NewswireToday - /newswire/ -
Lafayette, IN, United States, 2008/05/01 - Intellectual property consultants at AmiCOUR International recently completed a study benchmarking corporate approaches to driving value from large patent portfolios. The study identified new best practices for intellectual property management.
AmiCOUR International today announced results of a study proposing an overhaul of the way major corporations and institutions manage large portfolios of patents. The company has published its findings in a whitepaper which outlines how new labor saving approaches to managing patent assets can generate new revenue sources from existing intellectual property assets.
“We decided to build a financial model showing the expected costs, revenues and returns related to intellectual property management,” stated Ray Throckmorton, the company’s Executive Vice President. “The key to generating a positive return from a patent portfolio is managing the investment necessary to discover the most promising patent licensing opportunities.”
Company President Scott Bechtel agreed, stating, “Almost any portfolio should contain enough viable licensing opportunities to generate $100,000 or more per patent per year. We saw ratios well above the $100,000 benchmark by examining publicly and privately reported licensing revenues and then comparing patent counts. These are technology centric organizations successfully practicing the licensing business model. Some of the technology development companies we reviewed had extraordinary profitability ratios, and their share prices reflect this.”
AmiCOUR’s recommended approach begins with a low labor cost solution to select only the strongest patents. These selected patents are then examined using advanced software tools that begin to reveal licensing candidates. The model shows that a portfolio of 1000 patents may be economically reduced to the 50 strongest patents, and then these patents may be computer analyzed to identify potential opportunities for the company licensing executives to investigate and pursue.
“The selected patents will be read by the computer,” Throckmorton explained, “and the software will then find candidates and related publications that are most similar to the technology described in the patents. This approach has taken 90 percent of the labor costs out of the licensing analysis step, permitting licensing professionals to focus on the most important areas of the process.”
The company’s executive team will be presenting its findings in a workshop on intellectual property management at the Licensing Executives Society 2008 Spring Meeting & LES International Conference in Chicago on May 6, 2008.