SME tailor-designed patent portfolio analysis

The management of patents is acknowledged to be closely correlated to a company's profits. Thus, evaluation of patent portfolios is an essential task for companies producing or depending on technology-related products. While global players and consultants already have considerable experience in this field, no tool has so far been available that meets SME requirements. The Innovation and Patent-Centre at the Chamber of Commerce in Hamburg, a German think tank for patent management, has now developed a tool specially suited for SMEs. The article describes the methodology of the tool and compares it to other state-of-the-art tools. The tool gives an easy-to-understand overview for personnel with different professional backgrounds and facilitates strategic cross-functional discussions. Field tests carried out with SMEs in different industry sectors and with varying patent portfolio sizes and structures have shown good results.Patent strategy Business strategy Patent management IP management Patent evaluation Patent portfolio analysis SME Medium-sized companies