Michael L. Tipsord Chairman, President and Chief Executive Officer | State Farm, IL
State Farm has unveiled a new website showcasing its patent inventions available for sale and the technological sectors where they can be found. The company, more than just an insurance provider, is demonstrating its commitment to innovation by offering some of its patented technology for licensing, purchase or collaboration opportunities.
Haden Kirkpatrick, Vice President - Innovation & Venture Capital at State Farm, stated, "As one of the most innovative companies in our industry, at State Farm we pride ourselves on creating the most advanced, leading-edge technologies to help keep our policyholders safe. We’re excited to launch our patent website to extend our Intellectual Property assets and help offer these advanced technologies to firms which share our mission of helping more people in more ways. As we look to the future, we see the opportunity to predict and prevent losses, keeping our policyholders and fellow citizens safer and better protected than ever before.”
The patents available cover a range of areas including artificial intelligence software, autonomous & electric vehicles, blockchain technology, auto telematics and smart home technology among others.
Interested parties are invited to visit the website for a representative snapshot of some of the pioneering work being done at State Farm. For those interested in learning more about their robust portfolio or considering purchasing, licensing or collaborating with them can reach out via email at patents@statefarm.com.
State Farm's focus on innovation and technology extends beyond its products; it permeates its corporate culture as well. Employees across the organization are encouraged to think big when it comes to how the company can meet customers in new and different ways. This ethos contributes significantly to their growing patent portfolio.