Patent Monetization Strategies for Small Businesses and Independent Inventors

Patent monetization is the generation of revenue by selling or licensing patents.  Patent applications can be expensive. Independent inventors and small businesses, such as startups, need to spend their money wisely. If small businesses decide to pursue patent applications, the ability to monetize those patents is extremely important. If a small business has a new and unique technology, the upside of investing in a patent can be enormous. There are ways to get a sense of how valuable a patent of the invention would be prior to paying for and submitting a patent application. Prior to submitting a utility application, it is important to acquire a professional patentability search and analysis. The results of the search allow the inventor to assess how crowded the art field is and how unique the invention is.  If the art field of invention is crowded and the ability to acquire a patent is dependent on narrow claims, the patent will likely not be very valuable and it may…

Read more detail on Recent Corporate Law Department posts –

This entry was posted in Corporate Law and tagged , , , , , , . Bookmark the permalink.

Leave a Reply