Google Offers To Sell Patents To Startups In Its Push Against Patent Trolls

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Google Offers To Sell Patents To Startups In Its Push Against Patent Trolls

TechCrunch

Back in April, Google launched a pop-up, temporary marketplace for companies to sell patents, with Google being the sole buyer. Today, the search and mobile giant is expanding that marketplace in the other direction: Google has started a program for startups to buy up to two non-organic patent families off Google. It is tying the offer into a requirement to join the LOT Network, a cross-company licensing push (others in the group include Dropbox, SAP and Canon) aimed at driving down the number of patent trolling suits.

If you are interested, you should get in touch quickly. Initially, this will only be open to the first 50 eligible startups.

And what makes you eligible? There are a few caveats and requirements for startups to qualify to buy Google’s patents. First, a company’s 2014 revenues had to be between $50,000 and $200 million.

Then, Google will not let you pick what you would like to buy. The…

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About AvatarNemo

V: Voilà! In view, a humble vaudevillian veteran cast vicariously as both victim and villain by the vicissitudes of Fate. This visage, no mere veneer of vanity, is a vestige of the vox populi, now vacant, vanished. However, this valourous visitation of a bygone vexation stands vivified and has vowed to vanquish these venal and virulent vermin vanguarding vice and vouchsafing the violently vicious and voracious violation of volition! The only verdict is vengeance; a vendetta held as a votive, not in vain, for the value and veracity of such shall one day vindicate the vigilant and the virtuous. Verily, this vichyssoise of verbiage veers most verbose, so let me simply add that it's my very good honour to meet you and you may call me V.

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