Patent mining is rather
like real mining: it involves sifting through lots of raw material
looking for unknown - or extracting known - items of value.
Patent mining can help the business
developer identify new business opportunities in two basic ways:
1. Patent mining
of public patent databases
Searching for trajectories
in technology, patterns in R&D, technology relationships and
other meaningful trends can yield substantial dividends. Patent mining
can lead to, or support, business development by:
- providing competitive
- identifying potential
merger and acquisition (M&A) targets and opportunities;
- influencing research
and development (R&D) strategy; and
- predicting and
exploiting emerging technology.
There are some companies
who have developed specialized software to perform statistical analysis
of patent records. With millions of patent documents containing a
vast amount of technical information, a computer-aided quantative/statistical
analysis can be very useful in identifying trends. When combined
a qualitative/content analysis based on technical knowledge and rational
patenting experience, a fuller picture of these trends is produced.
Patent08 can help you
use patent mining to illustrate competitive trends and to identify
2. Patent mining
in one's own portfolio of patents
Looking for "Rembrands
in the Attic" - unused or underutilized patents - can result
in new revenue streams from the sale or licensing of these assets.
Looking at the patent portfolio from the outside in, patent engineers
from Patent08 provide a comprehensive analysis of licensing opportunities
including, where appropriate, valuation. Equally important, a third-party
review of the portfolio can help to identify patents of no value
that add only cost to the bottom line. A periodic cleansing of the
portfolio saves money and helps to keep the focus on productive patents.
Let Avvika AB do the
mining for you. Using a combination of technical, legal, business
development, and commercial licensing expertise, Avvika AB is uniquely
capable of identifying business opportunities. Avvika AB can also
help you improve your own mining operations.
Contact Avvika AB to see
how Patent Mining can create value for you.