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I have an Invention ... Now What?
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   Selling a Patent
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   Author  Topic: Selling a Patent  (Read 3507 times)
VG
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Posts: 3
Re: Selling a Patent
« Reply #10 on: Dec 20th, 2007, 11:39am »
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A couple of more specific questions / comments related to the same topics (not the used magazines - why would anyone buy those, I am just curious? Huh)
 
1. Obviously, you should be contacting companies in the filed of your invention, but those could be numerous, plus there are venture capitalists and trolls that might be interested in your patent portfolo - how should you go about marketing your invention to the broader market?  It seems that OceanTomo-like is an alternative, but it does not seem to be working.   Are there are special IP brokers?
 
2. Any advice on the objective valuation of the patents?  May be someone can point to web-sites, books, articles?
IP Logged
CriterionD
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Posts: 202
Re: Selling a Patent
« Reply #11 on: Dec 20th, 2007, 2:37pm »
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on Dec 20th, 2007, 11:39am, VG wrote:

 
1. Obviously, you should be contacting companies in the filed of your invention, but those could be numerous, plus there are venture capitalists and trolls that might be interested in your patent portfolo - how should you go about marketing your invention to the broader market?  

 
There's no one answer.  Just make an effort to get in touch with people that matter, and have a solid pitch that you can give (and back up).  Be prepared for opportunities that may arise and be willing to think creatively.
 
Quote:
2. Any advice on the objective valuation of the patents?  May be someone can point to web-sites, books, articles?

 
Yes.
 
Don't make the valuation process more complicated than it truly is, nor trust any valuation process that is too standardized.  Accurate patent valuation is affected by many variables.
 
I would say, simply do good research in order to evaluate the market potential for a product (and to locate potential competition), conduct or contract a good claims analysis to evaluate the strength of the patent in terms of protecting against any potential competition that you can envision, and analyze the findings to come up with a logical figure as to the total impact made by the patent.
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