WHAT IS PATSNAP

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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Increase revenue and enhance strategy by learning the value of patent valuations

 

For most businesses today, 75% of their value, sources of revenue and long term sustainability is directly related to IP and intangible assets. Companies traditionally file multiple patents as part of a defensive strategy to beat their competitors and achieve or retain a monopoly. However, filing patents without a strategic plan can lead to a mixed bag of patents in your portfolio— some valuable, and some much less so.

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Your R&D might be worth more than you think, thanks to innovation incentives

Most businesses underestimate what they can claim from innovation incentives. According to the Telegraph, 40% of active companies in the UK generate some form of innovation, yet most business owners have no idea that they qualify for R&D tax credits.

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Enhance your innovation cycle by knowing customers, competitors and collaborators

Research by CEB reveals that the top priority of R&D leaders is to beat competitors to market with big innovations—but 90% of them also believe their pipelines are slow at turning ideas into successful products. According to the same research, R&D managers report that one third of their projects are behind schedule. Enhancing the innovation cycle is not just about speed to market, it’s also about ensuring your product is profitable so that R&D resources aren’t wasted.

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UK Government explains how it’s tackling IP crime in latest report

During 2016, over 2 million suspected infringing counterfeit goods were detained by border force. IP crime not only impacts the UK economy but also undermines legitimate businesses who work hard to innovate.

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PatSnap Insights: Pfizer's Viagra Patent Expires

Viagra, or Sildenafil Citrate, is currently patented by Pfizer in the United States, and the patent is set to expire there in April 2020. The company has already signed an agreement to allow Teva Pharmaceuticals to bring a generic Viagra drug to the US market by the end of 2017, and for such an important drug, the implications for both Pfizer and the wider market are expected to be significant. The original patent can be found here in the PatSnap database: US6469012.

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Struggling to build a culture of innovation? Maybe it’s you, not them

Last week, I had the pleasure of interviewing Mitch Ditkoff, an innovation culture consultant who has worked with GE`s Crotonville Management Development Center, Fuqua School of Business and several Fortune 500 companies.

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Interplay between patent law and reproducibility

A patent is a legally granted right to manufacture, use, or sell an invention for a certain number of years, and to exclude others from doing so. Patents are granted in exchange for the detailed, public disclosure of the invention they describe.

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