#Japan #Tokyo #LegalTech #VDR #AIKoumei

LegalTech Integrates AI with VDR to Support Academic Institutions

In a significant advancement for the educational sector, LegalTech Co., headquartered in Tokyo, has introduced an innovative feature by integrating its generation AI, AI Koumei, into the secure Virtual Data Room (VDR) named LegalTech VDR. This groundbreaking development is especially tailored for universities and research institutions, where the management of complex documents related to industry-academia collaboration, intellectual property management, and research funding contracts is increasingly challenging.

The growing complexity and volume of document-related tasks in academic environments necessitate an urgent need for enhanced efficiency and clarity in operations. The new solution offered by LegalTech aims to substantially boost productivity in research support, intellectual property departments, and Research Administrators (URAs) through advanced AI capabilities, including document analysis, categorization, and key point extraction.

Key Applications of LegalTech VDR x AI Koumei

LegalTech VDR has been designed with multiple functionalities aimed at resolving specific challenges faced by universities and research institutions. Here are some illustrative examples:

1. Management of Industry-Academia Collaboration Contracts

• - Application: The system facilitates AI review of joint research and confidentiality agreements (NDAs), allowing for comparative analysis with previous contracts.
• - Benefits: This helps to visualize risks and streamlines negotiations, enabling institutions to navigate complex legal landscapes more effectively.

2. Management of Research Funding Documents

• - Application: Generates drafts for applications related to grants and contracted research while searching historical examples through AI.
• - Benefits: The efficiency gains translate into reduced time for document preparation and improved success rates in securing funding.

3. Intellectual Property Management Support

• - Application: In partnership with Tokkyo.Ai, the system extracts patent candidates from research outcomes and performs portfolio analysis.
• - Benefits: This prevents missed patent opportunities and strengthens IP strategies within the academic institution.

4. Management of Reports and Research Outcomes

• - Application: Categories and tags reports while also generating summaries for research outcomes.
• - Benefits: Improves internal knowledge accumulation and enhances searchability within academic databases.

5. Secure Management of Confidential Information

• - Application: Offers stringent access control measures and record-keeping through proof logs.
• - Benefits: Mitigates risks of information leakage, ensuring transparency in operational processes.

Main Features Overview

LegalTech VDR provides an array of advanced features, including:

• - Secure VDR Capabilities: Offers access control, detailed logging of actions, full-text search and tagging, encrypted communication, and multi-factor authentication.
• - AI Koumei Features: Enables drafting of contracts and research documents, summarization of key points, search for similar cases, multi-language translation, and visualization of contract risks with differential checks.

For more detailed information about LegalTech VDR, please click here.

Future Developments

Looking ahead, LegalTech plans to implement systems that will further enhance both institutional management and research support. These include integration with unified university contract templates, responses to grant formats from various government ministries, and knowledge integration functionalities for patents and research assets. LegalTech aims to support transformational management of knowledge and contracts in academia through AI innovation.

About LegalTech Co.

• - Company Name: LegalTech Co.
• - Foundation: March 2021
• - Capital: 3.8 billion yen (including capital reserves)
• - CEO: Takahito Sasaki
• - Location: 5-13-1 Toranomon, Minato-ku, Tokyo 40MT Building 4F
• - Website: www.legaltech.co.jp

LegalTech Co. specializes in providing cutting-edge AI-driven services in the fields of intellectual property and legal technology. Their offerings include a private AI patent management system called MyTokkyo.Ai, the operation of an IP portal called Tokkyo.Ai, an IP marketplace for transactional support, and an Innovation marketplace to promote open innovation, all aimed at robustly supporting corporate IP strategies. Additionally, they provide the secure sharing and management platform of LegalTech VDR, along with systems that enhance efficiency in IP contract management, online trademark services, and the ability to search through IP case law and litigation using LegalSearch.