TRIAGENICS, INC. (Eugene, OR)
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What is a patent?
Patents are granted by the government to safeguard an invention. The patent grants the inventor the sole right to develop, utilize and sell the idea. Society is benefited when new technology is introduced to the market. The benefits can be realized directly as individuals are able to accomplish previously unattainable feats, or indirectly through the opportunities that innovation provides (business growth, employment).
Many pharmaceutical companies and researchers at universities seek patent protection for their research and developments. Patents can be granted to the creation of a product, process or method of creating new materials. Patent protection is granted to an invention that is useful unique, innovative, and not yet known by other people in the same area.
Patents reward inventors who have commercially successful inventions. They serve as a motivator for inventors to create. Patents allow small and emerging businesses and inventors to be confident that there’s an excellent chance that they will receive a return for their efforts, time and investment in the development of technology. They could earn a decent income through their work.
Patents are a crucial part of firms and can be used to:
Protect the latest products and services;
Enhance the value, appearance, and visibility of your products on the market
Differentiate yourself and your products from the competition.
Get business and technical details.
Avoid the risk of using proprietary third-party content, or losing your important information, creative outputs, or another creative output.
Patents transform inventors’ information into a tradeable asset that opens up new possibilities to create jobs and boost business growth through joint ventures or licensing.
Investors involved in the development and commercialization of technology will find small-scale businesses that have patent protection more appealing.
Patenting can generate fresh ideas and innovative inventions. This information could be eligible for protection under patents.
Patents can serve as an obstacle to unscrupulous third parties who profit from the efforts of an invention.
Patent-protected technology revenues that are commercially viable can be used for financing technological research and development (R&D), which can increase the chance for better technology in the future.
Intellectual ownership of property can be used to convince investors and lenders that there are genuine opportunities to market your product. A powerful patent can open the door for numerous financing options. Patents and other IP assets are able to be used as collateral or as security for financing debt. You may also present investors with your patent assets to increase company valuation. Forbes and others have stated that every patent can boost company valuation by anywhere from $500,000 to $1 Million.
A properly-designed business plan is crucial for startups. It must be founded on IP and explain how your product/service stands out. In addition, investors will be impressed if you can show that your IP rights are secure or on the verge of becoming secure and that they align with your business plan.
It is crucial to keep your invention secret until you file to protect it with patents. Making an invention public prior to filing can typically degrade the novelty of an invention and render it unpatentable. Therefore, pre-filing disclosures (e.g. for testing marketing investors, test-marketing, or any other business partners) should only be made following the signing of a confidentiality agreement.
There are several types of patents. Understanding the different types is crucial to protect your invention. Patents for utility are used to protect inventions and processes that are new. Design patents cover ornamental designs. Utility patents are the most effective and protect the owner against copies and competitors. They are typically granted to enhance or modify existing inventions. Utility patents also cover enhancements and modifications in existing inventions. For instance, a process patent covers acts or methods of doing a specific act, whereas chemical compositions will comprise an assortment of ingredients.
How long does a patent last? Although utility patents are valid up to 20 years from their initial filing, they may be extended through delays at the Patent Office.
Are you interested in patenting your ideas? Patents are granted only to applicants who are the first to file, so you must file quickly. Call PatentPC today to file your patent application approved!
A patent search is essential when you are preparing an application for patent. This will enable you to look at other concepts and provide insights into their work. It will help you narrow down the scope of your idea. Furthermore, you’ll discover the latest technological advancements in your field of invention. This will allow you to know the extent of your invention and prepare you for filing the patent application.
How to Search for Patents
The first step to obtain the patent you want is to perform an internet search for patents. You can do a google patent search or do a USPTO search. Patent-pending is the term for the product protected by the patent application. You can search for the public pair to locate the patent application. When the patent office has endorsed the patent application, you will be able to perform a patent search to find the issued patent and your product will now be patented. You can also use the USPTO search engine. Read on for more details. For assistance, consult an attorney for patents. Patents granted in the United States are granted by the US trademark and patent office, or the United States patent office. This office also reviews trademark applications.
Are you interested in similar patents? Here are the steps:
1. Think of terms that describe your invention according to its function or composition.
Write down a succinct detailed description of your invention. Do not use generic terms such as “device,” “process,” and “system.” Look for synonyms to the terms you initially chose. Then, note important technical terms, as well as key words.
To help you identify keywords and concepts, use the questions below.
- What is the objective of the invention? Is it a utilitarian device or an ornamental design?
- Is the invention a way of making something or carrying out a function? Is it a product or process?
- What is the composition of the invention? What is the physical composition of the invention?
- What is the goal of the invention
- What are the technical words and terms that describe the essence of an invention? To assist you in finding the appropriate terms, use a technical dictionary.
2. These terms let you search for relevant Cooperative Patent Classifications on the Classification Search Tool. If you’re unable to locate the correct classification to describe your invention through the classification’s Schemas of classes (class schedules) and then try again. Think about substituting the words you’re using for describing your invention, if you do not receive any results from the Classification Text Search with synonyms like the ones you used in Step 1.
3. Check 3. Check the CPC Classification Definition to confirm the validity of the CPC classification you’ve found. The hyperlink to the CPC classification definition is available when the classification you have selected is a blue square with a “D” to the left. CPC classification definitions can help you determine the applicable classification’s specifics so that you can pick the one that is the most relevant. Additionally they can provide search tips and other suggestions that may be useful to conduct further research.
4. The Patents Full-Text Database and the Image Database allow you to retrieve patent documents that include the CPC classification. By focusing your search on abstracts and illustrations, you can narrow down your search to the relevant patent documents.
5. Take advantage of this list of most relevant patent publications to study each in detail for similarity to your invention. Pay close attention to the specifications and claims. Refer to the applicant and patent examiner to obtain additional patents.
6. Search for patent applications that have been published using the CPC classification you picked in Step 3 from the Applications Full-Text and Image Database. You may also employ the same search strategy that you utilized in step 4 to limit your search results to just the most relevant patent applications by looking over the abstracts and representative drawings for every page. After that, take a close look at the patent applications published with particular attention paid to the claims as well as additional drawings.
7. Find additional US patents by keyword search in AppFT or PatFT databases, classification searching of non-U.S. patents per below, and searching non-patent publications of inventions with web search engines. 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.