Intellectual Property News Recap
Interesting and Relevant IP-Related News
IP3 Round 2
A little more focus and a little more time may lead to better results
AST announces the launch of a new version of their Industry Patent Purchase Program, IP3. The 2017 version of IP3 is focused on patents covering five areas: the Internet of Things, wireless, content delivery/video distribution, networking and communications. This year, interested sellers have a larger window of time to consider selling (submissions won’t be accepted until Aug 1st and will be accepted until Sept 30th). Last year, IP3 only lasted 2 weeks.
Why it is Interesting
Whereas last time companies were able to decide upon how much funding to contribute up front, this year they are able to put funds into the pot after reviewing the assets available. “That’s more in line with our normal AST process,” Binns pointed out. The change is part of a drive to focus more on the quality of assets in this year’s initiative. “The more high-quality assets we get, the more our members will invest into the acquisition of them,” Binns said.
In our last newsletter, we included our overview of Uber’s patent purchasing program, which was modeled off of IP3. When we posted the article we received some negative commentary around the secondary patent market. Clearly, AST is taking what they learned from IP3 2016 to make IP3 2017 more effective. The idea still has legs and could be the way forward for large patent purchase initiatives in the future.
Snapchat AR Patent
Watch out for that Dinosaur
Snapchat has filed a patent for image-based tracking in AR systems. The database utilizes less processing power by linking GPS data to an image database and allows users to impose images into their surroundings. Adi Robertson, journalist for The Verge described it as follows,
“Snapchat could ask you to hold up your phone and capture pictures of where you are. Since it would know your location, it could match those pictures against a limited set of data and figure out what’s around you. Instead of trying to map depth and perspective on the fly, the app would grab information about the space you’re in, then use it to place objects in a preprogrammed way that looks realistic.”
Why it Matters
Pokemon Go was incredibly popular on launch, with virtual animals in the real world proving to be a great concept for a game. This could be the next step to something more immersive. Also, the competition to lead in this space is pretty fierce. Still, it’s possible to imagine some pretty exciting use cases, such as running from zombie hordes to perfect your marathon training or taking calls from your friend who could appear alongside you.
Facebook also has plans to weave AR into their product. Should make detecting fake news a little more difficult though.
Example of Why IP Matters in the VC Game
A May 8, 2017, article in TechCrunch by Connie Loizos covers the recent bankruptcy filing of the US subsidiary of Berlin-backed search optimization company Searchmetrics. They have filed for bankruptcy protection to escape a patent battle with its US competitor BrightEdge. After an acquisition deal between the two fell through, Searchmetrics claims BrightEdge tried to prevent them from being successful in the US market by stealing their EU-protected IP and filing patents on it in the US. Filing for bankruptcy may help them avoid paying BrightEdge what they might win if a patent lawsuit were to go forward.
Why it Matters
If you think you’re going to do business in a particular jurisdiction, make sure your innovations are properly protected. Both companies are venture backed, both are ten years old, but BrightEdge has raised $30 million more dollars so they have a financial advantage. Filing for bankruptcy is a strategy, but it might not be a winning one, and they could be better off challenging the patents at the PTAB due to inventorship issues.
At ClearViewIP, we’ve seen a lot of interest from VCs wanting to help their investment companies strengthen their portfolios. This story is a good example of why VCs need to pay attention to IP matters, and that had Searchmetrics filed for protection in the US at the same time as they did elsewhere, then the IP issues could have been avoided beforehand.
Other IP News Stories
- Japanese business method grants surge in another example of Asia picking up the USPTO’s slack
- Fixed-time patent-buying programme IP3 back again for 2017; but this time it’s different
- Indian smartphone upstart says its patent prowess will put it way ahead of domestic rivals
- After Nikon launches global infringement litigation campaign, defendants fight back with former IV patents
- It’s a new dance in the auto industry as traditional players get used to changing rhythms and new partners
- Alice blow means Asian university’s pioneering US patent enforcement drive may be over just months after it began
- Snapchat acquires the crucial geo filter patent from Mobli for a record $7.7M
- Xiaomi continues patent purchases with Casio acquisition, while earlier buys accelerate chip self-sufficiency
- Microsoft, Toyota announce new licensing agreement for connected car IP
- Summary of groundbreaking Chinese patent case in which an injunction was issued in SEP case
- A Changing Patent Landscape: U.S. no longer the most patent-friendly jurisdiction in the world
- Get Ready for World IP Day on 26th April
- Evolution of Auto Exhaust Catalysts: Dr. Haren Gandhi invents three-way catalysts for cleaner exhaust
- Nintendo Switch Not Just a Second Console Gaming Platform
- Thinking about IP and collaboration at the Patent-Antitrust Interface
- Michelle Lee launches PTAB initiative to ‘shape and improve’ IPR proceedings
- 2016 Patent Market Report: Overview
- Apple’s move away from British designer of device GPUs could spark patent dispute
- Qualcomm strikes back, sues Apple for tortious interference and unlawful business tactics
- The Pioneers of Electricity: Top 10 Inventors of Electrical Technologies
- Defining Computer Related Inventions in a post-Alice World
- Is the government in competition with IP professionals?
- Industry association claims that Europe is under attack from patent trolls; but where’s the evidence?
- The Patent Policy That Could Harm Canada’s Patients
- “The decision of the decade” – US reaction to the UK’s landmark Unwired Planet FRAND judgment
- IV stops buying patents
- Acacia looks to be rethinking its future course in Asia following regional head’s departure from the firm
- Audio pioneer looks to up its IP game with appointment of former Microsoft and IBM licensing expert
- Uber launches patent buying program as it looks to aggressively grow portfolio
- Samsung accused of conspiring with WiLAN to wield Qimonda patents against chip competitors
- BlackBerry wins $814m Qualcomm patent-cap arbitration
- Huawei defeats Samsung in patent battle in China
- Apple settles Unwired Planet patent suit for undisclosed amount
- With patents so hard to enforce in Japan the continuing fall in applications at the JPO is no real surprise
- Why The US Can’t Afford To Fall Behind In Intellectual Property Enforcement
Other Tech News Stories
- Amazon quietly launches its own social media influencer program into beta
- Apple will design its own graphics chips for mobile
- Daimler and Bosch aim for full self-driving within 5 years
- WhatsApp looking at P2P payments launch in India
- Uber found an allegedly stolen Waymo doc
- Otonomo is the key ingredient helping carmakers monetize data
- Aol + Yahoo = Oath
- Amazon launches Amazon Cash to let you shop without a bank card
- Grab guys a payments startup called Kudo
- Ford built a baby bed that feels like it’s driving around the neighborhood
- Google to find out how well AI plays with humans
- Google is spending big on LG to curve the Pixel’s display
- Apple might take control of its own power management chips
- Autonomous cars could hand up to a quarter of U.S. driving by 2030
- Google’s AutoDraw uses machine learning to help you draw like a pro
- Lyft raised $600 million
- Apple might be building real medical devices
- Alphabet’s Verily offers a more serious take on health monitoring wearables with the Study Watch
- SpotHero acquires Parking Panda
- Smart running shoes won’t make you faster, but they could help you avoid getting hurt
- Apple gets its autonomous testing license
- Tesla’s plan for trucks
- Flipkart has a fresh $1.4 billion raise
- The Technology Behind Bitcoin Is Shaking Up Much More than Money