How does the yet2.com global marketplace differ from an Internet-based patent database? Because patent abstracts are designed to protect an idea from infringement, they can actually obscure the nature of the technology they describe. Claims are as broad as possible, and you may not recognize what the technology in the patent actually can be applied to without some previous knowledge and a good deal of research. Conversely, yet2.com features functional abstracts written in plain English that have the aim of marketing the technology--and which often speculate on applications of the technology that may not currently be on the market. Second, yet2.com technologies include groups of associated patents. Third, every technology listed on yet2.com is available for licensing--saving the searcher from dead-end leads--and yet2.com provides an introduction to directly to the decision-maker.
Answering Needs
Perhaps the biggest difference between the yet2.com marketplace and a patent database is its ability to answer needs. Most organizations have a huge well of expertise and technology that goes far beyond any patent portfolio. By posting an anonymous need with yet2.com, you can find the answer to that need--perhaps from a company you never dreamed possessed it.
The Past is Not The Future
In the past, companies guarded their technologies and trade secrets like gold, but now the yet2.com marketplace offers them the ability to extract tremendous value from the intellectual property that they are willing to share. In the past, companies were shackled by "not invented here." The yet2.com marketplace is changing that to "proudly found elsewhere." The efficient market provided by yet2.com is turning unrealized assets into income streams and bringing new products to market by filling previously unmet needs.
Drayton Weissenfels has access to a technology transfer marketplace with over 140 000 active registered users, over 11 000 SME's and most of the fortune 500. This represents upwards of 40% of the world's R&D capacity.