BASF, Dow Announce Support For New Patent Asset Index

BASF SE and The Dow Chemical Co. jointly announced their support for the Patent Asset Index, a new methodology that measures research and development effectiveness, innovation strength and how these factors lead to sustained competitive advantage. Findings based on 2008 results rank BASF first in the overall Patent Asset Index. Dow ranks first in a critical measurement of the Patent Asset Index – Competitive Impact.

The new Patent Asset Index, created by Professor Holger Ernst of the WHU – Otto Beisheim School of Management, is a science-based metric that is said to overcome the key limitations of current patent analytics by offering a global perspective, more transparency and a more robust quality measurement for the assessment of patent portfolios. In The Patent Asset Index takes into account the total global patent portfolio of a company and is not restricted to a just a single country or a limited period of time.

“We now have an important indicator for the sustainability of innovative strength, especially with regard to technology and R&D oriented companies on a global level,” says Ernst.

The Patent Asset Index is comprised of several sub-components and measures the overall strength of a company’s patent portfolio. It is based on two factors: (1) “Portfolio Size” (the number of worldwide active patent families) and (2) “Competitive Impact,” which is the combination of Technology Relevance and Market Coverage. “Technology Relevance” measures the number of citations a patent receives in other patents, and “Market Coverage” measures the extent of patent protection in global markets. Thus, the Patent Asset Index offers a more detailed, accurate and robust perspective than current methodologies used to measure innovation strength.

For further information about method and results of the patent benchmarking based on the Patent Asset Index, visit: www.whu.edu/tim/pai.

More News:

  • Crystal Ink Detects Funny Money

    New photonic crystal ink developed by a team of Chinese researchers reveals intricate patterns when breathed on, making it extremely hard for counterfeiters to reproduce.

  • IChemE Introduces New Academic Journal

    Sustainable Production and Consumption (SPC), a new academic journal from the Institution of Chemical Engineers (IChemE), in partnership with Elsevier, will launch in 2015 and focus on the importance of sustainability in sectors as diverse as retail, tourism, transport, health, food, energy, construction and the chemical and process industries.

  • Eastman Completes Taminco Acquisition

    Eastman Chemical Company completed its acquisition of specialty chemical producer Taminco Corporation.

  • Vertellus Acquires Dow SBH Business

    Vertellus, a producer of specialty chemicals for the life sciences sector and other industrial applications, signed a definitive agreement to acquire the sodium borohydride (SBH) business, including associated assets, from The Dow Chemical Company.

  • Energy Dept. Awards Pitt Grant To Improve Power Plant Safety

    The U.S. Department of Energy has tapped the University of Pittsburgh’s Swanson School of Engineering to help improve nuclear power plant safety.

  • NABE Forecasts Accelerated Economic Growth In Coming Year

    Economic growth is expected to accelerate in 2015, according to the December 2014 Outlook Survey from the National Association for Business Economics (NABE).

  • CHF Exhibit Features 15th Century Alchemical Manuscripts And Art

    Books of Secrets: Writing and Reading Alchemy, a new exhibit of alchemical art and documents, opened December 5 in the Museum at the Chemical Heritage Foundation (CHF).

  • AIChE Honors Stuart L. Cooper With Founders Award

    The American Institute of Chemical Engineers (AIChE) presented the Founders Award for Outstanding Contributions to the Field of Chemical Engineering, to Stuart L. Cooper, professor and chair of the Department of Chemical and Biomolecular Engineering at The Ohio State University.

  • Economic Reports Show Positive Week

    Economic reports were positive this week for the most part, according to Weekly Chemistry and Economic Trends report from the American Chemistry Council.

  • ACS Names New Executive Director

    Retiring DuPont executive will take helm

All news »

What are your comments?

Join the discussion today. Login Here.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments