The large patent portfolio doesn’t get a large return on investments. What needs to be done is patent portfolio management.
ExpertLancing team assists its clients in identifying/mining patents that provide a huge return on investments either through licensing or litigation. Patent portfolio bucketing & ranking enable companies to manage their large portfolio and gain greater insights with respect to a particular technology domain.
ExpertLancing’s patent mining service follows a thorough methodology through which we have successfully assisted many of our clients in assessing their patent portfolios in order to evaluate opportunities and risks associated with the patents. in strategizing their business goals. For your reference, mentioned below is our customized process:
- Technology-Based Categorization – The service method involves bucketing each patent in the portfolio using technology or product-based categorization.
- Identifying STAR Patents – The service involves manual screening of each patent in the portfolio in order to shortlist the Star Patents in the portfolio. The service outcome provides ranking for each patent in the portfolio in view of probable licensing opportunities as high, medium, and low. The qualitative and quantitative parameters considered by our proprietary ranking models are shared below:
- Quantitative analysis based on quantitative parameters, such as forward citation, number of independent claims, claim length, etc.
- Qualitative analysis based on qualitative parameters, such as readability of claim(s) on a product/service features, broadness of patent claims, specifications enablement, number of alive members in the patent family, number of office action responses, market segment and size, etc.