Identify White Space for IP Generation or Acquisition. Doing a patent landscape on its core technology can help a company identify potential opportunities for development work and IP generation. A patent landscape that includes both core, adjacent, and downstream technology opens up even more opportunity to use intellectual property strategically. West Four has helped its clients identify new areas for investment to strengthen their IP position by either adjusting R&D or filing strategy, by acquisition or by strategic license agreement.
Value Chain Analysis to Compare Portfolio against Competitors, Suppliers, and Customers. A value chain analysis allows a company to understand how its patent portfolio compares to the portfolios of competitors, suppliers and customers both in the company’s core technology and in adjacent segments. While other companies use software-generated reports and presentations, West Four customizes its searches and reports to answer its clients’ questions and address the clients’ specific needs.
Optimize Invention Generation Process. West Four can help companies optimize their invention generation process, which increases the number of disclosures and the quality of the disclosures. West Four advisors serve as a facilitator between the company’s inventors and its patent attorney as well as lead targeted brainstorming sessions designed to identify and solve technological problems and lead to new invention disclosures. West Four also conducts patentability searches.
Trade Secret Audit to Identify and Protect Proprietary Information. Given the complexities and cost of seeking patent protection as well as the disclosure requirements, companies are increasingly choosing to maintain proprietary solutions as trade secrets. West Four has helped clients identify trade secrets and implemented procedures to ensure that the information is appropriately protected.
Ensure Portfolio Scope is Appropriate for Product/Service Mix and Geography. Companies that use intellectual property successfully and strategically will have alignment between the business strategy and intellectual property generation and protection strategy. The high cost of patent prosecution and global maintenance fees puts a premium on ensuring that resources are not wasted on assets that end up being non-core to the business. West Four has successfully helped its clients review their intellectual property portfolio and “right sized” and “right scoped” it to the clients’ business strategy and then implement and plan to ensure that the filing strategy stayed aligned with the business goals.