Medical device technology is one of the biggest industries in health care, and growing demand for state-of-the-art consumer medical devices is driving this explosive growth. It’s an industry that is becoming a high-volume consumer electronics market in which technical innovation, cost control and IP are critical to commercial success. It’s also a very competitive industry and succeeding requires staying informed on the best practices for product development, marketing, sales, financing, IP management and licensing.
Licensing is a flexible strategy that offers many options. One of those is using it to capitalize on new growth opportunities without spending lots of time and money. Recently a company with natural health products wanted to expand its business but didn’t have the financial resources to support its growth plans. So the company split its product IP into two separate entities, and then used licensing to fund its expansion plans .
Your business carries insurance for its products, worker comp, property and executive liability. But what about its most valuable asset-intellectual property? It isn’t covered under your general business liability policy.
For most businesses today, IP is critical – its the core asset for current and future revenues and shareholder value. Getting caught in an infringement litigation case can be a financial disaster. Especially if you’re a small business or startup.
Fortunately, there is a way to way to manage the costs of IP litigation without breaking the bank. It’s called Intellectual Property Insurance.
Uber has launched a patent purchase program. It’s called UP3 and it’s designed to speed up their ability to buy patents. The program is similar to the one offered by Google last year. It’s set up to simplify the complicated process of buying and selling patents. According to Uber, the […]
High-frequency trading. Quants. Algorithms. Hedge funds. These are all terms you hear about in the world of Wall Street. But what do they mean? And what’s behind them? The answer is invaluable intellectual property that’s worth hundreds of millions if not billions of dollars. It’s the algorithms that the investment […]