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Patent Landscape | Technology Scouting

Best of the implicit statements in the patent law is referred to as a patent landscape. In India, for instance, Section 146(2) of the Indian Patents Act 1970 specifically addresses the working of patents. Rule 131(1) stipulates that a statement of commercial working of every granted patent has to be filed with the patent office every year. This search and analysis is now seen as a necessary aspect of every business in its efforts to maintain its competitiveness. A good market report will give a good idea of the expected revenues for all forms of manifestations of the technology scouting in question. The revenues will be based on historical basis and will project it up to a certain time in the future, giving an estimated CAGR percentage value. The cumulative value of all the manifestations of the technology can, in one sense, be used to represent the value of the technology itself. Progress in science and technology is being regularly communicated in some form or the other, but as has noted before, largely through patents. Visit Here. http://pitchscientific.com/

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