Digging for Diamonds at the EPO
Posted on Wednesday, October 21, 2009
Money-saving patenting tips brought to you by the Patent Penny Pincher
It's time to stake your claim in the field of IP Valuations.
Up for grabs is IPscore, a FREE IP Valuation software...
Yes, you heard it, for FREE!
The generous host is none other than the European Patent Office (EPO).
Get More from your patents with IPscore
IPscore is the EPO's patent evaluation software, acquired from the Danish Patent Office who developed the tool in collaboration with industry.
IPscore helps users generate both qualitative and quantitative evaluations of the patent(s) or technology they wish to analyse. In particular, IPscore creates a financial forecast by using tried and tested assessment factors (in total 40 factors)
Furthermore, after feeding the IPscore software with the relevant information needed for the IP evaluation, the software also provides a number reports which reveal different dimensions of the qualitative evaluation and the financial forecast. These reports include a Radar profile, a Strategic profile, Net present value, and four graphic Charts which visually assist interpretation of the evaluations.
The various reports, charts, and financial values will provide the interested parties with an overall view of the assessment factors and is useful for dialogue and for interpreting how the different categories of assessment affect the value of the patent.
Why Should I Use IPscore?
By using IPscore, applicants, technology transfer institutes, banks and venture capitalists, to name but a few, will be able to attach a value to the intellectual property they're dealing with—whether it be in the form of licensing agreements, financing arrangements, mergers and takeovers, or even enforced valuations.
For example, if you're an inventor or business with its own patents, you can use IPscore to evaluate your individual patents, patented technologies, R&D projects (even if no patent exists yet), or any other ideas (know-how) or proposals.
If you're business owner or CEO, IPscore can help you align your company’s patent strategy and make the best use of your patents as a business tool.
In general, IPscore is a handy tool for evaluating your patents & technology by giving you a number to work with, allowing for strategic IP dialogue within your company, as well as providing a guide for spotting prospective growth and chances to save costs.
In addition, once you have a value linked to your technology, it will be easier for you to negotiate license agreements, make investment decisions, or obtain public funding.
And of course, it's FREE!
Learn More or Get Started Now
IPscore is a Microsoft Access-based tool, which can be effortlessly downloaded from the EPO website.
In addition, the EPO supplies training in the form of an introductory 30 minute IPscore presentation as well as a two day Patent Evaluation Training Course (hurry, the next one starts on the 16th of November 2009, Vienna)
Don't be red-faced next time you meet with your banker, licensee, accountant or investors.
Join the diamond rush and get your own patent evaluation now with the immaculate IPscore.
EPO IPscore Mini-site
Video Introduction to IPscore
IPscore Forum
IPscore Manual
Photo by David Boyle
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