Friday, July 5, 2013

A New Patent Acquisition Fund in Japan

According to Nikkei News in Japan, the Innovation Network Corporation of Japan (INCJ) announced that it will newly form a patent acquisition fund. INCJ is a public-private partnership established in July 2009 for promoting innovation in Japan. The initial fund level is known to be about $0.3 billion for acquiring unused patents form Japanese companies for resale to other countries. According to Japan Patent Office (JPO), around 47% of 1.35 million patents owned by Japanese companies were not exploited economically in 2012. The patents will cover mainly technologies related to mobile devices, LCD display devices, and optical devices. The patent acquisition fund benchmarked the government backed patent fund models in S. Korea (Intellectual Discovery) and France (France Brevets).

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