NEW INVENTIONS SUCCESS PATENT TYPE DR. MARK RAJAI MSE 303 1 California State University Northridge.

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Presentation transcript:

NEW INVENTIONS SUCCESS PATENT TYPE DR. MARK RAJAI MSE California State University Northridge

New Inventions Success California State University Northridge 2 Utility Patent Valuablepowerful high return on investment great leverage

New Inventions Success California State University Northridge 3 Utility Patent Powerful Protection Utility patents offer 20 year protection on inventions. They are the foundation that supports the innovation powerhouses in industries. Mega Return On Investment The return on investment for the patent protection is between 100x to 1000x.The development time MUST be spent regardless to keep the company ahead of competitors. Leverage To Operate The more patents you own, the stronger your influence in the industry, the easier it is to hire strong talent, the more likely you are to find that one-in-a-million idea that changes the industry forever.

New Inventions Success California State University Northridge 4 Design Patent What is a design patent? It is legal protection of a new shape and appearance of something. It has to be something where shape and appearance matter.

New Inventions Success California State University Northridge 5 How do I get a design patent on my new design? File an application with the United States Patent Office. There are thousands of pages of rules covering these applications, so get help.

New Inventions Success California State University Northridge 6 What is the patent cost for my design? If you are working with a reasonable attorney, a patent application on your design should cost anywhere from $1,500 - $4,500 depending on the design and the attorney.

New Inventions Success California State University Northridge 7 Reference Definition.html Definition.html