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Patent auctions and value ratings, from Ocean Tomo

William Heinze’s blog, I/P Updates, has a full discussion (Jan. 10, 2006)
of the upcoming Ocean Tomo Intellectual Capital Equity Live Patent Auction (See my post of Nov. 28, 2005 about another IP auction service.)

Ocean Tomo seeks to increase liquidity for patent holders, and as part of that goal, it plans to conduct patent auctions and has developed a patent rating system (the Intellectual Property Quotient or “IPQ”) “for objectively scoring and rating patent quality based on a proven statistical methodology.”

The notion is that if your law department wants to further monetize your company’s patent portfolio, both auctions and assessments are useful tools.