There are four major forces impacting the patent marketplace: the IP litigation is at an all time high, very active patent transaction markets, USPTO overloaded and underfunded, global competition is changing the iP playing field. As we all know, the US patent prosecution process is on a "first to file" basis.
In the current 21st century patent marketplace, there is an addition to simply IP creators and IP users. Now, IP creators are operating companies, independent inventors, universities, research institutions, government labs. There are intermediaries that include non practicing entities, patent funds / aggregators, market makers, and financial services. Finally, there are IP users which include operating companies and others.
I found really interesting the industry trends to watch in patent monetization. These include 3 main points.
1. enforcement business model is under attack - patent litigation declines for first time in 5 years
2. patent transactions slowing down - especially soft. patent; buying moved to China
3. focus shifting to validity
In the next blogpost I will talk about growth, but I included this one because it has a good overview of the current IP marketplace.
Shifts in the patent industry really does have a wider impact on the greater economy, which is why it is important that we understand exactly how it works!
ReplyDeleteIt is really important that we know how patents works!
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