Ras Labs, Inc. (N/A)
What is a Patent for Highly precise, precise and controllable electroactive materials, and electroactive actuators that are capable of pronounced contraction or expansion
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What is a patent?
A patent is granted by the government to protect the invention. It grants the inventor the rights to develop, use and sell the idea. Society is benefited when new technology is introduced to market. The benefits can be in directly, in that it can allow people to do previously impossible things. Or indirectly by the economic benefits (business expansion and job creation) which the invention provides.
Many drug firms and researchers from universities are seeking patent protection for their work and research. Patents are granted for products, processes, or method of making new materials. In order to be granted protection under a patent the invention must be novel, useful, and not obvious to anyone else in the same subject.
Patents are a way to reward inventors for their commercially profitable inventions. They act as an incentive for inventors to come up with new ideas. Small businesses and inventors can be assured that they will get an income from their investment in technology development through patents. It means that they can earn a living from their work.
Companies that are able to:
Create and protect new products and services that are innovative;
Enhance the value, popularity, and appeal of your product on the market;
Differentiate your business and products from the rest;
Access technical and business knowledge and data;
Beware of the possibility of accidentally using third-party proprietary content, or losing valuable data, original outputs, or other creative output.
Patents convert knowledge of the inventor into a valuable asset that opens new avenues for job creation through joint ventures and licensing.
Investors involved in the commercialization and development of technology may find small-scale businesses that have patent protection more appealing.
Patenting can lead to innovations and new ideas. The information you create may be eligible for protection under patents.
Patents can be used as a deterrent to untrustworthy third parties profiting from the invention’s success.
Patent-protected technology that is commercially profitable can be used for financing technology research and development (R&D) which increases the chance of developing better technology in the future.
Intellectual property ownership is a way to convince lenders and investors that there are genuine chances to market your product. A single patent could open the door for many financing options. Patents and other IP assets are able to be utilized as collateral or security to finance debt. Investors are also able to view your patent assets in order to increase the value of your company. Forbes and others have noted that every patent can boost company valuation by anywhere from $500,000 to $1 million.
A solid business plan is crucial for startups. It should be based on IP and explain how your product/service is distinct. Investors will also be amazed if your IP rights are secured or in the process to becoming secure, and if they are in line with your business strategy.
It is important to keep an invention secret until you submit to protect it with patents. The public disclosure of an invention before it is filed can often destroy its novelty and make it ineligible for patent protection. The filing of disclosures prior to filing, for example, for investors, test marketing, or other business partners, is best done only after signing a confidentiality agreement.
There are many kinds of patents, and understanding them is essential to protecting your invention. Utility patents protect new methods and inventions made by machines. Design patents cover ornamental designs. Utility patents are the best as they protect the owner from copycats as well as other competitors. Patents for utility are usually issued to improve or alter existing inventions. Utility patents can also be used to improve or modify existing inventions. A process patent would cover the acts or methods of performing a specific act. A chemical composition could be the combination of ingredients.
What is the typical length of a patent? Utility patents last 20 years from the initial date of filing, however their expirations can be extended because of delays at the patent office such as.
Are you thinking of patenting your ideas? Patents are granted only to the first applicants to file so you must file quickly. Call PatentPC now to have your patent application submitted!
When you are writing your patent application, you should do a patent search, as it will provide you with some insight into other people’s thoughts. You’ll be able reduce the nature of your invention. Furthermore, you’ll be aware of the current state of technology in your field of invention. You’ll have a better idea of what your invention ought to be, and you’ll be better prepared for writing your patent application.
How to Search for Patents
The first step in getting your patent is to perform the patent search. You can do a google patent search or do a USPTO search. Once the patent application is filed, the product that is covered by the patent application could be described as patent-pending. you will be able to locate the patent application on public pair. Once the patent office approves the application, you are able to perform a patent search to find the issued patent, and your product has now been granted a patent. It is also possible to use the USPTO search engine. See below for details. Patent lawyers or a patent attorney can advise you on the process. Patents granted in the United States are granted by the US trademark and patent office as well as the United States patent office. This office also evaluates trademark applications.
Interested in finding more similar patents? Here are the steps you should follow:
1. Create a list of terms for your invention, based on its purpose or composition.
Begin by writing down a concise and precise description of your idea. Don’t use generic terms like “device”, “process” or “system”. Instead, think about synonyms for the terms you selected initially. Then, note important technical terms as well as keywords.
To help you identify terms and keywords, you can use the following questions.
- What’s the purpose of the invention? Is it a utilitarian device or an ornamental design?
- Is the invention a way of creating something or performing some function? Does it constitute an item?
- What is the purpose and composition of the invention? What is the physical structure of the invention?
- What’s the purpose of the invention
- What are technical words and terms that describe the essence of an invention? A technical dictionary will help you identify the correct terms.
2. These terms allow you to look up pertinent Cooperative Patent Classifications at Classification Search Tool. If you’re unable to locate the appropriate classification to describe your invention, look through the class Schemas (class schedules). Think about substituting the words that you’re using to describe your invention if you don’t receive any results from the Classification Text Search with synonyms such as the terms you used in the first step.
3. Check 3. Check the CPC Classification Definition for confirmation of the CPC classification you have found. The link to a CPC classification definition is available if the chosen classification title contains a blue box with “D” to its left. CPC classification definitions will help you determine the applicable classification’s scope , so you can select the one that is most appropriate. The definitions could also contain some search tips or other recommendations which could prove useful in further investigation.
4. Retrieve patent documents with the CPC classification from the Patents Full-Text and Image Database. By focusing on abstracts and drawings that are representative it is possible to narrow your search for the most relevant patent publications.
5. Use this selection of the most pertinent patent documents to examine each one in depth for any similarities to your own invention. Be sure to read the claims and specifications. You may find additional patents by consulting the patent examiner and the applicant.
6. Search for patent applications that have been published using the CPC classification you chose in Step 3 of the Applications Full-Text and Image Database. You may also employ the same search strategy that you used in step 4 to limit your search results to just the most relevant patents by reading the abstracts and representative drawings for every page. The next step is to review every patent application that has been published with care with particular attention paid to the claims and other drawings.
7. Locate other US patent publications by keyword searches in PatFT and AppFT databases, classification searching of non-U.S. patents as per below, and searching non-patent literature disclosures of inventions using internet search engines. For instance:
- 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.