Provide timely updates about new technologies coming in the domain. Regular updates of the IP helps in predicting the strategies. Constant updates of IP for a particular technology for being updated about new inventions/ entrants in the domain. Regular updates on market activities for identifying monetization opportunities.Watching technical areas for any new filings and segregating publications based on smaller technical areas or by any applicants
The client is a prominent leader in Medical Devices, headquartered in the Europe. Their products contribute to the healthcare industry globally.
The client wanted improvisation in few of their existing products and were seeking new technology to address specific challenges during implementation. They were interested to monitor patents, scientific publications and latest news relevant to their technology of interest. The client also wanted to study products present in the market and in pipeline. They wanted a comprehensive State of Art analysis of the complete technical updates occurring in their area of interest, including detailed analysis.
To identify any patent, non-patent and product references related to specific technology of interest.
Performing a preliminary research to gain an overview of the technology landscape and understanding of the domain. This involves preparing search strategy using various Term Sets and Classes to capture patents, articles, products and news. This included determining citations, major players in the domain (from both patent and secondary market searches). Further updating searches to add relevant information determined during preliminary searches.
According to the search and analysis shared by Sagacious, the client was able to determine technology upgrades in upcoming products by some emerging players in the domain; and further requested Sagacious to refine the search scope to those specific technical upgrades. They were further able to determine implementation of specific improvements in their technology and collaborate with inventors working on that.
Time for quarterly technical updates: 30-34 hours/update – involving 1 analyst and 1 project manager
Technical monitoring involves keeping a regular watch on new patent/non-patent literature published in a particular technical area.
Technical monitoring is conducted to stay updated about new inventions filed in the domain, new products launched in the domain, and also see how the trends in the industry moving. Besides, such monitoring can also be done to keep a watch on competitors’ activity and to know about the new entrants in the domain.
Technical monitoring generally costs approx. $1300-$1500 for monitoring a domain annually.