The world of patents and their relevance is increasing all the time, with newer and more advanced technologies being patented every single day. Research and innovation driven companies must keep themselves updated at all times to keep up with this increase in innovation to best utilize new advancements and understand current scope and limitations of technologies. The purpose of patent alerts is to inform companies about patents that have been filed or published with respect to core technologies of the company. Patent alerts are sent out periodically, and the reports can be sent out monthly, quarterly, or half yearly as per needs of the company.
Patent alerts help companies to keep themselves updated with respect to latest developments in the core areas of their technologies to get valuable information, such as:
- New products and processes for which patent applications have been filed, helping companies build their own products in a better manner.
- A thorough analysis of existing patents, which may be useful to assess the chances of getting a patent for core technologies or new ideas by gauging the novelty, non-obviousness and industrial applicability of existing inventions.
- Information about published applications can help companies who might want to oppose these applications.
- New markets or new technologies that other companies are focussing at. This might provide the company with an overview of the kind of products other companies are planning to launch in given markets.
Patent watch can be done primarily in two ways:
Technical Patent Watch: Here, the core technology (ies) of interest may be listed out and related published patent applications or granted patents may be monitored in a technical area of interest. The latest prosecution status of pending patent applications may be monitored making it easier to keep in touch with latest happenings in the industry. Interesting patents that may be used and implemented to add value to existing products or technologies can also be listed out and explored.
Such patents may be considered for in-licensing. However, if they are not filed in the jurisdiction of interest or they don’t have a chance to be filed in the jurisdiction of interest, these patents may be used without any fear of infringement. When proceeding on this route, it is highly recommended to take opinion of an expert on the legal status of such patent (s) before implementation.
Competitor Patent Watch: Understanding the patent portfolio and patent activities of competitors may be of great business value to companies. For this purpose, competitor companies are listed out and their newly published patent applications or granted patents are monitored on a periodic basis. The companies can also monitor the latest prosecution statuses of pending or granted patent applications of competitor companies.
This information obtained by observing periodic patent alerts may prove to be a game changing strategy for any company.
Staying ahead of the competition is critical for sustainability today. With increasing focus on innovation, it becomes important to know about the recent trends in the area of patent filings. It is not only interesting to understand what competitors are doing, but also essential to learn how best to advance past them.
Origiin, with a skilled team of patent agents is one of the best patent companies in India offering patent services like, patent searching and patent filing in India and foreign countries. We provide periodic patent alerts to the innovation and research driven companies that want to keep themselves updated on recent technologies and competitors.
Deliverables: Patent alert report in excel sheet (including patent applications as well as granted patents) along with a PDF copy of all prior arts listed in the report, primarily, monthly, quarterly or half yearly.
Write to us at info@origiin.com to know more about our Patent Alert Service
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