Avancept LLC

Core Business and Strategic Focus

The company's business model is fundamentally rooted in high-level IP strategy consulting, catering to clients facing crucial business issues around Intellectual Property. Avancept focuses on both companies that deal directly with IP assets and Business-to-Business services for other IP service providers. The firm specializes in developing IP strategy for disruptive technologies entering established markets, IP valuation, infrastructure development, and intellectual asset diligence for investment purposes.

Products and Services

Avancept LLC offers a comprehensive suite of professional services, primarily categorized as IP Advisory Services, specialized consulting products, and IP Education and Development.

Intellectual Property Advisory Services

• Virtual CIPO (Chief Intellectual Property Officer): This service provides companies with an outsourced Chief Intellectual Property Officer. It is specifically geared towards businesses that are either too small to justify a full-time, in-house CIPO or for organizations where IP assets are a critical, but smaller, component of the overall corporate strategy.
• Invention Harvesting: Avancept provides a unique IP Asset harvesting service focused on identifying, developing, and protecting intangible assets. This process captures latent innovations within a business???s ongoing development activities and can be utilized to stimulate cross-functional teams in the development of forward-looking IP assets.
• IP Financial Modeling: The consulting team has developed customized financial models designed to benchmark a company???s return from its IP assets. This service is valuable during the due diligence process for acquisitions and can be performed with or without the cooperation of the company being modeled, offering a critical financial perspective on intellectual assets.
• IP Audit & Governance: Avancept reviews and catalogs a client's IP Assets, assists in developing a strategic plan for these assets, and establishes a robust corporate governance structure to manage and protect them effectively.
• Benchmarking: The firm provides both quantitative and qualitative benchmarking services for technology companies across all sectors. This involves categorizing and analyzing the IP assets held by a company and its competitors, regardless of size, to offer a competitive advantage assessment.
• IP Business Model Consulting: Avancept assists clients in developing their core IP business model and service offerings, helping them to expand their services, and assisting with appropriate IP service brandings and corporate metaphors to enhance a firm's or consultancy???s competitive advantage. The company prefers to provide this service on a long-tail revenue share basis for certain engagements.
• Due Diligence and Transactional Support: For buyers of technology companies, Avancept helps in evaluating the quality and enforceability of IP assets held by a prospective target. For sellers, the firm assists in maximizing the value of their IP Assets by presenting the company???s overall IP picture in the most favorable light during a transaction.

Educational and Electronic Publishing Services

Avancept places a significant emphasis on intellectual property education and development, both commercially and globally.

• IP Education and Training: The company provides educational and development services that focus on giving students, executives, and government officials a deep understanding of how intellectual property assets are obtained, how they are enforced, and how they can be used commercially. Avancept???s consultants have a history of teaching in universities and have instructed numerous students in skills ranging from IP Asset Management to a basic understanding of Commercial Law.
• Global Development Initiatives: Avancept???s development efforts are focused on furthering the development of intellectual property infrastructure worldwide, particularly in the developing world. The firm prepared a patent agent training manual and an IP valuation manual for the World Intellectual Property Organization (WIPO), which have been translated into six languages and used to train students from over 100 countries.
• Academic and Professional Publications: Avancept LLC actively engages in electronic publishing through its own platform and serious academic journals. The company publishes articles on a wide range of topics, both academic and professional, including the Avancept Journal. The publications cover topics such as IP strategy, trade secrets, and evolving patent strategies. The firm's founder coined the term ???patent privateer,??? and the academic publications have been mentioned in major media outlets and used by government entities, including the US Department of Justice and the United States Senate.