Posted by denglish on March 15, 2017 at 16:02:11 from (156.26.121.128):
In Reply to: O.T.---Patented posted by Jiles on March 15, 2017 at 12:19:49:
As was mentioned above, acquiring a patent is very expensive. I have experience with patents in the chemical industry and it is not unusual to pay over 60k and even then the patent may not be issued due to prior art. I once spent over 80k of investor's money on a patent that was never issued due to prior art (though I disagreed with the examiner's opinion and felt my invention was original). Also, having a patent does not guarantee freedom to operate, i.e. even though you got the patent another patent holder may sue you for infringement and could win.
Filing a provisional patent disclosure is relatively cheap and straightforward. This is a short-version disclosure to the patent office that puts your idea on record after which you have one year to file the non-provisional (I think that deadline can be extended, for additional lawyer fees, but not sure). After making a provisional disclosure you can then more-safely talk to potential investors. If you can find investors who believe the idea is worthwhile, they will pay the subsequent fees for the full patent. If you can't find interested investors, there is probably not any serious money to be made. At that point, you could try to manufacture the invention yourself, since it would be unlikely to draw significant competition, and you may make a good personal income running a cottage-industry level operation.
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