Patent Clustering Program and Business Strategies for an Ultrasonic Dissector in Taiwan

Abstract

As minimally invasive surgery becomes increasingly popular for certain surgeries, the applicable tools have become more important and widespread. Our sponsor, Summed Taiwan, seeks to expand their global market share and increase the overall functional value of their ultrasonic dissector device, which they produce under their subsidiary Maxima. Our project researched the current market in South Korea and helped automate the process of grouping patents to aid Maxima’s R&D team. The team created a strategic matrix to facilitate Maxima’s expansion to South Korea, outlining a plan to solve the problems the company is currently facing, as well as a patent clustering algorithm capable of grouping thousands of patents to allow Summed to find related patents to a specific technology more efficiently