Samsung Electro-Mechanics Co., Ltd. (Suwon-si, KR) SEOUL NATIONAL UNIVERSITY R&BD FOUNDATION (Seoul, KR)
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What is a patent?
Patents are granted by the government to safeguard an invention. The patent grants the inventor the right to develop, utilize and market the idea. Society is benefited when new technology is introduced for sale. These benefits may be realized immediately as people are able to accomplish feats previously unattainable as well as indirectly through the economic opportunities which innovation can bring (business growth, jobs).
A lot of pharmaceutical companies and researchers at universities seek patent protection to protect their research and development. A patent can cover an abstract or physical product or process, or even the method or composition of material new to the area. Patent protection is granted to any invention that is valuable unique, innovative, and not already known by others in the same area.
Patents give inventors a chance to be recognized for commercially viable inventions. They provide a reason for inventors to create. Small businesses and inventors can be sure that they will earn the most return from their investment in technology development through patents. They can earn money by their work.
Companies with the capacity to:
Secure your products and services
Increase the visibility and value of your products on market
Make your brand stand out from others.
Get business and technical details.
Avoid accidentally using third-party content or you risk losing important information as well as creative outputs and other outputs.
Patents transform the knowledge of inventors into an asset that can be sold, which creates new opportunities for employment creation through joint ventures and licensing.
Investors involved in the development and commercialization of technology may find small companies with patent protection appealing.
Patents can result in innovations and new ideas. This information can promote the development of new ideas and could qualify for patent protection.
Patents are a way to stop untrustworthy third parties from making money from the invention’s efforts.
Commercially successful patent-protected technology revenues can be used to fund technological research and development (R&D) and improve the chances of developing better technology in the coming years.
Intellectual property ownership is a way to convince investors and lenders that there are legitimate opportunities to market your product. Sometimes, one powerful patent could lead to multiple financing opportunities. Patents can be used along with other IP assets as collateral or security for financing. You may also present investors with your patent assets to boost company valuation. Forbes and others have pointed out that each patent can increase the value of a company by anything from $500,000 to $1 Million.
Startups require a well-thought-out business plan that leverages the IP to show your product or service is unique and innovative, superior, or superior. Investors will be impressed when you have IP rights are secured or are on the verge of being secure and if they are supportive of your business plan.
It is essential to protect the secret nature of an invention prior to filing for patent protection. The public disclosure of an invention can be detrimental to its novelty and invalidate it. Pre-filing disclosures, such as for investors, test-marketing or other business partners, must be done after signing a confidentiality contract.
There are many kinds of patents. Understanding them is crucial to protect your invention. Patents for utility are used to protect inventions and processes that are new. Design patents cover ornamental designs. Patents for utility are the most effective since they protect the owner from copycats as well as other competition. Most often, utility patents are issued for improvements or modifications to existing inventions. Utility patents can also be used to enhance or alter existing inventions. A process patent will cover the acts or methods of performing a specific act. However, a chemical composition will include the combination of components.
What’s the duration of a patent last? Utility patents last 20 years after the initial date of filing, however their expirations can be extended due to delays at the patent office such as.
Are you interested in the patenting of your idea? Patents are granted only to the first-to-file applicants so you must file quickly. Call PatentPC now to have your patent application approved!
When drafting a patent application it is recommended to conduct a patent search, as it will provide you with an insight into the other applicants’ ideas. You’ll be able reduce the nature of your invention. Additionally, you’ll be able to be aware of the current state of technology in your field of invention. You’ll have a better idea of what your idea should be, and you’ll be better prepared to write the patent application.
How to Search for Patents
A patent search is the initial step to getting your patent. You can do a google patent search or do a USPTO search. Once the patent application is filed, the product subject to the application may be called patent-pending, and you will be able to locate the patent application on public pair. Once the patent office has approved your application, you’ll be able to conduct an examination of the patent number to locate the patent that was issued. Your product now has the potential to be patent-able. You can also utilize the USPTO search engine. Read on for more details. For assistance, consult an attorney who specializes in patents. In the US patents are issued through the US patent and trademark office, or the United States patent and trademark office, which is also responsible for examining trademark applications.
Are you interested in finding other similar patents? These are the steps:
1. Create a list of terms for your invention, based on its purpose, composition, or use.
Begin by writing down a concise detailed description of your idea. Do not use generic terms such as “device,” “process,” and “system.” Think about synonyms for the terms you chose initially. Then, note crucial technical terms as well as key words.
To help you recognize keywords and concepts, use the following questions.
- What’s the purpose of the invention? Is it a utilitarian device or an ornamental design?
- Is the invention a method of creating something or a function? Is it a product?
- What is the nature and purpose of the invention? What is the invention’s physical structure?
- What’s the point of the invention
- What are the terms and phrases in the field of technology that describe the nature of an invention? A technical dictionary will help you identify the correct phrases.
2. These terms will enable you to find pertinent Cooperative Patent Classifications on the Classification Search Tool. To find the most appropriate classification for your invention, scan the class scheme of the classification (class schedules). Consider substituting the words you’re using to describe your invention if you do not receive any results from the Classification Text Search with synonyms such as the terms you used in step 1.
3. Go through 3. Go over the CPC Classification Definition to verify the validity of the CPC classification that you have located. If the selected classification title has a blue box with an “D” to its left, clicking on the link will lead you to the CPC classification’s description. CPC classification definitions can help determine the relevant classification’s scope, so you are certain to pick the most relevant. The definitions could also contain search tips or other suggestions that can be useful for further study.
4. Find patent documents that have the CPC classification from the Patents Full-Text and Image Database. You can review and select the relevant patent documents by first focusing on abstract and drawings representative of.
5. This collection of patent publication is the most appropriate to check for similarities with your invention. Pay close attention to the claims and specifications. Contact the applicant as well as the patent examiner for additional patents.
6. You can find patent applications published in the past that fit the CPC classification you chose in Step 3. You can apply the same strategy of searching as in Step 4. You can narrow your results down to the most relevant patent applications by examining the abstract as well as the drawings that appear on each page. After that, take a close look at the patent applications published, paying particular attention to the claims and the additional drawings.
7. You can find other US patent publications by keyword searches in AppFT or PatFT databases, and also the classification search of patents that are not issued in the United States as according to below. Additionally, you can utilize web search engines to find non-patent literature disclosures about inventions. Examples:
- Add keywords to your search. Keyword searches may turn up documents that are not well-categorized or have missed classifications during Step 2. For example, US patent examiners often supplement their classification searches with keyword searches. Think about the use of technical engineering terminology rather than everyday words.
- Search for foreign patents using the CPC classification. Then, re-run the search using international patent office search engines such as Espacenet, the European Patent Office’s worldwide patent publication database of over 130 million patent publications. Other national databases include:
- European Patent Office (EPO) provides esp@cenet to access a network of Europe’s patent databases with access to machine translation of European patents.
- Japan Patent Office (JPO) – with access to machine translations of Japanese patents.
- World Intellectual Property Organization (WIPO) offers PATENTSCOPE with a full-text search of published international patent applications and machine translations for some documents, as well as a list of international patent databases.
- Korean Intellectual Property Rights Information Service (KIPRIS)
- State Intellectual Property Office (SIPO) with machine translation of Chinese patents.
- Other International Intellectual Property Offices with online patent databases include Australia, Canada, Denmark, Finland, France, Germany, Great Britain, India, Israel, Netherlands, Norway, Sweden, Switzerland, and Taiwan.
- Search non-patent literature. Inventions can be made public in many non-patent publications. It is recommended that you search journals, books, websites, technical catalogs, conference proceedings, and other print and electronic publications.
To review your search, you can hire a registered patent attorney to assist. A preliminary search will help one better prepare to talk about their invention and other related inventions with a professional patent attorney. In addition, the attorney will not spend too much time or money on patenting basics.