Understanding the importance of an Organized Patent Portfolio
Understanding the importance of an Organized Patent Portfolio Managing and commercializing hundreds of patents in an unorganized portfolio can be a tough job. To maximize the value of your portfolio, it is essential to understand or rather visualize: What’s in your portfolio? What’s in your competitors for portfolio? Commercialization opportunities Portfolio segmentation, using multiple predefined parameters, helps in visualization of core and non-core patents, to make strategic licensing decisions about selling or buying of patents. Some parameters used for patent ranking are: Number of independent claims Inventive scope Number of citations Number of inventors Number of family members Legal status Remaining life of the patents IPC classification coverage Products covered /Industrial applicability Licensing potential Patent rankings help to identify strong patents having commercial value (or associated products). This in-turn can be used for ...