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Grace Keil Grace Keil

The 2023 Brokered Patent Market

Was 2023 a good year for the patent market? We are torn. When we wrote the first draft of this year's report, the data looked gloomy. But then when we dug deeper and realised that the last year turned out not be too bad.

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“Autonomous Trucking Innovator TuSimple Reveals its Patent Strategy.” Liu et. al. IAM Media (November 2023)

How do you set and execute a patent strategy for a high-growth, pre-revenue, technology company? That was the challenge the TuSimple team faced soon after the company was founded in 2015.

In this article, we present various strategies and best practices the firm’s team implemented. In some instances, the team made solid initial choices; in other cases, they adapted to sea changes in response to the business and the market. Overall, TuSimple picked a path that allowed for flexibility and adaptability that enabled a competitive patent portfolio.

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