According to research from financial services provided American Express, U.S. historical data show that only a small fraction of commercially viable IP is being monetized. In response to this pessimistic finding, they have created an Intellectual Property Zone (IP Zone) designed to promote the advancement of the intellectual property (IP) marketplace, including patents, trademarks, software and other IP products. Read the rest of this entry »
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The TED 2011 conference was held last month in Long Beach, California and a selection of featured talks has recently been posted on-line. As usual, the presentations do not disappoint, with plenty of inspiration to invent and connect. Here are a couple of highlights. Read the rest of this entry »
A previous post discussed the process individual patent owners could take when looking to sell or license their patents. Legal issues are also a big concern for companies endeavoring for increased openness. Here are some words of wisdom from the experts.
Don’t Ignore Licensing
Patent lawyer Patrick Anderson writes that in order to embrace open innovation, businesses need to “embrace technology licensing as a legitimate business in and of itself, and dropping the ridiculous notion that owners of IP shouldn’t receive credit for innovations they don’t personally commercialize.” Particularly for small businesses, licensing has the advantage of requiring less up front cash and putting some of the risk on the patent owner. Read the rest of this entry »