Nov 13, 2017 · Patents filed by research universities rarely end up generating revenue. In fact, fewer than 20% of technology transfer offices break …
Patent applications are out-of-the-money call options, at least initially. They are out-of-the-money because they do not (yet) have intrinsic value. (This is by definition, since nobody has ever seen the invention before.) Patents that have in-the-money value are those where there are infringers who could be sued and who should pay a license fee.
Dec 15, 2015 · The rankings may need to be revisited after Phase 2, the market hypothesis generation phase, is completed because the choice of market will have a major influence on the value of the patent.
Nov 18, 2019 · These intangible assets—patents, trade secrets and copyrights—have tangible value for companies that have the foresight to protect them. They help build market leadership, revenues and margins, and they attract capital investment. There’s real money for the owners of the businesses that own those forms of IP. II. Trademarks
1. The Lightbulb. The electric lightbulb is perhaps one of the most famous patented inventions known to humankind. It was awarded to Thomas Alva Edison in the year 1878.
There are three types of patents - Utility, Design, and Plant. Utility patents may be granted to anyone who invents or discovers any new and useful process, machine, article of manufacture, or compositions of matters, or any new useful improvement thereof.Jan 31, 2019
The easiest and most common way to promote a patent is to simply mention it in:Advertisements.Tradeshow signs.Marketing emails.Product pages and landing pages.Demo videos.Brochures, application notes, or any other technical documentation for the invention.
The theory behind the “poor man's patent” is that, by describing your invention in writing and mailing that documentation to yourself in a sealed envelope via certified mail (or other proof-of-delivery mail), the sealed envelope and its contents could be used against others to establish the date that the invention was ...Oct 13, 2019
Patent. No previously published pre-grant publication. B2. Patent. Having a previously published pre-grant publication and available March 2001.
There are four different patent types:Utility patent. This is what most people think of when they think about a patent. ... Provisional patent. ... Design patent. ... Plant patent.Jul 12, 2021
You can commercialize your patent by licensing it to a major player. What is licensing? You can think of it like renting. If you do not want to make and sell your invention yourself, you can license it to an individual or company who does.Jul 23, 2018
According to a Forbes report, out of the 2.1 million active US patents hardly 5% have reached the market. About 90% of the patents fail to be commercialized or find angel investors or licensees.Sep 24, 2019
Licensing the right to make, use, or sell your product is usually the most profitable route for inventors. As patent holder, you retain ownership of the invention and earn royalty payments on future sales of the product. You can grant an exclusive license to one company or several companies.Sep 4, 2020
The USPTO also supports two programs that provide free legal assistance in the form of patent application preparation, filing, and prosecution services to inventors who cannot afford an attorney or agent. ... The Patent Pro Bono Program attempts to match inventors with registered patent agents or patent attorneys.Mar 1, 2018
A patent attorney will usually charge between $8,000 and $10,000 for a patent application, but the cost can be higher. In most cases, you should budget between $15,000 and $20,000 to complete the patenting process for your invention.
To protect your interests, consider two common strategies employed by inventors, amateur and professional alike. First, you can file a provisional patent application (if your invention is patentable). Second, you can use a nondisclosure agreement (regardless of whether it is patentable).
When you are attempting to license an innovation that requires a significant amount of time and capital to bring to market, having patents becomes extremely important. There’s so much more at stake. Keeping your competition at bay will allow you to recoup your expenses much more quickly.
Patents filed by research universities rarely end up generating revenue. In fact, fewer than 20% of technology transfer offices break even. It’s extremely difficult to quantify the true value of invention and how costs are recouped. (And indeed, some argue that the business model of technology transfer is actually to ‘create impact.’)
In some industries, patents are absolutely critical. But in far more they are not. It’s a well-known fact that a vast majority of patents are worthless. Around 97% of all patents never recoup the cost of filing them. That figure has been floating around for years. There’s other compelling evidence.
It is important to distinguish your core assets from the non-core assets to identify the best candidates for licensing. Core patents cover technologies that are or will be embodied in current or future products. Non-core patents, on the other hand, cover technologies that are not being used in either current or planned products. [1] Companies have different strategies in terms of their preference for licensing their core or non-core patents based on the licensing program’s desired outcome. Identifying the candidates for licensing may require approval and involvement of other internal business units and their technical assistance to aid monetization.
A systematic approach ensures a comprehensive understanding of the costs and risks associated with your licensing program to maximize the value of your patents with an approach that is in line with your business goals, timescales and risk appetite.
Chhavi Bhandari is an IP Specialist for ClearViewIP. Based in Sydney Australia, Chhavi serves as an IP consultant helping clients across various high-tech and med-tech sectors including; telecoms, network security, consumer electronics, and software systems to generate value from their IP assets. Skilled in patent analytics as well as commercial assessment, she has developed successful licensing and sale strategies. Her IP commercialization work includes assessment of IP and technologies, identification of applicable markets, preparing collateral such as marketing materials, value propositions, claims charts, and developing financial and valuation models to support negotiations.
C-suites and boards of operating companies around the world have recognized that patents can be a revenue generator rather than just a cost center. Increased competition and rising costs have led companies to the conclusion that they need to diversify their revenue streams and for many operating technology companies, patents have proven to be, ...
Patents are vital to businesses that create proprietary new technologies to make better products for more sales and profits. Rocket science is not required. Simple improvements may be patentable and profitable. See 4 W’s of Patent.
Your trademark might not be among the world’s most valuable marks , but it is one of the most valuable assets of your successful company. I love niche businesses with specialized products and markets. Your trademark attracts investment. It generates sales and profits. It adds to your bottom line.
A patent lawyer, also known as an intellectual property lawyer, represents people who wish to get a patent and be assigned a number of exclusive rights as an inventor. Patent lawyers: Prosecute and write patent applications. Advise and deal with infringement on patents and patent applications.
To become a patent lawyer, you must complete the following: 1 The first thing to do when becoming a patent lawyer is earning your bachelor's degree in a field of science that has been accepted by the U.S. Patent and Trademark Office (USPTO). 2 To prove technical skills, candidates must submit a B.Sc. of chemistry, engineering, biology, or a related area. 3 After earning a bachelor's degree, the next step is to become an actual patent lawyer before completing a Juris Doctor (J.D.) program for an accredited law and graduation license. 4 You must complete the application described by the USPTO. 5 Once the application is approved and the patent lawyer passes the exam, they become a registered patent lawyer. 6 Those who have the necessary professional qualifications and pass the exam, but do not obtain a diploma, can still work in the same capacity as patent lawyers.
Patent attorneys earn between about $212,735 and $291,628 annually according to June 2020 data from Salary.com. The median annual salary for this type of lawyer is $253,324. The variance is based on experience, specialty, physical location, and other factors.
Most patent lawyers work a regular 9 a.m. to 5 p.m. Monday through Friday schedule, but overtime hours may be required .
Patent lawyers are certainly not plentiful. In fact, companies that choose to serve small businesses and individuals do not always offer the best service. Patent law firms often give them a junior patent lawyer with insufficient experience.
Providing patent brokering and patent licensing services to patent owners for years altogether, IPIG is an expert in patent monetization. Each of the aforementioned services is provided to sellers on a contingency basis, with no upfront costs.
A USPTO Initiative, the Electronic Gazette lists patents available for sale or license, along with contact information of the inventor/assignee. Though the official gazette is published every Tuesday, the version containing the aforementioned list is published on a monthly basis, that is on the second Tuesday of every month.
IPwe. Founded in 2017, IPwe is a patent transaction platform that leverages the power of AI and Hyperledger, IBM’s Blockchain network. IPwe, at its heart, is an automated transaction platform, perfectly safe and secure for patent analysis, transactions, and other related services.
Launched in 2007, IP Marketplace is managed by the Danish Patent and Trademark Office. A recent, modernized version of the website was relaunched in 2017. The site serves as a marketplace that allows listing of patents, patent applications, designs, utility models, and trademarks.
PCT XS Inc, a Canadian company, manages the PCT XS marketplace, which allows both buyers and sellers the option to license/sell/ask prices, for unexpired International Patent Application rights in countries around the world.
The defensive aggregation company, which shares a business model similar to AST was found a year after the former with the intent to reduce the risk of NPE patent assertion and litigation.
Like other marketplaces, Inpama.com is a global marketplace that allows both buyers and sellers to avail the service for free, post registration. Inpama offers inventors a guide, aka few tips, which could help sell their patented inventions faster.
Back in 1889, in the case of Peters v. Active Manufacturing Company, the Supreme Court offered a simple and elegant test for whether an earlier patent invalidates a later one.
Back in the 1990s, computer programmers recognized that there was a serious issue with old computer code used in banks, airports, military applications, business operations, and innumerable other environments: dates had been rendered in 2 or 3 digits (85 instead of 1985, 999 instead of 1999) in order to save program space.
However, if there are multiple structures involved in an invention, and one of those structures is found in prior art, then the entire invention is considered to have been anticipated (and thus unpatentable).
Coke’s inventor, John Pemberton —a Confederate veteran of the Civil War who himself suffered from a morphine addiction—first invented a sweet, alcoholic drink infused with coca leaves for an extra kick. He called it Pemberton’s French Wine Coca.
Let's start with the basics: In the first half of the 20th century, Lysol was advertised as a "vaginal douche. ". At the time, birth control methods like condoms and diaphragms were expensive and difficult to come by. So the Lysol ads hinted at an additional benefit for their feminine hygiene product: contraception.
Listerine. Listerine was invented 135 years ago, first as a surgical antiseptic, but also as a cure for gonorrhea (don’t try that at home). An article from 1888 recommends Listerine "for sweaty feet, and soft corns, developing between the toes.".
Play-Doh, that strange, brightly colored, salty clay that all of us grew up molding and poking (and, occasionally, nibbling), was first invented in the 1930s by a soap manufacturer named Cleo McVickers, who thought he’d hit upon a fantastic wallpaper cleaner.
Propecia, that ubiquitous drug used to treat male-pattern baldness, was originally marketed as Proscar, a drug to treat the benign enlargement of the prostate. After five years on the market in the 1990s, it became clear that one of the side effects of Proscar was—you can practically see the money signs flashing in the pharmaceutical marketers’ eyes—hair growth on bald men. Cha-ching!
Viagra, or Sildenafil, as it's officially known, was originally conceived as a treatment for hypertension, angina, and other symptoms of heart disease. But Phase I clinical trials revealed that while the drug wasn’t great at treating what it was supposed to treat, male test subjects were experiencing a rather unexpected side effect: erections. A few years later, in 1998, the drug took U.S. markets by storm as a treatment for penile dysfunction and became an overnight success. It now rakes in an estimated $1.9 billion a year.
During World War I, Kimberly-Clark produced wadding for surgical dressing made out of a relatively new material called Cellucotton. It worked just fine for treating battle wounds, but the Red Cross nurses found that the super absorbent material also had personal hygiene benefits. After the war, the market for surgical wadding dropped off, but the company found a new market for "sanitary napkins." The new product was given the name Kotex, short for "cotton texture," and was openly advertised as a re-purposing of the war material.