WHAT IS PATSNAP

Don’t let your next R&D project stink

Seeing into the future often requires a sixth sense. But what if we could anticipate what the air freshening and fragrance market might look like in 2021?

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How to build a superstar R&D team, according to the former VP of R&D at Medtronic

Every innovative company wants its inventions to lead the pack (and market). But to get there, you need to build an R&D team with the right balance of skills and aptitudes. According to the VP of Innovation and R&D collaboration at Thermo Fisher Scientific, “one of the biggest challenges in coming up with next generation technology is finding the right talent to do so.”

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4 strategies R&D leaders can use to justify a budget increase

Establishing a budget for R&D projects can be difficult because there are so many known and unknown factors to consider—such as, employees (talent pool), equipment, the market and competitive patents. According to Inc., many R&D projects exceed budgets with disastrous consequences, and measuring technical progress and completion of milestones is generally more important than measuring expenditures overtime.

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How to construct a patent search query: Finding the magic of Christmas

 It’s that time of year when the music gets infuriatingly repetitive, we drag a tree into our lounges, garish jumpers are de rigueur, photocopiers get cheeky and the kids all make unreasonable demands from a fictional* red-suited character.

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PatSnap platform upgrade: licensee locator, non-patent literature, patent family tree & new homepage

 

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Do R&D professionals dream of electric cars?

John Jacob Astor IV speculated in his 1894 sci-fi novel, A Journey in Other Worlds, that the turn of the millennia would see electric cars as the norm:

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2017: A year of recognition for PatSnap

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Managing your patent portfolio in spreadsheets is a bad idea

Although spreadsheets are convenient for monitoring a company’s finances or creating a mailing list, you may want to switch to something more efficient when it comes to managing a large patent portfolio. Even Microsoft has stated that using Excel as a general purpose business management tool isn’t a good idea. Multi-user access is challenging, the smallest input error can have massive consequences, it’s difficult to control access to data and integrating Excel with other applications can be a nightmare. 

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5 tried-and-true steps to increase the ROI of your patent portfolio

Intangible assets, such as patents, are essential to a company’s financial performance and CFOs are increasingly giving patents more importance on a company’s balance sheet.

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5 signs you should scrap your patent

Abandoning patents is necessary for companies that manage large portfolios, with thousands of patents. Some patents aren’t valuable anymore, yet remain hidden in a large portfolio, adding to your yearly renewal fees. According to Manny Schecter, Chief Patent Officer at IBM, abandonments can contribute to, rather than jeopardise the pursuit of high quality in the patent system. Research also suggests that companies with the largest portfolios, like IBM, abandon the most patents.

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