On May 14th, 2019, PatSnap celebrated the launch of its North American headquarters in Toronto. The PatSnap office, currently housed at WeWork, employs 30 people today with plans to grow to 100 employees by end of 2019. With a warm welcome from the Hon. Todd Smith, Minister of Economic Development, Job Creation and Trade, on behalf of the provincial government, Toronto Mayor John Tory and Toronto Global, PatSnap is happily settling into its new home in Toronto.
PatSnap has brought together the world’s most comprehensive R&D dataset in one easy to use platform to help innovation leaders analyze tech trends, assess new opportunities, conduct competitor intelligence and maximize return on IP assets. By combining millions of data points from patents, licensing, litigation and company information with non-patent literature, PatSnap provides the world’s most innovative organizations with a new intuitive source of information to accelerate their R&D.
Founded in 2007 by Jeffrey Tiong, PatSnap has been a rapidly growing entrepreneurial success story with a presence in Asia, Europe and the United States. After opening a small office in Toronto in 2018, PatSnap soon realized the region’s unmatched potential for scaling up its business. Toronto provided PatSnap with a positive investment and talent recruitment experience. The PatSnap leadership team decided to make Toronto its new North American headquarters, with a commitment to grow operations here significantly.
“Toronto represents everything that PatSnap is – innovative, successful, open, engaging and dynamic. For us, this stunning city is the perfect place for our new North American headquarters,” says Jeffrey Tiong, Founder and CEO, PatSnap.
With Toronto being such an innovative and future-focused city, PatSnap believes it should fit right into the technology community here. “Toronto is one of the most diverse and exciting cities in the world and the industries thriving here are the perfect fit for our portfolio focus. It’s all here – aerospace, design, life sciences, technology – the sorts of industries where we can partner and enhance for mutual gain.”
PatSnap’s ambition goes beyond supporting the continued growth of its business. The company aims to be an employer of choice and the best place to work for local talent across a wide range of industry sectors. PatSnap will benefit the local economy by providing access to work that is both challenging and rewarding. Who wouldn’t want to work in a business that not only helps predict the future, but helps to shape it?
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