Effective patent portfolio management is the key to leveraging inventions in order to increase business value. Patent portfolios that are full of high-value patents not only unlock a new revenue stream, but also help companies establish as market leaders.
A well-crafted portfolio largely contributes in fulfilling company objectives such as establishing the market position, protecting research and development projects, revenue generation, and facilitating advantageous cross-licensing or settlement agreements.
Patents are not static rights; they require periodic review and maintenance to optimize their value to an entity. Once the portfolio is established, patent re-balancing and pruning benefit businesses in maintaining an active and successful portfolio.
A Targeted Approach for Patent Monetization
Most established businesses have thousands of patents to manage, but it’s difficult to determine which ones are vital for their business and have strong potential. Businesses with competitive targets require a robust patent portfolio management strategy.
Sagacious IP has developed a methodology known as F3 Analysis, using artificial intelligence and manual expert analysis to help companies evaluate their patents and place them into different categories in terms of potential. It deals with entire portfolio management, which involves categorizing patents based on technology and importance to the client, identifying monetization, and pruning opportunities. Also, it offers full clarity into the portfolio and is often used to have an edge over competitors. By removing obsolete technology, the cost management and savings help businesses plan for future technology. Essentially, the method aims to deliver macro level insights, while ensuring to make each patent valuable.
The F3 Analysis model helps companies categorize their patents into three major categories:
1. Fundamental Patents (used in their current products or infringed by their competitors.
2. Future Patents (patents that may be used in future products by them or their competitors)
3. Fringe Patents (not directly relevant to them or their competitors and can be monetized to generate revenue or abandoned to save IP budget).
The F3 Analysis model is currently deployed in U.S., European, Japanese, Korean, and Chinese companies with over 100,000 patents across the globe.
Our unique F3 Analysis model also received the Outstanding Product/Service category award at the prestigious 2019 Global Business Excellence Awards, for helping companies manage their patent portfolios effectively by boosting a mix of Artificial Intelligence and manual expert analysis.
Patent your innovations with Sagacious IP
For more than a decade, Sagacious IP has been innovating new products and services based on its client needs. This innovative concept has resolved one of the most critical business challenges for any organization with a large patent portfolio. It has made it possible for many companies to get a grip on their portfolio and has helped them generate USD 130 million over the past couple of years by monetizing unused IP while helping them save USD 30 million in maintenance fee payments.
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