U.S. Wasting $Trillions on R&D

EL DORADO HILLS, Calif. - Nov. 27, 2017 - PRLog -- In a widely quoted comment, Forrester Research said, "U.S. firms annually waste $1 trillion in underused intellectual property assets by failing to extract the full value of that property through partnerships."

An article in Forbes added to Forester's analysis with this: "Of today's 2.1 million active patents, 95 percent fail to be licensed or commercialized. These unlicensed patents include over 50,000 high-quality patented inventions developed by universities. More than $5 trillion has been spent in the U.S. alone on research and development over the past 20 years, much of which went to create the very patents that remain unlicensed."

This issue with uncommercialized patents is only part of the story. Companies have a mountain of unused Intellectual Property (IP) sitting on their shelves. Unlocking that potential would be a game-changer for industry.

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