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The emergence of an IP marketplace
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Transcript of The emergence of an IP marketplace
The emergence of an IP marketplaceJames Nurton, Managing Intellectual Propertywww.managingip.comwww.managingip.cn
Today’s technology
Trends in IP and technology
Rapid advance of technology
Investment in IP rights
Development of global trading
Emergence of new business models
Challenges posed to IP system
Global trends in IP filing
Source: WIPO
Globalisation
Patent applications in Asia and EPOEvolution of filing figures (2000-2010)
Source: EPO
East Asian filings at EPOEvolution of East Asian filings at the EPO (2000-2010)
Source: EPO
IP exploitation strategies
Protect innovation
Licensing/cross-licensing
Standards and patent pools
Litigation threats - IP trolls
Patent poker
Growth of global licensing
Source: WIPO
Recent patent-related deals
Motorola Mobility - $12.5 billion
Patents sold in auction - $4.5 billion
Patents for sale - estimated $3 billion
Smartphone patent wars
Considerations for acquirers
Quantity of IP rights
Quality of portfolio
Leverage with competitors
Compatibility with strategy
The new IP marketplace
Private deals
Standards-setting bodies
(Public) auctions
Dealmakers - IP brokers
Problems posed by IP growth
Backlogs/delays
Difficulty of accessing information
Challenge of valuing IP assets
Need for patent law reform
Competition concerns
How to overcome the barriers
Greater transparency
More cooperation
Harmonisation of laws and practices