Interesting and Relevant IP-Related News
The IP Recap
World IP Day 2018
Women in Innovation
The 26th of April is world IP day and this year the theme was women in innovation. This was an opportunity to highlight how the IP system can support innovative and creative women (and indeed everyone) in their quest to bring their amazing ideas to market. The world IP day this year was a celebration of the achievements women have made in IP and a reflection on where we currently stand. The headline finding was that representation of women listed as inventors on patents has increased by 23% over the last decade, and has increased 500% since 1975, which shows progress, but this is still only a rate of 31% of all patent applications.
Why it Matters
Patents are well placed for this kind of analysis with the extensive databases containing details of inventors. And while it’s far from parity, there are other success stories within the stats, such as applications from the Republic of Korea filing 50% of applications with at least one woman. Biotech, Pharma, Organic fine chemistry and Food Chemistry were tech sectors over the 50% mark for the same statistic. This is even ahead of femtech, which we found to have 35% of patents with at least one female inventor. As well as the top level statistics, WIPO published a list of case studies of success stories from around the world, and it will be interesting to see if these trends continue.
Methods and Modeling
Estimating the value of a company requires a method of calculating the value of each part of the company. IP represents a major business asset, protects market space, and is even a source of revenue, but the valuation of intangible assets like IP is notoriously difficult. IPWatchdog has published an overview of different methods for estimating the value of IP. The methods explored include the “cost-based valuation”, which essentially determines the cost to create the IP asset which are therefore being bypassed by purchasing the pre-existing IP as there is no R&D, materials, trialling etc.; The “income-based” method, which considers market size and licensing rates in order to forecast future revenues from the IP; and the “market-based” method which uses market data for the most similar transactions to estimate the expected price.
Why it Matters
The value of a company’s IP needs to be presented accurately in order to fully understand its economic impact on a business. For example, IP valuation modeling can be used to create a projection of potential financial outcomes based on valuation models, market research and behavior trends. These valuation models are then used to guide decision making during IP licensing and sales negotiations. IP valuation can also be used in IP-backed lending, where a guideline of the value will be very useful for negotiating rates and how much IP the lender can hold as collateral. However, IP valuation is just one aspect of IP strategy. Knowing which model to choose can be tricky, but an experienced IP strategist would know how to apply the model or models that best suit your business and your desired business outcomes.
Could Volvo change the automotive IP culture?
What direction will their new IP counsel take with their IP?
In terms of automotive IP, it tends to be Ford who steals the headlines with their ambitious ideas such as the autonomous electric motorcycle within a car or an autonomous police car, but Volvo says they’re looking to up their IP game somewhat having hired a new global chief IP Counsel. He comes from GE and warns that convergence of technology could lead to the industry sleepwalking into IP litigation.
Why it Matters
Volvo has a rather small portfolio, with less than 1000 patent families, which the article attributes to their being part of the Ford group from 1999 until they were acquired by Geely in 2010. This means that realistically they’ll need to undergo both rapid filing and a patent acquisition program to get a portfolio big enough that they can use it against other OEMs or startups that come their way. They even hint at the possibility of an assertion program in the US. As the auto industry moves into an autonomous, energy efficient, and connected future, the IP strategies of the companies involved are evolving too.
- The Use of Blockchain in the eSports Industry
- China understands link between incentivization and innovation, but U.S. still has advantages
- Happy IP Day From WIPO!
- Apple’s Consumer Data Collection Patents Prove that Data Privacy Risks Are Not Just a Facebook Problem
- How is intellectual property valued when selling a business?
- USPTO issues 101 guidance limiting examiner ability to merely conclude elements are well-known, convention or routine
- Are fewer continuations the sign of a healthy patent system?
- Innovative Use of Patent Examiner Statistics Improves Efficiency and Strengthens Portfolios
- Director Iancu speaks of Wright Brothers as champions of innovation, not villains
- A Look At Facebook Patents Covering ‘Big Brother’ Data Collection Technologies
- Samsung facing $3 billion dollar lawsuit over patent infringement
- NH Judge rules ‘patent troll’ not ‘necessarily pejorative’
- America Needs an Eighteenth-Century Patent System
- VirnetX Awarded $502.6 Million in Fourth Jury Trial against Apple
- Why Fewer Patent Applications are Being Filed
- Microsoft Announces Shared Innovation Initiative Encouraging Industry Partners to Patent Collaborative Innovations
- HPI demonstrates new AR/MR haptic feedback technology with Microsoft’s HoloLens
- New Nintendo Patent Could Take Trading Cards to the Next Level
- Formula One patent ‘shoey’ celebration
- World IP Day 2018 – Report from the UK IPO
- Nokia pushes its licensing horizons further after another strong quarter
- The UK’s UPC ratification could well provide a clue as to how Brexit as a whole will play out
- Israeli startup litigating with Apple inks camera tech licence with Oppo
- Iancu is promising change, but only action will revive the US’s struggling monetisation market
- New Korean NPE seeks biometric security royalties from Samsung, Apple
- Not only has Samsung got the world’s biggest patent portfolio, it may also have the best, new IAM research finds
- Both the largest and strongest portfolio in the world: an exclusive analysis of Samsung’s patent assets
- France Brevets shifts its focus and raises prospect of attracting additional shareholders
- Despite patent pools comeback video compression market shows licensees still have much to consider
- Top Korean university expands assertion campaign against Apple; rethinks patent pool strategy
- Volvo Cars’ new IP head looks to turn iconic brand into a powerful patent player
- Ford tries to patent a car with autonomous electric motorcycle built in
Other Tech News
- T-Mobile and Sprint have finally announced a merger agreement
- Twitter also sold data access to Cambridge Analytica researcher
- Walmart retreats from its UK Asda business to hone its focus on competing with Amazon
- Snapchat launches Spectacles V2, camera glasses you’ll actually wear
- How Microsoft helped imprison a man for ‘counterfeiting’ software it gives away for free
- France’s BlaBlaCar acquires carpool startup Less in ongoing ridesharing consolidation
- Nintendo’s annual profit rockets by 500% after selling 15M Switch consoles
- MobileCoin, a cryptocurrency from the creator of Signal, just raised $30M for mobile payments
- Amazon’s new blockchain service competes with similar products from Oracle and IBM
- Amazon is reportedly working on a home robot
- Intel abandons Vaunt smart glasses project
- Netflix launches 30-second preview videos on mobile
- Adobe acquires voice interface platform Sayspring
- Car-sharing startup Turo raises additional $12M
- Elon Musk’s latest SpaceX idea involves a party balloon and bounce house
- U.S. companies banned from selling components to ZTE
- Google’s ‘Semantic Experiences’ let you play word games with its AI
- Uber acquires bike-share startup JUMP
- China’s SenseTime, the world’s highest valued AI startup, raises $600M
- WhatsApp boss Jan Koum to leave Facebook amid data scandal
- Rolls-Royce ignites industrial AI with new partnerships