The Ocean Tomo Bid-Ask™ Market (OTBA) was built to further enhance Intellectual Property (IP) liquidity and transaction transparency. The information value provided by OTBA extends far beyond pricing and transactions data. For every lot that is ultimately listed on the Ocean Tomo Bid-Ask Market, more than ten are submitted for listing consideration.
In 2019, Ocean Tomo received submissions from over 175 sellers with 35 of those submissions via referrals from law firms, advisors, and brokers. The top three technology areas (software, industrial, and consumer goods) comprised more than one-third of the submissions.
Lots submitted for consideration to the Ocean Tomo Bid-Ask™ Market in the first five months of 2020 increased by 64% over the same period in 2019. The average number of assets in the lot also increased in 2020, from 13 patents in 2019 to an average of 20 in 2020. Beyond patents, lot submissions received in 2020 include trademarks, copyrights, software code, prototypes, industrial designs, molds, and product inventory. OTBA fielded submissions from 14 countries in 2020 compared to 11 in 2019.
Reflecting the challenges facing the energy sector in 2020, the top technology areas for patent submissions to the market included: Energy, Consumer Goods, and Medical Devices; compared to 2019 when the top technology areas included: software, industrial with video, and energy rounding out the top three.
OTBA serves a broad community of active buyers and sellers, providing a platform to purchase or sell patents and patent applications globally. The market is supported by Ocean Tomo Transactions and affiliate international voice brokers. You can learn more about OTBA here.
A list of the lots currently available on the Ocean Tomo Bid-Ask™ Market are available here.