I recently went through the most current AUTM (Association of University Technology Managers) licensing survey and made this pretty infographic for all of you.
A couple of trends in the data that I found interesting.
- A MASSIVE increase in startup failures. It seems TTOs are increasing more interested in startups versus licensing. Since basically forever there has been this divergence of goals between industry versus academic institutions. While Universities will always be grant centric, more focused on the R versus the D in R&D, and advancing knowledge, the movement toward startup creation is arguably a net positive shift that is much more market driven.
- Increased focus on patent coverage in foreign territories. I’ll come back to this one, but first…
Anyone else have any experience using infographic generators? Send me platforms you like and hate!
Now back to number two. Interest in foreign markets.
I mentioned in a previous blog post that we will soon be offering a series of market tear-downs, as well as portfolio tear-downs of the top IP generating academic institutions in the country for REX users. So I’d like to give you a little snippet of some of the information we uncovered in our first project which was analyzing the Princeton portfolio of IP.
First, we collected all of the Princeton University IP and put our machine learning/AI algorithm to work to organize the portfolio into technology “clusters”.
Just as an example, one of these technology “clusters” includes roughly 93 patents all in the same technology orbit.
Then for each of these clusters, we identified other organizations with overlapping IP (which patents specifically) in that cluster, and estimated expenditures/investment for each. This is where you get to see what topics, patent claims, are getting more international interest from academic research institutions to large corporations. The largest decision the owner of IP may face is whether to file a patent, and which jurisdictions to prioritize. It would likely cost (at least) $500,000 per patent to file for coverage around the world. So if you have a product with unique IP that you would like to sell around the world, you better make sure you are covered in all the key markets. Given the cost to file patents in jurisdictions around the world, this kind of actionable insight for determining a patent filing strategy is gold.
This information may otherwise be used to refine patent claims to ensure appropriate scope and coverage for an invention, and identify which company portfolios and universities have the most overlap with a technology cluster. We can’t wait to show you what we’re cooking up over here.
What else do you guys want to see in the reports?
Shoot me an email at april@gotorex.com.
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