Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

US LAW FIRM PIONEERS ‘TECH TRANSFER TO-GO’ USING PATSNAP
US LAW FIRM PIONEERS ‘TECH TRANSFER TO-GO’ USING PATSNAP

Published : , on

PatSnap, the world’s leading provider of research and development (R&D) analytics, has today revealed that Melissa Silverstein Law PLLC, an intellectual property (IP) management and technology commercialisation law firm headquartered in El Paso, Texas, is disrupting the technology transfer industry using PatSnap’s cloud-based analytics platform.

Universities often generate a significant amount of IP, and turning that IP into revenue is a difficult process that few perform successfully. A study from Brookings Institution indicated that 84% of universities will not realise enough income to cover the operating costs of a technology transfer office. Melissa Silverstein, founder of Melissa Silverstein Law PLLC, created the firm to provide high quality technology transfer services to small to medium-sized universities that can’t afford these skills in-house.

“A huge challenge around the old-fashioned law firms is that people don’t like hourly rates and retainers – how can small businesses and start-ups budget for that?” said Melissa. “These days, people want to shop like they do on Amazon. They want to be able to see the price and be able to compare it. At Melissa Silverstein Law PLLC, we charge a flat fee, which is based on the hourly rate. Our customers enjoy the peace of mind knowing there is one price, and that they’re not going to get a hundred bills from some lawyer every month.”

An offering the firm has coined as ‘Tech Transfer To-Go,’ means that these universities are now able to protect and commercialise their IP at low-cost and at a fixed-rate, despite having no in-house patenting or technology transfer function.

Melissa said “it’s important to get people to understand that even if they have a patent, they’ve got to do more to start making money from it. The features on the PatSnap Landscape help with that, especially the valuation feature. Everything we do starts with a PatSnap search.”

An integral part of the company’s services involves demystifying the patenting and tech transfer process for its customers, and helping them to understand their position within the market. PatSnap’s Landscaping tool provides a 3D visualisation of a technology area, making it easier to understand the crowded areas and white-spaces of innovation.

“People love something visual, and something they can hold in their hands – especially when it comes to IP – because IP can often be intangible,” said Melissa. She continued, “being able to hand them something like a PatSnap Landscape brings it to life. Whenever I meet with a client, I like to drop their patent or publication into a PatSnap Landscape, point it out and say, ‘look, that’s yours, that’s where it fits in,’ which makes it such a useful feature.”

Melissa Silverstein Law PLLC ensures that each employee is equipped with a PatSnap subscription, primarily using the platform to:

  • Visualise and understand patent or research areas
  • Identify the other players within those areas
  • Detect new keywords for searches and social media
  • Ascertain patent valuations
  • Pinpoint assignees, and potential technology licensees and partners

“Melissa Silverstein Law PLLC is a shining example of a law firm that is embracing technology to transform the old-order of operating, and offering a service that provides a path for more innovations to make it to market,” said Ray Chohan, SVP, Corporate Strategy at PatSnap. He continued, “we are delighted that Melissa Silverstein PLLC has chosen PatSnap to provide the insights that support its mission, and we hope to continue to provide world-leading analytics and insights to the business and its customers in the years to come.”

Melissa said that “before PatSnap, when I was in private practice between 2009 and 2014, I had to get used to using freely available search tools, and it was really difficult. Once I tried PatSnap, it was so much better.”

By adding more than 125 million patents, licensing and litigation data, economic data, patent valuation, non-patent literature and image and chemical formula search, PatSnap has brought together the world’s most comprehensive R&D dataset, providing the world’s most innovative organisations with a new, intuitive source of information for use during research.

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post