News & Views

AI-assisted Tool Compares Ideas and Patents

Aug 09 2018 Read 804 Times

Helsinki-based software-as-a-service provider Teqmine has developed an automated artificial intelligence-assisted tool that allows users to enter a text description of their idea and compares it to over 16 million full-text patents to help to determine its novelty and identify ways to improve it further. Co-founder and company CEO Hans Toivanen is of the opinon that employees who come up with an idea with commercial promise, are discouraged from progressing further when faced with toilsome patent procedures.

“Our contention is that we’re the world’s only company that has created an artificial intelligence system trained with full-length patents, which can be anything from two to 800 pages long,” said Toivanen, adding that the patent similarity tool is accessible from anywhere. “We’ve designed it primarily for people who either have never made a single patent search or find making them unpleasant,” he elaborated. “We’re essentially making them smarter.”

With data security naturally an integral aspect of the service, particularly for corporate clients, the company stores all images and descriptions and conducts all patent searches and analyses on its private servers in order to provide a level of data protection comparable to that in online banking. The tool can also assist in the search for business and research partners by identifying organisations developing similar or related technologies.

Teqmine has also begun developing a supplementary system that utilises the wealth of patent data to predict technological trends and the future inventions of technology leaders such as Apple and Nokia, which they are expecting to be available within the next 12 months.

Read comments0

Do you like or dislike what you have read? Why not post a comment to tell others / the manufacturer and our Editor what you think. To leave comments please complete the form below. Providing the content is approved, your comment will be on screen in less than 24 hours. Leaving comments on product information and articles can assist with future editorial and article content. Post questions, thoughts or simply whether you like the content.


Digital Edition

Labmate UK & Ireland July

July 2018

In This Edition Articles - Why Does Nanotechnology Require Mass Spectrometry Spotlight Features Luminescence, UV & Microplate Readers - New Confocal Laser Scanning Microscope Combine...

View all digital editions

Events

ACS National Meeting & Expo

Aug 19 2018 Boston, MA, USA

EuCheMS Chemistry Congress

Aug 26 2018 Liverpool, UK

DioXin 2018

Aug 26 2018 Krakow, Poland

IMSC 2018

Aug 26 2018 Florence, Italy

Medical Fair Asia 2018

Aug 29 2018 Singapore

View all events