What does the concept of patent operation mean?

A patent refers to a unique invention, utility model or design granted to an inventor or holder and protected by law. Patent management refers to handing over the patent right to a company or organization to be responsible for the marketing, management and authorization of the patent. Such companies or organizations are responsible for bringing patents to the market, obtaining benefits from them, and licensing patents to other companies.

The purpose of patent operation is to obtain economic benefits by operating patents, improve the inventor's enthusiasm for innovation, and get greater returns on the results created. Patent operation is not only a way of income for inventors and holders, but also an investment for buyers who buy patents. Companies and enterprises can find suitable investment routes in the licensing and use of patents according to their own technical needs.

Patent operation modes include patent securitization, patent insurance and authorization. Patent securitization is to transfer the patent right to investors through public offering of securities and gain benefits from it. Patent insurance is to provide insurance services for patent rights by professional insurance companies to ensure that patent rights are protected and maintained by law. Authorization is to grant the patent right to other companies or organizations for use, and gain benefits from it. After authorization, other companies or organizations can carry out better innovation and development in their own fields.