Posts Tagged ‘Patent Enforcement’
What Is Patent Infringement?
Patent infringement is when someone else uses your patented idea without permission. The strict, legal definition is when someone infringes or performs every limitation of at least one patent claim. This is found in 35 USC 271. Many inventors and entrepreneurs believe that having a patent means they are “protected.” Having a patent just means…Read More
How Much Does A Patent Cost?
Updated 5 Feb 2023 The average cost of a utility patent in the US is over $50,000. This is just the cost to file a utility patent application and the patent examination process. It does not cover the cost of enforcing your patent, which can be in the millions. All patent owners should have patent…Read More
Hacking the business plan for startup funding
Want to start your own side-hustle business? Thinking about launching a new product line in your corporation? Both projects have the same steps. Get a basic business plan together Years ago, it was popular to have 30 page business plans that spelled out endless detail. Today’s thinking is to use “Lean Methodology” to start working…Read More
Patents in a Business Context
Why patents as a “lottery ticket” is a losing proposition. A business owner makes hard business decisions, especially when it comes to IP. There is only so much money and so much time, so how do you decide? Patents represent enormous potential value, and they feel like a lottery ticket. The risk to reward –…Read More
Startup Funding: Apply for BlueIron Non-Dilutive Funding
BlueIron provides non-dilutive startup funding. BlueIron provides $60K or more non-dilutive startup funding for companies with great inventions. Our model is to invest in the full cost of getting patents for a company, including international (PCT) filing and expediting the patent through the United States Patent and Trademark Office. We fund companies *before* angel or…Read More
The Patent System is Broken – but not in the way you think it is.
The patent system has some weird quirks that makes it feel broken. In truth, you do not want to know how the sausage gets made at the Patent Office, and patent laws are all weirdly nuanced with few bright lines. That is just the way it is. The real problem is the patent applicants, not…Read More
Patents and Psychology – The Fear of Loss and the Lottery Ticket
The Fear of Loss A patent brings out weird psychology of entrepreneurs and investors alike. They are their own worst enemy. By the way, this is one of the reasons why the patent system is broken, but not the way you think it is. Note: this is an excerpt from my forthcoming book “Startup IP…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
So You Have A Patent? Now What?
For many entrepreneurs, life goes on. The nasty secret is that now that they have this new asset, they don’t know what to do with it. They spent a lot of money, time, and energy getting the patent, but struggle with the value of it.Read More
Patent Enforcement Insurance Makes Your Company Valuable
Why should I get a patent? I don’t have enough money to enforce it. Many startup companies don’t bother with patents because they don’t think they can enforce them. And they are right. A patent lawsuit can be very expensive, and the game of enforcement is really a big game of chicken: both sides are…Read More