Friday, October 18, 2013

RI TrademarkTracker™ --- RI Trademark Filings Down 12.9% Through 3rd Quarter 2013

Applicants with Rhode Island addresses filed 230 applications to register trademarks with the U.S. Patent and Trademark Office (PTO) during the third quarter of 2013.  This represents a 21% decrease over the 291 trademark applications filed by Rhode Island owners during the third quarter of 2012, and exactly the same number as the 230 trademark applications filed for the third quarter of 2011.

Through September 30, Rhode Island applicants have filed 737 applications with the PTO in 2013.  This represents a 12.9% decrease over the 846 Rhode Island trademark applications filed for the first 9 months of 2012, and a 17.3 % decrease over the 891 trademark applications filed by Rhode Islanders for the first nine months of 2011.

Nationally, there is a slight upward trend in filings.  A total of 78,945 trademark applications were filed with the PTO in the third quarter of 2013, representing a 1% increase over the 78,176 trademark applications filed in the third quarter of 2012.  A total of 242,085 applications have been filed with the PTO in 2013 through September 30, representing a .2 % increase over the 241,628 applications filed during the first 9 months of 2012. 

The most likely explanation for the downward trend in filings remains the sluggish economy in Rhode Island.  During economic downturns, there are fewer new start up companies to file new applications, and mature companies are watching budgets carefully and only filing where necessary to protect their major brands.  Nationally, the economy is picking up, but the trend has not really been felt here yet.

The top five RI filers during July, August and September of 2013 are 4 consumer product companies and one financial services company.  Hasbro filed the largest number of applications among Rhode Island applicants with 20 filings.  Alex and Ani was next with 17 applications.  Hasbro subsidiary Wizards of the Coast was third with 9 filings, followed by RBS Citizens Financial Group (8 filings) and CVS Pharmacy, Inc. (8 filings).

Data supplied by PTO.

Related Posts:

RI Trademark Filings Decrease 9% in First Half of 2013 (8/15/2013)

Tuesday, October 8, 2013

RI IPCaseTracker™ -- Only 2 New IP Cases Filed in RI in 3rd Quarter 2013

We knew it was too good to be true.  We saw 10 new intellectual property (patent, trademark and copyright) case filings in the first six months of 2013 at the U.S. District Court for Rhode Island, 6 filings in June alone.But things returned back to normal levels in the third quarter, with only 1 new patent filing (which actually is a transfer from another judicial district) and 1 new copyright filing.  Still, we are enjoying a 20% increase over the number of IP case filings for the first 9 months of 2012, and over the number of IP case filings for the first 9 months of 2011 as well.

Overall, patent filings lead the way so far in 2013, with 7 new case filings.  There have also been 2 new trademark case filings, and 3 new copyright case filings.  We will attempt to highlight some of these filings in upcoming blog posts.

These numbers only include cases that have been designated in the court's database as a patent, trademark or copyright case.  There are other cases pending where the complaint may include trademark or other intellectual property claims, or where intellectual property counterclaims may have been asserted.  But unless the case is designated as such in the court's database, we are not counting it here.

Related Posts:

6 New IP Cases Filed in RI in June 2013 (7/2/2013)

Wednesday, October 2, 2013

RI VentureTracker™ --- Venture Investments in RI Companies Jump in Q2 2013

Venture capital investments in New England companies jumped to $823 million invested in 114 companies in the second quarter of 2013, according to the Money Tree Report by PriceWaterhouseCoopers and the National Venture Capital Association based on data from Thomson Reuters.

Six of those companies are in Rhode Island, netting a total of $33,308,000.  This represents a 62% increase over investments in Rhode Island companies in the first quarter, when $20,500,000 was invested in 3 deals.  A total of $53,508,000 has been invested in 9 Rhode Island companies in the first half of 2013.

At the same time, investment levels across the U.S. also climbed.  Nationally, venture capitalists invested $6.7 billion in 913 deals in the second quarter.  This represents an increase of 12% in dollars and a 2% increase in deals compared to the first quarter of 2013, when $6.0 billion was invested in 896 deals.  The Software, Biotechnology and IT Services sectors received the most investment dollars for the quarter.  Investment in Internet companies also increased, with $1.9 billion being invested in 270 deals. 

Locally, the six companies to receive investments in the second quarter of 2013 are:

·               Greenbytes, Inc.of Providence, closed a Series C expansion round investment of $7,000,000 in April from Generation Investments Management LLP and Battery Ventures.  Greenbytes develops desktops virtualization storage optimization software to maximize the performance and capacity of virtual desktops.

·               Mnemosyne Pharmaceuticals Inc., of Providence, received a $5,166,000 early stage investment from existing investors Atlas Venture Advisors Inc. and Clol Biotechnology Industries, Ltd.  Mnemosyne is developing small molecule therapeutics to treat schizophrenia and other cognitive and neuropsychiatric disorder.

·               Neurotech USA, of Cumberland, received a later stage investment of $7,000,000 from Versant Venture Management LLC.  Neurotech is developing sight saving therapies for chronic retinal disease.

·               Swipely Inc., of Providence, closed a Series B expansion investment in May of $12,000,000.  The round was led by Shasta Ventures, with participation from existing investors Greylock Partners, Index Ventures and First Round Capital.  Swipely provides a payment processing platform and online tools to help businesses understand their customers through analyzing their credit card and debit card usage.

·               Teespring Inc., of Providence, allows non-profits and others to create and sell custom t-shirts with zero upfront costs.  Teespring received an undisclosed amount from FoundersClub Inc., as part of an overall investment of $1.1 million across 11 companies in Silicon Valley’s Y Combinator startup accelerator program.

·               VoltServer, Inc.., of Charlestown, closed on Series A investment of $2,142,000 in June.  Investors included Rhode Island’s Slater Technology Fund, Marker Hill Capital, Natural Resources Capital Management, Angel Street Capital and the Clean Energy Venture Group.  VoltServer has developed a digital power solution that enables telecom providers to remotely power remote equipment over existing communications wiring.

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