Wednesday, 14 October 2020

What is Patent Mining?

Below I share an excerpt from an article on patent mining that I recently wrote.

Patent mining is a term used to describe the process of managing and monetizing patent portfolios by identifying, categorizing, and prioritizing assets within an organization. 

Firms use this process to identify which patented technology within the organization appears to be the most valuable asset to license or to sell in order to generate revenue. 

The patent mining process also includes the identification of patentable inventions or ideas within an organization for the purpose of prioritizing the idea for filing patent applications.

Firms also use the process to identify acquisitions that would strengthen an existing patent portfolio.

The objective of patent mining is often to pinpoint from a large patent portfolio, the highest-rated patent, and those with the best claims.

Jumoke Odepe is a legal writer.

The blog by Active Pen is published to serve as general information only. It is not legal advice or a substitute for legal advice on any subject matter. The reader should understand that reading this blog does not establish any advisory relationship between the blog publisher and the reader.

PC: Colin Behrens, Pixabay

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