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Determining the commercial validity of a recent patent
Case study
See how R&D operatives can use the Valuer platform to examine the commercial potential of a patented software compared to similar solutions on the market.
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Richard, a lead R&D engineer at an international FinTech conglomerate is seeking to assess other potential uses of patented software that the company is trying to commercially validate. Richard’s company specializes in payments solutions for online, mobile, and in-store channels. The newest addition in their product suite is a patented software for tax filling, available for B2C and B2C clients, globally.
Challenge:
Richard was tasked to find commercial uses of similar solutions and enterprise competitors that provide them to determine the feasibility of expansion across new markets.
Solution
Richard used the “Find look-alikes” feature to identify companies that utilize similar technology as the recently-patented software and assess their product traction;
He then requested a custom report, with a focus on use-cases from the pinpointed companies to map new potential clients.
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