Nowadays, many governments strive to create an environment that will endorse smart software and new developments to enhance it. For this purpose, authorities create many types of grants and strive to support businesses. Among the most lucrative and popular sectors is the one that involves vehicles. Companies that develop and manufacture vehicle software are among the most promising, such as Oxbotica, the intellectual property of which is based on predicting and evaluating software.
The U.K. has been working on new initiatives to support developing businesses. Recent government initiatives, funded by £100 million that prioritize safety via new legislation and generate thousands of new employment in the sector may see self-driving cars on U.K. roads by 2025 (Self-driving revolution to boost economy and improve road safety, 2022). For instance, Ocado, an online grocer, already announced a significant investment in autonomous vehicle technology (BBC, 2021). However, among the well-known companies is Oxbotica, which creates software for autonomous vehicles (A.V.) and is aware of what it takes to integrate software into practical applications (Oxbotica, 2019). The cutting-edge technology supports Oxbotica’s distinctive horizontal B2B business model by giving operators, installers, and manufacturers the flexibility, capability, and adaptability they want, whether they are working with a whole stack or separately from individual components (IpGroup, 2021). Regarding Oxbotica’s intellectual property, it involves sensors and predictors. For instance, the A.V. capability that is integrated by Oxbotica technology encompasses device drivers, mapping, obstacle identification, sensory perception, and projection (Oxbotica, n.d.). Therefore, Oxbotica’s most prominent property involves software, which independently assesses surroundings.
Hence, among the most promising businesses are those that produce and develop software for automobiles, like Oxbotica, whose intellectual property is based on software prediction and evaluation. In terms of Oxbotica’s intellectual property, the sensors and predictors are involved. For instance, device drivers, mapping, obstacle recognition, sensory perception, and projection are all included in the A.V. capacity that is integrated into Oxbotica technology. Therefore, software that independently evaluates the environment is Oxbotica’s most notable feature.
Reference List
BBC. (2021) ‘Ocado in self-driving vans push with £10m stake in Oxbotica’. Web.
IpGroup. (2021) ‘IP Group plc – Portfolio company Oxbotica completes £36m funding round’. Web.
Oxbotica. (n.d.) ‘Our technology’. Web.
Oxbotica. (2019) ‘The future is autonomous: A view from IP Group’. Web.
Self-driving revolution to boost economy and improve road safety (2022) Web.