Patent vault as a novel means to make businesses become recession-proof via facilitated diversification

ISSN： 1478-9647

Source： International Journal of Intellectual Property Management, Vol.5, Iss.3-4, 2012-10, pp. : 304-326

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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.