Monday, June 1, 2020

USPTO - Patents 4 Partnerships - A New IP Marketplace

On May 4, the USPTO launched an intellectual property (IP) marketplace Patents 4 Partnerships. Initially, the marketplace will focus on patents and applications related to the COVID-19 pandemic.

Privately run IP marketplaces have been not been very successful, but the USPTO doesn't take a commission so this would reduce transaction costs (e.g., broker's fee 30%) . Further, the USPTO, unlike a private marketplace, may have more time to grow the IP listings to attract buyers/licensees.

For details see Anthony Trippe's Forbes article: Companies Miss Out On Billions In Value, New Patent Marketplace Could Change That.

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