How to Maximize the Patent Value: Base on the Patent Trust in Taiwan

How to Maximize the Patent Value: Base on the Patent Trust in Taiwan

"As knowledge-based economy is developing in the global environment, knowledge innovation changes quickly and dramatically. Related technology, management and legal protection mechanism based on intellectual property becomes the core competence of the company. The mechanism of maximizing patent value is not only effective for patentee to raise fund to fulfill the strong funding demand used in research and development (R&D) , but also motivates the R&D worker and improve the patent quality, which drives the industry development and increases core competence of nation. It is pity that the majority of patentees are R&D workers who specializes in developing new technology, but have rare understanding about patent maintenance and how to exercise patent right, not to mention how to maximize the patent value, including transference of patent right, patent licensing, patent financing and other options about patent entitlement. Most of local high-tech companies in Taiwan are original equipment manufacturers (OEM) or original design manufacturers (ODM), therefore, they are not available to drive continuous innovative research and development for patent with large capital to obtain competitive advantage by patent right and seize the opportunity to maximize the patent value, which is the method international original brand manufacturers (OBM) adopted. In the framework of trust of Patent Act, this study adopts comparative research methodology to analyze trust of patent becomes the dilemma and potential opportunity when maximizing the patent value. Eventually, the study have some findings: 1. Patent term for pharmaceuticals is longer than that for other inventions, and that’s why the competitiveness of trust of patent for pharmaceuticals is better than the trust of other inventions’ patent. 2. The objective way to measure the value of patent right might depends on the evaluation purpose. After calculating individual patent value, then transforming the different types of intellectual properties into the various trust equities categorized by the patent evaluation purposes, and trust equities might be an option when making decision for investors. Briefly speaking, taking advantage of the characteristic of patent and working with financial system to make trust of patent have much more market-based incentives would make the trust of patent as an opportunity rather than a dilemma for maximizing the patent value."