Intensifying patent races are likely to induce more collaboration between biofuel innovators and firms, as this serves as a defense against patent related business risks. A paper recently published in Renewable and Sustainable Energy Reviews by Hannes Toivanen from TEQMINE and Michael Novotny from the Royal Institute of Technology analyzed patenting in lignocellulosic biofuels.
Patenting in the technology is growing rapidly, and has increased from about 20-30 per year in the early 2000s to more than 150 per year currently. Within strategic technology areas, patenting has increased more than 10-fold, making patent races evident and increasing patent related business risks.
Using TEQMINE developed analytic approaches that included novel data mining and a mix of unsupervised and supervised learning techniques, the authors insulated from 7 million US patents those -numbering little less 5,000 – that addressed specificially lignocellulosic biofuels in 2002-2015.
Read the full paper (Open Access) for complete details and evidence: https://doi.org/10.1016/j.rser.2017.03.089.