Patent Monetization Inc is a full service International patent brokerage firm working primarily with clients who are looking to monetize core and non-core patent and IP assets in the technology and cleantech sectors.
Today, the market for patent and IP acquisition and consolidation is extremely high. Patent Monetization Inc aims to leverage it experience and presence in the technology patent industry to transform the way patent acquisition and strategy is conducted. We see an enormous and rapidly growing opportunity in patent and IP monetization which due to recent events is becoming a mature and savvy market. As patents and IP become more and more essential in the market place, these assets become increasingly valuable, and we understand and have the experience and creativity to monetize them.
Patent Monetization Inc has created a unique patent brokerage service leveraging diverse experience to help clients quickly monetize their IP and generate additional cash flow for the business. Patent Monetization Inc's co founders include; Michael Cannata, recognized as one of the world's leading IP Strategists by Intellectual Asset Magazine and Loudon Owen a seasoned Venture Capitalist and IP expert. Combining years of experience in patent licensing, patent litigation and extensive contacts with patent buyers, Patent Monetization Inc. leverages sophisticated patent analysis technology and proven marketing techniques to find and access strategic buyers with unparalleled depth. Through this unique process we can identify the best possible candidates to purchase your IP and we help build the business case for them to purchase the assets. This is a key differentiator and results in shorter transaction periods, higher quality prospects and maximum value for your IP assets.
As the number of acquisitive buyers keeps growing rapidly in the market, you may consider selling non-core patent assets that have resulted from:
There are many variations on capitalizing on your patents. You may consider selling core patent assets while retaining a license to use the intellectual property so that you can effectively raise capital and continue to operate unencumbered in the market.
Michael J. Cannata is an entrepreneur with a proven track record as CEO of both start-up and early stage technology companies across multiple industries. Michael has been involved in the monetization of patents since founding BOCA Advisory Services Inc. in 2002. Michael is also a principal in Patent Monetization Inc. a patent merchant bank that provides advisory, brokerage and investment services. Through a joint venture with NW Patent Funding Corporation, Michael is an advisor and manager to the Northwater Intellectual Property Fund established in 2005 as one of the 1st funds involved in patent litigation financing. Michael was responsible for the Fund’s investment in the i4i, which filed a patent litigation suit versus Microsoft in 2007. Michael managed this high profile litigation on behalf of the Fund that resulted in a $290 million judgment in favor of i4i upheld under appeal at the Court of Appeals for the Federal Circuit and further upheld at the US Supreme Court. The judgment also included a permanent injunction issued against Microsoft effective in January 2010. As founder and CEO of Brokercom Inc, a financial services software company, Michael created value for shareholders through an M&A transaction with Open Text Corporation, where Brokercom’s strategic patent asset was the key driver for the acquisition. After the acquisition, Michael assisted in developing an IP protection program and a patent licensing program for Open Text. As President of Cybermation Inc, a systems management software company, Michael’s executive leadership skills were recognized as the company was named one of the 50 Best Managed Private Companies in Canada in 1996, 1997 and 1998. Michael has sat on a number of public and private company boards, is a member of the Licensing Executives Society (LES), a fellow in the International IP Strategist Association (INTIPSA), a charter member of The Indus Entrepreneurs (TiE) Toronto Chapter and an inventor with five issued US patents. Since 2009, Intellectual Asset Management has selected Michael to the IAM 300 list of World Leading IP Strategists. Michael has a Bachelor of Business Administration degree from York University's Schulich School of Business.
Loudon F. Owen is a practicing lawyer, and is Managing Partner and co-founder of McLean Watson Capital Inc. McLean Watson is one of Canada’s pre-eminent venture capital firms with offices in Toronto and Singapore. Prior to establishing McLean Watson Capital, Loudon and his partner financed and advised Softimage, a world leader in high-end 3D animation, in its growth from 4 to 250 employees, its IPO on Nasdaq in 1992 and the sale to Microsoft in 1994. Loudon was involved from its early days, first as an investor and director, then serving as the Joint Chief Operating Officer (COO) for Softimage from 1993 to the time of its sale. Loudon currently serves on the Boards of Directors of i4i (Chairman), Vismand Exploration (Chairman), Amplus Communication, Ntegrator International (listed on Singapore Stock Exchange), Quantec Geoscience (Chairman), HDX - Hosted Data Transaction Solutions Inc. (TSX - Chairman) and Hanfeng Evergreen Inc (TSX – Chairman). As Chairman of i4i, he was personally responsible for launching, championing and raising the capital for i4i to enforce its patent against Microsoft. This resulted in the largest patent award ever affirmed by the Court of Appeals. The case was further appealed by Microsoft at the US Supreme Court where a unanimous decision in favour of i4i was handed down on June 10, 2011. Loudon has extensive public and private company Board experience, and performs various pro bono Board and trustee work, including Chairman of the Canadian INSEAD Alumni Association, 6 years as a member of the Board of Governors of Upper Canada College, previously Chairman of the Commercial Developments Committee - Mount Sinai Hospital (Toronto), and previously a director of the Empire Club of Canada and Alliance Française de Toronto. In addition, he has previously served on the Boards of a range of public companies, including BPI Mutual Funds, Brookfield/BF Realty and Softimage. Loudon is a Charter Member of The Indus Entrepreneurs Toronto Chapter. Loudon has a legal background and was the Managing Partner at Burgess Macdoanld Martin & Younger. Prior to that, he also practised law at Campbell, Godfrey & Lewtas (now part of Fasken Martineau DuMoulin). He holds BA in International Relations & Economics (Trinity College, University of Toronto), an LLB (Osgoode Hall Law School), and an MBA (Insead, France).
Paul Cannata is a Managing Director of Patent Monetization Inc. and is responsible for all aspects of the brokerage division. Working closely with clients, Paul manages the patent monetization process from client acquisition, through the development of the marketing and due diligence package to successful negotiations with buyers. Paul has been responsible for the sale of over 350 patents in two years, having conducted transactions with both strategic buyers and Non Practicing Entities. He has been responsible for negotiating complex patent purchase agreements on behalf of our clients and has represented both large Fortune 500 companies and small technology companies and has considerable experience and success in cross-boarder transactions. Paul is a member of the Licensing Executives Society (LES). Prior to joining Patent Monetization Inc., Paul was Director of M&A and Patent Transactions at a Boutique M&A firm. Paul is a graduate of York University, and has been published in a number of industry magazines.