I’m thrilled to announce that Patsnap has reached a significant milestone of achieving $100M in Annual Recurring Revenue (ARR), marking an impressive 20% year-over-year growth in 2023. This milestone highlights the massive and meaningful value our platform brings to over 12,000 IP and R&D teams across 50 countries, driving efficiency, productivity, and collaboration. 

Since our founding in 2007, Patsnap has been hard at work on our mission to transform how the world innovates. We empower companies of all sizes to harness IP data and advanced AI tools to propel their R&D efforts and strategic decision-making. 

In recent years, we’ve expanded our suite of services to address more use cases across the R&D value chain. Our offerings now include AI tools for patent drafting, claims charting, and freedom-to-operate searches, as well as solutions designed to accelerate discovery and enhance collaboration in the life sciences and materials sciences sectors. This comprehensive approach has been a cornerstone of our growth and market expansion. 

Central to our success is our unwavering focus on AI. Our in-house development of large language models (LLMs) trained on high-quality innovation data has enabled us to deliver groundbreaking tools that are revolutionizing how organizations approach innovation. One of our latest advancements, Patsnap Eureka, integrates powerful AI with widely used innovation methodologies to streamline the idea generation process. 

Our tools empower our customers to make more informed decisions, accelerate their innovation cycles, and gain a competitive edge. For example, our products tailored to drug-discovery and material discovery have achieved an annual compound growth rate exceeding 50% over the past three years, now serving over 200,000 users. 

Our vision is that one day, every R&D professional will use our tools to innovate faster and better. 

I am deeply grateful for the collective efforts of our team and the unwavering support from our customers globally. Our investment in AI remains a top priority, and we are laser-focused on advancing our robust suite of AI products to champion innovators across all scientific domains and verticals. 

While we are proud of the progress we’ve made, this is truly just the beginning. There is much more to come, and I look forward to sharing our future successes with you all.  

Thank you for being a part of our journey. Stay tuned! 

The post Patsnap Surpasses US$100 Million in Annual Recurring Revenue appeared first on Patsnap.

We are launching Hiro, our newest AI capability to enable IP and R&D teams to innovate faster and more efficiently, freeing up time to focus energy on creative problem-solving and collaboration.

Challenges IP and R&D teams face

With over 190 million patents, 192 million journal articles globally, tackling the challenge of information overload is paramount for IP and R&D teams. They need to stay up to date on the latest research, patents, and competitor activity, all while staying focused on innovation.

To compound these challenges, existing AI tools are either overly generalized or, even worse, function as black boxes, presenting users with unreliable results and even outright hallucinations. This lack of transparency not only undermines confidence for innovators, but also obstructs decision-making processes, leaving users to navigate uncertainty far too often.

Empowering Intelligence and Productivity: The AI Advantage

Powered by Patsnap’s industry-specific LLM, Hiro is designed to streamline IP and R&D workflows from ideation to product launch. With its robust AI capabilities, Hiro brings a new level of efficiency, precision, and security to tasks that were once time-consuming and labor-intensive.

What sets Hiro apart is that it draws from our large language model that’s been trained on market-leading patent records, academic papers, and proprietary innovation data. This ensures we deliver more accurate and reliable results for every prompt.

With Hiro, you can search, summarize, and analyze patents and technological landscapes in a matter of seconds. Built on AI principles that prioritize transparency, Hiro ensures you have visibility with linked sources, giving you more confidence to make critical decisions.

From asking Hiro to provide inspiration on new ideas in a technology field, or identifying technological challenges addressed in a patent, Hiro assists you in every step of innovation. Whether you opt for natural language queries or select from a prepared list, Hiro delivers relevant answers with references linked.

Here are some example questions:

With Hiro, sensitive IP information is protected behind Patsnap’s secure firewall, giving you peace of mind as you navigate the complexities of intellectual property management. Patsnap is the only industry player to use an in-house tuned LLM to mitigate the risk of data leakage, a crucial concern faced when utilizing other tools that send data to general purpose LLMs such as ChatGPT.

Our mission has always been to transform how the world innovates. Hiro is our latest progress towards making IP and R&D workflows as smart and seamless as possible. We’re excited for our users to apply state-of-the-art AI systems to their everyday work and experience the difference with Hiro.

Whether you’re an IP lawyer or R&D scientist, or curious to hear how Hiro on Patsnap can accelerate the innovation lifecycle, our team would be happy to help.

The post Introducing Hiro, an AI assistant built for IP and R&D workflows appeared first on Patsnap.

In the rapidly changing world of innovation, the electric vehicle (EV) industry represents a leading force in technological advancement. As countries worldwide seek sustainable alternatives to traditional vehicles, the competition to dominate the EV industry has intensified, with a particular focus on advanced power batteries.

Patsnap’s Innovation Capability Evaluation Model has identified the top 50 global innovative leaders in power battery technology, revealing a robust network of 64 research and development (R&D) partnerships among them. These collaborations have resulted in the joint development of an impressive 1,250 power battery technologies, showcasing the industry’s collective commitment to pushing technological boundaries.

As we move forward, it is essential to recognize and draw insights from the achievements of different visionary companies, whose dedication and accomplishments have opened doors to unprecedented opportunities for the entire sector, shaping the trajectory of power battery technology.

Jumps to:

• Powering the Future: Navigating the EV Revolution and Apple’s Electric Vehicle Odyssey
• The Evolving Landscape of Power Batteries in the NEV Industry
• Silicon Valley Tech vs Global Giants
• Cell Tech Evolution: Unleashing the Power within Batteries
• Patsnap’s Innovation Capability Evaluation Model: Power Battery Report 

Powering the Future: Navigating the EV Revolution and Apple’s Electric Vehicle Odyssey

In the ever-evolving landscape of innovation, the electric vehicle (EV) industry stands as a beacon of technological transformation. As nations globally rally for sustainable alternatives to jurassic invention, the race to crack the EV industry has become a focal point. At the core of this pursuit lies a critical element: advanced power batteries.

Even tech behemoth Apple, recognized for its innovation across diverse markets, has thrown its hat into the EV ring. Amid the rumors and anticipation surrounding Apple’s decade-long quest to launch its electric vehicle—codenamed Titan and T172—the recent revelation of a potential delay underscores the intricacies of navigating this dynamic field. Reports suggest that, despite the industry’s eagerness for Apple’s disruptive entry, the company has reevaluated its strategy, streamlining the design and pushing back the release by two years, now slated for 2028.

As we explore the patents propelling the EV revolution, Apple’s venture serves as a poignant example of the challenges even industry giants face in this competitive arena. Join us on a journey through the global patent landscape, where the quest for superior power solutions unfolds, and where the true pioneers of the EV revolution are making their mark.

The Evolving Landscape of Power Batteries in the NEV Industry

The power battery, a pivotal component of New Energy Vehicles (NEVs), plays a defining role as the primary power source, constituting approximately 40% of the total vehicle cost. This integral system sets NEVs apart from their traditional fuel-powered counterparts, positioning power batteries as the cornerstone of the electric mobility revolution.

The surge in demand for NEVs has led to an extraordinary expansion in power battery supply, growing several hundred times in the past decade. Industry leaders like Tesla and BYD have fueled this growth, contributing to a staggering increase from 1.08 GWh in 2011 to 517.9 GWh in 2022—a staggering 500-fold surge. This exponential rise underscores the vital role of advanced and efficient power batteries in sustaining the industry’s growth.

Lithium-ion batteries, dominant in the power arena, face challenges due to rising costs linked to lithium scarcity. Innovation in battery materials and structure, including sodium-ion and solid-state batteries, offers potential solutions. The power battery supply chain, illustrated through the lens of lithium-ion batteries, reveals a complex journey from raw materials to fully integrated components.

The historical evolution of power battery technology unfolds across four phases, culminating in a surge of 113 thousand technologies developed globally between 2002 and 2022. In the present, the industry experiences substantial growth, driven by supportive policies from major nations and collaborative innovations between Original Equipment Manufacturers (OEMs) and battery companies.

Technical research and development have seen explosive growth in the last two decades as well, with a focus on addressing key challenges related to cost, safety, battery life, and structure.

Silicon Valley Tech vs Global Giants

In the crucible of innovation, Silicon Valley’s tech powerhouses engage in a high-stakes clash with global automotive giants, reshaping the future of electric mobility. Here, patents are the battleground currency, and breakthroughs in solid-state batteries and energy density position the Valley at the vanguard of the electric revolution.

Global Technological Showdown

A global tapestry of innovation unfolds as Silicon Valley challenges traditional automakers, led by China, the undisputed powerhouse commanding a staggering 74% of power battery patent applications. Japan follows at 9%, the US at 6%, Germany at 4%, and South Korea at 3%. Together, these top five origins orchestrate a remarkable 96% of total patent applications, forging the frontlines of the electric battleground.

China’s rise, catalyzed in 2008 by the deployment of lithium-ion batteries in Olympic buses, is a testament to its sustained Compound Annual Growth Rate (CAGR) of 30%, solidifying its dominance in power battery patents.

China showcases the broadest deployment, filing 5,857 overseas patent applications. Meanwhile, the US reveals the deepest global engagement, with an impressive 61.5% of its total power battery patent applications filed abroad—a testament to its global tech influence.

There are a few noteworthy dynamics that have emerged:

1) The US becomes the central target for technology deployment, creating a hub for global technological competition.
2) A unique bidirectional dance unfolds between China and the US, revealing a deeply interwoven innovation relationship.
3) The largest power play occurs as Japan deploys 1,376 power battery patents to the US, symbolizing a critical stream in the global tech arena.

Cell Tech Evolution: Unleashing the Power within Batteries

Powering the electric mobility revolution are diverse cell types—from the historical lead-acid to the cutting-edge lithium-ion. Amidst emerging technologies like magnesium-ion and sodium-ion batteries, the race for supremacy unfolds, shaping the trajectory of electric power.

Lead-Acid:

A stalwart since 1859, lead-acid batteries, though aged, boast advantages like high capacity and safety. Thriving in low temperatures, they continue as vital starters in electric vehicles.

Ni-Cd Obsolescence:

Ni-Cd batteries fade into obsolescence due to environmental hazards and memory effect, eclipsed by their upgraded successor, Ni-MH.

Ni-MH Prowess:

Ni-MH, the ‘upgraded version,’ dominates hybrid vehicles, exemplified by the Toyota Prius. With a service life exceeding 200,000 cycles, Ni-MH secures its niche.

Lithium-ion Reign:

The go-to for NEVs, lithium-ion batteries dazzle with higher energy density, ushering in a new era. Because of lithium scarcity, sodium-ion batteries emerge as a potential game-changer.

Sodium-ion Promise:

Tapping into sodium’s abundance, sodium-ion batteries present a promising alternative, albeit with lower energy density. Surging at a remarkable CAGR of 32%, sodium-ion technology emerges as the fastest-growing power battery tech. China spearheads this surge, contributing 88% of all sodium-ion technologies, promising a cost-effective alternative.

Patsnap’s Innovation Capability Evaluation Model: Power Battery Report

Patsnap’s Innovation Capability Evaluation Model reveals 50 companies that have made remarkable strides in power battery technology in the past year, positioning themselves as global pioneers.

These trailblazers, marked by exceptional innovation, now stand as luminaries in the field, creating a global standard for power battery advancements. Their transformative achievements and milestones have not only impacted the industry but have become the cornerstone for ongoing research and development, shaping the trajectory of power battery technology. Their unwavering dedication and exceptional accomplishments have unearthed new possibilities, opening doors to unprecedented opportunities for the entire sector. As we look ahead, it is imperative to acknowledge and glean insights from the triumphs of these visionary companies.

Patsnap’s Innovation Capability Evaluation Model identifies the top 50 global innovative leaders in power battery technology, revealing a substantial network of 64 research and development (R&D) partnerships among them. These collaborations have led to the joint development of an impressive 1,250 power battery technologies, showcasing the industry’s collective commitment to pushing technological boundaries.

Noteworthy collaborations include Samsung SDI and Bosch, which have spearheaded extensive efforts resulting in 701 power battery technologies. Additionally, partnerships between DENSO and Toyota, as well as Nissan Motor and Renault, have significantly contributed to the innovation landscape, yielding 124 and 105 power battery technologies, respectively. The collaborations underscore a global trend, with Japanese and German leaders actively engaging in R&D partnerships.

Further analysis of the data reveals that 43 out of the total 64 cooperative R&D relationships involve innovative leaders from Japan, emphasizing a high level of engagement in collaborative efforts. In contrast, Germany has only five combinations of R&D cooperation. The vehicle industry’s leaders primarily collaborate within their sector, with 55% of the 24 global innovative leaders in the vehicle industry engaging in cooperative R&D. Additionally, there are 12 combinations of R&D cooperation between vehicle companies and Energy and Electrical companies, 8 between vehicle companies and battery companies, and 7 between vehicle companies and Machinery & Equipment companies.

Citations from Samsung SDI, a prominent player in the power battery industry, further highlight the interconnected nature of innovation. With 9,626 citations, Samsung SDI extensively draws on technological advancements from global leaders like Toyota, Bosch, LG Energy, and Nissan, emphasizing a collaborative approach to innovation. The high number of citations from various entities underscores the substantial contributions of these companies to the power battery industry.

Notably, Samsung SDI’s acknowledgment of the significance of collaborating with major vehicle manufacturers, including Volkswagen, Ford, Toyota, Hyundai, and BMW, emphasizes the critical role of diverse partnerships in advancing power battery technologies. Similarly, LG Energy’s power battery technologies, with 10,422 citations, serve as a reference for battery and vehicle companies alike, emphasizing the influential role played by leaders in shaping the industry’s technological landscape. These insights highlight the intricate web of collaboration and knowledge exchange driving innovation in the power battery sector.

In conclusion, the dynamic landscape of EV innovation is steered by the pivotal role of power batteries. The emphasis on collaboration, exemplified by 64 R&D partnerships among global innovative leaders underscores the collective commitment to pushing technological boundaries together.

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The post Powering the Future of Electric Vehicles: The Battle for Battery Innovation and Patents appeared first on Patsnap.

The rise of impressive generative AI models like OpenAI’s Sora is sparking questions about how intellectual property law will need to adapt. The main areas of disruption include determining ownership of IP created by AI systems, as current laws only recognize human “authors” and “inventors.” While Sora and similar AI models produce high-quality outputs, they are still limited in their true understanding and may just be highly sophisticated imitations.

But how will the real transformative impact of AI come about, and what implications might this have for intellectual property law? 

Watch our video: Sora and AI: Who Really Owns AI Creations?

Jump to:

The Disruptive Potential of Generative AI in Intellectual Property Law

The Limits of Generative AI and the True Disruptive Potential

Adapting Intellectual Property Laws to the Era of AI-Driven Innovation

Closing Comments

The Disruptive Potential of Generative AI in Intellectual Property Law

OpenAI’s Sora software, a text-to-video generative AI model, recently made headlines showing a series of 1-paragraph prompts and some high-quality footage generated based on those prompts. It is a rightfully impressive showing, but it’s still too early to identify how IP law will be disrupted by generative AI.

The first area of possible disruption is who (if anyone) owns the rights to a work or an invention created by AI?  The US Constitution reserves copyrights and patents to “Authors and Inventors,” which thus far has been interpreted as limited only to human beings.  There are similar provisions in, for example, the European Patent Convention. As recently as the “monkey selfie” case (finally resolved in 2018), where a photographer left a camera out for a monkey to play with and then advocacy groups tried to claim copyright of the photograph on behalf of the monkey (the photographer also unsuccessfully tried to claim copyright), limiting authorship and inventorship to humans was not particularly in dispute in the legal world. There simply had not been any reason to alter the fundamental rationale of IP protection: in exchange for the hard work of creating the invention or the work and to incentivize this hard work, the creator receives a limited monopoly over monetizing it. 

With generative AI like Sora, however, it is now possible to reward a person’s (rather, peoples’) hard work in setting up the model that created the invention or the work.  For example, GPT-3 required 45 terabytes of training data, which cost several million dollars and uncounted person-hours of time and expertise. This is a significant investment, which if it can create a sufficient benefit to society, should be rewarded by changing IP law to incentivize it.

This is not an open-and-shut case.  Sora, and other generative AI, is an expensive tool for creating limited outputs.  Creating and operating a generative AI like Sora is a non-trivial exercise, with millions of dollars and person-hours devoted to collecting, curating, and then supervising any AI’s interaction with its training data. AI-assisted creation is and will be the provenance of large corporations that can foot that bill, or else services like Patsnap which specifically offer AI functionality to subscribers. The classic garage inventor or independent filmmaker will not have access to AI. A modern George Lucas could not use AI to make Star Wars.  Also, garbage in-garbage out is still true, and the quality of the AI’s training and interaction can be variable (as shown recently by Google), even with the best intentions.

The Limits of Generative AI and the True Disruptive Potential

My own experiments with generating prompts shows that the AI is always returning something that doesn’t—quite—match what I had in mind when I wrote the prompt. The technology is still in its infancy and may end like 1950s-era predictions of nuclear-powered cars and frequent commercial space travel by, to pick one example, the year 2001. It is not a sure thing that AI will reach the level of quality that its proponents are suggesting.

More importantly, even AIs that “understand” their field really don’t.

Just as computers swiftly execute repetitive tasks to produce complex outputs, AI engages in iterative pattern-matching and sorting to determine—admittedly, complex–associations. In the terms of the classic syllogism, AI does not understand that Socrates is mortal because mortality is an inherent attribute of humans, it has merely identified that there is an association between data labelled as a “human,” and data labelled “mortal.” This is how AIs frequently suffer “hallucinations” in which they present things which simply are not true. Data labelled “cat” is also associated with “mortal,” even where CAT cable or Navy catapults or other, non-feline uses of the word are encountered.

In addition, sometimes there is not an association to reproduce so that a normal run of an image-generating AI like Stable Diffusion produces many images that are not kept after human review—figures have misshapen faces or anatomical impossibilities created by the AI. In the world of litigation, multiple attorneys have been sanctioned after filing ChatGPT-drafted legal briefs which cited cases which simply don’t exist. 

In the case of Sora, despite some commentators being impressed by the AI “understanding” cinematic language, it really does not. AIs like Sora are inextricably tied to their training data and they more-or-less reproduce a “best fit” imitation of the associations detected in that data. Assuming Open AI trained Sora on competently shot and directed video (not on the entire corpus of YouTube or TikTok), it would be surprising if it didn’t show competent camera work. Should IP law upend its underlying assumptions to incentivize mere imitation? While it is tempting to imagine that AI will continue advancing based on its “understanding” of the world, it would be a mistake to attribute abilities that AIs, by design, simply do not have.

The second, and most long-lasting, area of disruption will come as inventors and practitioners leverage AI to enhance their own processes. This is where the true disruption will occur, and it will organically arise from the practitioners as new use cases for the pattern-matching and associations are found. In the 1940s, a “computer” was a person, often a woman with significant math skills but few job prospects to make use of them. By the end of World War 2, primitive electronic computers were in use to, for example, decode German Enigma messages. By 1976, the Cray-1 supercomputer was the size of a closet and used an 80 MHz processor and a little more than 8 MB of RAM (simplified for comparison’s sake).  By 2024, most people carry around in their pockets a device with multiple gigahertz processors and RAM, 1000x improvements. A user looking at a Cray might think through miniaturization and Moore’s law and determine some of the use cases of modern smartphones, but simply could not imagine all the intersections of cameras, video, sensors, etc. that have come to pass.

Adapting Intellectual Property Laws to the Era of AI-Driven Innovation

But a few things are clear:  AI’s ability to sort and classify, and then extrapolate based on those classifications to generate new material, will give new inventors and patent-seekers the ability to iterate on hundreds or even thousands of alternatives to find novelty, or to invent around competitors. Adding AI to existing use cases (vehicle sensors, for one), will also be areas of invention. It’s entirely possible that patent law will need to revisit the Alice decision in light of the integration of AI into business.

“Disruption” will be the word of the day.  The unfolding spectacle of its impact across industries and where exactly that disruption will take place, will be fascinating to watch.

Closing Comments:

The path forward may not be straightforward, but the journey promises to be a captivating one, with the full impact of AI’s disruption on the IP landscape yet to be fully realized. As stakeholders from all sectors grapple with these emerging issues, the legal and business communities will play a pivotal role in shaping the future of innovation and creativity.

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Author Bio

Christopher Klimovski is a dynamic professional, leveraging his diverse educational background encompassing a Bachelor’s degree in Medical Science and a Juris Doctorate specializing in Intellectual Property law to delve into the realms of futurism and technological disruption. With a passion for exploring the intersections of science, law, and technology, he crafts insightful analyses that illuminate the implications of cutting-edge advancements on society, industry, and beyond. Christopher’s work is characterized by its depth, clarity, and foresight, as he navigates complex ethical and legal landscapes to offer readers a glimpse into the possibilities and challenges of an ever-evolving future.

The post The People vs. AI: Who Owns Ideas in the Era of Generative Artificial Intelligence? appeared first on Patsnap.

In this article we will delve into Patsnap Bio’s newest release, the world’s first chemical modification search tool and how it can improve sequence searching techniques, and streamline freedom to operate (FTO) analysis.

What is Sequence Modification? 

Sequence modification is central to drug development and intellectual property (IP) protection. It involves changing a protein or nucleic acid sequence by adding chemical groups at specific regions, inducing functional changes. Fluorescent labeling, glycosylation, and phosphorylation are just a few of the many modification techniques available to achieve optimal therapeutic properties, such as high bioavailability and target specificity, extended half-life, and reduced off-target effects. By understanding the intricacies of sequence modification, researchers can navigate the complexities of therapeutic development more effectively, ultimately advancing the frontier of medicine and improving patient outcomes.   

Establishing Patentability of Sequences

Sequence-based searches are crucial for determining the patentability of new sequences. They help to navigate the existing IP landscapes and pinpoint potential infringement risks. In fields like nucleic acid technologies, the strategic use of chemical modifications is essential. These modifications are instrumental in crafting drugs that optimize the effectiveness of oligonucleotides, making them viable for tackling complex diseases.

Despite its significance, the lack of standardization in describing chemical modifications in patents remains a glaring gap. Patent descriptions of modifications are often highly individualistic – for instance, 2’-O-methyl and 2’-ome both denote the same modification of rRNA. This poses a challenge in retrieving relevant patents when using traditional search methods and undermines the accuracy of FTO searches.  

To overcome this, researchers must utilize a range of labor-intensive search methods. This includes combining traditional sequence searches with exhaustive keyword searches to capture all potential variations of a modification. Subsequently, they must then meticulously review modification data for each sequence manually, item by item.  

Patsnap Bio Modification Search

Patsnap Bio eliminates these challenges by offering innovators a way to curate and analyze sequence modification data faster and with more confidence, leveraging AI. The newly introduced Modification search enables users to search for site-specific modifications, with or without a query sequence, drawing from a database of over 1.5M modified sequences. This capability addresses essential questions such as: 

• How widely is this modification used?   
• What existing prior art contains this modification? 
• What other modifications are related to my query? 

By facilitating the comprehensive retrieval and understanding of sequence modification data, Patsnap Bio empowers researchers, IP professionals, and R&D personnel to effectively approach the design and optimization of world-class therapeutics. 

Key Features

• Standardized modification library: Leveraging advanced AI and meticulous manual curation, Patsnap Bio consolidates sequence modification data into a standardized library. This data features nine major categories and 382 subcategories of chemical modification types, ensuring comprehensive coverage. 
• Flexible search options: Offering both a sequence-based and sequence-free search option, Patsnap Bio’s modification search facilitates the identification of trends and insights surrounding a specific modification. For a sequence-based query, up to 200 target sequences can be searched at once, using local or global alignment methods.

• Visualize modification trends: Equipped with robust visualization tools, Patsnap Bio enables users to seamlessly explore the distribution of chemical modifications within their search results. These tools facilitate the extraction of valuable insights related to queried sequences or modification types, enhancing decision making processes.

• In-depth source analysis: Identify new opportunities and assess patentability of inventions by quickly accessing the corresponding patents to your search results and diving into the modification claims.

• Instant modification report: With just one-click, generate exportable reports summarizing the distribution of hit modifications, as well as a summary of all other sequence modifications within a result set. These reports expedite the identification and compilation of actionable insights for further analysis and decision making.

Patsnap Bio: Charting the Future of Biotherapeutic Innovation 

Offering unparalleled functionality and insights into the world of biosequences, Patsnap Bio is introducing a new era of efficiency and precision to the world of biotherapeutic innovation. 

To learn more about Patsnap’s new Modification search, book a demo to see it in action, or try Patsnap Bio for free today.

The post Revolutionizing Biosequence Analysis: Introducing the First Modification Search Tool appeared first on Patsnap.

Seamless Data Integration for Effective Decision-Making

The BizInt Smart Charts product family offers tailored solutions for creating, customizing, and delivering intellectual property (IP) reports and visualizations. The integration of Patsnap and BizInt Smart Charts ensures a smooth workflow for users to customize data exports and craft tabular reports within BizInt Smart Charts, seamlessly merging Patsnap Analytics data with other IP datasets in a user-friendly format.  

BizInt Smart Charts’ reporting and visualization tools simplify the complex process of analyzing and distributing patent information. By combining data from various databases into interactive reports, patent professionals gain actionable intelligence for IP surveillance, whitespace analysis, Freedom to Operate searches, and more. Leveraging Patsnap’s extensive patent database, of over 187 million patents, adds an extra layer of confidence to the analysis.   

This collaboration not only combines the strengths of Patsnap’s extensive patent database and BizInt Smart Charts’ advanced reporting and visualization tools, but also introduces a cross-platform functionality that streamlines workflows. This optimization empowers users to save valuable time and resources in their IP workflows. 

According to Haydn Evans, Patsnap’s Go-To-Market leader: “Joining forces with BizInt further elevates the innovation toolkit for Patsnap’s data-driven innovators, and we’re especially thrilled at the impact this cross-platform functionality will bring to our pharma and life science users in accelerating their drug landscaping and development capabilities. This is a glimpse into our ongoing commitment to streamline and supercharge the global innovation cycle by building tools for enterprises racing to get the best products to market.” 

Available Now – Streamline Your Patent Workflow! 

The BizInt Smart Charts and Patsnap integration is now live, offering patent professionals a unified platform designed to streamline workflows and enhance decision-making. For more information, schedule a consultation with one of our innovation experts today. 

The post Transforming Patent Intelligence: Patsnap Partners with BizInt Smart Charts appeared first on Patsnap.

Introducing Family Search Mode! Explore the power of Patsnap’s Analytics tool like never before.

You can now conduct patent searches that treat each patent family as a unit of data. By shifting the focus away from isolated patent records to comprehensive patent families, you can delve into a realm where innovation is interconnected and extends beyond individual concepts.  

This innovative search approach empowers you to easily discern how elements within a patent family contribute to the overarching narrative of technological advancement. It proves instrumental in reinforcing crucial searches like freedom to operate, playing a pivotal role in unveiling the comprehensive scope of an invention. The outcome? Significantly enhanced quality and depth in your patent analysis, offering a more nuanced and insightful perspective into the realm of intellectual property.  

That’s not all! With Family Search Mode, you will gain instant access to a robust suite of family-level analysis tools, meticulously designed for unlocking family-level intelligence – all in record time! From our newly crafted Family Overview Page to family-wide custom field tagging – unlocking insights on patent families is now easier than ever! 

About Patsnap

Founded in 2007, Patsnap is the company behind the world’s leading AI-powered innovation intelligence platform. Patsnap provides global businesses with a connected, easy-to-use platform that helps them make better decisions in the innovation process. Customers are innovators across multiple industry sectors, including agriculture and chemicals, consumer goods, food and beverage, life sciences, automotive, oil and gas, professional services, aviation and aerospace, and education.   

Media Contact:     

Kate White

Email: kwhite@patsnap.com

The post Patsnap’s Analytics Launches Family Mode Searching appeared first on Patsnap.

At the recent Growth Industry Conference (GRIC) 2023 held in Tokyo, Guan Dian, Patsnap’s co-founder, unveiled the company’s strategic plans in Japan for the future. GRIC 2023 is Japan’s largest hybrid global conference and community specializing in the growth industry with the goal of elevating the country’s startup ecosystem to global standards.

During a panel session at the conference moderated by Nikkei’s Tsubasa Suruga, Guan and Carmen Yuen, general partner of Vertex Ventures Southeast Asia and India, shared more on Patsnap’s global strategy ahead. Vertex Ventures is one of the early backers of the Singapore-founded tech unicorn.

Reiterating Patsnap’s commitment to the Japanese market and underscoring the soaring demand for data integrity from Japanese clients, Guan assured the audience that the global leader in innovation and intellectual property intelligence is geared to meet their requirements and needs.

To date, Patsnap has successfully acquired 150 corporate clients in Japan, bearing testimony to its strong presence in the top-tier corporate market.

Over the past two years, Japan has also emerged as Patsnap’s fastest-growing market, boasting an average annual growth rate of more than 100 per cent, according to Guan. Recognising Japan’s rich landscape of innovative companies and substantial investments in research and development, Patsnap plans to augment the local office to capitalise on the opportunities, as well as foster the generation of groundbreaking solutions in various industry sectors.

Guan added: “We are excited about furthering our investment in Japan and are looking to expand our team. This way, we can acquire more customers and enhance our capability to provide timely and customised services tailored to clients’ needs. The positive feedback and support from our customers fuel our determination to strengthen our presence in Japan, in order to ensure that we continue to meet and exceed the expectations of our growing client base.”

In the detailed discussion, Guan also elaborated on how Patsnap gained global recognition for utilising advanced AI technology to efficiently process vast amounts of information to support enterprises and individuals in discovering new opportunities in highly competitive environments.

For its current user base of more than 12,000 customers in 50 countries, the company serves as an indispensable resource for accessing market technology, competitive intelligence, and patent insights essential for guiding product development from ideation to successful commercialization.

For more information about Patsnap and its solutions, visit www.patsnap.com or click the link below.

About Patsnap

Founded in 2007, Patsnap is the company behind the world’s leading AI-powered innovation intelligence platform. Patsnap provides global businesses with a connected, easy-to-use platform that helps them make better decisions in the innovation process. Customers are innovators across multiple industry sectors, including agriculture and chemicals, consumer goods, food and beverage, life sciences, automotive, oil and gas, professional services, aviation and aerospace, and education. www.patsnap.com

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Technological innovation is advancing at an ever-increasing pace. Over the past decade, global research and development (R&D) spending, a pivotal driver of technological innovation, has grown from 2.00% of GDP to 2.63%. After over a century of combined effort, 100 million patents were filed as of 2017, serving as the legal proof of technological innovation. This number is expected to double within the next ten years. While the realm of innovation encompasses a wide array of individuals, organizations, and institutions, it is undeniable that a significant portion of groundbreaking innovations can be attributed to a select group of tech companies.

Patsnap releases our very first Global Innovation Report, to identify and celebrate these innovation frontrunners, built on our proprietary “Innovation Capability Evaluation Model”. We identify and celebrate both the world’s top innovators, the Global Innovation 100, who have consistently pushed the boundaries of technology, and the rising Global Disruption 50, young companies who have developed remarkable technology capabilities, bringing disruptive change to the world. These global innovators and disruptors together represent the dynamic landscape of innovation, shaping the future of technology across a diverse array of industries.

Beyond the identification of these companies, we also illustrate some insights into the essence of their innovation. The Global Innovation 100 and Global Disruption 50 are not just 150 individual companies, each of them represents a small innovation ecosystem as there can be hundreds of subsidiaries within each organization. Together they represent the dynamic landscape of innovation, shaping the future of technology across a diverse array of industries.

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Who are the 2023 Global Innovation 100?

Who are the 2023 Global Disruption 50?

Innovation is Deeply Interconnected

Methodology Behind the Report

Who are the 2023 Global Innovation 100?

The Global Innovation 100 are the greatest innovators of this era. Over the years, they have led the world’s technology progress, and consistently outperform others in technology innovation.  They are also trailblazers in the innovation ecosystem. They exert a profound influence on companies both within and beyond their respective industries, propelling the advancement of our times.

In the 2023 list, the 100 tech giants demonstrate distinctive capability in all the four technology dimensions. They have a huge technology size with outstanding technology quality, radiating profound technology influence, and a high degree of technology globalization.

Each company also has its own technology characteristics. For example, Samsung Electronics has the largest technology size, who filed a total of 884K patents. Johnson & Johnson outperforms all the others in terms of technology influence, whose patents are totally cited at 6.6M times high. In terms of technology globalization, Huawei has 64K PCT patent filings, and Pfizer’s patents cover a staggering 138 countries and regions – both are top among the 100 companies.

The Global Innovation 100 contribute to a quarter of the World’s technology innovation. Together, they are holding 3.58M valid inventions, which accounts for 22% of the world’s total technology assets. While in terms of technology globalization, they totally filed 1.27M PCT patents, indicating a 27% presence in the international technology competition. Most important of all, their patents are cited 153M total times, contributing to as much as 35% of the world’s technology inspiration. Despite these impressive innovation numbers, these 100 companies, alongside with their 68K tech subsidiaries, they account for less than 2% of the world’s total number of tech companies.

The Global Innovation 100 come from a variety of regions and industries. These top innovators come from 11 industries, 70% of them falling in Life Science & Healthcare, Chemicals & Materials, Electronics and Machinery & Equipment. Among them, Asian companies has a higher percentage in Chemical & Materials, Electronics and Machinery & Equipment, while their American and European counterparts have particularly strong presence in Life Science & Healthcare. In terms of geographical distribution, they come from 15 countries/regions. But in terms of patent applications, their technology footprints spread over the world.

Although showing signs of a slowing pace of innovation, the Global Innovation 100 are taking active steps to develop cutting-edge technologies. They have an average technology growth rate of -2.3% over recent years, slightly lower than overall global technology growth and economic growth. Only one in five of the 100 companies listed has maintained positive growth. But they are also gaining strong growth on some cutting-edge fields, such as smart grids and biomedical engineering. These “high-growth” tech subsidiaries are mainly concentrated in Asia and the U.S.. Both in-house incubation and external acquisition are used to build their portfolios.

Who are the 2023 Global Disruption 50?

The Global Disruption 50 are highly ambitious companies that demonstrate disruptive innovation capabilities and keep growing fast. They often lead to awe-inspiring breakthroughs and bring about disruptive changes in the established world, inspiring new possibilities. They have the potential to become future Global Innovation 100 members. We use our proprietary Model to select those top performers, with important restrictions of being “young” and “active”.

In the 2023 list, we see those young pursuers demonstrate vigorous ambition and significant progress. Founded between 2009-2019, these organizations have built up an astonishing technology competitiveness in less than 15 years. They also exhibit a high growth rate with an average patent application CAGR of 51%. 

Despite their relatively modest size and limited global coverage, these organizations are already showcasing a potent technological influence. A typical Disruption 50 company has only about 3600 patent applications, 2% of the size of an Innovation 100 company. They are also far less globalized, since their technologies only touch averagely 19 countries or regions, merely 1/4 of the average of Innovation 100. However, each of its patents receive 8.3 citations, almost equal to that of a Global Innovation 100 company. Top technology influencers include Snap, Kioxia, Cerence, Stripe etc., whose top 10 cited patents are cited 300-600 times on the average.

The Global Disruption 50 companies mostly come from the U.S. and China. The U.S. maintains a dominant position, accounting for half of the list. And most of them are focusing on Information Technology and Life Science & Healthcare. China is rapidly advancing with 20 companies, particularly in High-Tech Manufacturing, a strong contrast to its relatively weak presence in Global Innovation 100. Other 5 companies come from Japan, Australia, U.K., Ireland and Netherlands, one in each country.

From the Global Innovation 100 to the Global Disruption 50, the world’s innovation is shifting from a physical “world of Atoms”, to a digital “world of Bits”, and even a “world of Atoms empowered by Bits”. Nearly 30% of the Global Disruption 50 companies are from the IT domain. While DoorDash provides online food delivery services in the U.S., Lyft provides online shared transport services. And Zoom is reinventing the conventional teleconference with revolutionary online tools. Many participants from other industries are also offering solutions integrating physical products and digital services. For example, Peloton Interactive is a game-changer in the fitness sector providing workout equipment as well as software and platforms. Pateo is the end-to-end solution provider for the Internet of vehicles from automotive electronics and software to operating systems.

Innovation is Deeply Interconnected

The abundant tech data behind the Global Innovation 100 and Global Disruption 50 also sheds light on the overall landscape of innovation. We can clearly see that innovation is deeply interconnected.

Innovation collaboration is Ubiquitous. The Global Innovation 100 collaborate closely with each other in R&D. 99 out of the Global Innovation 100 participants have collaborated on technology innovation with others from the list. And each global innovative leader has averagely 26 partners in the list. Jointly, they have filed a staggering 85K patents. Those with the most partners are Panasonic, Siemens and Hitachi, each with around 50 partners. While those with the most joint patent applications are Toyota, Denso and Hitachi, each with more than 10K joint patent applications.

Interestingly, these tech giants also demonstrate different collaboration preferences. The U.S.’s 36 companies among Global Innovation 100 are more inclined to file joint patent applications with their overseas counterparts. Their joint patent applications with domestic counterparts are 40% of that with overseas counterparts. By contrast, the Japanese ones prefer cooperating with domestic counterparts, their joint patent applications with domestic counterparts being 6 times that of overseas ones. When we take a closer look at the top 10 technology partners of Global Innovation 100, 9 pairs out of 10 are from Japan. The top pair are Toyota and Denso. Denso, as a former subsidiary of Toyota, continues to technologically cooperate with Toyota after its spinoff. The 2 companies have jointly filed as many as 13K patent applications with each other. Additionally, Toyota Motor and Sumitomo Electric have more than 2K joint patent applications, and so do NEC and Fujitsu. Only 1 pair is from the U.S, namely, Abbott and AbbVie, who have jointly filed 1.2K patent applications.

The Global Disruption 50 participants also have strong relationship with the Global Innovation 100. 5 out of the 50 companies are spinoff from other well-established tech giants, some of which are even among the Innovation 100. For example, Resideo and Advansix are both spin-offs from Honeywell, one of the 2023 Global Innovation 100 companies. Kioxia, the Japanese semiconductor leader, inherited the core semiconductor technology of nearly 20K patents from its former parent company Toshiba, who is also one of this year’s Global Innovation 100. With the “legacies” they have inherited from their former owners, these companies have obtained unique technology advantages from day one, and they continue to make technology breakthroughs.

Methodology Behind the Report

Patsnap’s annual Global innovation report is constructed based on Company Innovation Capability Evaluation Model. The model includes 1+4 dimensions, namely, 1 enterprise competitiveness dimension and 4 technology dimensions, i.e., Technology Size, Technology Quality, Technology Influence and Technology globalization. Integrating all the 40+ indicators up, each tech company has a final score of innovation capability.

Based on the model, we keep evaluating innovation capability of the ~100 million tech companies all over the world, as well as their comprehensive innovation metrics, with a complex calculation of the ~180 million patents behind them.

In the report, we use the model to select the top performers as this year’s “Global Innovation 100”. And for “Global Disruption 50”, we keep the top performance as the core criteria, while adding 2 restrictive conditions of being “young” and “active”: they should be less than 15 years since founding, and their patent growth in past 3 years should have an annual growth rate of at least 10%.

It should be noted that all the companies listed are independent, not subsidiaries of any other company.

Enhance your understanding of global innovation by delving into the full report.

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Rapid Evolution and Ambitious Growth:

Formation and Growth:

Emerging within the last 15 years, the Global Disruption 50 participants are dynamic entities rapidly cultivating remarkable technological capabilities. Unlike the established giants of the Global Innovation 100, these disruptors, on average, are around 15 years old and boast an impressive growth rate of approximately 50% per year, outpacing both global averages and the slower-growing or stagnating Global Innovation 100.

Innovation Profile:

A typical “innovation profile” of a 2023 Global Disruption 50 company is characterized by a medium technology size, averaging around 3,600 patent applications. Their technology quality is solid, reflected in an invention application percentage of 87%. Despite limited technology globalization, with patents applied for in only 19 countries/regions on average, these disruptors exhibit a strong technology influence, with each patent cited more than 8 times on average.

Comparative Analysis with Global Innovation 100:

Technological Impact:

Despite a relatively modest size and limited global coverage, the 2023 Global Disruption 50 are already demonstrating a potent technological influence, instigating profound transformations across the world. Their technology quality and influence almost match those of the established Global Innovation 100, showcasing the disruptive potential within their compact portfolios.

Invention Application Percentage:

A typical Disruption 50 company boasts an invention application percentage of 87%, aligning closely with an Innovation 100 company’s 91%, highlighting a similar commitment to high-quality innovation.

Patent Citations:

The average number of patent citations for a Disruption 50 company stands at 8.3 times, closely paralleling the Global Innovation 100’s 8.6 times. This similarity underscores the impactful nature of the disruptive technologies being developed by the rising stars.

Technological Globalization:

While the Global Disruption 50 are less technologically globalized compared to their Innovation 100 counterparts, with patents covering only 1/4th the geographic range, their focused influence is already triggering transformative shifts in targeted regions.

Visual Insights into Disruption:

The report is enriched with graphical representations, offering intuitive insights into the disruptive capabilities of the 2023 Global Disruption 50, highlighting their unique strengths and impact on the global technological landscape.

The Patsnap 2023 Global Disruption 50, though relatively nascent in their journey, are proving to be dynamic forces of innovation. With their ambitious growth, solid technological capabilities, and impactful influence, these disruptors are reshaping the innovation narrative. For a comprehensive analysis and deeper insights, explore our 2023 Global Innovation Report and witness the disruptive potential that is redefining the future of innovation.

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