Patent Life Cycle Management New Concept: From Application to Monetization
Technological advancements inevitably have an impact on businesses, that need to adapt in order to survive new challenges and competitors.
It goes without saying that patent management — as a key component of many businesses — should also be proactive and accommodate market changes.
In recent years, in fact, IP experienced a shift from a mere legal matter to a strategic tool, becoming:
- An essential element of corporate policies;
- One of the main sources of corporate advantage.
It was just a matter of time, therefore, before patents became part of a bigger picture — just as it happened with products before — that encompasses more than just prosecution.