IPwe, the one-stop innovation platform for licensing emerging technologies, today announced that over 350 members have joined their Smart Pools in Blockchain, the Metaverse, and Digital Link technologies in the last 5 months.
Traditionally, SMEs and start-ups were unable to obtain one-to-one patent licensing because transacting in the traditional IP marketplace is complex, labor-intensive, and mostly restricted to those with access to experienced and costly legal counsel.
However, more than 350 members joining IPwe’s Smart Pools in five months indicating an unparalleled development in the IP space and newfound opportunity for small business to license IP.
Smarts Pools are a cost-effective approach for SMEs and start-ups innovating in emerging technologies, to expedite technology licensing that is traditionally done on a bespoke and non-transparent basis.
The Smart Pool workflow is straightforward: Founders, who are pioneers in niche technologies, provide licensing rights to the pool for their chosen patents, and Members join and are free to build on these key innovations to further enhance adoption and greater economic opportunity.
IPwe’s Blockchain Smart Pool, for example, has over 1,250 assets contributed by nChain and 144 members who can freely innovate with any or all of nChain’s licenses. It takes less than two minutes to join any IPwe Smart Pool, and participation is free for SMEs with annual revenue of up to $1 million.
— IPwe (@ipwe_) June 7, 2022
IPwe’s mission is to support innovation in emerging technologies, with already five established Smart Pools in blockchain, digital link, ESG, LiDAR, and metaverse technologies.
IPwe believes that rather than being locked up in patents, key technologies should be made publicly available to all. IPwe has been at the vanguard of what it means to unleash innovation through our Smart Pools and wants to expand our Smart Pool offering in the coming months to unlock innovation in even more technology areas.
By deciding which industries to grow into depending on market demand, which IPwe gathers through our crowd intelligence tool, allows anyone to indicate interest in Smart Pool campaigns before the Smart Pool’s official launch.
To request more information about IPwe’s Smart Pools to innovate your product offering, visit ipwe.com.
Founded in 2018, IPwe is a global innovation platform leveraging the power of artificial intelligence, predictive analytics, and blockchain technology. Through the IPwe Platform, large enterprises, SMEs, owners, those looking to enhance their innovation profiles, and those with a legal, technical or financial focus benefit from our mission to empower innovation in emerging technologies.
IPwe is committed to improving ROI whether measured by dollar returns, jobs created, ventures launched, or problems solved by increasing transparency, lowering costs, and enhancing returns for the entire innovation ecosystem.
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