tag:blogger.com,1999:blog-5574479.post6272553231670077397..comments2024-03-28T16:45:51.051+00:00Comments on The IPKat: Banking on IP? Apparently not, UK Intellectual Property Office study findsVerónica RodrÃguez Arguijohttp://www.blogger.com/profile/05763207846940036921noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5574479.post-90202270400172505312014-04-03T13:42:22.550+01:002014-04-03T13:42:22.550+01:00The IPO have now published their official response...The IPO have now published their official response to Banking on IP. <a href="http://www.ipo.gov.uk/ipresearch-bankingip-2014.pdf" rel="nofollow">http://www.ipo.gov.uk/ipresearch-bankingip-2014.pdf</a>Ian Goodyerhttps://www.blogger.com/profile/00250161691890224407noreply@blogger.comtag:blogger.com,1999:blog-5574479.post-69440740638527806412014-01-02T18:37:27.969+00:002014-01-02T18:37:27.969+00:00That's a valid point - I suppose in the instan...That's a valid point - I suppose in the instance of a prospectus, any changes to the scope of a patent would constitute a material change that would have to be disclosed to investors by way of the Annual Information Form. It's evident that significant hurdles remain to be surpassed in the context of intangible asset finance, but given that intangible assets now constitute close to 82% of market value, it occurs to me to be more important to address those shortcomings by way of ongoing reforms rather than forgoing that route altogether - in my opinion leaving the banking world without material facts on the underlying IP when it assumes a lion's share of the value of issued securities is closer to bamboozlement than cross-disciplinary best efforts to provide parameters of value.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5574479.post-820405903893407462014-01-01T11:17:43.060+00:002014-01-01T11:17:43.060+00:00Taking the example given by graces7 of stock price...Taking the example given by graces7 of stock price being correlated with number of citations, such an analysis would not for example take into account scope of claim. So as claim scope changed how would that reflect in value of a patent/patent application? It would be dangerous to simply set up an artificial system of valuing and trading IP based on key parameters. Yes, you may bamboozle the banking world for a while, but it would inevitably collapse.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5574479.post-46878048630378724482013-12-31T16:21:14.641+00:002013-12-31T16:21:14.641+00:00Peer-reviewed data exists directly linking the val...Peer-reviewed data exists directly linking the value of underlying intellectual property to economic value (see NYU's Baruch Lev in the Financial Analysts Journal, "Science and Technology as Predictors of Stock Performance"). This is only one example, but offers a reliable correlation between the number of citations a patent has and its stock value. IMHO, what needs to happen is a meeting of the minds between the financial and legal communities to translate this data into a medium the broader investment community can understand (i.e., prospectuses).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5574479.post-17636344349077200722013-12-30T12:45:06.769+00:002013-12-30T12:45:06.769+00:00I find it interesting that the naysayers immediate...I find it interesting that the naysayers immediately look to the negative of patent holdings (no value).<br /><br />Look at some recent US sales of potfolios: the IP was sold in the mega millions.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5574479.post-63240655331427973242013-12-30T10:24:25.708+00:002013-12-30T10:24:25.708+00:00While litigated patent claims may often be found i...While litigated patent claims may often be found invalid, only a tiny fraction of all granted patents are ever ruled invalid. Meanwhile, they have value. Other assets can also experience rapid drops in value, such as land on which planning permission is refused, or cargo that's lost or damaged in transit, or a forward contract when the underlying asset price moves sharply. The challenge is to quantify the likelihood of an invalidity ruling. My suggestion would be for banks to start working a little more closely with patent attorneys.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5574479.post-47316764611503119702013-12-30T09:42:03.207+00:002013-12-30T09:42:03.207+00:00The central issue of how much IP is worth makes it...The central issue of how much IP is worth makes it difficult to do banking based on it. When a firm goes bankrupt and a bank inherits the patent portfolio, what happens next? Where do they sell it, and what happens if no one wants to buy it? Given that the value of patent can drop instantly to nothing after a ruling of invalidity (which happens often) how can banks use them as collateral? This report was useful in that it identified many pitfalls. Finding solutions won't be easy.Sulemanhttp://www.hollyip.comnoreply@blogger.com