The Ocean Tomo Bid-Ask™ Market is an open online platform to buy and sell patents and other Intellectual Property (IP). This market is an important step forward, both as a simplified solution for patent transactions and a source of information on patent pricing. The Ocean Tomo Bid-Ask Market uniquely combines the efficiency of an online platform with an experienced team of brokers fluent in both English and Mandarin. The market uses standard transaction documents and is open, transparent, and free to view.
In support of our mission, Layna Guo shares an update on the public market’s information value, including publicly-observed patent transactions reported via the Ocean Tomo Bid-Ask Market, data, and insights on portfolios auctioned via, and the portfolios submitted for consideration to the market. The Mid-Year Update reflects the year to date through the end of Q2, June 30, 2022.
The market has observed 339 public transactions, up from 288. A total of 127 submissions (823 patents) were received, up from 80 submissions (580 patents) thru Q2 in 2021.
The review process resulted in 20 active lots on the market and an average per patent seller “ASK” of $173,304, down from $186,285 for the same time period last year.
The number of global sellers increased by 17% to a total of 41%. Submissions from operating companies rose slightly to 40% during the first half of 2022 compared to 2021, with submissions from sole inventors holding steady at 60%.
The top other assets beyond intellectual property are software, source code, know-how, and trademarks. The top industries are medical, software, and manufacturing. The top jurisdictions are the United States, European Union, and Canada.
Layna Guo oversees transaction marketing & business development for the Ocean Tomo Bid-Ask Market from the Chicago Office of Ocean Tomo, a part of J.S. Held. To explore buying or selling intellectual property assets via the Ocean Tomo Bid-Ask Market, please contact Layna Guo at firstname.lastname@example.org or +1 312 327 8179.