TechPats Attends the 8th annual Patent Information Annual Conference of China (PIAC) Conference
TechPats was invited to the 8th annual Patent Information Annual Conference of China (PIAC) conference, held in Beijing, on Sept 5-6, 2017. The conference, hosted by Intellectual Property Publishing House Co., Ltd. ,had a goal to ‘”Bring Together for Better”, gathering delegates from IP offices, in-house counsels, IP attorneys, patent experts, as well as patent information service providers. The conference attracted more than 8,000 participants, 76 exhibitors, and included 78 speakers, making it the biggest IP conference in terms of number of participants. The message from Chinese IP industry leaders conveyed at the conference was that the country is moving from “made in China” to “created in China”, which signals an increased focus on patent quality, incentives for patent transaction and support for strong legal system.
While TechPats has been highly active in Asia, mainly in Japan and Taiwan, the company has started several successful programs for clients in China, bringing 20 years of trusted patent monetization and IP support services. This experience made TechPats uniquely qualified to speak at the conference’s Evolving Global Patent Monetization Market session.
Marek Wernik, President of TechPats Canada presented to an audience of hundreds of mainly Chinese patent professionals entitled: Staging Successful Patent Transactions in an Evolving Global Patent Monetization Market.
- Global patent monetization market trends, and
- Success factors in planning and executing patent transactions.
In the presentation, TechPats shared several insights from its years of being engaged in the global IP monetization market. Specifically, regarding Asia and China market, Dr. Wernik’s presentation pointed out that IP industry in Asia is quickly maturing when taking into account several factors, including the production of quality IP by corporations, government incentives for IP transaction, licensing and litigation activity as well as corporate willingness to buy and/or sell patents. While patent enforcement becomes challenging in the US, companies have started to consider other jurisdictions for defensive/offensive patent enforcement and China has become one of such jurisdiction, along with Germany and the UK.
Dr. Wernik’s presentation subsequently examined several representative cases of successful global patent transactions and demonstrated that successful patent transactions require strategic planning and solid due-diligence:
- Understanding the impact on own business and transaction partner business goals;
- Solid technical and patent due-diligence with validity assessment done early in the process;
- Business cases factoring global case law, encumbrances including FRAND considerations, risk factors, royalty discounts and fair market value.
To download the detailed presentation offered for this session, which include updated heat maps and other illustrations, click here.