History of Patent Syndication
Patent Syndication per se, is relatively new however it is usually for granted patents or patents with proven and reliable income streams. The participants are usually high wealth individuals, major corporations or those in the know.
For the rest, there are very limited options.
As a result and because of the personal experiences of the individuals associated with patentsyndication.com and the feedback from other inventors over the last 3 years, experiencing the pain of the setbacks and rejections from the patenting and monetizing processes, the new Patent Syndication concept was developed.
The new Patent Syndication concept opens up a fair and transparent way for all parties including inventors, patent owners and investors to participate in the patent syndication process which was designed to benefit everyone, from first time inventors to the big end of town.
The new Patent Syndication concept also solves the 3 basic problems that most inventors and patent owners face when trying to turn their idea into a commercial success.
These problems are;
1: Significant access to funding to patent their idea internationally.
2: Little or no marketing / licensing expertise to monetize their idea locally and / or internationally.
3: Lack of quality industry contacts to assist in the commercialization process locally and / or internationally.
How does the Patent Owner currently solve these problems?
* Significant access to funding – To solve this problem the patent owner must either fund the patenting cost themselves or seek funding from friends and family or an investor or joint venture partner.
* Little or no marketing / licensing expertise – To solve this problem the patent owner must either engage marketing / licensing professionals or develop their own marketing / licensing skills to a proficient level.
* Lack of industry contacts – To solve this problem the patent owner must continually network to develop the required contacts and relationships.
How will Patent Syndication solve these problems.
* Lack of funds – The Syndication Shareholders pool their money together and fund the patenting of the patent in the country of syndication/s.
* Lack of marketing / licensing expertise – The shareholders either personally market and license the patent or they engage marketing / licensing professionals to market and license the patent in the country of syndication.
* Lack of industry contacts – The shareholders pool their resources, networks and contacts to assist in the commercialization process.
Sounds impossible but its actually quite simple when you learn about it and how it works – Click to learn more.