M·CAM, Inc. releases an updated assessment of global open source Tidal Power innovation in the Global Innovation Commons and the accompanying Patently Obvious® on the Marine Energy Memorandum of Understanding between Scotland and South Korea

Date:  Thu, 2013-05-16

CHARLOTTESVILLE, VA May 16, 2013 – M·CAM, Inc. releases an updated assessment of global open source Tidal Power innovation in the Global Innovation Commons and the accompanying Patently Obvious® report on the Marine Energy Memorandum of Understanding between Scotland and South Korea.

On Monday, May 6, 2013, Scottish Development International (SDI), the investment and trade promotion arm of the Scottish government, and Incheon Metropolitan City in South Korea signed a Memorandum of Understanding (MOU) to share ideas, knowledge, and technology. SDI has also stated that it wishes to create a new export market for Scottish tidal energy companies. While the nations’ collaborative impulse is laudable, it is important to note that innovation enabling tidal energy generation is neither new nor in its nascent stages.

To demonstrate this, M·CAM’s Global Innovation Commons is releasing an updated open source Tidal Power innovation compendium.

M·CAM’s Patently Obvious® is a report providing visibility into potentially unconsidered alternatives, including art in the public domain, to patent holdings across a variety of technology areas.

M·CAM’s Global Innovation Commons (G.I.C.) provides a world-wide repository of all innovations which, while possibly protected in one or more countries, have the ability to be used in the rest of the world due to patent expiration, abandonment, invalidity, or failure to file in-country protection. The G.I.C. enables the immediate “open source” generic production of most technologies – even those considered most cutting edge – in markets where patent holders failed to seek or gain protection.

M·CAM, Inc. is a global financial services firm specializing in intangible collateral, including state granted rights, intellectual property and other instruments. We deploy an underwriting platform to measure and quantify the market consequence, commercial and obsolescence risk of intangible assets for both commercial and public policy initiatives. From our pioneering work in creating the world’s first standards-based innovation collateralization financial products for banking and securities to our work in grassroots innovator enablement and patent quality assurance programs, M·CAM provides the mechanism to balance the interests of public and commercial sectors to support and build thriving economies.

The M·CAM Patently Obvious® Report on the Marine Energy Memorandum of Understanding between Scotland and South Korea HERE.

M·CAM’s Global Innovation Commons updated assessment of global open source Tidal Power innovation can be found HERE.