Posts Tagged ‘Patent Cost’

How Much Does A Patent Cost?

Updated 13 Feb 2021: The average cost of a patent in the US is over $50,000. The figures below come from the AIPLA bi-annual survey, last updated in 2019. Stage: USPTO Fees Patent Attorney Fees Pre-filing search – $1,500-4,000 Drafting and filing – biotechnology/chemistry $830 $11,400 Drafting and filing – electrical/computer $830 $10,923 Drafting and…

Read More

Data Driven Patents

Updated April 2021. The patent system requires that we look ahead and guess the future.  If we are right, there is a huge reward.  This process can be powerfully addictive, as it is the same psychology as lottery tickets. Patents are bets that the marketplace will adopt a technology.  The interesting characteristic is that the…

Read More

What Are The Costs To Enforce or Defend a Patent?

Two stages of litigation: claim construction and the trail. Post Grant Review (or Inter-Partes Review) Patent litigation can be very expensive, and the costs of litigation go up considerably with the amount of money at risk. Not to mention, just getting a patent can be very expensive. The risk of patent litigation can be handled…

Read More

Patents Are Call Options On Technology

The only way for your patent to be valuable is to bring a product to market. This post was published on Medium. You can read it here. This post is an excerpt from my upcoming book “Startup IP Strategy.” A call option is an option to purchase a stock at a defined price. It is…

Read More

Investment Grade Patents Do Not Have “Broad Claims”

Broad patents can hurt you. Inventors like to think that their patents are “broad” and somehow that is good.  It is not. The risks with broad patents are that they are more easily invalidated, but it is also a sales pitch that patent attorneys use to make more money. Narrow patents are bad, too. Narrow…

Read More

Financing Patents Is Actually CHEAPER Than Paying a Patent Attorney

Financing patents through BlueIron is actually cheaper than paying as you go with a conventional patent attorney. This is because the cost of capital for startup companies is so high. Pepperdine’s business school publishes the annual Private Capital Markets Report, which shows that the average cost of capital for Angel or VC funded companies in…

Read More

Should I Get A Patent Before Talking To Customers?

No. As an investor in patents, I am willing to wait for the Second Patent. BTW, if you need to tell someone your invention when you are doing customer discovery, you are doing it wrong. In my business of financing patents for startup companies, I am usually willing to pass on the First Patent for…

Read More

Should I File A Provisional Patent Application?

You should never file a provisional patent application. Ever. In every case, a small company or independent inventor is better off by filing a complete, well-written, non-provisional patent application. One of the biggest hoaxes in the patent community is that provisional patent applications are a good thing. They are not. (You can learn more at…

Read More

How Much Does It Cost To File A Patent?

How much does it cost to file a patent?  The US average is about $12k, but the total cost of a patent is closer to $60k. Have you been quoted much less? There are plenty of patent attorneys who quote much, much less than $12,000 to draft a patent application. But beware. One of the…

Read More