Title: Patent vault as a novel means to make businesses become recession-proof via facilitated diversification
Authors: Khairullah Bin Zayadi
Addresses: Panasonic Industrial Devices Semiconductor Development Asia (PIDSCDA), 22, Ang Mo Kio Industrial Park 2, Singapore 569506, Singapore.
Abstract: This paper outlines a proposed new international system that the researcher coins as the 'patent vault'. It is essentially a collection of patents of fundamental diverse technologies that would normally generate profits for its owners during non-crisis times. In essence, this system enables a sharing of know-how that different companies put inside the vault. The characteristics of the patent vault proposed comprise of, among others, the following: 1) enables quick adoption of technological know-how; 2) ensures economic benefits of the owners of the 'know-how' are not compromised; 3) supports the development of resilient corporations via assisted diversification; 4) possesses a diverse portfolio, so as to enable participating companies to assess which industry it wishes to diversify into; 5) ensures a fair pricing is charged upon the technology know-how adopters.
Keywords: patents; business diversification; recessions; patent vault; recession-proofing; facilitated diversification; international systems; fundamental technologies; diverse technologies; profits; non-crisis times; knowledge sharing; technological know-how; technology adoption; economic benefits; business owners; resilient corporations; assisted diversification; diverse portfolios; fair pricing; know-how adopters; intellectual property management.
International Journal of Intellectual Property Management, 2012 Vol.5 No.3/4, pp.304 - 326
Available online: 18 Oct 2012 *Full-text access for editors Access for subscribers Purchase this article Comment on this article