Patent Office hosts '2023 Intellectual Property Data Utilization Startup Competition'
[Security News, Reporter Park Mi-young] The Patent Office held the final round and award ceremony for the '2023 Intellectual Property Data Utilization Entrepreneurship Competition' on the 29th. This competition is a competition for startup ideas using intellectual property data such as patents, trademarks, and designs. It has been held every year since 2015 to discover new business models and promote start-ups in the field of intellectual property services, and was held for the 9th time this year.
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As a result of the review, Tap Team, which developed the 'Trademark Dispute Prevention Service', won the Grand Prize (Patent Office Award), and the PatentOnnyKnows team and Make Team won the Excellence Award (Patent Office Award). The GenIP team and AIB team were selected for the Encouragement Award (Korea Patent Information Service Award). In particular, Tap Team, which won the Grand Prize, presented a trademark dispute prevention service based on their experience with trademark disputes while operating a shopping mall, and was well received by the judges.
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Intellectual property data such as patents can be used to analyze industry and research and development trends and evaluate the value of companies for investment or financial support. As an example, Antock, which won the 2021 Excellence Award, successfully launched the “Hubble (Hubble) Database,” which enables analysis of corporate performance by collecting alternative data such as intellectual property data and employment information, and generated more than 500 million won in sales within 1 year of starting the business.
Kim Ki-beom, Director of Industrial Property Information at the Patent Office, said, “We hope that the excellent ideas submitted at this competition will be the foundation for revitalizing the intellectual property data industry,” and “Going forward, the Patent Office will continue to work to discover and provide consumer-centered intellectual property data with high industrial and economic value.”
