The Elephant in the Room

Intellectual Asset Management has published the article “The Elephant in the Room” by Opperman, Craig P. The article focuses the skyrocketing cost and bloated patent portfolio of American Corporate, Low quality, Marginal relevance, and the process to overcome the same issue e.g. File far fewer applications, clean out that Junk and changing the culture of patenting the all.

Following is the excerpt cited from the article – Fundamentally, patents are assets. Their primary purpose is to protect the innovations underpinning company business. They should be able to function as barriers to entry, withstand competitor scrutiny and, if needs be, survive the rigours of a multimillion-dollar lawsuit. In theory, patents should be robust and valuable assets. In practice, however, the numbers suggest that today’s US patent portfolios, while not quite toxic, are performing poorly.

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InnovationQ – Patent Management Tool

IP.com has new intellectual property management software, InnovationQ. The new InnovationQ 3.2 features a new graphical user interface plus two new modules. In addition, several new features are incorporated into this release.

The main feature of the software is follows:

·         Document storage and organization

·         Roles based access control

·         Legal Safeguarding

·         Full text search

·         Document event tracking

·         Document review

·         User tagging

·         Support for Multiple Languages

·         Document event alerts