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Significance of Patent portfolio optimization

Patent Portfolio Optimization (often referred as Patent pruning) is the process of regularly reviewing and selectively removing patents from a company's patent portfolio. This can be done for a variety of reasons, including reducing costs, aligning the portfolio with a company's current business goals, reducing legal risks and simplifying the process of Patent licensing and monetization of the patents.

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Significance of Patent portfolio optimization

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  1. SIGNIFICANCE OF “PATENT PORTFOLIO OPTIMIZATION” FOR AN ORGANIZATION?

  2. Patent Portfolio Optimization is a process of regularly reviewing and selectively removing patents from a company's patent portfolio. This can be done for a variety of reasons, including Reducing costs, aligning the portfolio with a company's current business goals, reducing legal risks and simplifying the process of licensing and monetization of the patents. Patent Searching | Research and Analytics | Patent Prosecution/Preparation Support | Litigation and E-Discovery | IP Valuation | Patent Portfolio Watch

  3. COST SAVINGS Maintaining a large patent portfolio can be costly, as it requires paying maintenance fees. By regularly pruning their portfolio, a company can reduce these costs by keeping only the patents that are most valuable to their business. Patent Searching | Research and Analytics | Patent Prosecution/Preparation Support | Litigation and E-Discovery | IP Valuation | Patent Portfolio Watch

  4. STRATEGIC ALIGNMENT A company's patent portfolio should align with its current business goals and strategies. Technology-wise distribution of possible pruning candidates helps in understanding value of technology subdivision within an organization and help in designing future goals and business plans. Patent Searching | Research and Analytics | Patent Prosecution/Preparation Support | Litigation and E-Discovery | IP Valuation | Patent Portfolio Watch

  5. SIMPLIFY LICENSING A cluttered patent portfolio can make it difficult for a company to monetize its patents. By regularly pruning Patent portfolio, one can uncover Potential financial opportunity by identifying enforceable patents that are buried within the patent portfolio. Patent Searching | Research and Analytics | Patent Prosecution/Preparation Support | Litigation and E-Discovery | IP Valuation | Patent Portfolio Watch

  6. PLANNING TO SEGREGATE YOUR PATENTS? Identify and protect patents that provide exclusivity and edge in the market over competitor’s product line. Keep Segregated List Identify and license out/ enforce those patented technologies that do not fall on the product line but are valuable from market standpoint and may result in potential financial gain. License Abandon patents that relate to outdated technology or discontinued product or have a weaker claim set that is prone to invalidation. Abandon

  7. Patent Portfolio Junk VALUABLE PATENTS Patents Optimization POTENTIAL Enforceable TARGET Patents COMPANIES Futuristic Featured in Technology Product

  8. REACH OUT TO US… IIPRD is a premier and well-established Intellectual Property (IP) Asset Management Firm focusing on Comprehensive Patent Support Services ranging from Patent Searching, Patent Prosecution/Preparation, to Litigation/Licensing Support Global Corporates and Law Firms. We can be reached at iiprd@iiprd.com and our details can be seen at www.iiprd.com.We can also be reached at +91-120-4296878 or + 1-202-600-4308 Offices Washington DC | New Delhi | UAE | Noida | Pune | Bangalore | Mumbai | Chennai | Hyderabad | Indore | Jalandhar South Asia Offices: Sri Lanka | Malaysia | Bangladesh | Vietnam | Nepal | Myanmar | Indonesia Patent Searching | Research and Analytics | Patent Prosecution/Preparation Support | Litigation and E-Discovery | IP Valuation | Patent Portfolio Watch

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