One thing that differentiates Patent Rank from the competition is our patented methodology. That’s right; not only are we patent experts, but we have a few patents of our own that protect this great service we provide to you! While Patent Rank provides patent and intellectual property evaluations similar to our competitors, none of them can do what we do because no one else has Patent Rank. In order to gain a better understanding of these two essential patents, we have provided some information below.
Patent #1: Patent Value Calculation, US 20120317041 A1
Patent #2: Patent Value Prediction, US 20120317040 A1
Techniques for calculating patent value and predicting patent potential are described herein. These techniques may include calculating the value of a patent based on associations between a patent and other patents. The value of the patent may be calculated based on a citation in another patent to the patent, and a citation in the patent to a further patent. These techniques may also include predicting a potential value of a patent on the basis of a plurality of patent values and displaying this potential to a user.
Patent holders and other organizations strive to estimate a patent’s current and potential value. To calculate such value, these patent holders may make estimations based on subjective perceptions of the market, products, and technology. While this strategy may provide some indication of a patent’s value, patent holders continually strive to enhance the accuracy of such estimations.
This disclosure is related to, in part, calculating a value of a patent. For example, a value of a particular patent may be calculated by identifying a forward citation and a backward citation of the particular patent, weighting at least one of the forward and backward citations, and calculating the value of the particular patent based at least in part on the weighted citation. The forward citation may correspond to a citation in another patent to the particular patent, and the backward citation may correspond to a citation in the particular patent to a further patent.
This disclosure is also related to, in part, predicting a potential value of a patent. For example, a potential value of a patent may be predicted by calculating a plurality of patent values for a patent, and generating a predicted potential value of the patent based at least in part on the plurality of patent values. Each of the plurality of patent values may comprise the patent value of the patent at a respective point in time. Meanwhile, the predicted potential value of the patent may at least partly represent a future value of the patent.
What does all this mean?
So lets read between the lines a bit. Patent Prediction and Patent Calculation. What do these two patents actually do? Well first and foremost, both serve the purpose of assessing the value of patents relative to the USPTO network and within their respective technologies. Additionally, this valuation is based on our Patent Rank algorithm, which computes the value of a patent on a defined scale. This scale is what differentiates Patent Rank because it tells you exactly what your patent is worth in relation to every other patent out there. No one else is doing this. Because we exclusively own this patented technology, we’re your best resource for obtaining superior and relevant patent valuations. Our network dynamics are top of the line and our data speaks for itself.