About the service
Companies having large patent portfolio often struggle with their sheer numbers and this creates a need for an effective IP portfolio management. Segregation of patent portfolio into different technology segments and ranking helps organization to tap the true potential of IP assets owned by them.
We at Effectual services help these companies in categorizing/bucketing their patents into specific technology area. The bucketing is a two step process involving following two activities – Preparation of comprehensive taxonomy In-depth analysis of patents to further classify under sub-categories.
Following steps are performed for Bucketing and Ranking
Understanding Client's Objectives
We firstly understand the client's specific goals and priorities for patent bucketing and ranking, determine the technology domains or categories to focus on.
Comprehensive Taxonomy Preparation
Developing a comprehensive taxonomy or categorization framework tailored to the client's needs.
Data Collection and Patent Inventory
Collecting and compiling the client's entire patent portfolio and ensuring that all relevant patents are included in the analysis.
Initial Bucketing by Technology Domains
Sorting patents into broad technology domains based on the primary taxonomy. This initial categorization groups patents into high-level technology areas.
In-Depth Analysis for Sub-Categorization
Conducting a thorough analysis of each patent within the broad technology domains, and classifying patents into sub-categories based on specific technological aspects, features, or applications, etc.
Data Collection and Scoring Parameters
Collecting all relevant patent data, including information on forward citations, independent claims, claim length, detectability of overlap, market segment, and size, among others.
Establishing a scoring system that assigns weightage to each parameter based on its importance to the client. We provide two solutipns for this:
Semi-Automated Solution his scoring system takes into account both objective and subjective parameters such as forward citation, number of independent claims, claim length, detect ability of overlap, market segment and size, etc.
Manual Solution The scoring solution is based on a completely manual analysis. Such an analysis does include all the parameters used in semi‐automated approach, but also the analysis is extended to more subjective parameters, such as, remaining life, number of foreign family members, availability of alive family member, number of office action responses, etc.
Categorizing patents into High, Medium, or Low based on their assessed scores.
Documentation and Reporting
Documenting the entire ranking process, including parameter weightage, scoring, and categorization criteria. We finally provide a detailed report that lists patents in each category, with relevant information and analysis comments.
Why Choose us?
At Effectual Services, we offer a comprehensive and proven approach to patent bucketing and ranking that sets us apart as the preferred choice for organizations seeking to unlock the full potential of their intellectual property assets. Here are compelling reasons to choose us
Expertise in Patent Analysis
Our team comprises seasoned experts in patent analysis and intellectual property management. We bring years of experience and in-depth knowledge to the table.
We understand that every client is unique. Our approach is tailored to your specific objectives and requirements, ensuring that the bucketing and ranking process aligns perfectly with your goals.
Comprehensive Taxonomy Development
We excel in creating comprehensive taxonomies that serve as the foundation for categorizing your patents accurately. Our structured approach ensures clarity and precision.
Our thorough analysis goes beyond surface-level categorization. We delve deep into each patent, considering both objective and subjective parameters to provide a holistic assessment.
Proprietary Ranking Models
Leveraging our proprietary ranking models, we assess patent value with precision. Our models consider a wide range of factors, enabling us to identify high-potential patents effectively.
Proven Success Stories
Our track record is a testament to our capabilities. We've helped numerous clients streamline their patent portfolios, making informed decisions about licensing, acquisition, and strategic management.
We understand the importance of cost optimization. Our solutions are designed to deliver maximum value while respecting your budget constraints.
Once a cleint, who is a forward-thinking technology company approached us for bucketing and ranking project. Effectual Services devised a customized patent taxonomy and implemented a semi-automated ranking system to categorize and assess their extensive patent portfolio across diverse technology domains. This approach enabled our client to identify high-value patents suitable for licensing while efficiently reducing maintenance costs for lower-value assets, all while respecting the confidentiality of the client's sensitive information.
An established manufacturing company with an extensive patent portfolio engaged Effectual Service to streamline their patent assets. Our collaboration included the development of a tiered categorization system—High, Medium, and Low—based on a rigorous assessment of patent strength. The result was a clear roadmap for potential licensing and strategic partnerships, all accomplished while maintaining strict confidentiality regarding the client's proprietary information. The client was impressed with our output.
An intellectual property investment firm specializing in acquisitions sought Effectual Services expertise in patent ranking for a target portfolio. We conducted a meticulous manual ranking process, considering factors such as remaining patent life, foreign family members, and office action responses, all while preserving the confidentiality of the client's potential investment targets. The detailed patent ranking report we provided empowered the firm to make informed decisions, strategically targeting high-quality patents for acquisition and enhancing the overall value of their intellectual property portfolio. We were appreciated by the client.