IP has become one of Israel’s main exports
By Ady Nordman, Soroker Agmon Nordman
Advocates & Patent Attorneys Digital Medicine, Blockchain, Fintech, Medical Devices, Cannabis, Software, Cyber, Storage, Energy, AI, Auto-tech, Food-tech, Chemistry, Life Sciences, Smart Cities – these are only some of the industries patents were drafted for this past year in Israel.
Having received the latest results from Israel’s leading ranking companies, Dun’s 100 and Coface BDI, GGI member firm Soroker Agmon Nordman, Advocates & Patent Attorneys, has once again secured their place in Israel’s top ten IP and Patent firms.
Over the past two decades, intellectual property has become one of Israel’s main exports. It’s easy to understand why – as a Tech Nation, with few natural resources, Israel is leading the way with highly sophisticated and state- of-art inventions. Patents have become associated with money, and successfully developing your intellectual property portfolio can (and does!) lead to unbelievable results in some cases. Just recently, numerous Israeli companies have been involved in some of the largest purchases in the world: KLA-Tencor, an American California-based corporation bought Israeli Orbotech corporation, of which technology can be found in almost any smartphone or tablet in the world; the Australian company Aristocrat purchased Israeli gaming company Plarium with the intention to become a global leader in social gaming for USD 3.4 billion; Mexichem, a Mexicobased company primarily engaged in the production of plumbing fixtures, completed the acquisition of a 80% stake in Netafim, an Israeli worldwide leader of irrigation equipment for USD 1.895 billion; US Giant, International Flavors & Fragrances Inc. (IFF), acquired Frutarom, an Israeli company specialising in the production and distribution of extracts for flavour and fragrance, in a deal valued at approximately USD 7.1 billion; and the Mobileye acquisition earlier this year by Intel is valued at USD 15 billion. Since January 2018, 58 Israeli entities were purchased for approximately USD 6.25 billion.
These deals alone accentuate the importance of a highly experienced and capable patent agent, as none of these deals would have gone through without sound and well-maintained IP portfolios.
Ms Sharone Godesh, Patent Department Head at Soroker Agmon Nordman, is well aware of her team’s crucial role in the firm’s client’s success: ‘A good patent attorney, could mean the difference between protection of your patent and total loss of its value.’
In June 2018, the USPTO announced their 10th million patent application, only three years after they were at nine million and six years since they had reached eight million – so there is no doubt that the world’s rate of applying for patents is climbing. As such and not surprisingly, Israel is rated 5th in the world in patents per capita, and intellectual property comprises 30% of Israeli companies listed on the stock exchange and is valued at 80% of all their total assets.
Soroker Agmon Nordman’s focus on Israel’s prime strength in leading technology has proven itself year after year. Celebrating 20 years in 2019, and offering services beyond IP, primarily in complex civil and commercial litigation, Soroker Agmon Nordman remain certain that superior intellectual property services, from trademark protection to the drafting of an inventor’s idea, is the future of our global economy.
Godesh further adds that her department’s consultant role to inventors is like no other. Their ability to turn an inventor’s idea, and often theory, into a commercial valuable asset is at the heart of all they do. This can only be successfully done through clear and open communication directly between the inventor and her team. Godesh leads a team of highly qualified and diverse patent attorneys and agents who boast a long list of industries and submissions in Israel, Singapore, USA & anywhere else that the client requests, or is recommended to protect their IP through the firm’s vast global IP network.
Soroker Agmon Nordman continue to lead in creativity having released an original introductory video – please visit their website: www.ip-law.legal to watch and to learn more about their offce, and stay tuned for their 20- year anniversary campaign in 2019!
Soroker Agmon Nordman
Advocates & Patent Attorneys
Law Firm Services
Herzliya (Tel Aviv), Israel
T: +972 9 950 70 00