Getting the most out of your IP - patent management along its life cycle
Journal
Drug Discovery Today
ISSN
1359-6446
ISSN-Digital
1878-5832
Type
journal article
Date Issued
2012-03-30
Author(s)
Abstract
Effectively managing and optimizing the value of the patent portfolio is a major challenge for many firms, especially those in knowledge intensive industries, such as the pharmaceutical, biotechnological and chemical industry. However, insights on effective patent portfolio strategies are rare. Therefore, in this article we investigate in detail how firms successfully manage and optimize their patent portfolios to increase their overall competitiveness. We discover that successful patent portfolio management is rooted in managing the patents along their life cycles. Based on the findings of ten case studies, we develop a holistic patent life cycle management model reflecting five distinctive phases of patent management: explore, generate, protect, optimize and decline. We conclude with how our findings can be used in practice.
Funding(s)
External technology exploitation - Involvement of technology market
Language
English
Keywords
Intellectual Property Management
Patent Management
Portfolio Management
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Elsevier Science
Publisher place
Amsterdam
Volume
17
Number
7/8
Start page
281
End page
284
Pages
4
Subject(s)
Division(s)
Eprints ID
209379