The following is excerpted from a September 1, 2011 article by Michael Kan published by CIO:
A Taiwanese research institute plans to create a multimillion-dollar fund to help local technology firms fend off patent infringement lawsuits in response to the ongoing patent disputes between Taiwan's HTC and Apple.
Taiwan's Industrial Technology Research Institute (ITRI) announced on Thursday the establishment of an intellectual property "bank," which will consist of a fund aimed at acquiring key patents in Taiwan and abroad. The fund will be set up as a private company this month, according to a statement from ITRI.
ITRI said the formation of a fund to protect patents has been an ongoing topic among Taiwan's manufacturers, but that recent patent disputes caused the research institute to further push for its establishment.
An ITRI subsidiary, Industrial Technology Investment Corporation, will own the fund, which currently has NT$200 million ($6.9 million). ITRI wants to grow the fund through investment from other Taiwanese firms.
Read the full article here.