Colleagues,
Intriguing article on the increasingly important role that patents and other forms of Intellectual Property (IP) are playing in today's international economy from
Portfolio.Com ... We have a number of MedTech-IQ members that are part of this emerging IP market ... I would be interested in their opinion of this article ...
...
A recent flurry of deals and disputes involving technology companies including
Microsoft,
Amazon.com and
Apple demonstrates the growing role of
patents ... in an industry that relies on innovation for competitive advantage...
...“There’s more awareness of patents as an asset class,” said
John Amster, a former executive at Intellectual Ventures who now heads up RPX, a San Francisco, California-based firm that buys up patents on behalf of technology firms...
... Patent deals are being fueled by rising recognition that the industry
is too complex for a pure do-it-yourself strategy ...
...“No company can build everything on its own anymore,” said
Marshall Phelps, the industry veteran credited with developing
IBM’s patent portfolio into a multibillion-dollar business before leading Microsoft’s efforts to establish its own patent licensing business ... since launching its intellectual property licensing program in 2003, Microsoft says it has entered into more than 600 technology licensing deals...
... Large patent aggregators such as Intellectual Ventures, founded by
former Microsoft exec Nathan Myhrvold, are also playing an increasingly prominent role in the tech industry. Intellectual Ventures has acquired a huge pile of 30,000 patents from individual inventors, universities and businesses, which it turns around and licenses to tech companies...
... “We’re continuing to see the growing evolution and legitimacy of the IP
trading market,” said Ron Epstein, CEO of IPotential LLC, a patent brokerage, and former director of licensing for chip giant Intel. “Patent purchasing has become absolutely an accepted and required part
of portfolio development strategy.”...
Read on at:
http://www.portfolio.com/companies-executives/2010/03/10/the-role-o...ENJOY!
CC