Intellectual property plays a key role in the LED industry
The identification, management and protection of valuable intellectual property - potentially with the involvement of licensing programs - is a crucially important activity, explains Paul Kallmes.
The last few years have seen modern management practices being developed for, and applied to, intellectual property. Portfolio management has grown from hodge-podge internal collections of electronic documents and spreadsheets into dedicated software platforms. Search capabilities have grown substantially. Valuation methodologies of various stripes (and reliability) have proliferated for transactions such as M&A.
Last but certainly not least, the investment community has recently taken a strong interest in IP as a source of potential value, whether through portfolio creation, consolidation, licensing, or assertion. There has been much attention placed on so-called "patent trolls" (see footnote): while that is a topic for another time, it is worth noting that indiscriminate use of that label can hinder legitimate IP management, and should be used sparingly.
This article was published in the September/October 2007 issue of LEDs Magazine.
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