Posts Tagged: "IP Bank"

Many large corporations are sitting on stockpiles of patents, which are not core to the corporations business but nevertheless represent an asset that could be useful if placed in the right hands. There are also startup companies that find themselves in need of patent rights to take next steps in business development, such as for the purpose of raising capital from investors. Into this fray enters a new institution called the Monument Bank of Intellectual Property. Rather than a startup going to the IP Bank for a loan, they can go to the IP Bank to acquire patents that can be used to build a portfolio or to supplement their already growing organic patent portfolio. The IP Bank is looking to strengthen startups and, in the process, enhance innovation and job creation.