Usually information related to patents was searched only for the purpose of drafting patent applications. But this trend has changed from the past few years. Patents are now critical instruments which would give any business entity an edge over the others. Due to technological advancement it is now very easy to access the informational sources and determine the new advancements in the field of patents. The knowledge and awareness of the emerging technology and inventions is critical to have an edge over your competitors today. Patent analysis plays a very important role in many crucial business decisions. It is basically done to:
Compare the strength of one company’s patent portfolio with those of their competitors
• Identify the loopholes in the patent portfolio for further research and development
• To prioritize the products for further research and development
• Recognize the new and prospective competitors in a particular sphere of technology or a particular business
• Identify new areas of research
• Identify if the scope of the patent would infringe any other patents.
• Observe the trends in patents.
The basic objective of patent analysis is to screen the inventions and to prioritize the opportunities. So that improved investment could be made with regard to the prioritized opportunities.
Parties
1. Business entities
2. Researchers
3. Patent advisers
Services
We provide the following services in this regard:
Report
We would provide you with a detailed patent analysis report. The report would consist of summary and a detailed analysis. Each report would contain the trend in technological advancements and would also depict the shift in the area of inventions and research. The report would include the descriptions of inventions, its significance, evaluation of the inventions and the problems these inventions have helped to solve. And the areas wherein the invention has not helped in solving problems and further investment would yield better returns.
Expertise
We blend business with law. Our team of attorney's at Biz and Legis has an in-depth knowledge of patent law and they also have a keen eye for spotting opportunities. This enviable blend of business and law gives us an edge over our competition. Our technical knowledge helps us to screen important inventions and our business insight helps us to prioritize these screened inventions to maximize your business gains.
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