Publisher's Synopsis
This book is going to present to you a very different take on patenting ideas. In fact, you're going to hear something pretty much NO patent attorney with their own law firm will ever tell you.
The goal of this book is simple.
To give you the information to determine if your idea - the idea that will most likely cost $10,000 or more to patent - is worth investing in.
Because, ultimately, if you spend $10,000 or more on a patent...you want to make that money back (and then some), right?
You want that $10,000 to turn into $20,000...$100,000 ...$1 million or more.
Well, I'm here to tell you, that doesn't always happen.
This book will explain why.
And will give you a few simple, straightforward tactics for turning a profit on your idea inside of the first 30 days.
Now, I have to warn you. This is much different than what you'll usually hear about patents and the process of protecting your ideas.
The reason why I say this is because the content is based off an interview with someone I call a "patent gatekeeper."
She is a patent agent and holds her doctorate in chemistry from one of the top 3 universities in the world - the University of California in Berkley. And she's drafted patents for Eli Lilly, a global pharmaceutical company with sales of $23 billion in 2013.
Today, she works for one of the biggest colleges in the country, in their technology development department. There, she reviews all of the ideas the university faculty produces. And she decides whether or not these ideas will or will not receive university money for patent protection.
That means, she literally looks at hundreds of ideas every year, from a wide variety of different angles...and determines whether or not they are worth it for the university to pursue.
And, she has to decide if it makes FINANCIAL SENSE for the university to invest in patenting ideas the university faculty produce. She has to decide if there is...
-A commercial application for the idea. If they patent it, can the faculty start a business and sell aspects of the idea (of which the university takes a percentage)? -A licensing aspect of the idea. Is this something the university can license out for a profit? -A necessary protection aspect so the faculty can continue research. Remember, much university research is supplied by government grants or private funding. Sometimes a patent is necessary so the faculty can continue research (and continue receiving money from outside sources). In essence, she has to decide if the patent is financially viable!
And so should you, before you hand over tens of thousands of dollars to patent attorney.
Which is why I think you'll find the information in this book so valuable.
Here's what's inside:
The single most profitable type of technology that big universities LOVE to protect (and why this is much different than what most individual inventors look to patent)
How to tell if you are getting screwed by your patent attorney
When pursuing your idea actually breaks the law How to do a free patent search online
How to connect with local entrepreneurs and investors using your local university
3 things you should bring to your first meeting with a patent attorney (this will save time and keep costs down in the long run)
How inventors lose patent protection even after the patent is issued
Hidden patent fees! How some patent attorneys hide the true cost of your patent application (and how this could easily TRIPLE the cost of your patent)
How to multiple the value of your invention 10 times or more
Ready to give up because your idea is already patented? Why this could make you even MORE money
When you SHOULDN'T do a patent search
Plus much more
