What is in this article?:
- New Intellectual-Property Exchange Streamlines Patent Trading
- Unit-License Rights
In the R&D industry, where innovations build on top of other innovations, obtaining patents to protect intellectual property is of the utmost importance.
It is critical to ensure that patents being are utilized, especially within big corporations like IBM Corp. (IW 500/10) or organizations like the U.S. Navy. Not only do patents protect newly developed products or processes, they contribute to unrealized value creation, or assets that can be explored and sold.
The latest development besides one-on-one deals and patent auctions is IPXI, the newly formed IP exchange created after the successful Carbon IP Exchange model. IPXI, the Intellectual Property Exchange International Inc., is the world's first financial exchange focused solely on intellectual-property rights.
Some major companies like Philips (IW 1000/118), Ford Motor Co. (IW 500/6) and Sony Corp. (IW 1000/33) already have signed up as corporate founding members and will begin trading in the near future.
Since its formation in December 2011, 27 organizations have joined the IP exchange, representing innovative companies with substantial IP assets in various technology markets, three Department of Energy national laboratories, top university research institutions and a community of leading IP law firms.