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Ocean Tomo Patent Quality Study for Crain's Chicago Business

Ocean Tomo, a part of J.S. Held Announces Study of Patent Quality for Crain's Chicago Business Most Innovative Companies and their Patent Prosecution Law Firms

Image of Sarah Bendorf By Sarah Bendorf.
Updated Nov 1, 2022

CHICAGO (PRWEB) November 01, 2022 - Ocean Tomo, a part of J.S. Held, announced today the study of patent quality among Chicagoland companies, exclusively in the October 24 issue of Crain's Chicago Business, recognizing invention among Chicagoland companies.

Dr. Alan Marco, Chief Economist for Ocean Tomo, having previously served as the Chief Economist for the U.S. Patent and Trademark Office (USPTO), shares data from PatentsView related to invention and innovation in the State of Illinois. 'In the 2021 study year, 9598 utility patents were issued to 8853 inventors, assigned to 887 companies, universities, laboratories and other institutions in the State of Illinois'. He continues, 'I am proud to have served as the co-creator of USPTO's PatentsView, a free and open online platform for exploring and accessing high-quality patent data.' Among the 9598 patents granted in 2021 are 130 patents issued to Chicago's Most Innovative Companies.

The Ocean Tomo study of patents issued to Chicagoland companies includes, for the first-time additional insights revealing the law firms responsible for prosecuting patents on behalf of the top 10 Chicagoland companies.

Ocean Tomo, a part of J.S. Held, has collaborated with Crain's Chicago Business since 2012 to recognize and celebrate the achievements of Chicagoland companies and new, this year, expanding recognition to include the law firms which support the invention process by prosecuting patents before the U.S. Patent and Trademark Office (USPTO).

About Ocean Tomo, a part of J.S. Held

Ocean Tomo, a part of J.S. Held, provides Expert Opinion, Management Consulting, and Advisory services focused on matters involving intellectual property (IP) and other intangible assets. Practice offerings address economic damage calculations and testimony; business licensing strategy and contract interpretation; trade secret reasonable measures; asset and business valuation; strategy and risk management consulting; merger and acquisition advisory; debt and equity private placement; and IP brokerage.

Ocean Tomo experts are routinely qualified in U.S. courts, international courts, and arbitration tribunals on questions relating to intellectual property economics. The firm's professionals have provided expert opinions on IP valuation, reasonable royalty, lost profits, price erosion, commercial success, corrective advertising, creditor allocations, business licensing terms including RAND obligations, venture financing, and equities of a potential injunction. The firm's experience extends to commercial disputes, domestic and foreign, as well as policy issues affecting international technology transfer and economic matters before the International Trade Commission.

Intangible assets comprise 90 percent of business value but are subject to significant impairment due to enterprise and regulatory compliance risk. Our services are built upon more than three decades of experience assessing intellectual property in the most rigorous of venues.

Subsidiaries of the firm include Ocean Tomo Investments Group, LLC, a registered broker-dealer. As a part of J.S. Held, Ocean Tomo works alongside more than 1800 professionals globally and assists clients corporations, insurers, law firms, governments, and institutional investors on complex technical, scientific, and financial matters across all assets and value at risk.