An entrepreneur engaged The Hutter Group to assist monetizing a patent portfolio acquired from a bankrupt startup. The portfolio was brought to us after another broker failed to generate any market interest.
Notably, when we began working with this client, the technology covered by their eight patents was not yet included in any product. However, there was no question that the patented technology would soon become an integral part of cloud storage implementations just then entering the market.
In order to demonstrate the future viability of the portfolio to companies seeking to own patent rights in the then-emerging technology space, we worked with the entrepreneur to develop a business framework for monetization. This entailed reviewing the portfolio to assess the scope and strength of protection and creating a marketing package to present to our patent broker network.
The portfolio sold for $1 million to a patent acquisition company.