30 November 2021

Press Release

President of IPwe China, Henry Wang, spoke at the ‘Operation and Development of Intellectual Property for FinTech Seminar’ in the Baoshan District of Shanghai on the ‘Challenges and Solutions Associated with Intellectual Property Backed Financing’.

Challenges and Solutions Associated with Intellectual Property Backed Financing

Mr. Wang summarized recent policies and developments of China’s intellectual property backed financing by using the opinions from Chinese government authorities, industry experts, existing practices, and government statistics. Mr. Wang further summarized the difficulties and core challenges in the practice of intellectual property backed financing in China, including:

1. Pre-loan evaluations mainly rely on experience and manpower, thus lacking necessary objective evidence. Moreover, Mr. Wang addressed that evaluations do not have an existing verification process that makes the evaluation process inefficient. Accordingly, pre-loan evaluations cannot dynamically monitor the changing value and risks of intellectual property back financing.

2. When one needs to quickly liquidate their evaluations, the vast majority of existing intellectual property transaction service platform models have fundamental flaws as they are normally bilateral rather than multilateral and lacks necessary technical support.

3. The existence of the post-processing model prevents banks from predicting and avoiding such risks in advance. Intellectual property insurance also has defects such as scarcity of products, difficulty in risk control,  and lack of global reinsurance support.

Best Practices for Intellectual Property Pledge Financing in European and American Countries 

In response to these core challenges of intellectual property backed financing in China, Mr. Wang presented IPwe‘s existing technical capabilities, such as the IPwe Platform, and IPwe’s global verification technology.

Mr. Wang especially emphasized that IPwe can empower banks through an extremely low-cost and extremely efficient artificial intelligence system, so that banks have the ability to screen pledges, and further help banks actively screen and find high-quality intellectual property loan applicants.

Mr. Wang introduced IPwe’s IP pledge financing cooperation cases with partners in different regions, including partnerships with banks, asset trading platforms, and AI technology innovation companies worldwide.

Mr. Wang also introduced the operational details of the industrial patent pools that IPwe China is working with several local governments on, which are being regarded as a valuable fundamental infrastructure to address the new challenges arising from the strategic emerging industries in China.


 

About IPwe

IPwe is quickly emerging as creating the industry standard for patent NFTs. IPwe recently announced its partnership with IBM to represent patents as non-fungible tokens (NFTs). IPwe also has a partnership with CasperLabs to further improve the patent registration process and create a chain of custody (CoC) Solution by using the Casper public blockchain to store, secure, and trace patent data, thereby creating a new approach to patent ownership verification. Patent NFTs are stored and shared on the IPwe Platform, running on the IBM Cloud and Blockchain services such as the Casper Network. IPwe anticipates tokenized IP to become commercially available in Q4 of 2021. IPwe operates in more than 50 countries with offices in Asia, Europe, North and South America. To learn more about how IPwe can provide the answers to your IP-related business decisions, Request a Demo of the IPwe Platform on www.ipwe.com.

Press Contact
Mia Mixan
Corporate Marketing

16 November 2021

Press Release

Chris Joins IPwe From Lee & Hayes

Paris/New York/Shanghai: November 18, 2021: IPwe announces the appointment of J. Christopher Lynch as General Counsel. Mr. Lynch is a licensed patent attorney and comes to IPwe as a partner from Lee & Hayes, one of the world’s leading intellectual property law firms.

Chris has enjoyed three decades of work commercializing intellectual property assets. He has broad, diverse intellectual property experience, including as legal counsel in the formation of the Bluetooth Special Interest Group, and in eliminating abusive copyright trolling in Washington state. Chris’ expertise is formulating sensible intellectual property strategies for otherwise complex relationships. He is an adjunct professor of law at Gonzaga University Law School and University of Idaho College Law, having taught specialty intellectual property courses for over thirty years.

“I am impressed with IPwe’s systems for bringing more certainty into intellectual property commercialization,” Lynch said. “IPwe’s systems will allow more technologies to be more broadly implemented in intellectual property, benefitting everyone.”

“Chris is a tremendous addition to the IPwe Team” stated CEO of IPwe Erich Spangenberg.  “After two years of building our IP answers and transaction platform, IPwe is entering the revenue building phase in which Chris will play a critical role.  We interviewed many candidates and Chris impressed us all with his extensive experience, desire and ability to lead in this key role.”

 


 

About IPwe

IPwe is quickly emerging as creating the industry standard for patent NFTs. IPwe recently announced its partnership with IBM to represent patents as non-fungible tokens (NFTs). IPwe also has a partnership with CasperLabs to further improve the patent registration process and create a chain of custody (CoC) Solution by using the Casper public blockchain to store, secure, and trace patent data, thereby creating a new approach to patent ownership verification. Patent NFTs are stored and shared on the IPwe Platform, running on the IBM Cloud and Blockchain services such as the Casper Network. IPwe anticipates tokenized IP to become commercially available in Q4 of 2021. IPwe operates in more than 50 countries with offices in Asia, Europe, North and South America. To learn more about how IPwe can provide the answers to your IP-related business decisions, Request a Demo of the IPwe Platform on www.ipwe.com.

Press Contact
Mia Mixan
Corporate Marketing

11 October 2021

Press Release

LOS ANGELES and PARIS, October 11, 2021– Crown Electrokinetics Corp. (NASDAQ: CRKN) (“Crown” or the “Company”), a leading smart glass technology company, has acquired 10 patents from IBM Corporation that complement its patent portfolio. Crown now has a patent portfolio of broad applicability in the smart glass technology area consisting of 34 patents and applications that offer coverage in key global markets.  

 Crown used IPwe, a patent transaction platform, to identify, analyze, negotiate, and complete the transaction with IBM.   

 “Many of the companies that use the IPwe platform recognize that there are highly relevant patents owned by innovation leaders like IBM that offer significant benefits if they can be efficiently identified, analyzed and acquired. IBM has thousands of employees that focus on research and these experts innovate in many areas, including smart glass technologies. Crown is forward-thinking enough to realize that acquisitions are a key part of any intelligent intellectual property strategy and acquiring patents from innovation leaders like IBM and others through highly efficient transactions makes tremendous business sense,” said Erich Spangenberg, CEO of IPwe.  

“Crown has an excellent in-house research and development team dedicated to innovating in the smart glass space. We are also aware that key innovation is occurring outside of Crown, and we want to leverage these opportunities through a highly efficient platform like IPwe,” stated Douglas Croxall, CEO of Crown. “The time for faster more efficient exchanges of IP is now made possible by the IPwe Platform and smart buyers and sellers will take advantage of this to dramatically improve their market positions.” 

 Far too often, the only metric used to measure IP is “how many.” Crown and IPwe wanted to do something other than just increase the number of patents Crown holds and to ensure Crown is significantly improving the overall quality of its patent portfolio. As this market expands, Crown wants to occupy the leading technology position in the smart glass market, and according to IPwe analytics, Crown is well on its way to obtaining the leading position in smart glass intellectual property.  

Crown acquired 10 patents and applications from IBM with coverage in the US, China, Great Britain, Germany and Japan. The patents are core to smart glass technologies, ranging from technical features oriented to dynamically changing the opacity of glass to different applications such as glass that is impenetrable to laser or different uses for the automotive industry, including smart vehicle windshields and windows that eliminate glare and provide environmental control. 


About Crown Electrokinetics 

Crown is a smart glass technology company and the creator of DynamicTint – We Make Your Glass Smarter™. Originally invented by Hewlett-Packard (HP, Inc.), our technology allows any glass surface to transition between clear and dark in seconds. With applications to a wide array of windows, including commercial buildings, automotive sunroofs, and residential skylights, we partner with leading glass and film manufacturers for mass production and distribution. At the core of our technology is a thin film that is powered by electrically-charged pigment which not only replaces common window tints but is also a more sustainable alternative to traditional window treatments. With its unique ability to be retrofitted to existing glass, DynamicTint™ offers myriad benefits related to reducing carbon emissions. The company is supported by a robust patent portfolio. For more information, please visit WWW.CROWNEK.COM. 

About IPwe 

IPwe is quickly emerging as creating the industry standard for patent NFTs. IPwe recently announced its partnership with IBM to represent patents as non-fungible tokens (NFTs). IPwe also has a partnership with CasperLabs to further improve the patent registration process and create a chain of custody (CoC) Solution by using the Casper public blockchain to store, secure, and trace patent data, thereby creating a new approach to patent ownership verification. Patent NFTs are stored and shared on the IPwe Platform, running on the IBM Cloud and Blockchain services such as the Casper Network. IPwe operates in more than 50 countries with offices in Asia, Europe, North and South America. To learn more about how IPwe can provide the answers to your IP-related business decisions, visit www.ipwe.com 

Press Contact
Mia Mixan
Corporate Marketing

28 June 2021

Press Release

On June 26, 2021, Henry Wang, President of IPwe China, was elected as vice president of the China-Foreign Enterprise Association. Fan Jianhui, Director of District Commerce Bureau, presided over the election. A total of 299 representatives participated in the election.

During the election ceremony, Mr. Wang jointly signed the “Intellectual Property Rights Protection & Cooperation Agreement” along with representatives of Huangdao Customs, Qingdao’s Enterprise Federations, Shandong University of Science and Technology, and representatives from other distinctive government entities. The purpose of the agreement is to make comprehensive improvements to social governance of intellectual property protection, enhance the ability of the members of the Chinese and Foreign Enterprises Association to navigate intellectual property disputes, and build a comprehensive protection network bolstered by societal participation.

IPwe (China) has established relationships with the regional governments in Qingdao (West Cost New Area, the 3rd largest hi-tech development zone in China only after the Pudong District in Shanghai and the Binhai District in Tianjin), Hangzhou and Guangzhou, and deep relationships with leading universities like XJTLU and Chongqing University. IPwe (China) also has a presence in Shanghai and is expanding its relationships with additional regional governments.

About Qingdao West Coast New Area’s China-Foreign Enterprise Association

In order to optimize the business environment of the new area, the Qingdao West Coast New Area’s China-Foreign Enterprise Association was established under the initiative of the district government. The non-profit organization is comprised of enterprises, institutions and business operators of all kinds of ownership, relevant experts, distinguished scholars, and relevant business-related associations.

At present, the Federation’s members cover more than 20 industries of foreign-funded enterprises in the New Area, and is committed to promoting the synergy of “industry, academia and research“, providing assistance to member enterprises in policy, legal and business service, strengthening the linkage between government and enterprises, creating a close-knit network of entrepreneurs and investors + supporting services in the New Area, and promoting the positive economic and social development of the New Area.

About IPwe China

IPwe China is headquartered in Qingdao West Coast New Area (in close proximity to Japan, Korea and Beijing-Tianjin-Hebei), with subsidiaries in Hangzhou (servicing the Yangtze River Delta) and Guangzhou (servicing the Greater Bay Area).

Tapping in to IPwe’s Global Patent Registry, and blockchain and AI-powered analytics, while accumulating local knowledge of China’s booming IP market, it has negotiated nearly 300 cooperative agreements with China’s large enterprises, SMEs, science and technology parks, universities and research institutions. IPwe China focuses on promoting innovation, accelerating technology transfer, and removing barriers from China’s IP operations as a whole.

Press Contact
Mia Mixan
Corporate Marketing

4 June 2021

Press Release

IPwe today announced the launch of an Advisory Committee for University Technology Transfer with a focus on tokenized patents as non-fungible tokens (NFTs). IPwe is also delighted to announce that the Advisory Committee will be chaired by Ian McClure of the University of Kentucky.

IPwe is the world’s first blockchain-powered Global Patent Market that combines the information and tools to identify, research, evaluate and transact in patents. Large enterprises, small businesses, universities, research institutions looking to enhance their IP profiles, as well as venture capital and investment firms with interests in technology and IP-backed companies, all benefit from IPwe’s unique value proposition.

The IPwe Platform productizes CEO Erich Spangenberg‘s previous IP strategies. Erich selected (based on predictive and then AI analytics developed with an investment of $40 million) and took principal positions in companies based on their IP value. Employing this strategy, Erich and the IPwe team have completed $2.5+ billion in licensing, financing and acquisition transactions. The strategies from this proven track record are reflected in IPwe’s AI-driven IP analytics, proprietary algorithms and databases.

Since its founding in 2018, IPwe has built its tech stack on AI and blockchain while expanding its network. In 2019, IBM selected IPwe as one of 10 startups likely to scale their blockchain business networks in IBM’s Blockchain Accelerator Program. IPwe recently announced the next stage of our partnership with IBM to launch patent NFTs. “The use of NFTs to represent patents will help create completely new ways to interact with IP, connecting people to patents through transparency and discovery of patent information,” said Spangenberg. “The IPwe team is now ready to execute on our longer-term vision of being the go-to fintech platform for IP evaluation and transactions, as IP develops into an asset class.”

“The mission at the launch of the Advisory Committee for University Technology Transfer is to explore how patent NFTs can facilitate the commercialization and market development of university innovations and discoveries, based on unique data attributes related to technology transfer,” said Spangenberg.

Ian McClure’s role as Chair of the Advisory Committee is based on his outstanding leadership in the technology transfer community, which will be invaluable to the exploratory work of the Committee. Ian, formerly the Executive Director of the Office of Technology Commercialization, is the Chair-Elect of AUTM and the Associate Vice President for Research, Innovation and Economic Impact at the University of Kentucky.

In addition, Ian brings a legacy of leading the IP industry in creating, optimizing and monetizing IP value in technology-driven transactions. He was part of the founding team and a senior executive at Intellectual Property Exchange International (IPXI), the world’s first financial exchange for trading IP rights. Ian describes the outcome of IPXI and potential of patent NFTs, commenting:

“Despite building the most advanced IP transactions products (Unit License Rights) and patent marketplace platform of its time, IPXI couldn’t solve for the unwillingness of buyers (licensees) to trust what we couldn’t prove without external validation (e.g., evidence of use, proof of validity, and the existence of other transactions).

“Optimizing IP as a transactable asset class requires greater information transparency and quicker data validation to increase predictability. While potential barriers such as securities and regulatory issues need to be vetted, I’m very interested in the potential that blockchain and NFTs present to these core principles in IP transactions.

“Think about the possibilities for creating immutable evidence and symmetries of information, decentralized from the court system. In the technology transfer space, university IP is based on science that is the result of extensive research and typically years before market development. I’m excited to explore the possibility for blockchain and NFTs to help verify research data and create broader and more efficient access to these inventions.”

Erich views Ian as a thought leader in modernizing the world’s IP system. “Ian is one of the people I hold in very high regard because he is willing to explore new ways to facilitate innovation, particularly for SMEs, which we believe are the engine to power our economy by creating jobs and solving important problems. IPXI, as often is the case, was a decade-plus ahead of its time. IPXI, like many patent owners, saw the future. Today, that future is technology-enabled,” said Spangenberg.

A broader ecosystem including financial institutions, insurers, enterprises and other patent stakeholders are planned in the coming months to support the use and exchange of tokenized patent NFTs, using these new technologies. IPwe is delighted to explore with this Advisory Committee, under Ian’s leadership, the design and execution of patent NFTs to support universities.

Press Contact
Mia Mixan
Corporate Marketing

21 April 2021

Press Release

We are thrilled to announce plans to begin representing patents as non-fungible tokens (NFTs) or digital assets by working with IBM (NYSE: IBM) to create the infrastructure for representing patents as NFTs and storing the records on a blockchain network. The tokenization of intellectual property (IP) will help position patents to be more easily sold, traded, commercialized or otherwise monetized and bring new liquidity to this asset class for investors and innovators.  (IBM Newsroom)

Tokenization provides greater transparency and can also make related transactions simpler and more cost-efficient. By representing IP in this way, it can be licensed, sold and commercialized. Organizations can also more easily view the IP as an asset on their balance sheet. While NFTs have been used to represent digital art, sports memorabilia and even iconic Tweets, the early adoption of IP-based NFTs could usher in a transformation of how IP is treated by inventors and enterprises.   

“The IPwe Platform is designed to transform the patent asset class by increasing transparency and promoting engagement, which we believe will encourage innovation,” said IPwe CEO Erich Spangenberg. “The use of NFTs to represent patents will help create completely new ways to interact with IP. This is expected to benefit not only large enterprises that have significant intellectual property, but it will bring new opportunities to small and medium enterprises and even individual IP owners. We believe it will usher in new offerings by financial services firms and corporations to promote the evolution of a new patent asset class.”

These NFTs will be stored and shared on the IPwe Platform, hosted on IBM Cloud and powered by IBM Blockchain. The IPwe Platform also enables the Global Patent Marketplace, which allows owners and other members of the patent ecosystem to engage and transact, buy, license, finance, sell, research and commercialize patents. IPwe, working with IBM, was the first to create a patent marketplace on the blockchain. The introduction of NFTs will only help accelerate the opportunity for IP, which has been notoriously difficult to manage, value and transact, to be treated as a liquid asset. 

 


 

According to IPwe, many enterprises, governments, universities and small and medium enterprises (SMEs) around the world are already using their technology, including the IPwe Platform and the IPwe Registry and Global Patent Marketplace. For SMEs in particular, representing patents as digital assets is especially powerful because it allows IP to be treated as collateral or assurance of an organization’s value, also allowing it to be more easily leveraged when seeking funding. The IPwe Registry collects current, active and historical patent records in a single freely accessible registry with enhanced search enabled by IBM AI. A broader ecosystem including financial institutions, insurers, enterprises and other patent stakeholders are planned in the coming months to support the use and exchange of tokenized patents using these new technologies.

IBM and IPwe have worked together for the last three years applying IBM’s deep expertise in blockchain and artificial intelligence to the IPwe Platform to help protect ownership information; generate patent and portfolio analytics; facilitate transactions; reporting and advancements of the next intelligent generation of patent pooling – an agreement among multiple patent holders to jointly license their IP. 

 


 

“IBM has a long history of leadership in intellectual property and the application of AI and blockchain in business. Our work with IPwe is another example of our collaboration with leading innovators to drive outcomes powered by blockchain capabilities and digital assets that have the potential to transform entire industries,” said Jason Kelley, General Manager, Global Strategic Partnerships, IBM Services. “As businesses increasingly look to transform how they work with intelligent workflows, blockchain technology is a critical tool to increase transparency and reduce barriers.”

 

Press Contact
Mia Mixan
Corporate Marketing

1 April 2021

Press Release

On March 30, IPwe commenced the IPwe-XJTLU (Xi’an Jiaotong-Liverpool University) IP Research Institute, a key collaborative project for IPwe’s Chinese operations during the 2021 Guangzhou International Investment Conference.

A number of Chinese government officials were in attendance, including District Mayor, Dong Ke, who spoke of the economic and social development of Nansha. Ke stated that Nansha, located in the geometric center of the Guangdong-Hong Kong-Macao Greater Bay Area, has seen its regional GDP increase by more than 70%, becoming a key catalyst of growth for the Guangdong region. In recent years, Nansha has become a regional hub for the region, set to carry this momentum to empower innovation and development, and become the “innovation beacon” within the Bay Area.

One of Bay Area’s Regional Innovation Hubs

Key Innovative Bay Area projects in the Bay Area include the IPwe-XJTLU IP Research Institute, Xi’an Jiaotong-Liverpool University Innovation and Education Institute, Zhongkang Data National Headquarters Project, ACG New Cultural and Creative Industry Headquarters Project, among others. The Innovative Bay Area project will effectively promote quality and diversified upgrade of many industries in Nansha, creating a vibrant city and highlighting the culture and identity of the region.

As an important part of Xi’an Jiaotong-Liverpool University’s ‘Innovation 3.0’ initiative, IPwe-XJTLU IP Research Institute will be jointly established by IPwe, Xi’an Jiaotong-Liverpool University and Hong Kong Management Association (HKMA). The roadmap for development include the Greater Bay Area Global IP Data Center, International Technology Transfer Center and Transformation Platform, and the International IP Ecological Think Tank.

For more information on IPwe’s developments and roadmap across the Guangdong region and mainland China, please contact Henry Wang, President of IPwe China Operations.

Press Contact
Mia Mixan
Corporate Marketing

29 January 2021

Press Release

CasperLabs announces partnership with IPwe to improve the patent registration process and create a chain of custody (CoC) Solution will use the Casper public blockchain to store, secure, and trace patent data, thereby creating a new approach to patent ownership verification.

 


 

The Opportunity

CTOs and CFOs today are taking a greater interest in how IP is tracked, managed and deployed. A first step in the evolution of an improved understanding and management of this critical asset is a reliable CoC solution.

Casper and IPwe will deploy a CoC solution, enabling government entities and some of the largest enterprises in the world to better manage and utilize their IP. As with any asset class, the primary objectives will be met through increased transparency and understanding, and fulfilled through offering solutions that improve financial returns and lower costs.

Read the Full Announcement and Case Study Here

Press Contact
Mia Mixan
Corporate Marketing

17 December 2020

Press Release

Pwe has joined the SME Focus Group on Artificial Intelligence, made up of innovators and service providers focusing efforts on AI technology to benefit SMEs across Europe. Backed by the European DIGITAL SME Alliance, the group’s mission is to drive successful adoption of AI technologies while encouraging EU policy and regulations supporting innovation.

Europe’s DIGITAL SME Alliance, composed of 20,000+ digital SMEs along with 30 national and regional SME associations, represents the largest network of Information and Communication Technology (ICT) enterprises in Europe. Its size and reach allow for the Alliance to organize and influence policy and practice at the European level.

IPwe will provide EU SME’s with leading-edge IP solutions to simplify, accelerate, and lower cost for patent analytics, transactions, risk management and financing – enabled by AI-technologies and a global team with 100+ years of patent-AI expertise.

Together with the European Commission’s Joint Research Centre (JRC), the AI Focus Group will drive technological adoption thorough educating on the impact and influence of AI and related technologies. AI Focus Group members include companies headquartered in Europe with proven expertise in AI-powered enterprise solutions.

“IPwe greatly appreciates the AI-critical infrastructure created and the support we’ve received from the EU Commission and organizations like the JRC. The EU’s focus on AI, and its efforts on SMEs in particular, are incredibly important if AI is not to be dominated by a few massive companies. Building on these EU initiatives, IPwe will continue investing heavily in AI R&D and hiring in the EU,” said Erich Spangenberg, CEO of IPwe SAS in Paris.

“Next up is to work with EU SMEs, funding sources and service providers to create a database showcasing the IP attributes of EU’s most innovative SMEs. This database can then be used by SMEs, VCs and other funding sources and government to drive more financing for EU SMEs. We believe these EU SMEs are the engine to power our post-Covid economic recovery by creating jobs and solving important problems that a few mega companies simply are not suited to address.”

IPwe is pleased to join this pivotal group and contribute to European initiatives to develop a network of AI innovators across Europe, thereby supporting SMEs to innovate by providing the next generation of AI-enabled IP services and solutions.

Press Contact
Mia Mixan
Corporate Marketing

23 November 2020

Press Release

This Thursday, November 26, the Minister of Sciences, Technology, and Innovation of Colombia, Dr. Mabel Torres and IPwe CEO Erich Spangenberg will jointly launch IPwe’s Latin America branch office.

The event is scheduled to take place virtually on LicenciArte’s LinkedIn and in-person at “El Muelle Tech” (Cra. 65 #5 – 92, Cali, Valle del Cauca) is scheduled for 2:00 p.m., following the framework of the Mexican Congress of the Network of Technology Transfer Offices (OTT Network). Participants include Valle del Cauca Network of Universities for Innovation (Sp: RUPIV); Dr. Claudia Liliana Zúñiga: director of the Santiago de Cali University, Dr. Carlos Andrés Pérez: the Undersecretary of  Science, Technology, and Innovation of the Valle del Cauca,  Dr. Sandra de las  Lajas; and the Secretary of Economic Development of the Valle del Cauca, Pedro Bravo, among others.

“Intellectual property is created by individuals and granted at the country level. Because of this, we sometime forget that innovation and the IP market are very much global.  From its inception, IPwe has pursued a global strategy, with offices spanning 9 countries across Asia, Europe and the US.  Today we are elated to be expanding our presence to South America. Our goal is very simple: to work with leading innovators in the LATEM region, and to connect the innovations of South America to the world market.”

IPwe’s Bogotá office will cover the entire Latin American region, with eight more offices in Palo Alto, Dallas, New York, Paris, Singapore, Shanghai, Qingdao, and Tokyo.

David Hurtado (CEO of LicenciArte) was appointed as president of IPwe LATAM, well positioned to leverage his expertise in technology transfer, patent law, and commercialization of scientific innovations.

Erich Spangenberg on collaborating with Latin America. Spangenberg is a serial entrepreneur in the patent business and one of the 50 most influential people in the management of intellectual property globally.

IPwe: Creating real value from knowledge

Since its inception in 2017, IPwe has worked to foster innovation in the IP space, helping to lower discovery and transaction costs while increasing global opportunities for patent owners. Whether it is increasing patent quality, finding new commercialization opportunities, advising on IP risk management, or other transactional opportunities, IPwe reduces the costs and complexity of the patent process. For this reason, IPwe created the first global platform for the world of patents on a single ecosystem, connecting buyers and sellers, partners, financing sources, to unlock and enhance the overall value of patents. Ultimately, IPwe’s goal is to turn patents into an accessible, tradable asset.

IPwe’s track record of success supports this, with 1,100+ patent licensing transactions globally, $400MM+ licensing revenues generated, and upwards of $2 billion financing transactions.

IPwe’s extensive partner network along with its core team provides its clients abundant resources in patent commercialization, IP law, AI & Blockchain, with an extraordinary interdisciplinary group of university resources. IPwe’s extensive network is transforming the way patents are utilized and engaged with globally, with global presence in nine locations across Asia, Europe, North America, and now in Colombia.

Patents have been a complex asset class to monetize and difficult to understand, making transacting patents a convoluted process. The ecosystem lacks transparency and is plagued with bad data. There is no public record of most patent transactions, so quantifying patents’ commercial value is difficult and uncertain.

The process of licensing and transacting patents can take months and is incredibly costly without the help of technological tools and expertise. Indeed, patent complexity is reflected in areas of high scientific knowledge such as pharmaceuticals, computer science, new materials, renewable energies, biotechnologies, among other areas.

IPwe has transformed the world of patents by developing a centralized patent database, providing validity and quality indicators, and training leading-edge algorithms with volumes of data and transactions. The technology increases transparency, making it easy to identify parties, owners, and correlate it with evidence-based market data. In this way, IPwe makes it much easier and more transparent to estimate the true value of a patent, its quality, and its validity to subsequently commercialize or license it.

IPwe enables us to determine, with acceptable levels of certainty, the true strengths and opportunities of each technological or scientific development in the international market. Through the IPwe ecosystem platform, research centers, inventors, companies, universities, and SMEs will be able to transfer their patents faster, easier, and more economically while earning higher revenue for their innovations.

With IPwe, it is also possible to access new types of patent monetization and financial models, such as IP based financing by leveraging the value of existing patents as collateral, IPwe Smart-Pooling to cross-license patents as part of a community with other members, setting up a patent portfolio so that transfers are valued or even the grouping of patents from different holders to reach multinationals looking for large portfolios of intangible assets. These leading-edge business models, used in developed markets, will now be available on our continent to universities, research centers, large companies, SMEs, startups, venture capitals, or inventors in general.

Why Latin America?

With an estimated $180 billion of patent transactions in the region, only 2% of all patents worldwide are involved in those patent transactions. At IPwe, the ambition is to unlock the value of the remaining 98%.

Currently, Latin America does not actively participate in the so-called “secondary patent market.” To give one example of the untapped potential in our region: scientific advances, intellectual production, and new technologies developed in Latin America’s top research centers and universities are represented by a portfolio of approximately 6,500 patents, valued at more than $500 million, according to preliminary data from LicenciArte.

This not only means that in Latin America, the generators of highly innovative scientific inventions, have registered almost 6,500 inventions, but it also corroborates the undeniable qualities and capacities of the region’s academics and researchers. It clarifies that, from countries such as Brazil, Mexico, Argentina, Cuba, Chile, Colombia, Panama, Perú, and Costa Rica, the possibilities for socioeconomic growth and technological impact from patent transfer are a feasible reality. The benefit is not just for innovators and patent owners, but for society in general.

“The potential to export packaged knowledge into patented technologies is an unexplored market on our continent but growing to the extent that universities have understood that their role is not only to educate and generate knowledge, but that knowledge generates economic and social prosperity. That it really saves lives,” Hurtado emphasizes.

Due to this potential, IPwe opens new horizons in Latin America with David Hurtado, who was appointed as president of IPwe LATAM. Erich Spangenberg highlighted the professional profile of the inventor “Caleño” and his remarkable ability to connect the entire region.

“In 2019, I embarked on the mission of finding a person who had a strong understanding of intellectual property transfer in Latin America. I spoke to many people and was surprised at the number and quality of individuals I could identify. However, none of them impressed me more than David Hurtado. He really has an in-depth knowledge of the Latin American market; he is admired and respected in the market. David has distinguished himself among his peers, with his network of contacts, and with his tenacity, he is the right person to lead IPwe’s efforts in Latin America. We are fortunate that you are part of our global team.” says IPwe’s CEO.

“In Latin America, we know very little about patenting world-class technologies, and we do not have a clear intellectual property strategy, as we are not planning to commercialize what we patent. Moreover, it is of little use to patent in our Latin American countries because there is no solid industry based on scientific knowledge to market them. We have brilliant scientists and researchers in Latin America, and with IPwe,we will have the ability to export packaged knowledge in disruptive technologies,” concludes the president of IPwe LATAM.

Press Contact
Mia Mixan
Corporate Marketing
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