Lee Hogan The patent is the most treasured form of record available for competitive analysis. Different indicators are being used to predict the fee of a patent or any corporation’s energy. Tech-Line® uses three general patent indicators and six advanced quotation signs invented by CHI to research company technological electricity.
All indicators are calculated for unique corporations in specific technologies over a term. Because patent citation quotes vary by generation, comparisons need to be made most effectively inside comparable generation corporations.
Number of Patents – A relies upon an employer’s patents issued in the U.S. Patent gadget. Because the U.S. In this large market, even non-US corporations seek the safety of a U.S. Patent for their most crucial innovations. By tracking a range of patents and increasing patenting and distribution across era regions, you could monitor and evaluate the evolution of companies’ R&D hobby through generation location. However, the number of patents tracks R&D spending, which may be disaggregated across technologies, while R&D spending generally cannot.
Patent Growth Percent in Area—The change in the number of patients from one time period to another, expressed as a percent. This identifies technology receiving growing emphasis and people in whom innovation slackens. It additionally identifies companies that are increasing their technological improvement and those whose R&D is performed.
Percent of Company Patents in Area—The number of patents in a technology vicinity divided by the overall variety of patents for that business enterprise, expressed as a percent. This tells you which technology shapes a company’s highbrow belongings portfolio.
Patent Citation Indicators
Four Tech-Line indicators are derived by reading the references on the front pages of patents, including “patent citations.” References are located on patents to help set up the invention’s novelty. Inventions need to be novel to be offered a patent. To allow the patent office examiner to assess the novelty of the discovery, a patent report lists “prior art” within the shape of references to previous patents within the equal vicinity. Patent citations additionally play a crucial role in patent infringement litigation byby delineating the patent’s domain.
In counting citations, we reverse the perspective and count the number of citations a patent gets from subsequent patents. This is a manner of counting how often a patent becomes prior art in future technological advances. Research has mounted that fairly noted patents represent economically and technically critical inventions. Details on the history and validity of patent citation evaluation are inside the Tech-Line historical past paper.
Cites Per Patent- A be counted of the citations received through an agency’s patents from subsequent patents. This permits you to assess the technological impact of patents. High citation counts are frequently associated with important inventions that are fundamental to destiny innovations. Companies with distinctly stated patents can be more advanced than their competitors and feature more valuable patent portfolios.
Current Impact Index (CII) – The variety of instances an enterprise’s previous five years of patents are cited in the modern-day year, relative to all patents inside the U.S. Patent machine. Indicates patent portfolio best. A fee of 1. Zero represents common citation frequency, a cost of 2. Zero represents two times the common quotation frequency and zero.25 represents 25% of the average citation frequency. You can pick out the technologies wherein agencies produce quality work in a Tech-Line organization record. In a Tech-Line generation document, you can benchmark a corporation’s technological satisfaction towards different businesses against the average for the era. (CII’s vary by generation. For instance, they’re high in semiconductors, biotechnology, prescribed drugs, and coffee in glass, clay & cement, and textiles.) CII has been observed to predict a business enterprise’s stock marketplace performance.
Technology Strength (TS) – Quality-weighted portfolio length, described as the wide variety of patents accelerated by the modern impact index. Using Technology Strength, you can discover that although one organization has extra patents, a 2D can be technologically extra effective because that its patents are of better exceptional quality.
Technology Cycle Time (TCT) – Indicates velocity of innovation or how speedy the era is popping over, described because of the median age in years of the U.S. Patent references cited at the front web page of the employer’s patents. Companies with shorter cycle times than their competitors are advancing quicker from the earlier era to today’s technology. In semiconductors, cycle instances are quick (3-four years); in shipbuilding, they’re long (greater than ten years). The common is eight years. In fast transferring technology, TCT permits you to discover agencies that may gain the gain by innovating quicker.