- Globalization and highly competitive, evolving markets are increasing the need for professional and effective intellectual property asset management
- When addressed in the correct way, intellectual property assets can create value and maximize corporate financial returns in the long run
- Many intellectual property asset owners lack the resources and experience to put together commercialization strategies; hence, specialized services like those delivered by Quest Patent Research will continue to grow in importance in the years to come
The changing nature of innovation and globalization are making the introduction of effective intellectual property (IP) asset management and protection measures more important than ever before.
According to the OECD World Top R&D Investors report, the emergence of new market players and the changing ways in which enterprises are using IP rights have both altered the context in which intellectual property operates (http://ibn.fm/x4tvM). IP systems are evolving on an ongoing basis to ensure a fine balance between private and social benefits.
Intellectual property can be the most important asset that a company owns. According to the World Intellectual Property Organization (WIPO), IP can generate value through licensing, sales and commercialization of an IP-protected product or service. In addition, IP rights can significantly enhance the value of an enterprise in the eyes of investors (http://ibn.fm/bIwLf).
Awareness about the monetization potential of intellectual property assets has increased over the past few years. This is one of the reasons why services like those provided by Quest Patent Research Corp. (OTCQB: QPRC) are expected to start playing an even bigger role in the corporate world in the years to come.
Quest Patent Research is a New York-based intellectual property asset management firm that operates through majority-owned and controlled subsidiaries. These enable Quest Patent Research to deliver strategic, financial and legal resources to clients through its suite of value-added services.
Currently, Quest Patent Research owns, controls or manages over 115 patents across 11 intellectual property portfolios. Custom tailored structured licensing programs enable the company to consistently generate revenue from these valuable portfolios.
Quest is committed to creating shareholder value through investment and management interests in intellectual property assets. Some of these include trademarks, patents, copyrights, trade secrets and novel inventions.
According to WIPO, all forms of intellectual property assets can be managed and commercialized to generate economic returns (http://ibn.fm/LoBYr). Proactive policies and strategies can be put in place to optimize the value of IP assets. The number of enterprises that understand this fact and employ the services of companies like Quest Patent Research is growing.
The commercialization of intellectual property assets necessitates a deep understanding of technologies, market fundamentals and competitive landscapes. Many IP asset owners lack the capacity or the experience to do a correct valuation and to develop a sound strategy for the future. Quest Patent Research partners with asset owners to help them fully realize the potential of their intellectual property.
Some of the services that Quest offers include intellectual property valuation, patent prosecution, structured licensing programs, portfolio evaluation and maintenance, legal advisory, patent acquisition or liquidation, attorney and investor referral and partial or full liquidity.
For more information, visit the company’s website at www.QPRC.com
NOTE TO INVESTORS: The latest news and updates relating to QPRC are available in the company’s newsroom at http://ibn.fm/QPRC