You are here: Home » News-IANS » Business-Economy
Business Standard

Microsoft donates 500 patents to start-ups

IANS  |  San Francisco 

Expanding its "IP Advantage" programme, is donating 500 patents to start-ups that are part of a non-profit organisation called License On Transfer (LOT) Network.

Launched in 2018, the "IP Advantage" programme protects users of Microsoft's cloud service -- -- against trolls.

Keeping in line with the intention of the programme, LOT Network protects companies against trolls by giving them access to a wide library of patents from its nearly 400 member companies including Amazon, Facebook, Google, Microsoft, and among others.

"We want to help the LOT Network grow its network of start-ups and to provide an incentive we are going to provide these patents to them," quoted Erich Andersen, (CVP) and at Microsoft, as saying on Thursday.

However, for any to qualify for getting a granted to LOT Network, the company is required to meet a $1,000 per month Azure spend and would check the start-up's last three monthly Azure bills.

"Qualified start-ups who join the LOT Network can acquire patents as part of their free membership and as Andersen stressed, the start-ups will own them outright," the report said.

The LOT network will be able to provide its members with up to three patents from this collection.

"The idea is that these start-ups come from a diverse set of industry sectors. The hope we have is that when they approach LOT, they'll find patents among those 500 that are going to be interesting to basically almost any company that might want a foundational set of patents for their business," Andersen added.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 29 2019. 14:40 IST