Raise Capital: Obtain funds without selling or licensing your patents. Flexible Financing: Explore various financing options, including loans or bonds backed by your IP. This strategy is extremely useful for companies looking to fund innovation or expand operations while keeping their patent portfolio intact. Step 4: Reduce Patent Portfolio Maintenance Costs kiribati b2b leads Managing a large patent portfolio can quickly become financially draining, especially if you have patents that no longer align with your business goals. One of the most effective ways to optimize your patent portfolio management strategy is to reduce maintenance costs. By strategically leasing patents that no longer generate value, you can save significant amounts of money and reallocate those resources to more profitable ventures.
1. Patent Cutting: Cutting the Dead Weight Patent pruning is a crucial step in maintaining an effective patent portfolio. This involves identifying patents that are no longer relevant to your value and allowing them to lapse. Holding on to underperforming patents not only ties up financial resources, but also draws attention to patents that could generate revenue. Questions to Consider When Pruning Patents: Does the patent cover outdated technology or processes? Has the market shifted, reducing the demand for this patent? Is maintaining this patent still in line with your company's strategic goals? By eliminating low-value patents, you can focus on those that offer the highest potential for patent portfolio monetization.
Business or have minimal market
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