New Patent Registration Process: The Importance of Animated Visualization and a Visually Compelling Explainer Video
As long as this country has existed, inventors have relied on patent registration. In May of 2021, the United States registered its 11 millionth patent. And as technology advances, getting patents will become more critical.
Yet, the patent registration process can be formidable for startups. There are now so many types of products or intellectual properties that need a patent. The good news is that there are more ways for inventors to get help to register their inventions.
So if your venture capital group is looking to move forward with patents, keep reading. This blog article will help you learn more about the types of patents available and how to get them.
Benefits Of Patents
Getting new processes or inventions to market first is an enormous advantage. Inventors keep more control over their product’s price. Then with exclusive rights, companies can develop loyalty from customers.
Yet, legal control allows inventors to protect intellectual property. Inventors can choose to seek investment for startups. Or, with patents, they can help an established company increase its market presence.
Some companies exist to own patents. Every new patent on file raises the company’s valuation, and higher value in the company’s assets attracts more venture capital from investors.
Patent registration signals any early-stage capital raise that your idea has merit. Patents show your inventions will impact the industry. And ownership blocks the competition from using the process or product.
But to gain that competitive advantage, the patent registration process needs qualified help. Patent attorneys are only one of the essential factors in getting patents done right.
Methods For Patent Registration
As you can imagine, secrecy is essential to keep inventions from getting imitated. So it’s vital to discuss details of your inventions only in a tight circle. The first step is to file a formal application with the U.S. Patent Office.
Once completed, the application gives inventors one year to test their designs. The time also gives startups a chance to attract funding for the project. But it’s critical to note that filing in the U.S. Patent Office only protects investors in the domestic market.
After filing in the U.S., inventors can broaden their scope by applying for foreign patents. Two international bodies accept foreign applications. Yet, you can save extra upfront fees by registering in this order.
The success of the patent registration process depends on how it’s written. Patent attorneys are valuable allies in creating the best applications for patents. Sound legal advice can also help you decide if a patent is the best solution for your business.
“According to Dr. John Weatherspoon, PhD, JD, a registered U.S. patent attorney with about twenty years of experience, “I highly recommend that any inventor or company work with an experienced intellectual property (IP) attorney. As a patent attorney, I have represented literally hundreds and hundreds of companies and I advise companies on a daily basis on best practices for their IP protection. I have advised companies across all types of industries, for example, in the software industry, biomedical industry, the film industry, as well as the aerospace, semiconductor, medical device and pharmaceutical industries, to name just a few. Working with experienced IP counsel is essential for so many reasons, for building and protecting global patent portfolios with the broadest scope possible, analyzing the competitive landscape and maintaining a competitive advantage, conducting IP due diligence, and monetizing valuable IP assets.’ In addition to advising on patent protection, Dr. Weatherspoon also advises clients on all other types of IP protection including, for example, trade secret, copyright and trademark protection, and he is also frequently asked to speak at IP conferences in the U.S. and globally.” To learn more about Dr. John Weatherspoon and his experience as a registered U.S. patent attorney, please visit his LinkedIn page.
Companies must determine if a process warrants the patent registration process. The cost to apply and produce the necessary proof may not pay for itself in the long run. There is also the possibility of reverse engineering your design by the competition.
Competitors can solve the issue through other methods. The result may make your solution obsolete sooner than getting the patent, and other alternatives might save you time and expense.
There is a less costly method with the provisional patent process. You will get twelve months to file the entire application, but it does not meet all the requirements, so it is still prudent to seek a bit of legal advice.
Any type of product or intellectual property that needs a patent takes time. And with emerging technologies, patent offices are now stretched to new limits. Expect up to 24 months or longer before getting your patent approved.
Cost Of Patents
More than developing a product or process, getting patents can be expensive. It is not unusual to spend up to $25,000 for patent registration alone, and filing plus maintenance fees also add to the expense of obtaining patents.
Inventors now have new avenues to get the necessary capital they need. One option is crowdfunding, where inventors post ideas on a platform of investors.
Crowdfunding is an easy way to generate interest. Yet, due to the public nature of the platform, there are risks. Vital information about the process can get leaked to anyone who reads the proposal.
But patent attorneys with access to private venture capital might be a better option. Your inventions will remain confidential while you explore this funding alternative.
Augmented Reality/Virtual Reality Solutions
Another significant cost to new inventors is the product itself. Creating prototypes can be prohibitive before even getting to the patent registration stage. Yet today, some tools can mitigate the cost of production.
Many turn to 3D Modeling and 3D animation to present a product. Rather than create a prototype, inventors can get an explainer video made. With animated visualization, inventors show a working model in action.
3D Animation has come a long way since its beginnings with pencil drawings. Today’s 3D animations are more than a representation of the real world, and the technology is so advanced it appears as reality.
Augmented reality/virtual reality solutions help businesses grow. Descriptive words can only go so far putting an image in the readers’ minds. With 3D Modeling, the intent of a product or process is transparent.
Virtual demonstrations get added to the patent registration process with less cost. Inventors can have products interact in augmented reality. Or they can choose to present a concept with the tools of virtual reality.
With the help of experts in 3D animation, a concept comes to life. The explainer video showing the working process is integral to the application. The patent registration process is then complete without the expense of a prototype.
And the exact 3D Modeling can get used to attract funding from venture capital. The cost-effective approach to demonstrating the product this way adds legitimacy.
Stand Out From The Crowd
No matter the size of your business, patents can protect and create profit. And when the cost of creating a working prototype is too high, there are now other solutions. Animated visualization makes it possible for more inventors to get patents faster. At IMMIX Productions, Inc., we work seamlessly with #startups, #entrepreneurs, #inventors, and #ventures in the early development stage, where #3DModeling and Animated #Visualization of the product performance or process are necessary to benefit the #marketing effort, #prototype, #NewPatent registration, or #VC #PitchDeck.
Visit our site today to learn more about IMMIX Productions, Inc. and what 3D Animation can do for your patent registration.