Patent Mining

The experts at Promax Legal offer structured and customized patent mining services to a wide variety of clients across different industries. We specialize in identifying the strongest (STAR) patents having highest licensing and revenue by sale potential from your diversified patent portfolio.

Clients have used our services in effective patent portfolio management/optimization for not only identifying 'gems' and making millions in revenue but also for selling and abandoning their least valuable patents, thereby reducing huge costs in maintaining these patents. At Promax, we just do not perform automated patent mining; we perform manual analysis with the help of our SME's (subject matter experts) who understand technology, its ownership, and widespread commercialization and apply this knowledge to your IP business strategy, ensuring maximal revenue generation.

Steps for Performing Patent Mining

The first step involves defining a specific focus area or technology domain. By narrowing down the scope, researchers can concentrate their efforts and maximize efficiency. Next, a comprehensive search is conducted across a variety of patent databases, utilizing specific keywords and classification codes related to the identified focus area. This step helps in identifying relevant patents for analysis.

Once the relevant patents have been collected, a thorough examination of the patent documents undertaken. This involves interpreting the information contained within the patent claims, descriptions, figures, and legal details. Valuable insights such as, technological trends, inventors’ names, assignees, and potential licensing opportunities from these complex documents are extracted.

Automated extraction of information from patent documents using natural language processing techniques is carried out in order to identify key concepts, technologies, and trends across a large corpus of patents.

Another important aspect of data mining in patent analysis is the analysis of citation networks. By analysing the citation patterns between patents, the relationships and influence between different technologies or companies are uncovered. This provide valuable insights into the innovation landscape and help identify emerging trends or potential collaboration opportunities.

By examining the classification codes associated with patents, a deeper understanding of the technological domains in which patents are filed is gained. Legal status information, on the other hand, provides insights into the lifespan of patents and their potential impact on the market

Furthermore, data visualization techniques can be employed to organize and present the extracted information in a digestible format. This step enhances the understanding of the patent landscape and aids in identifying patterns or correlations. These visualizations can be approached through various methods, such as citation maps, cluster analysis, or keyword network visualizations.

Electrical, Electronics & Communications Industry

Objectives of Patent Mining

The primary objective of patent mining is to leverage the vast amount of information contained within patent documents. This includes identifying previously unexplored areas of research, potential collaborations, and opportunities for innovation. By dissecting patent data, researchers can uncover valuable insights into market trends, competitor strategies, and areas ripe for exploration.

In conclusion, patent mining is a vital practice that allows researchers and organizations to extract valuable information and gain a competitive advantage in their respective industries. By exploring patent databases, valuable insights can be obtained to guide innovation, inform intellectual property strategies, and identify emerging trends.

Why Choose Us for Patent Mining

Proprietary Ranking Algorithm + Experienced Subject Matter Experts for enhanced accuracy and quick turnaround time.

A proven track record of excellence conducting Patent Mining for a wide range of portfolios spanning various industries such as finance, medical devices, semiconductors, IOT, Electronics designs, Networking, Optics, Electrical circuits, and several others.

Meticulously crafted tailor-made check-lists for consistent and exceptional quality of each project.

Robust processes and systematic approach for super prompt delivery for both small and large size patent portfolios.

Customized pricing tailored to accommodate the individual requirements of diverse clients.

Our clients praise us for our great results

“ I have been working with Promax from the past 5 years. They are handling our in-house work which includes prosecution, infringement scan, patentability and portfolio analysis. Promax gets to the point of what their clients really want and need.”

Patent Director

Silicon IP to Software, USA

Hi Aseem, I want to extend to Promax – and in particular to the team – my sincere appreciation for the work that was done on the E-Watch project under difficult circumstances. I especially appreciated the team’s willingness to work long days for two weeks straight so that we could meet our deadline. I know that many people had to make personal sacrifices so that production could be increased and the deadline could be met, and I am very grateful for those sacrifices. Moreover, I want to complement the team and Promax’s process for producing high-quality charts. Your team was able implement the changes suggested by us in an immediate and effective manner, which cut down substantially on the work we had to do after we received the charts. By the last week of the project, the quality of the work coming from the team was so high, I found no errors in the charts that were produced and no changes had to be made on our end. Please pass on my gratitude to the team for their hard work and dedication to the project. Without their commitment to the project we would not have met this difficult deadline. We will be sure to use Promax again. Thank you.

Director of Patents

Silicon Valley Based Semiconductor Company

Aseem Chadha is a Managing Associate at Promax Legal. I first met him at a conference in 2014. He made me a deal I couldn’t refuse and guaranteed he would find better art on a search project that I had already found in an earlier searched done by another firm. Aseem and his team came through. Aseem is a good listener and gets to the point of what his clients really want and need. Like you, Aseem is a very nice person, and I am sure you will enjoy meeting him. While Aseem is based in India, he does travel here from time to time.