Posts Tagged ‘Utility Patents’

Is Your Patent Examiner Awful? One of the Patent Myths

The Myth that the Patent Examiner does not understand your invention. One of the myths that is perpetuated by the patent bar is that the examiners somehow do not understand your invention. The truth is that the examination process is far better than most patent attorneys will admit, and that is part of why startups…

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Valuable patents solve contradictions

Amazon’s One-Click patent is the epitome of “non-obviousness” Inventions are not obvious – they have to solve some kind of contradiction.  This idea holds true for businesses.  Startups that can solve a contradiction in the market have a particular advantage – and so do patents. One of the most talked-about inventions 10 or 15 years…

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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…

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How to Find a Realistic Patent Value

A realistic patent value can be determined using many of the same techniques used to value businesses. However, it all depends on whether someone is actively copying your invention. Patent value is tricky Use standard business valuation techniques to value patents Pricing patents using Options Pricing techniques Special cases where patent value is huge What…

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My first invention

My first job out of college was at McDonnell Aircraft in St. Louis.  At the time, we made military fighter jets: the F-15, F-18, and Harrier AV-8B.  I was assigned to a little research group exploring different ways to use thermoplastic composites.  It was there that I had my first “invention.”  I wrote up a…

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Why Marketing Is More Important than Patents

Entrepreneurs have been fed this lie that the first thing they need to do is get a patent, then work on the business. This is a bad strategy. As an investor who finances IP for startups, I want some data to support the investment in patents. The best strategy is to do the marketing first,…

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USPTO Abandonment Rate Nearly Tripling Since COVID

Patents are being abandoned at historically high rates, pointing to a lack of confidence in the future. An updated analysis by BlueIron shows that the COVID crisis has markedly affected business’s IP strategy. A previous analysis done in March is here. The abandonment rate has shot up since COVID started, especially for Small Entities, which…

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Inventing and “Feeling It”

It is easy to think you were an inventor when you really were not. When I was an engineer at HP, I wrote up 3-4 invention disclosures before a meeting, where we were going to discuss a new product.  At the meeting, I pitched a couple of the ideas *I had already submitted* for patenting. …

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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…

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