In 2016 the dust is settling on the post-America Invents Act patent universe and a new normal is emerging. As ever, patent portfolio success requires patents that drive the desired business outcomes but the bar for success in this new reality is higher. Increased levels of diligence and preparation are required when entering litigation in non-US courts. More comprehensive licensing negotiation preparation is necessary. Patent portfolio maintenance fee costs are coming under close scrutiny. A global filing practice is a best practice in achieving patent quality. All these and more are influencing the day-to-day role of the team working to deliver business value from their IP portfolio.
One area that continues to challenge patent owners is the identification and demonstration of patent value. Technology advances mean that multiple and more sophisticated techniques may be required for demonstrating evidence of use. "Patent value is driven by validity and current or future use of the claimed invention being linked to a significant financial or strategic outcome," says Mike McLean, TechInsights' SVP IP services. "Proving patent value is the focus of TechInsights' IP business – researching the technology used in commercial electronics, identifying relevant patents, and mapping the claimed inventions to specific products."
Mike McLean, with twenty years of engineering and intellectual property rights management experience, continues as part of an exclusive group having been recognized in IAM's list of the World's Leading IP Strategists every year since it began. This is the fifth successive year of inclusion for Art Monk who has over 30 years of high-tech product and executive management experience and is a leader in portfolio analytics and patent brokerage.
"We are proud of the continued recognition of Mike and Art in the IAM Strategy 300 list," said John Day, TechInsights' Chief Executive. "Their leadership, experience and commitment to IP strategy innovation have been paramount in helping TechInsights' clients achieve ongoing value from their patent portfolios."
On June 2, 2016, TechInsights and Chipworks announced that they combined their businesses, creating a global leader in advanced technology intelligence and technology founded patent advisory services. The combined company has the scale and resources to advance the breadth and depth of its offerings to the global technology industry and to support owners of technology patents everywhere. To learn more, visit www.techinsights.com.
Mike McLean has twenty years of engineering and intellectual property rights management experience. Mike is the creator of TechInsights' IP Lifecycle methodology and service engagement model. Over his career, Mike has served as a strategic lead on numerous high-profile IP campaigns that have resulted in multi-million dollar agreements for clients.
Art Monk has a career spanning 35 years in high-technology business and managing patent divestment and acquisition transactions internationally. Art s a leader in portfolio analytics and heads TechInsights' patent brokerage business where he supports a global client base with patent acquisition and divestiture deals.
Intellectual Asset Management (www.iam-magazine.com ) is produced in London by the IP Media Group Ltd and reports on intellectual property as a business asset. Its primary focus is on how intellectual property can be best managed and exploited to create corporate value. The publication's core readership comprises senior executives in IP-owning companies, corporate counsel, private practice lawyers, attorneys, licensing and technology transfer managers, and investors and analysts.
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