25 February 2021News
IAM Speaks with Erich Spangenberg on IP Market Outlook and How AI is Transforming Patent Monetization and Investment
In an exclusive interview with IAM, Erich Spangenberg talks candidly about the need to ‘dismantle silos’ in the world of intellectual property, how AI can fundamentally disrupt patent monetization & investment, and the roadmap for the IPwe platform to connect and centralize the decentralized IP ecosystem.
“As technology demystifies IP, money will flow into the space like never before”, said IPwe Chief Executive Officer, Erich Spangenberg. AI and blockchain not only mean quicker execution and lower transaction costs, but could also transform patent and IP management. The technology is making patents understandable at a level adequate for non-experts – thus transforming patents as an asset class. More money than ever before is flowing into the IP space and the sums are only going to increase.
Founded in 2018, IPwe is a global innovation platform leveraging the power of artificial intelligence, predictive analytics and blockchain technology. Through the IPwe Platform, large enterprises, SMEs, owners, those looking to enhance their innovation profiles and those with a legal, technical or financial focus benefit from IPwe’s mission to empower innovation in emerging technologies. IPwe is committed to improving ROI whether measured by dollar returns, jobs created, ventures launched, or problems solved by increasing transparency, lowering costs and enhancing returns for the entire innovation ecosystem.