Patent Monkey Joins Deadpool, Only To Rise Again as Patents.com
More interesting, however, is Patents.com’s potential to broach the more professional realm of Internet IP, a field currently dominated by Delphion . Due in part to its ad-supported initiative, it can forgo the $100 – $250 monthly fee that Delphion charges—a move that could help it to gain traction more quickly. The goal then is to create an international patent licensing network wherein patent owners can claim their patents and provide contact information. Patents.com could then serve as a sort of patents brokerage, providing a communications conduit between patent owners and patent searchers who may wish to license them, which is not insignificant. According to McKinsey Quarterly (PDF file) , the licensing of U.S. patents alone grosses $100 billion annually, indicating that a channel for effectively communicating with patent holders could be monetized handsomely.
Monster Venture Partners founder Rob Monster will serve as chairman for the newly structured entity. Through Monster’s involvement, the new Patents.com will be translated into 15 languages using Worldlingo, a company in which Monster sits on the board.
While Patents.com will launch serving only U.S. patents, it has ambitions to soon index documents from the European Patent Office (EPO), the Japanese Patent Office (JPO) and the World Intellectual Property Office (WIPO). Stephen Pinkos, a former Deputy Under Secretary of Commerce for Intellectual Property and Deputy Director of the U.S. Patent and Trademark Office, will serve as Patents.com’s Executive Vice President. It also probably won’t hurt that Monster’s Worldlingo currently holds the translation contract for the EPO (a task that it claims to complete with 95% accuracy). Patents.com will be worth watching to see how a domainer firm can do transitioning from a holding company to an operating company.