Internet-based Intellectual Property Exchange: a review
Introduction:
There
is no denying the appeal of an Internet-based matchmaking apparatus for IP — a
place where technology transfer organisations (TTOs) can post their
technologies and where interested corporations can find the inventions they
need, resulting ultimately in a licensing agreement and royalty therefore. In
fact, the idea is so compelling that it has fuelled the creation of dozens of
Web-based IP exchanges in recent years. However, most of these efforts have
generated mixed results thus far. Nonetheless, potential buyers are doing some
shopping on these IP portals, and while challenges remain for the service
providers, many exchanges are working diligently to make the process easier for
TTOs — and more effective.
Background:
Many
universities, companies and entrepreneurs have IP that they are interested in
selling and/or licensing to others. Conversely, many companies and
entrepreneurs are seeking new technologies or processes, in the form of IP, to
purchase or license. Thus there is a requirement for those that generate
new technology and are looking for firms that are interested in licensing that
technology, or are looking for potential investment partners to take their
technology to the next stage.
Objective:
To connect those currently
holding intellectual property (IP) rights such as patents with those who are
looking to purchase or license IP.
Issues:
Developing
and Implementing an Effective IP Strategy: Intangible assets often make up over
50% of a company's overall assets, but few companies have developed a defined
IP strategy to allow them to manage and utilise these intangible assets. IP
departments are becoming more involved in business development so they must put
in place an effective IP strategy to avoid the risk of wasting valuable assets.
Which factors need to be
assessed in order to draw up your IP strategy?
What tools are available to
assist with strategy design and implementing it into an operational strategy?
How can and should you
communicate this strategy to the wider business?
Are you maximizing the Value of
Your Patents (IP Monetization)?
Presently
there are several IP Exchange existing round the globe and some of them are as
hereinbelow:
|
Name of IP Exchange
|
Information
|
|
iBridge
Network
|
www.iBridgeNetwork.org 800-573-5136
info@iBridgeNetwork.org |
|
SparkIP
|
www.SparkIP.com 404-477-2525
contact@SparkIP.com |
|
TechTransferOnline
|
www.TechTransferOnline.com 248-593-5926
info@TechTransferOnline.com |
|
TechEx
|
www.TechEx.com 800-529-5337
info@knowledgeexpress.com |
|
Yet2.com
|
www.Yet2.com 866-938-2266
info@Yet2.com |
|
The
Dean’s List
|
www.thedeanslist.com 312-327-4400
deanslist@oceantomo.com |
|
Flintbox
|
www.Flintbox.com 604-678-9981
support@Flintbox.com |
|
Intellectual
Property Exchange (IPEx)
|
|
|
|
|
|
|
|
|
Intellectual
Property Exchange International (IPXI)
|
|
|
Global
IP Exchange (IQPC)
|
www.iqpc.com
|
|
|
All of
the IP exchanges offer a marketplace where potential licensees can shop for
innovations, but each one has unique characteristics that may make it a more
suitable choice for a given TTO or technology. While pricing is always
important, it also pays to look at ease of use, name recognition, client base,
and the primary mission of the portal.
IP
market major problems and the role of IP Exchange:
|
IP Market Problem
|
IP Exchange
|
Result
|
|
Incomplete or insufficient market information
|
Detailed prospectus, published pricing, consumption
data reporting, bid/ask
|
TRANSPARENCY - enabling more efficient IP asset management and
R&D decisions
|
|
Arbitrary or unilaterally determined IP value
|
Market-based pricing reflecting the value of a technology
and increasing buy-side confidence
|
PRICE DISCOVERY – ensuring fair and reasonable pricing
|
|
Lack of standards, including course of dealing,
contract terms, and pricing
|
Standardized tradable license rights accessible to
all market participants
|
LEVEL PLAYING FIELD – accelerating technology transfer and innovation
|
|
Time and transaction cost inefficiencies associated
with bilateral licensing
|
Central marketplace with market enhancing solutions,
such as standard contracts, outsourced auditing, and alternative dispute
resolution processes
|
EFFICIENCY - providing easy access, liquidity, and increasing
transaction volume
|
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