Avanci, an IoT solutions provider, has launched a new marketplace for licensing patented wireless technology to the Internet of Things (IoT). The company claims that the marketplace is the first-of-its-kind globally.
This new, open platform, according to the company, can accelerate the process of securing technology rights and time to market for IoT devices. This Avanci plans to achieve by streamlining the process of determining the right patent licenses, offering a single license to patents owned by many companies on fair, reasonable, and non-discriminatory (FRAND) terms.
“Since we began in April, we have received an overwhelmingly positive response from both IoT device manufacturers and patent owners to our streamlined licensing solution, and Avanci will quickly add more of these companies to our marketplace in the months ahead,” said Kasim Alfalahi, Founder and Chief Executive Officer, Avanci.
“With Avanci, something that would require time and resources to negotiate with many technology holders can now be done in one place, with one license, allowing IoT manufacturing companies access to the most advanced wireless technology in the world while they focus on bringing new products to the market.”
Companies seeking to add connectivity to their new products and companies with a portfolio of standard-essential wireless patents to share are currently eligible to join the new marketplace. As of now, the license for the IoT industry is open for access to cellular patent portfolio innovators owned by Ericsson, Qualcomm, InterDigital, KPN and ZTE, as well as any such patents that they may develop or acquire during the term of the license.
Avanci has further revealed that it will initially focus its licensing efforts on 2G, 3G and 4G cellular technologies for connected cars and smart meters with plans to quickly expand to other IoT product areas. It claims to provide its clients with a transparent, flat-rate price for each device that will vary based on the value the technology brings to the device.