Startup Costs for Inventors in the United States

Startup Costs for Inventors in the United States

One of the challenges that goes hand in hand with developing a new prototype or invention is determining startup costs for your new business, including the value of your intellectual property.   This can be a tricky exercise especially in the early stages of ideation and attracting seed capital. You will ..Continue Reading

Insight: Patent Growth in The United States

Insight: Patent Growth in The United States

Are you curious as to what (and how many) patents are filed in the United States each year for categories such as Communications, Pharmaceuticals, Information Security, Medical, Dental, Software and more? Based on USPTO data we estimate that approximately 325979 patents were submitted in 2015 alone with the category Active ..Continue Reading

Inventors, Chew On This Edible Battery

Inventors, Chew On This Edible Battery

We recently wrote about Google skin implants that could one day assist in remotely diagnosing sweat and blood samples, a potential breakthrough technology in monitoring and treating diabetes. Recently scientists at Carnegie Mellon University confirmed that they have built a prototype battery out of melanin, a naturally occurring pigment found ..Continue Reading

For All My Audio-Inclined Inventors

For All My Audio-Inclined Inventors

While I have been hard at work completing my collection of inventor help videos, I know there are a large number of inventors who prefer to consume my content via audio or the spoken word. As such please find my latest audio playlist on Sound Cloud. If you have any ..Continue Reading

How One Inventor Lost Millions in Royalties & How You Could Avoid The Same Fate

How One Inventor Lost Millions in Royalties & How You Could Avoid The Same Fate

How One Inventor Lost Millions in Royalties & How You Can Avoid The Same Mistake from The Patent Professor® Also read more about Stan Weston and G.I Joe in the blog post entitled The Difference Between Earning “Lots” Vs. “Millions” of Dollars From Your Idea Ask a Question

Why Inventors Should (Sometimes) Fear Their Inventions

Why Inventors Should (Sometimes) Fear Their Inventions

Some of the most brilliant ideas in history can come back to bite their inventors, often fatally.  While a macabre subject, it does offer fascinating reading and cautionary tales for those inventors experimenting with more radical ideas. For instance, in the summer of 1973, Henry Smolinski attempted to pilot a ..Continue Reading

The Difference Between Earning “Lots” Vs. “Millions” of Dollars From Your Idea

The Difference Between Earning “Lots” Vs. “Millions” of Dollars From Your Idea

There will probably come a point in your life as inventor when your idea or patent gets picked up by a major retailer or industry player and they offer you a tantalizing choice: a small royalty on sales in perpetuity or a single, one time “complete buyout” payment to take ..Continue Reading

How to Make Money From your Invention

How to Make Money From your Invention

According to leading experts, the rise in patents represents a long-term shift in what Americans do, suggesting that R&D for non-manufacturing industries is growing at a faster pace than manufacturing industries.  Additionally, studies indicate that money spent on research and development is not rising as fast as the number of ..Continue Reading

Tough Questions Inventors Need to Ask Themselves

Tough Questions Inventors Need to Ask Themselves

No, you do not need a working prototype of your invention in order to successfully file for a patent with the USPTO. However, there are several probing questions an inventor needs to answer in order to cross the finish line.  These answer(s) will determine if you are far enough along ..Continue Reading

The Perfect Storm in Software Patents

The Perfect Storm in Software Patents

The complexity of patenting software is often exponentially higher than other tangible inventions in the mechanical or electrical realms. Software patents require careful, precise claims and descriptions, way above what one typically finds in general “widgets”. Inventors should also bear in mind that there are relatively few attorneys in the ..Continue Reading