As a Founder and Managing Director, Bikram plays a key role in the day to day operations and formulating strategies for smooth execution of research assignments. Bikram is also responsible for client acquisition and client engagements in Asia pacific region. Bikram helps global technology companies monetize their IP assets through automated tools and helps them generate more value out of their IP. He has the expertise of assisting clients on a wide range of technologies such as Semiconductors (circuits and processes), Wireless Technologies, Memory Devices, Cloud Computing, and Consumer Electronics.
Bikram has been advising several Global 500 clients in effective patent portfolio optimization and competitive benchmarking analysis to help them understand their position in the industry. Bikram has extensive experience in assisting clients on high stake US, Japanese and Chinese patent litigation cases. Recently, Bikram has been actively involved in advising clients on new product development strategies and technology Landscape studies.
Isn’t that something a lot of businesses are struggling with?
Here is how you can make money from your IP:
#1 Selling patent portfolio:
Doing this can also make you money. If you are looking for cash, selling your patent portfolio is one of the best options. You need to calculate the value of your patents before trying to sell it. Microsoft bought 800 patents from AOL for $1.1 billion in 2012.
#2 Co-development:
Get into a partnership with a company that might be interested in the creation of the IP. You need to discuss the scope of the partnership, sub-licensing and subcontracting rights, royalty rates, etc. It is great to distribute risks and use each other’s resources when you don’t have the required arsenal on your side.
#3 Licensing:
There are businesses that license their intellectual property assets in non-competing industries to retain their market advantage. Licensing agreements between competitors also spell goodness for everyone involved. The IP owner retains control and the licensor gets to use the IP by paying a royalty.
#4 Creating new products:
The most obvious solution to making your patent a cash cow is to create innovative products using them. Find out the opportunities that exist in your market & see if your patent can be used to make such products.
#5 In-licensing:
Licensing third-party patents to create commercial products is one way you can earn money. You can find patents that serve a different industry and apply them in your market.
#6 Spin-out:
In this, marginally used IP is moved to a different company. Sometimes new companies are established just to use the IP. Why? A new company might be able to use the IP effectively. It may also lead to new investments.
#7 Securitization:
IP assets like trademarks, patents, etc. have always commanded the respect of investors. Like any form of property, IP assets can be used as collateral.
#8 Sale-Leaseback:
If you are looking for cash and are planning to sell your IP, although you still want to use it, then get into a sale-leaseback arrangement.
With all that said, you need to have a broad strategy with short and long-term goals that will give you a sense of direction. Connect with us to discuss options for monetizing or registering your intellectual property.
