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The Internet of Things in Massachusetts
Event Photos of Technology State House Day 2015
The Tech Hub Caucus, co-chaired by Senator Spilka and Representative Ferrante, will host the 3rd Technology
State House Day on the subject of "Internet of Things in Massachusetts". Meet leaders from the local tech and
startup community and learn about Massachusetts-based companies leading the Internet of Things (IoT)
technology revolution.
The Internet of Things (IoT) refers to technology that enables devices and applications ("things") to communicate
seamlessly with one another to become part of a connected whole that transfers data through the cloud and
transforms it into useful information for people, business and institutions. Examples of IoT in Massachusetts are
biometric wearables for healthcare, smart traffic lights for cities, and connected thermostats for energy.
The event will feature live technology demonstrations running throughout from local tech firms and home-grown
startups showcasing innovative IoT technologies and devices changing the way we live and work. During the
second half of the event, "Table Talk" breakouts will be led by tech companies and key legislators to focus on
specific IoT applications relevant in MA today.

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Verizon

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AT&T

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Cisco

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Nest & Ecovent

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iRobot

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XFINITY

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UBER

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Government Solutions Round Table
How IoT is introducing cost savings, efficiency, and data to policymakers, state and local government. Table Talk
Participants: MassTLC, iRobot, Cisco, Cadence, CenturyLink, Comcast and Pegasystems.

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Connected Healthcare Round Table
How wearable devices and other IoT technologies are changing healthcare delivery, managing chronic diseases,
and addressing rising costs in medicine. Table Talk Participants: Massachusetts eHealth Institute, EMC, LogMeIn,
Lose It, Mobiquity, MC10 and Atigeo.

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IoT (Internet of Things) Intellectual Property (Patent) Strategy Consulting Services
O V E R V I E W
Goldman Sachs defines the IoT (Internet of Things) as the third wave of internet revolution: by connecting to the
internet billions of devices, the IoT opens up a host of new business opportunities and challenges. According to
McKinsey, the IoT has the potential to create up to $6 trillion economic value annually by 2025. TechIPm provides
the expert consulting services for the IoT IP (Intellectual Property) strategy.
A C C O M P L I S H M E N T S

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• Over 20 years of experiences in technology research, business development, strategy consulting, and intellectual
property management
• Consulted IP strategy to diverse industry players (Fortune 500 companies, Patent monetization firms, Law firms,
Investment firms, Research institutions) in the field of electronics, IT and telecommunications
• Can coordinate across multiple job functions including patent experts, engineers, and business professionals
• Can provide integrated strategic patent management
C O N S U L T I N G S E R V I C E S
Strategic Patent Value Creation & Portfolio Development
Well tailored value creation methodology combined with patent prosecution strategy can develop new patent
portfolios for maximum ROI from existing patents. Many patent applications and newly issued patents can be
further developed for creating new values by amending and creating claims and generating family patents to
encompass emerging technology and products/services trends, market demands, and strategic exploitation goals
(e.g. cross-licensing, monetization etc.).

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A client’s patents are reviewed for selecting patents relating to the IoT. The IoT related patents are categorized as
standard relevant and application specific patents. The categorized IoT patents are evaluated to select good
candidates for value creation. For the standard relevant IoT patents, the selected patents are further analyzed to find
candidates for the IoT standard essential patents (SEPs) and development as the IoT SEPs with respect to the
specific standards. For the IoT SEPs candidates, the claim-standard specification mapping is performed to generate
EoU claim charts. For the development candidates as SEPs, the model claims are constructed which can make a
candidate as a IoT SEP with respect to a specific standard. Additional claims are constructed to capture the
unclaimed embodiments in the candidates’ detail descriptions.
For the application specific IoT patents, the selected patents are further analyzed to find candidates for commercial
essential patents (essential for commercial product/service implementation), patents for market platforms
(dominant designs), and patents for disruptive technologies (for future market generation potential). Existing
claims are amended and additional claims are constructed to capture the unclaimed embodiments in the candidates’
detail descriptions to reinforce the protectability (against invalidation), enforceability (against potential
infringement), and marketability (for monetization, new products/services etc.).
Patent Evaluation for Investment

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Understanding the true value of patents becomes very important step in investment decision making processes as
the patents became an important investment asset class. Investment professionals are frequently involved in patent
valuation during M&A activity, buying and selling patents for bankruptcy cases, patent secured debt financing
deals, sale & license-back transactions, securitizations using patent as the underlying asset, (long or short) stock
investment for IP based business entities etc. To understand the true value of patents, however, accurate evaluation
of patents under investment consideration is need. Therefore, accurate evaluation of patents became the essential
part for investment professionals to figure out feasibility of investment involving patents.
To evaluate of patents accurately, and thus, to get an accurate read on any investment opportunities, legal expertise
in additional to technical and business expertise are required due to legal rights nature of patents. Therefore,
involvement of expert with the technical, business, and legal expertise is crucial to evaluate patents accurately, and
thus, to understand the true value of patents. TechIPm LLC provides the expert patent evaluation services for
investment professionals exploiting the technical, business, and legal expertise and many years of experience in
evaluating more than ten thousand patents relating to over hundred million dollars of investments in patent
investments.
A client’s IoT patents are reviewed to provide overall qualities and investment values in alignment with client’s
investment goal. Upon client’s request, selected patents or patent portfolio(s) are analyzed utilizing well known
valuation methods (e.g. income, market, cost method) in detail to provide ROI based on the high level evaluation.

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Strategic Patent Acquisition & Licensing Program Development
TechIPm provides the expert advice for strategic IoT patent acquisition for diverse clients including business
corporations, research institutes, investment organizations, and patent management firms. TechIPm can align
diverse clients’ business purpose (e.g. competitive intelligence, offensive, defensive, and monetization) with
strategic IoT patent acquisition process. With the specific business goal in mind, TechIPm can classify the field of
acquisition target by the IoT market/product/service/technology. TechIPm also can evaluate the value of
acquisition target. TechIPm can decide the best sourcing method among potential options: patent search and
mining, close/open patent market place, internal auditing and patent development process. TechIPm also can
coordinate the deal/transaction process collaborating with brokers.
TechIPm also provides consulting service for developing profitable patent licensing program exploiting the IoT
patents. TechIPm closely works with client for developing patent licensing program until the closing of the
licensing agreement. TechIPm provides strategic planning in alignment with client's business goal, due diligence
for licensable patent portfolios, strategic patent prosecution for monetization value creation, analysis for target
market, potential licensees and revenue generating potential, and licensing enforcement (including litigation)
strategy.

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References
Strategic Patent Management & Monetization 1Q 2015
Link: http://www.slideshare.net/alexglee/strategic-patent-management-monetization-1q-2015
Wireless Patents for Standards & Applications 1Q 2015
Link: http://www.slideshare.net/alexglee/wireless-patents-for-standards-applications-1q-2015
For more information, please contact Alex G. Lee at alexglee@techipm.com