Boston Consulting Group
Patents were created to promote innovation by granting inventors exclusive rights to their inventions. For the past 200 years or so, the market for trading intellectual property IP: was relatively tame, with understandable rules of engagement among IP owners. But in the twenty-first century, the IP market is becoming both more uncertain and more hazardous, in part because a new breed of owner has burst onto the scene. Non-practicing entities (NPES), which acquire and monetize IF, have helped to raise the risks for companies that actually produce goods and Services.