The Ultimate Guide to Patent Data 2021
What is Patent Data?
Patent data includes information on millions of submitted inventions, and is a list of grants and property rights issued by a sovereign authority to an inventor. A patent gives the inventor sole rights to the patented method, design, or invention for a designated period in exchange for a full disclosure of the invention. Patent data constitutes the richest source of data on the current state of technology in a particular field. Patent documents, which are are a form of incorporeal right, are usually published earlier than the technical literature.
How is Patent Data collected?
The primary source of patent data is publicly-available patent documentation (application descriptions, patent descriptions of inventions), which contain information on the product’s current state in a given field. An essential advantage of patent documents that they’re up‐to‐date and have unambiguous legal status concerning industrial property protection. Patent literature collections comprise official bulletins of national offices and international organizations, bibliographic collections (metadata), and articles presenting particular problems, discussions, and past judicial decisions.
What are the attributes of Patent Data?
Anything can be patented. Specifically, patented inventions must meet three attributes: novel, useful, and not obvious.
Novel - ‘Novel’ attributes are straightforward: the invention must be original. Existing inventions cannot be patented. However, you can patent new uses for a current products.
Useful - ‘Useful’ attributes are two-fold: your invention must have a valuable purpose and it must fulfill its intended purpose.
Not obvious - ‘Not obvious’ attributes imply that an innovative step is required. Your invention has to be different from what is already out there in the field to be patentable.
Also, you cannot patent the laws of nature, physical phenomena, and abstract ideas. Examples of generic ideas could be Isaac Newton’s theory of universal gravitation or Albert Einstein’s theory of general relativity.
What is Patent Data used for?
Investors, innovators, and researchers use patent data. Patent data exists to promote innovation and share ideas. Patent data may be used in different ways like developing a previous invention, acquiring its technical specification for a possible new solution, and the history of an application, which includes the application submission date.
# How can a user assess the quality of Patent Data?
To acquire the best patent data providers, you must first validate their sources. Here are the primary international patent databases maintained and operated by various international organizations:
The European Patent Register - This database is maintained by the official patent office of Europe.
Patentscope - This database is maintained by the World Intellectual Property Organisation.
DEPATISnet - A database and information service maintained by the German patent system.
USPTO - A full‐text documentation base of patent applications and patents awarded in the USA.
You can also check testimonials and reviews on the best providers of patent data.
Who are the best Patent Data providers?
Finding the right Patent Data provider for you really depends on your unique use case and data requirements, including budget and geographical coverage. Popular Patent Data providers that you might want to buy Patent Data from are RoyaltyStat and Quant IP.
Where can I buy Patent Data?
Data providers and vendors listed on Datarade sell Patent Data products and samples. Popular Patent Data products and datasets available on our platform are Patent and Innovation Metrics - Package 3 by Quant IP, Patent and Innovation Metrics - Package 2 by Quant IP, and Royalty Rates for Intangible Assets & Minerals by RoyaltyStat.
How can I get Patent Data?
You can get Patent Data via a range of delivery methods - the right one for you depends on your use case. For example, historical Patent Data is usually available to download in bulk and delivered using an S3 bucket. On the other hand, if your use case is time-critical, you can buy real-time Patent Data APIs, feeds and streams to download the most up-to-date intelligence.
What are similar data types to Patent Data?
Patent Data is similar to Intellectual Property Data, Litigation Data, Court Data, Bankruptcy Data, and Trademark Data. These data categories are commonly used for Legal Analytics and Patent Data analytics.