent Office (EPO), 146,150 patents were filed in 2008. Thus, more and more firms have started to accumulate patent rights. The following part presents the reasons why firms patent and acquire patents.
Typically, a license is granted for a limited period of time and to specific industrial or geographical markets. 4 Research concept and methodology The awareness regarding the exploitation of patents, as well as technology market intermediaries has tremendously increased during the last decades. Patent aggregating companies have emerged as new empirical phenomenon and empirical insights in this type of companies are scarce. This research aims to contribute to existing literature on the market for patents and technologies, technology market intermediaries, and external patent exploitation by building representation of observable elements, generating questions, and presenting propositions relevant to explaining phenomena (Eisenhardt, 1989a; Kromrey, 1998).
By selling the patents, the patent owner can generate financial value and realize the remaining value from unused inventions and patents. These patents can result from terminated research projects, cover technology that lies outside the core competency of the company, be remnants from a shift in business strategy, acquired in corporate M&A transactions, and they are now unrelated to products or cover technology in a different stage of the actual product life cycle (Lichtenthaler, 2005). Patent sales also generate financial value through costs reduction.