Evaluation of a patent covering an IoT-powered Intelligent Hospital Bed

Worked with a California based AM100 law firm, who wanted a thorough patent evaluation done for their client

The Ask

The client wanted us to identify the relevant targets for licensing and confirming the need of the technology

Our Solution

01.

Patent Strength Validation

Iota Analytics suggested proceeding with state-of-the-art search on the subject invention, to validate strength of the patent

02.

Competitive Analysis

Quickly identified list of companies that manufacture Hospital Beds similar to the bed disclosed in target patent

03.

Shortlisting Licensing Opportunities

A review of product manuals & catalogues of the above companies was conducted to shortlist products disclosing beds with similar sensor mechanisms to validate the market needs and shortlist potential licensees

Outcomes

Licensing Recommendations

Techno-commercial Support

Prepared a pitch deck (licensing pitch) for the investor while highlighting the benefit of subject invention, i.e. improved hospital staff productivity towards bed pronation by more than 50%

Business Recommendations