SME Patent Strategies for IoT-Based Business Models
les Nouvelles - Journal of the Licensing Executives Society, Volume LII No. 4, December 2017
8 Pages Posted: 6 Dec 2017
Date Written: November 10, 2017
The phenomena subsumed under the keywords of “fourth industrial revolution” and “Internet of Things” (IoT) is transforming the industrial landscape. With business models in the B2C and B2B segments adapting to these developments, the role of IP — and in particular that of patents — as a competitive instrument is evolving, too. However, especially small and medium-sized companies (SME) often underestimate this role. Academics and practitioners have jointly developed proven methods and tools to effectively protect digital business models by means of IP under these new framework conditions.
Keywords: SME patent strateies, lot-based, business models, fourth industrial revolution, internet of things, industrial landscape, B2C, B2B
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