Achieving meaningful revenue through licensing by startup entrepreneurs can be for all intents and purposes a “unicorn event:” much discussed, but rarely achieved. Notwithstanding this reality, a significant number of startup entrepreneurs who seek to engage me for IP Strategy and patent development consulting assert confidently that their necessity for a patent is based on a business strategy of licensing (or selling) their protected product or technology to an established company. This is not surprising because it is embedded in the DNA of much of society that “if you build a better mousetrap, the world will beat a path to your door.” Late night infomercials featuring famous people and entrepreneur “hero stories” in the press also bolster this conviction. It is certainly heartwarming and inspiring to believe that an "Average Josephine" can become rich solely on
Startup Patent Licensing: Beating the Long Odds
Google Changes the Game Again–This Time for Patent Owners and Those Who Serve Them
Patrick Anderson of the great Gametime IP blog reported the details of Google's new prior art searching tool*. This is such important news, I thought it important to repeat it in a separate post. Patrick provides detailed instructions for how to use the Google patent searching tool, and I will not repeat that information here. This post provides commentary on why I think this is a very good development for the patent world. Google's original announcement on its blog is here. It does not appear coincidental that Google is upgrading its patent searching capabilities: in this press release from June 2010 we are informed of the partnership between Google and the USPTO to increase the amount of US patent information available to the public. When used correctly, Google's tool can help "democratize" the patent analysis process
A Startup Company’s Experiences with Open Innovation-Part 2: Adventures of a Chief Frog Kisser