Press release | 2013-05-06 09:57:32

Annual Survey Shows IP Outsourcing has Become Commonplace as U.S. Patent Owners Look to Keep Costs Down and Maximize Portfolio Value in the Era of Reform

The 2013 U.S. Global Patent & IP Trends Indicator Report from inovia Finds International Foreign Filing Continues to Rise; Applicants Taking More Control of their Foreign Patenting

New York inovia, the leading foreign filing provider, today announced the release of its annual report, “The 2013 U.S. Global Patent & IP Trends Indicator,” an in-depth look at how the economy has impacted global IP strategy and its influence on future foreign filing plans. inovia announced the annual survey findings at the 135th Annual Meeting of the International Trademark Association taking place May 4-8 in Dallas.

Similar to the findings in previous years, foreign patent filing is on an upswing with large organizations continuing to outsource much of the foreign patent filing process to non-law firm providers as a means to cut costs and gain efficiencies. More than half of those surveyed filed at least 50 percent of their patent applications overseas, reflecting the growing importance of international patent protection among U.S. companies.

Now in its fourth year, the Indicator has become a definitive resource for identifying the trends having the greatest impact on the foreign filing strategies of U.S. patentees. The mood for 2013 was again “Cautiously Optimistic,” with the number of patent families expected to be filed in 2013 in-line with 2012 filings.

The changes brought by U.S. patent reform and key provisions of the America Invents Act going into effect in March 2013 were overwhelmingly cited by respondents as the most important topic for the IP industry in 2012 and into 2013. Other trends anticipated in 2013 include concerns around the rising cost to obtain patent protection, as well as patent enforcement and patent trolls.

Other key findings from the Indicator include:

“The theme of Cautious Optimism returns for the third-consecutive year, with budget cuts lessening and large companies moving away from local counsel for foreign patent filing,” said inovia founder and Australian patent attorney Justin Simpson. “As U.S. patent holders continue to struggle with the changes made by the America Invents Act and a desire to contain costs, they are opting to bring steps in-house or outsource to non-law firm providers with deep experience in areas such as foreign filing, annuities and patent translations.”

inovia surveyed companies and universities through an online questionnaire. Organizations spanned industries and ranged from small enterprises filing a single patent family to multinational organizations filing more than 100 patent families in 2012. All survey participants are involved in the IP strategy and patent filing activity of their organization, with job functions ranging from patent manager, to general counsel and up to executive leadership positions. To download a copy of inovia’s 2013 U.S. Global Patent & IP Trends Indicator, visit: http://www.inovia.com/resources/global-ip-trends-indicator

About inovia

inovia is the global leader in foreign patent filing, having served more than 1,500 clients. Its global instruction platform, inovia.com, simplifies the PCT national stage entry, direct (Paris Convention) filing and European validation processes. inovia, a member of the RWS Group, has headquarters in New York, offices in London, Munich and Sydney, and agents covering over 130 countries, providing support in all major time zones and IP jurisdictions. inovia's patented technology pioneered online foreign filing and is recognized among WIPO's most notable inventions. For more information visit www.inovia.com and follow the company on Twitter @inoviaIP.

Contact:

Elizabeth Curtin

marketingteam@inovia.com

Marketing Coordinator

+1 (646) 237 3864