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Writing Your Own Patent
Some inventors write their own patent applications. This can be a very valuable exercise because forcing yourself to put the invention down on paper can help you better understand the invention, as well as think through new versions of the invention.
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Three Prongs to Find Patentable Ideas that Support Your Business Plan
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.
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Due Diligence for Patents – Licensing Potential
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 industries, market verticals, or other uses are inventions that can have enormous economic value.
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Actor Analysis for Patent Infringement
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 not want to have – such as patents that only your customers would…
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Calculating the Economic Value of a Patent
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 of the invention.
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Mapping an Invention 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 can be critical in deflecting an infringement suit brought on…
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Mapping an 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.
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How to Finance Getting a Patent?
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?
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Angel Funding Through BlueIron
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.
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What is the cost of a cheap patent?
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