PatentPlus – Patent Spend Value Improvement Program
This program is targeted specifically at reducing your organization’s patent renewal spend with current suppliers.
Patent owners recognize that a well-maintained patent portfolio is critical to future prosperity and will often pay the highly-specialized supply base significantly more than necessary for annual renewals (or annuities). For companies with a large portfolio and a high patent spend, the right intervention can typically deliver a cost reduction of more than 20% – potentially returning millions of dollars to a company’s bottom line without compromising IP protection.
PatentPlus is a high-impact results-based program that can deliver immediate and significant cost savings at no risk to your business. Our program will review your patent renewal spend with your current suppliers and identify opportunities for cost reduction. Incorporating a training workshop, it will also equip and enable your team to better manage these suppliers moving forward.
The program is delivered through a collaboration between Positive Purchasing and patent renewal experts Patent Annuity Costs Ltd. Together, we combine best-practice procurement capability with proven patent market and cost analysis expertise to create a winning solution with an exceptional return on investment.
The PatentPlus program has two phases:
Phase 1: Diagnostic
We review your current situation and identify the potential benefit opportunity for cost reduction and better patent renewal management in your organization.
Phase 2: Delivery
Should you decide to proceed with our recommendations, we will deliver these benefits into your organization and, where appropriate, establish new contracts with your providers.