How many patent applications has your company filed today?
Facebook filed at least one patent application today, Oracle filed about 3, Google filed about 5, Microsoft and Apple filed more than 8 each, IBM filed nearly 30 patent applications just today. These are the recent averages per workday anyways. Currently Facebook has more than 450 pending applications, Google has about 3500, Oracle has 3700, Apple has 7000, and Microsoft has 30,000 pending applications. I picked these names to come up with the averages because these names have software heavy portfolios, the type of patents that have been feeling some pressure from both the anti-patent circles and from the Supreme Court – as has been amply covered by IPWatchdog.
If you are a typical new economy small tech company with software and internet centric technology or products, the number of patent applications your company filed today is probably zero. Of course filing and prosecuting patent applications is not cheap and that’s part of the explanation. However it is worth noting that most of the successful companies with software-heavy products, including those in the list above, have been filing patent applications from their very early days. An excellent recent article at IPWatchdog revealed that even an overtly anti-patent company such as Twitter has been indeed filing patent applications from its very early days and have been accumulating a large portfolio through further acquisitions. The fact is that patent protection is a hallmark of a successful innovative business, whether the product is software or not. So, it is startling to see the difference in attitude of the small innovators and the already successful large innovators when it comes to protecting their inventions.
Alternative forms of energy for the generation of electricity is a topic we focus on from time to time here at IPWatchdog. Recently, a team of scientists working at Ohio State University created the world’s solar battery, which includes a solar cell and a battery within a singly hybrid device. These batteries, which could achieve a length of charge comparable to other rechargeable batteries, achieves a cost reduction in utilizing solar energy of about 25 percent. It also reduces the need for any process of transmitting electricity from a solar cell to a battery, in which up to 20 percent of electrons are successfully transmitted to the battery.
We return to the patent databases of the U.S. Patent and Trademark Office to scope out recent innovation from Fujitsu in today’s article. In viewing Fujitsu’s recently filed patent applications, we saw a multitude of inventions in the field of information processing, whether for the analysis of computing processes or virtualization of computing resources on physical servers. A couple of biometrics innovations are discussed, including a system of electrodes meant to detect and prevent a vehicle driver from becoming drowsy. Methods for enhanced online classroom discussions are also explored.
In the past, researchers have developed an Ebola vaccine for monkeys and macaques, which are also affected by strains of the Ebola virus. The vaccine is so effective that many monkeys can be brought back to health even when injected with 100 times the lethal dose of Ebola after vaccination. However, with HIV, tuberculosis and many other diseases claiming more lives every year, research focus on Ebola has been low in recent years. So how long does it take a typical vaccine to go from concept to reality?
A large reason for these high costs is the incredibly high rate of failure during drug development. About 95 percent of all pharmaceuticals researched for use in humans fail to achieve the effectiveness and safety standards required for FDA approval, according to Forbes estimates. During 2013, the companies represented by PhRMA spent a total of $48.5 billion on research and development activities related to pharmaceutical drugs.
Another reason for the high costs associated with taking a drug to market is the fact that there is a complicated regulatory process. According to the Burrill Report , the rising costs associated with drug development can be explained, at least in part, due to regulatory barriers in place that slow approval and place many hurdles between the drug and the marketplace. “In the 2000s, that time grew to 13.5 years from just 6 years in the 1970s,” the Burrill Report explained.
Over the course of my legal career, I have had the opportunity to work at a small law firm, a mid-size intellectual property (IP) boutique, a large international law firm, and in-house at a startup company and two Fortune® 100 companies. During that journey, I have had a fair number of clients, staff members and managers, and have been fortunate to glean various nuggets of wisdom from my interactions with all of them. I now share those learnings – distilled into ten business-oriented rules – that in my humble opinion amount to excelling as an IP legal practitioner. While some of the following rules may sound a bit cliché, my explanations below are an attempt to craft them as powerful reminders that an IP lawyer is nothing without the clients/managers who are willing to pay their fee/salary. Thus, no matter whether your law firm billing rate is $200 or $1,200 per hour, or your in-house salary is $50,000 or $350,000 per year, these ten rules apply!
For the naysayers reading this, I will admit at the onset that there are differences in lawyering to a start-up versus an SME or even a large, multinational corporation. I further admit there are also differences in lawyering to entities that operate in different industries (e.g., automotive versus financial services). But these differences mainly involve specific legal knowledge and strategy, not in the general approach to lawyering itself. Now, onto the rules!
Yahoo! may not be responsible for the large amounts of intellectual property development seen with other companies featured in IPWatchdog’s Companies We Follow series, but we do always find many intriguing innovations when we look at the corporation’s recently filed patent applications. We were greatly interested in a trio of patent applications which are evidence of Yahoo!’s desire to build a social platform for achieving personal goals, including one application discussing the use of social and economic motivators to achieve goals. Other innovations included online advertisement improvements, including a method for presenting virtual billboards through a digital lens device, and methods for discovering relevant online content.
The patent portfolio of Yahoo! has increased in recent weeks, and we’ve selected a few of these inventions that our readers may enjoy learning more about. One patent protects methods of interacting with search engine results through keyboard inputs, improving on current methods which typically only involve mouse-based inputs. We found more patents regarding online advertising, proving that Yahoo! has a definite focus on helping advertisers sell products and services to users of the company’s Internet technologies. We also discuss a type of social network designed by Yahoo! for use specifically with mobile devices.
EDITORIAL NOTE: Charles Macedo will be a panelist at the upcoming 2014 IP Dealmakers Forum, which will take place in New York City from November 6 – 7, 2014. The program will bring together thought leaders who specialize in all aspects of IP procurement, asset valuation and monetization of patents. If you are interested in attending you can CLICK HERE to REGISTER.
Over the past year, patents and other intellectual property have received more and more attention. The Supreme Court last term issued six patent decisions, plus two copyright decisions and a Lanham Act decision. This increased interest is part and parcel with the importance that intellectual property plays in our nation’s economy. However, with all these new decisions, suggested and implemented legislative changes, and shifting public opinion, it is getting harder and harder to effectively source intellectual property acquisitions and investments, especially patents, as well as to conduct appropriate and effective due diligence in the process.
In this article, I summarize some of the key points I suggest a potential acquirer consider when researching the investment in or acquisition of patents for monetization.
But for us it is time for another check-in with Google’s recent innovations here on IPWatchdog’s Companies We Follow series, and software inventions from this major technology developer are abounding. We found a couple of patent applications involving technologies which present topics of interest to computing device users, including methods for activity planning to see a concert or an event. Another patent application describes a method of providing insight from local experts about an unknown destination. We were also intrigued by a method of presenting digital advertisements to individuals which is designed to encourage retail sales at brick and mortar stores.
Samsung, and especially it’s subsidiary Samsung Electronics Co., is responsible for an incredible amount of innovation. IPWatchdog’s Companies We Follow series turns now to scope out the recent technological developments expressed in recent patent filings assigned to Samsung and published by the U.S. Patent and Trademark Office. Recent patent applications show a focus on developing an array of mobile technologies. Below, we’ve shared technologies for adjusting device displays for left-handed users and improving the quality of experience when sharing content between devices. We also noticed an application disclosing an intriguing method for helping patients make better purchase decisions regarding health management devices.