Business planning using Patent Searches -DesignBump

A state of the art search is performed to generate a thorough review of anyfresh technology or product. Preferably, such kind of a search is performedprior to budgeting any research. In most ventures, these search resultsinfluence the choice and the capital assessment for such fresh technology. The state of the art search reviews patent documents as well as non-patentliterature that is generally available online. The amount of informationgathered and the number of documents extracted during such search process isusually high in number. As per this search process, it is performed based onassignee names, inventor names and codes pertaining to different patentclassifications. Finally, when the list is generated, a user can easilyretrieve information regarding close competitors in the relevant field and thetechnology expertise that’s available in the market. This generated list ofpatent results can be studied graphically using charts and diagrams tounderstand the extend of the technology, and such graphical representation isknown as patent landscape analysis.

The patent landscape analysis graphically depicts the co-relation betweenpatent publications. However, apart from state of the art searches, if a user specifically wants to perform a patent landscape analysis on a certain productor technology, then a patent landscape search is done to meet this need. Adecision for a patent landscape search differs as per the requirement of theuser, and are usually aimed at the type of business and the region of business execution. The patent landscape search evaluates the loop holes of patentsecurity in the relevant technology field, and enables a user to compare patentportfolios amongst multiple competitors. Therefore, the patent portfolio analysis helps to understand the patents owned by individual competitors, andis normally performed depending on the purpose and degree of search.