# PatSnap announces strategic alliance with GreyB aimed at streamlining Research & Development globally Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-07-21 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: PatSnap Announces Strategic Alliance with GreyB for R&D Meta Description: Discover how PatSnap and GreyB's strategic alliance provides the world's largest IP dataset and human research expertise for cutting-edge R&D and URL: https://financedigest.com/patsnap-announces-strategic-alliance-with-greyb-aimed-at-streamlining-research-development-globallyhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/young-stylish-businessmanm-1736843675861-compressed.jpg) PatSnap, the global Intellectual Property Analytics company backed by Sequoia and used by innovative companies to accelerate their research and development (R&D), has today announced a strategic alliance with GreyB (Singapore), a technology consulting and IP research firm working with R&D and IP Law firms, with a sharp focus on intellectual property, specifically patents. PatSnap, which has offices in Singapore, China, the UK and USA, has brought together the world’s largest Intellectual Property (IP) dataset. By adding licensing and litigation data, economic data, patent valuation, image and chemical formula search, and trademark recognition, PatSnap provides the world’s most innovative organisations with a new, intuitive source of information for use during research. With GreyB’s specialisation in performing sophisticated and custom human research investigations, the alliance will enable customers of both PatSnap and GreyB to access a complementary and comprehensive range of information, expertise and services needed to support the innovation strategies of enterprises, governments and academic institutions worldwide. Deepak Syal, cofounder and director at GreyB, said: “PatSnap has brought the insights of global IP [data to research teams across the world](https://www.financedigest.com/u-s-yield-curve-inverts-after-strong-jobs-data-world-shares-mixed.html "U.S. yield curve inverts after strong jobs data; world shares mixed"), and at GreyB we are delighted to announce our alliance with PatSnap, which will enable access to intelligent patent data and strengthen our commitment to customers – improving data driven decision for R&D and patents ” R&D [investment is expected to top](https://www.financedigest.com/what-are-the-top-luxury-products-to-invest-in-for-2021.html "What are the top luxury products to invest in for 2021?") US$2 trillion in 2017, and with today’s economic pressures, businesses are being forced more than ever to make intelligent investment decisions. In the past 40 years, R&D productivity has dropped by an [estimated 65%](https://www.financedigest.com/metallic-glass-market-is-estimated-to-expand-at-a-cagr-of-6-5-during-the-forecast-period-of-2020-2030.html "Metallic Glass Market is estimated to expand at a CAGR of 6.5% during the forecast period of 2020-2030"), and PatSnap’s over 3,000 global customers understand the need to ‘look before you leap’ and make use of PatSnap’s innovation enhancing solution portfolio. Ray Chohan, VP, Corporate Strategy at PatSnap, said: “Research and development has been experiencing huge productivity challenges over the [last 30 years](https://www.financedigest.com/crypto-investors-step-up-risk-management-after-last-years-meltdowns.html "Crypto investors step up risk management after last year’s meltdowns"). With GreyB’s outstanding reputation in the field of Intellectual Property research, we are thrilled to share the common goal of streamlining the process of idea conception to commercialisation, and bringing a 360 degree oversight into the innovation landscape to our customers.” --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---