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Three Prongs to Find Patentable Ideas that Support Your Business Plan
Sophisticated patent owners take a very proactive approach to managing their patent portfolios. Patents are assets with a 20 year lifespan. They will almost always outlast the products and services that were the inspiration for the inventions, but their usefulness may not actually be realized until many years after they are filed. Because of the…
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Due Diligence for Patents – Licensing Potential
In many cases, the licensing potential of an invention is the best way to see its complete value. When rating inventions for patenting, the licensing potential of an invention is a key component. In this analysis, we are interested in the maximum potential uses of the invention. Technologies that are transportable or applicable to different…
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Actor Analysis for Patent Infringement
Due Diligence for Patent[1]s – Actor Analysis[2] tells who is the likely infringer. Actor analysis is often overlooked when valuing inventions for patenting, or for valuing patent[3][4]s once they are issued. With actor analysis, we want to know who is the actual actor that infringes the invention. This analysis often identifies patents that you would…
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Calculating the Economic Value of a Patent
Due Diligence for Patent[1]s – The value of an invention is proportional to the ECONOMIC impact it has on a product or market. The economic value of an invention is notoriously hard to estimate, but such analysis can be used to compare different inventions to stack rank the inventions – or to highlight the advantages/disadvantages…
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Mapping an Invention to Competitor’s Products
Due Diligence for Patent[1]s – Comparing Inventions to Competitor’s Products. Inventions with external business value will map to competitors or to potential outside licensees. These patents might not map directly to your products, but are assets that make your company more attractive to acquisition, and give you leverage[2] in negotiating with a competitor. These assets…
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Mapping an Invention to an Internal Product Roadmap
Due Diligence for Patent[1]s – Comparing your invention to an internal product roadmap. Inventions with internal business value will map to your internal product roadmap. These patents are used to protect your products from direct copying and create a defensible space for you to operate. There are two main factors to consider for this analysis:…
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How to Finance Getting a Patent?
You can get financing for your patent through BlueIron before you raise money. Entrepreneurs are caught between a rock and a hard place: they need money to get proper patent protection, but they need patent protection to start raising money. What do you do? BlueIronIP finances getting your patent – while you are raising money.…
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Angel Funding Through BlueIron
BlueIron acts as an angel investor, co-investing in your company. The big difference: BlueIron does not dilute your shares. BlueIron invests, on average, $40,000 for each patent your company has. If you do 5 patents, BlueIron will invest about $200,000. If you have 10 patents, BlueIron invests about $400,000. BlueIron’s investment goes into assets that…
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What is the cost of a cheap patent?
What is the cost of a cheap patent? It turns out to be very expensive. Airplane wreckage on black sand beach, Iceland Some startup companies do not want to spend much money on patents, so they get the lowest cost provider for IP services. The result: a cheap patent. A cheap patent that might not…
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Patent Rejection – What it takes to get a patent issued
Your patent will typically be rejected by the examiner. Do not worry. The back-and-forth process between the examiner and applicant is a necessary part of getting a strong patent allowed. We want the examiner to fully understand the invention and do a competent job of searching. If the examiner does a poor job, your patent…