During the commercialization process for new technologies, there are many ways to leverage intellectual property (IP) data through analysis. Many professionals use patent search tools, but miss key insights. We’ve compiled nine specific ways you can use this data.
At a high level, looking at IP data sets, such as, patent assignments, licensing agreements, and licensed patents, insights can be leveraged to:
- Find potential partners
- Refine licensing deal structures and terms
- Go into negotiations better prepared
- Validate your patent valuation method
Specifically, Patent assignment data offers insights that many times goes ignored by professionals. You can:
- Scan patent assignment data for active participants with recent transactions around your specific technologies groups. This way, you can find companies that might be interested in your technologies.
- Investigate patent assignments of Universities with recent transactions in your technology sector. This can reveal who they did business with, and point to potential partners.
- Review patent assignments to shed insight into the specific technologies that companies are transacting.
Agreement data also offers insights that may not always be initially understood by professionals. While you may understand that you might be able to identify royalty rates, don’t miss these other equally valuable insights:
- Research your potential partner’s license agreements. You can gain insights into how they construct their transactions.
- Evaluate agreements between universities and their partners for insights into clauses and values that may benefit the negotiating process.
- Research agreements by sector or industry. This can offer insights into the industry’s most advantageous or relevant clauses and structures.
Patent License Agreements
Licensed patent data improves professionals’ research process in three additional ways:
- Analyze comparable licensed patents to help validate your patent valuation method by finding evidence of similar market rates.
- Review patent license agreements that were structured around similar technologies. Use this data to refine deal terms and take into account similar risk factors.
- More easily identify licensing partners based on similar licensing transactions.
Ultimately, researching IP data can provide insights to strengthen the commercialization of technologies. If your team is interested in learning more about methods to research IP or how to further apply these insights into your strategy, contact ktMINE.