Activity
IPBC Taiwan 2018 Reveals the Latest Trends in IP Rights
ITRI and the world-renowned intellectual property (IP) business media platform Intellectual Asset Management (IAM) co-hosted IPBC Taiwan 2018 in Taipei on April 17. The event provided valuable insights for enterprises in enhancing the value of their patents. Over 240 IP strategists and R&D chief technology officers along with representatives from the public sector gathered to share practical experiences in the commercialization of IP.
ITRI and IAM co-hosted IPBC Taiwan 2018 in Taipei, Taiwan on April 17.
At IPBC Taiwan 2018, Steven Liu, Director of MediaTek’s IP Division, Marcus Woo, Vice President and General Counsel of HTC Corp., and other experts shared cases involving risk management of new patents and elaborated on how to strengthen the risk management abilities of Taiwan’s enterprises. These discussions were aimed at helping local firms seize AI- and IoT-related business opportunities and reduce possible losses associated with the management of IP risks derived from new technologies. Changhae Park, NXP Semiconductors’ Vice President of IP Monetization, and Spencer Yu, AU Optronics Corp.’s Director of Intellectual Property, also shared their expertise on how best to use AI technology and big data to identify valuable patents, which will improve the quality of IP and create greater value for enterprises.
ITRI Executive Vice President Pei-Zen Chang stated that ITRI is a world-leading technology R&D institution aiming to innovate a better future for society. It has also played a vital role in creating valuable IP. Until today, ITRI has accumulated over 28,000 patents, 98% of which are invention patents. It has been active in licensing its technologies to industry and delivering high-quality patent portfolios that involve cross-disciplinary technology innovation.
Experts shared IP development strategies and practical experiences at IPBC Taiwan 2018.
Peng-Yu Wang, General Director of ITRI’s Technology Transfer and Law Center, commented that Taiwan’s industrial community needs to strengthen its strategic use of patents and IP. While IP can serve as a defense in litigation, it can also be used as a market instrument. Actively using stockpiles of patents enables patents to become important assets of a company. For example, patents can be used in cross licensing with other firms, in commercial negotiations, as a means to enter the international supply chain, and even as a fiscal tool that yields tax benefits and investment incentives, which consequently foster greater commercial value and a stable source of revenue for companies. This, he said, is in fact how the term “intellectual property” came about.
Mr. Wang stressed that given the trend toward multi-disciplinary technology, top quality patent portfolios have become more important. This is particularly the case in rapidly growing sectors such as AI, IoT, and autonomous vehicles, which rely on a broad spectrum of innovative technologies, including information technology, machinery, materials, and chemicals. Analyses of patent portfolios systematically examine the strengths and weaknesses of each technical field, thereby avoiding the duplication and waste of resources. The patents in these portfolios are thus complementary and help to maximize the strengths of companies, he said.
The Event & Its Host
About IPBC
Since it was launched in Amsterdam in 2008, the IPBC series of events has established itself as the world’s principal forum for discussion of the issues surrounding IP value creation. As recent events have shown – whether held in San Francisco, Barcelona or Tokyo – the format works because it brings together the most senior representatives from across the IP industry and the world, not just to discuss IP business, but also to do deals.
About IAM
IAM is universally acknowledged as the world’s leading IP business information provider. It was launched in July 2003 to address the ways in which businesses and other entities can maximize the value of their intellectual property and other intangibles, and to examine the strategies that they can employ to do this. IAM is unique because it treats intellectual property as a business asset and tool, rather than simply as a legal right. With this unequalled appeal to the boardroom, IAM has firmly established itself as the only IP information platform that many senior corporate executives read regularly.