Generating Value From Patent Assets Through Monetisation
Patent portfolios are valuable assets that can provide important leverage to supplement the revenue-generating activities of an organisation. However, developing programmes to realise value through the monetisation of patent assets can be challenging, time-consuming and bring uncertain outcomes. Building organisation strategies around aligning goals, curating and optimising the patent portfolio and fairly valuing these assets are critical starting points for successfully managing patent portfolios.
The effectiveness of the programme will be measured against a wide range of objectives and indicators. Building a team with both internal and external support aligned around common objective metrics and related compensation models improves the likelihood of meeting objectives. Further, defining success across a variety of metrics will add clarity to the programme.
Source: Law Business Research