I’ve meant to write about this book for some time, but I’ve been chasing squirrels on other hills. I’ve decided today to finally get it done. The University of California, Berkeley, Innovation and Entrepreneurship Council, has published Startup Campus: How UC Berkeley Became an Unexpected Leader in Entrepreneurship and Startups in 2025--a helpful book. The book is a collection of information concerning UC Berkeley’s development of an ecosystem to foster the creation of startups. There is historical information concerning the various technical advances by Berkeley researchers and the companies they created in fields including microprocessors, personal computers, biotechnology, structural and earthquake engineering software, relational databased, networked computing, electronic design automation, quantitative investing, energy bars, data storage and networking controller market, internet search and content delivery market, and enterprise software for learning and talent management. The book also describes some of the process of the university involving most if not all of the academic units in entrepreneurship which seems to “grease the wheels” politically of the continuation and deepening of industry involvement and the development of practical applications and direction for research, including commercialization. The book concludes with insights and advice for replicating Berkeley's success. There is also an accompanying website to the book at Startup Campus: How UC Berkeley Became an Unexpected Leader in Entrepreneurship and Startups | Innovation & Entrepreneurship. And, it’s (apparently) available for free! A very helpful book and you can't beat the price.
IP finance
"Where money issues meet IP rights". This weblog looks at financial issues for intellectual property rights: securitisation and collateral, IP valuation for acquisition and balance sheet purposes, tax and R&D breaks, film and product finance, calculating quantum of damages--anything that happens where IP meets money.
Monday, 24 August 2026
Cyberhacking Indictment Unsealed Involving Alleged Theft of University IP
On August 18, 2026, the US Department of Justice unsealed an indictment concerning cyberhacking campaigns conducted against universities around the world, governmental entities and companies by an Iranian hacking group. The press release states, in part:
Mabna Institute Hackers Attacked Systems Belonging to
Hundreds of Universities, Companies, and Other Victims to Steal Research,
Academic and Proprietary Data, and Intellectual Property
A 14-count superseding (S2) indictment was unsealed today
charging 17 members of the Mabna Institute, an Iran-based company
that, since at least 2013, has conducted a coordinated campaign of cyber
intrusions into computer systems for 144 U.S.-based universities, 178 foreign
universities, at least 42 U.S.-based private sector companies, at least 11
foreign private sector companies, at least five U.S. federal and state
government agencies, and at least two non-governmental organizations (NGOs). The
Mabna Institute stole more than 31 terabytes of academic data and intellectual
property from these universities, as well as the email accounts of employees at
the private sector companies, government agencies, and NGOs. The defendants
conducted many of these intrusions on behalf of the Islamic Republic of Iran’s
Islamic Revolutionary Guard Corps (IRGC), one of several entities within the
government of Iran responsible for gathering intelligence, as well as other
Iranian government and university clients. Nine of the 17 defendants charged in
the S2 indictment were previously charged in a 7-count indictment announced in
March 2018. The case is assigned to U.S. District Judge Jesse M. Furman.
“The superseding indictment alleges that, at the behest of
entities including the IRGC, these defendants hacked into universities and
other research institutions worldwide, including the United States, stealing at
least 31 terabytes of information and intellectual property of untold value,”
said Assistant Attorney General for National Security John A.
Eisenberg. “The National Security Division is committed to protecting the
United States from such predators and will pursue those who perpetrate such
crimes for as long as it takes to bring them to justice.”
“Today’s charges, which include eight additional defendants,
reveal the broader network allegedly behind a sweeping, state-sponsored
campaign to steal research and intellectual property from American
universities, businesses, and government institutions,” said U.S. Attorney
Jamie McDonald for the Southern District of New York. “More than eight years
after making the original indictment public, these charges make clear that the
passage of time will not deter us from identifying and pursuing those who target
the United States from abroad. Cyber operations have become a central
instrument of national power, and attacks on American and allied institutions
carry direct consequences for our security and economic strength. This office
and our partners will continue to protect American innovation and pursue
accountability for the individuals behind these attacks.”
“These defendants allegedly built and profited from a
sprawling hacking-for-hire operation that targeted the intellectual property of
American and allied universities, companies, and government agencies for the
benefit of the Iranian government,” said Assistant Director Brett Leatherman of
the FBI’s Cyber Division. “Today’s charges make clear to cyber adversaries
everywhere: the FBI’s memory is long, and time will not blunt our resolve to
pursue justice. The FBI will continue working with law enforcement and private
sector partners to identify malicious cyber actors, disrupt their operations,
and impose real cost on them, wherever they operate.”
. . . University Hacking Campaign
The Mabna Institute, through the activities of the
defendants, targeted more than 100,000 accounts of professors around the world.
They successfully compromised approximately 8,000 professor email accounts
across 144 U.S.-based universities, and 178 universities located in foreign
countries, including Australia, Canada, China, Denmark, Finland, Germany,
Ireland, Israel, Italy, Japan, Malaysia, Netherlands, Norway, Poland, Saudi
Arabia, Singapore, South Korea, Spain, Sweden, Switzerland, Turkey and the United
Kingdom. The campaign started in approximately 2013, continued through at least
December 2017, and broadly targeted all types of academic data and intellectual
property from the systems of compromised universities. Through the course of
the conspiracy, U.S.-based universities spent more than approximately $3.4
billion to procure and access such data and intellectual property.
The members of the conspiracy used stolen account credentials
to obtain unauthorized access to victim professor accounts, which they used to
steal research, and other academic data and documents, including, among other
things, academic journals, theses, dissertations, and electronic books. The
defendants targeted data across all fields of research and academic
disciplines, including science and technology, engineering, social sciences,
medical, and other professional fields. The defendants stole at least approximately
31.5 terabytes of academic data and intellectual property, which they
exfiltrated to servers outside the United States that were under the control of
members of the conspiracy.
In addition to stealing academic data and login credentials
for the benefit of the Government of Iran, the defendants also sold the stolen
data through two websites, Megapaper.ir (Megapaper) and Gigapaper.ir
(Gigapaper). Megapaper was operated by Falinoos Company, a company controlled
by Abdollah Karima, and Gigapaper was also affiliated with Karima. Megapaper
sold stolen academic resources to customers within Iran, including Iran-based
public universities and institutions, and Gigapaper sold a service to customers
within Iran whereby purchasing customers could use compromised university
professor accounts to directly access the online library systems of particular
U.S.-based and foreign universities.
Private Sector and Governmental and Non-Governmental
Organization Hacking Campaigns
In addition to targeting and compromising universities, the
defendants targeted and compromised and exfiltrated employee email accounts for
at least five U.S. federal and state government agencies, at least 42 U.S.
based private sector companies, at least approximately 11 foreign companies
based in Germany, Italy, Switzerland, Sweden, and the United Kingdom, and
various governmental and non-governmental organizations within the U.S.,
including the U.S. Department of Labor, the Federal Energy Regulatory Commission,
the State of Hawaii, the State of Indiana, the United Nations, and the United
Nations Children’s Fund.
Friday, 14 August 2026
United States Moving Forward with Privateering Against Cybercrime
On August 12, 2026, President Trump issued a Presidential Memoranda essentially providing the groundwork for a government program sanctioning private industry to pursue international cyber criminals engaged in hacking. The Presidential Memoranda is available, here. The Memoranda states, in part:
The American private sector is the most innovative and
technologically advanced in the world, and its scale, speed, and capacity
secure a critical offensive cyber advantage for the United States.
Yet, American businesses’ innovative capabilities have historically been
underutilized in efforts to identify and disrupt criminal networks
operating in cyberspace. Thus, it is the policy of the United States to
use all instruments of national power, including the innovative capabilities
of the private sector, to combat cybercrime. By partnering with vetted
United States companies subject to the direction and oversight of the Federal
Government, we will enhance our ability to counter TCO threats and combat
transnational cybercrime, fraud, and other predatory schemes against American
citizens.
Monday, 13 July 2026
FRAND licensing needs a taxonomy: valuation absent context is misvaluation
The World Intellectual Property Organization's recent report
on SEP valuation methodologies provides a useful overview of comparable
licences, bottom-up valuation and top-down approaches. However, in my view, the
most important issue in FRAND valuation remains underexplored: the need to
distinguish between fundamentally different categories of licensing and
commercial arrangements.
This article argues that much FRAND analysis suffers from false
commensurability. Bilateral licences, cross-licences, collective licensing
platforms, patent pools, paid-up lump-sum settlements and royalty-free regimes
are frequently converted into common metrics such as ad valorem rates or
dollar-per-unit royalties and then treated as directly comparable. In the
process, critical commercial context can be lost in translation.
Using examples including Nokia's agreements with Apple and
Microsoft, Avanci's $32-per-vehicle automotive licensing model, public
licensing programmes from Qualcomm and InterDigital, and recent FRAND decisions
including Samsung v ZTE, Optis v Apple and InterDigital v
Lenovo, I examine how royalty metrics, payment structures, bargaining
conditions and strategic objectives can materially affect negotiated outcomes.
I also discuss the risks associated with cross-licence
unpacking, portfolio-strength-ratio methodologies, patent counting,
manufactured comparables, and the tendency to treat complex licensing
agreements as if they can be translated mechanically into equivalent royalty
rates.
My central thesis is simple:
The first question in FRAND valuation should not be
"Which methodology should we use?" but "What exactly are we
trying to value?"
The resulting rates may appear objective and comparable, but
instead still reflect the bargaining asymmetries, strategic objectives, risk
allocations and other distortions that shaped the original deal.
Download the full article from SSRN, here.
Wednesday, 8 July 2026
US Department of Justice Remarks Regarding IP and Global Competition
On July 8, 2026, the US Department of Justice issued a press release containing the remarks of Deputy Assistant Attorney General Dina Kallay at the Hudson Institute Forum for Intellectual Property. The remarks describe the US Department of Justice’s position on numerous cases in which the Department has filed a statement of interest. Notably, the remarks also address IP and global competition:
Intellectual Property Enforcement Strengthens Global
Competition
Now that we have discussed an example of our domestic IP
dance, I want to turn to an international example which demonstrates that
strong protection of IP rights benefits robust market competition worldwide.
Each year the Office of the United States Trade
Representative (USTR) issues a Special 301 Report, as required by Congress,
which is a review of the global state of IP rights protection and enforcement.[29] Internationally,
failure to enforce IP laws as required under the World Trade Organization
Agreement on Trade-Related Aspects of Intellectual Property Rights[30] (“WTO
TRIPS Agreement”) creates barriers to trade that negatively impact U.S.
companies and consumers. Without robust IP protection and enforcement globally,
American innovators cannot “defend their rights when their IP is stolen or
infringed” and, consequently, the benefits of that IP cannot flow back to the
United States economy.[31] Effectively,
failure to enforce IP laws creates a non-tariff barrier to trade, as it can
subsidize domestic industry or increase costs on foreign industry.
The recently issued 2026 Special 301 Report, highlighted
several “emerging global trends [that] have the potential to improperly and
unfairly harm U.S. innovators” related to patents and standards. The
Intellectual Property and Standards section of the report[32] underscores
the importance of IP protection to U.S. leadership in developing
next-generation technologies, and states unequivocally that “American
innovation leadership, economic competitiveness, and national security are
threatened by proposals or actions that undermine the effective enforcement of
patent rights.” The Report went on to identify three emerging global trends
that improperly harms U.S. innovators:
- Court rulings called “anti-suit injunctions” that bar
U.S. companies from enforcing their patents anywhere else in the
world;
- Judicial or administrative procedures that compel
innovators to grant, without their consent, global licenses to patented
technologies on terms set by the court or the government; and
- Judicial or legislative efforts to prohibit the
seeking or availability of injunctions against patent infringement, the
core remedy that allows patent holders to enforce their rights.
The Report’s findings dovetail with the antitrust policy
principles I highlighted earlier, including the importance of robust
intellectual property protection both domestically and globally; an unfettered
intellectual property marketplace; and the unhindered availability of
injunctions and other remedies against infringement. They are also consistent
with globally recognized WTO treaty obligations.[33] So
it’s a case where, while arriving from different angles, antitrust and
international trade policies converge around the same principles.
The full remarks are available, here.
Tuesday, 16 June 2026
Join Online: 14th Intellectual Property and Competition Forum The Global Patent Chess Game: International Patent Strategy in a Fragmented World Order 23–24 June 2026 | Munich & Online
The 14th IP & Competition Forum offers a series
of highly topical online sessions on the changing architecture of global patent
litigation, enforcement, licensing and competition policy.
Register for ALL ONLINE sessions here:
https://www.oxfora.org/webinar-14th-forum-live/
Injunctions at the Centre of Gravity in Global
Patent Strategy
23 June 2026 | 08:30 London time
Moderator
Otto Licks, Founding
Partner, Licks Attorneys
Speakers
Dr Thomas
Dreiser, Chief IP Litigation Counsel, EMEA, Huawei
Chris Longman,
Vice President, Legal Counsel, Qualcomm
Tom Brown, Head of IP
Litigation, Dell
Lara Rogers, Head of
IP Disputes, Amazon
Long-Arm Jurisdiction in Patent Disputes after BSH
Hausgeräte v. Electrolux
23 June 2026 | 09:30 London time
Moderator
Dr Constanze
Krenz, Partner, DLA Piper
Speakers
Dr Corin
Gittinger, Partner, Freshfields
Alessandro Orsi,
VP Legal, Associate General Counsel IP, HP
Dr Clemens Heusch,
VP, Head of Global Litigation and Disputes, Nokia
Gerhard
Tschiedel, IP Transactions Manager, Giesecke+Devrient
Competition Perspectives, LNGs, Standards &
Patent Licensing
23 June 2026 | 15:00 London time
Moderator
Le Chen, Senior
Director, IP Policy & Dispute Resolution
Speakers
Paul Bridgeland, Policy Officer, DG Competition, European Commission
Dr Felix Engelsing, Director,
Bundeskartellamt
Dr Thomas
Buchholz, Senior Expert Digital IP, BSH Hausgeräte GmbH
Alexander
Prenter, Policy Director, Fair Standards Alliance
Collette Rawnsley, VP,
IP Policy & Advocacy, Nokia
China: Litigation, Licensing & Global Influence
24 June 2026 | 07:30 London time
Keynote
Dr Juan He — Judge, Intellectual Property Court, Supreme People’s Court of
China
Moderator
Jing Xu, Partner, King
& Wood
Speakers
Na Wei, GM of Corporate
Business Development & IP Strategy, Xiaomi
Vivienne Li, Head of Patent Licensing, ByteDance
Collette Rawnsley, VP,
IP Policy & Advocacy, Nokia
Dylan Li, Head of
European IPR Department, Huawei
Courts & Rate Setting
24 June 2026 | 11:00 London time
Keynote
Fabian Hoffmann — Judge, German Supreme Court
Moderator
Jeffrey
Blumenfeld, Competition and Policy Counsel, Access Advance
Speakers
Shuang Cheng,
Cellular Licensing Lead, Xiaomi
Michele
Baccelli, Partner, Hoffmann Eitle
UPC and EPO Case Law: Convergence, Divergence and
Practical Consequences — Novelty, Inventive Step & Added Matter
24 June 2026 | 14:00 London time
Practitioner Speakers
Dr Natalia
Wegner, Partner, Carpmaels & Ransford
Bernhard Thum,
Partner, Thum & Partner
Judge Speakers
Dr Stefan Wilhelm — Judge, Unified Patent Court
Dr Christoph Schober — Judge, Unified Patent Court
Dr Kemal Bengi — Chair of the Board of Appeal 3.5.05, European Patent Office
Judges’ Perspectives on International Understanding
in Patent Disputes
24 June 2026 | 15:45 London time
Speakers
Prof. Peter Meier-Beck — Presiding Judge (ret.) & UPC Advisory
Committee, German Supreme Court / Heinrich Heine University Düsseldorf
Judge Victor Torres — Judge, Court of Rio de Janeiro, Brazil
Dr Juan He — Judge, Intellectual Property Court, Supreme People’s Court of
China
These sessions address some of the most important
questions in international patent enforcement today: injunctions as tools of
global leverage, cross-border patent enforcement, long-arm jurisdiction, forum
strategy, SEPs, FRAND, standards, patent licensing, competition policy, China’s
growing influence, rate setting, UPC and EPO case law, and international
judicial understanding in patent disputes.
The Forum brings together judicial perspectives
from the German Supreme Court, the Unified Patent Court, the European
Patent Office Boards of Appeal, the Supreme People’s Court of China,
the Court of Rio de Janeiro and the Landgericht Munich, alongside
leading voices from industry, patent offices, competition authorities, private
practice and academia.
Patrons include: Licks
Attorneys, Hogan Lovells, Nokia, RPX, Freshfields and Vossius Brinkhof.
More information: https://www.oxfora.org
Contact: info@oxfirst.com
FRAND commitments include no right to a platform licence
In my recent article, Are patent pool royalty rates FRAND?, I argued that patent pool and platform rates are structurally unsuited to serve as benchmarks for bilateral FRAND licensing. That analysis focused on pricing (i.e. royalty rates) — specifically, on the risk of inferring inapplicable rates from fundamentally different licensing arrangements.
This article addresses a logically prior question now before
the England and Wales (“UK”) Supreme Court in Tesla v InterDigital / Avanci: Before any court determines whether a platform licence is FRAND, does it have
jurisdiction and is there any entitlement to have those terms determined in court?
That question is not merely procedural. It goes to the
meaning and scope of FRAND.
The point is not that platform rates are “sub-FRAND” or
otherwise deficient. On the contrary, they may be entirely FRAND within their
own commercial context. The point is that FRAND operates through different
processes in different licensing structures, and those processes should not be
conflated.
FRAND does not necessarily include a right to a platform
licence. Recognising that preserves both the integrity of the ETSI undertaking
and the legitimacy of alternative licensing institutions developed by the
market.
Tuesday, 2 June 2026
Are patent pool royalty rates FRAND?
This question sits at the intersection of licensing practice, competition policy, and judicial interpretation. Courts, regulators, and industry participants often look to patent pools for guidance in determining FRAND[1] rates. Yet doing so risks a fundamental mistake. Patent pool rates — whether characterised as FRAND, sub‑FRAND,[2] or otherwise — are structurally unsuited to serve as benchmarks for bilateral licensing.
I asked several attendees this headline question at the
recent Patents and Standards conference in London — in informal conversations
during coffee breaks. I also posed the question to fellow panellists there in
our session entitled Platforms and Pools: Where Next? While Sisvel panellist Matteo Sabattini was
proud to inform us emphatically that courts had found patent pool Sisvel’s
rates FRAND, most others answered equivocally.
This question is also under consideration by the UK Supreme
Court. In December 2023, Tesla raised proceedings seeking, among other
requests, a declaration of FRAND terms for a license to SEPs in the Avanci 5G
Platform. Before opining on FRAND terms, the UKSC must determine if those are applicable
in that case.
There’s extensive effective and efficient SEP licensing
based on FRAND commitments — bilaterally and in patent pools. However, pool
rates are typically below bilateral FRAND rates for various reasons. For
example, pooling is well-known to reduce transaction costs and so these savings
can be passed on in lower royalty rates.
Pooling rates that might be considered sub-FRAND in
bilateral licensing shouldn’t be deemed a breach of SEP owners’ FRAND
commitments. Voluntarily offering relatively low royalty rates
non-discriminately is not harmful to any licensee. Similarly, unilaterally
offering licensing to all royalty-free is also harmless.
As patent pool terms are generally regarded as FRAND it should
be accepted that the range of FRAND rates might be very large, given the
various other differences in licensing structure and terms versus bilateral
licensing.
Alternatively, perhaps Standard-Setting Organisations (SSOs)
and others should regard collective licensing including patent pooling as
another, distinctly different kind of
licensing arrangement to bilateral licensing — just as royalty-free is already
recognised as distinct from FRAND licensing by some SSOs?[3]
Either way, patent pool rates are inapplicable benchmarks
for bilateral licensing — and vice versa — in the same way that the existence
of royalty-free patent pooling should not impose that pricing as an obligation
on SEP owners who choose not to join such an arrangement.[4]
[1]
Fair, Reasonable and Non-Discriminatory (FRAND) is generally regarded as being
the same as Reasonable and Non-Discriminatory (RAND).
[2] This
contentious term seems to describe rates that fall below the range that would
be considered suitable FRAND benchmarks in bilateral licensing determinations.
See subsequent section on UK High Court Judgment in Samsung v. ZTE.
[3] The
Patent Policies of IEEE SA
and ITU-T/ITU-R/ISO/IEC
accommodate “without compensation” and
“free of charge”, respectively, (i.e. royalty-free) as well as RAND licensing.
[4] Bluetooth
SIG participation requires reciprocal, “without compensation” (i.e.
royalty‑free) cross‑licensing. Google and others have asserted that open source
video codecs including VP8, VP9 and AV1 can be implemented without paying any
license fees to anyone. Nevertheless, various patents that are not available
royalty-free read on those standards. Google
paid off pool administrator MPEG LA so that free proposition could be
maintained for VP8 implementers. Sisvel
offers a licensing platform for patents essential to VP9.
Thursday, 7 May 2026
Injunctions — Perspectives from the Judiciary of Brazil Tuesday, 13 May 2026 15:00 UK | 16:00 CET
OxFirst is pleased to host a free webinar with Judge
Victor Diz Torres, Judge at the Tribunal de Justiça do Estado do Rio de
Janeiro, Brazil, speaking in his private capacity.
Injunctions — Perspectives from the Judiciary of Brazil
Tuesday, 13 May 2026 15:00 UK | 16:00 CET register here: https://oxfirst.com/insights-&-news/injunctions-brazil-judiciary-may-12/
The discussion will examine when Brazilian courts grant
injunctive relief in patent litigation, how such orders are enforced in
practice, and how courts balance exclusivity, market access and proportionality
in innovation-driven disputes.
The webinar will also explore the emerging treatment of the FRAND
defence in Brazil, particularly in cases involving standard-essential
patents (SEPs). Key questions include licensing conduct, good faith
negotiation, competition concerns and the limits of injunctive relief where
FRAND commitments are raised.
This webinar forms part of the lead-up to the 14th IP
& Competition Forum, taking place in Munich on 23–24 June 2026
under the theme:
The Global Patent Chess Game: International Patent
Strategy in a Fragmented World
The 14th IP & Competition Forum will bring
together senior judges, patent offices, competition authorities, industry
leaders and scholars to discuss SEPs, injunctions, long-arm jurisdiction,
patent quality and cross-border enforcement.
Register for the free webinar: https://oxfirst.com/insights-&-news/injunctions-brazil-judiciary-may-12/
More about the 14th IP & Competition Forum: www.oxfora.org
For enquiries: info@oxfirst.com
#PatentLitigation #Injunctions #SEP #FRAND #Brazil
#CompetitionLaw #IntellectualProperty #PatentStrategy #OxFirst #OxFora


