intellectual property as a financial asset omer hiziroglu © 2015 omer hiziroglu, clp general...
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INTELLECTUAL PROPERTY AS A FINANCIAL ASSET
OMER HIZIROGLU © 2015
OMER HIZIROGLU, CLPGeneral Partner
TWITTER: @omerhizir
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What is this?
Human-Machine Collaborative Robotic Systems.John Hopkins University
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So is this?
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Difference?
• Patent as a financial instrument vs. Financial services patents• Challenge in financial service patents:• Software• Business methods
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Patent as an asset
• Right to exclude & right to practice• IP driven competitive advantage• Financial asset in balance sheet• As a startup capital• Value driver in a cross-licensing negotiation• But also a strategic value: Offensive & Defensive• Financial asset?• Free transfer• What other value?
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Monetizing patents without practicing
• NPEs• Evil trolls?• Necessary evil?• Part of the ecosystem?
• What is the NPE business model?• Enforcement• But also adding on innovation and licensing
• Remember: Universities are NPEs
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Response
• Defensive aggregators
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PATENTS and TRADING
• IPXI
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INVESTMENT CONSORTIUMS
• Rock Star
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OTHER OPPORTUNITIES
• Osage Partners
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GENERALLY SPEAKING
• When it comes to IP, one must look beyond the 4 corners of the patent document• It is not just a symbol of an entities’ innovative capacities• It’s the result of a systematic, long term strategy• It’s the strategy that creates the patent portfolio, not the other way
around• Final note on valuation challenge:• Difficult and dangerous game for early stage technologies• Bubble (we are in a sellers market)
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REFERENCES
• FOLLOW:• IAM MAGAZINE
• People who turn IP into gold: IAM 300:http://www.iam-media.com/Blog/Detail.aspx?g=58bc8bc8-06fe-46f2-86ee-98af2867ec81
• LES NOUVELLES
• TO GET INVOLVED:• LES TURKEY. www.les-turkey.org