Historically, innovators have only been able to monetize patents on their own through license or sale. Digitude now offers a third way.
Alexandria, VA (PRWEB) March 16, 2011
Digitude Innovations LLC – an intellectual property licensing company formed in 2010 with a $50 million lead investment from Altitude Capital Partners – today introduced its new patent monetization model to the consumer electronics market. Digitude will acquire, aggregate, and license key technology areas within the consumer electronics and related technology fields in a patent consortium, offering patent owners a new and innovative way to monetize their intellectual property assets.
A series of recent court decisions has increased the risk and expense of licensing and monetizing intellectual property for all patent holders, especially impacting smaller companies and individual inventors. The new Digitude consortium model enables sellers to combine their IP assets with other sellers, diversify their IP holdings, and gain access to a critical mass of IP that is necessary for a successful licensing program. This approach thus reduces risk for the seller while increasing expected returns. Inventors can sell their IP assets to Digitude for cash, equity, or a combination of the two.
“Historically, innovators have only been able to monetize patents on their own through license or sale. Digitude now offers a third way. By selling or contributing their assets to Digitude, sellers are able to combine their inventions with those of similarly situated innovators, benefit from the advantages of licensing a larger pool of assets, and benefit from the skills of an experienced management team,” said Robert Kramer, Chairman of Digitude Innovations and Managing Partner of Altitude Capital Partners.
With multiple intellectual property acquisitions already completed, Digitude provides companies of all sizes, universities, national labs, government agencies and independent inventors a unique, new patent monetization model.
About Digitude Innovations
Digitude Innovations LLC is a Virginia-based consumer electronics licensing company. Initially capitalized to invest $50 million, with a lead investment from Altitude Capital Partners LP, Digitude is focused on the acquisition and licensing of IP and technology in the consumer electronics and adjacent technology fields. It licenses its portfolio to commercial partners in the consumer electronics industry and engages in strategic partnerships with innovators large and small.
About Altitude Capital Partners
Altitude Capital Partners LP is a New York-based private equity fund with a distinguished track record for investing in intellectual property assets. Its primary focus is providing capital to all areas of Intellectual Property. Altitude invests in patents, trademarks, copyrights, royalty streams and trade secrets. These investments create working capital for growth, funding for future acquisitions, financing for IP monetization programs and for distributions to intellectual property owners, inventors, corporations and shareholders.