We invite you to sell us your patents. The
Patent Purchase Promotion is an experimental marketplace for patents that’s simple, easy to use, and fast.
Patent owners sell patents for numerous reasons (such as the need to raise money or changes in a company’s business direction). Unfortunately, the usual patent marketplace can sometimes be challenging, especially for smaller participants who sometimes end up working with
patent trolls. Then bad things happen, like
lawsuits,
lots of wasted effort, and
generally bad karma. Rarely does this provide
any meaningful benefit to the original patent owner.
So today we’re announcing the Patent Purchase Promotion as an experiment to remove friction from the patent market. From May 8, 2015 through May 22, 2015, we’ll open a streamlined portal for patent holders to tell Google about patents they’re willing to sell at a price they set. As soon as the portal closes, we’ll review all the submissions, and let the submitters know whether we’re interested in buying their patents by June 26, 2015. If we contact you about purchasing your patent, we’ll work through some additional diligence with you and look to close a transaction in short order. We anticipate everyone we transact with getting paid by late August.
By simplifying the process and having a concentrated submission window, we can focus our efforts into quickly evaluating patent assets and getting responses back to potential sellers quickly. Hopefully this will translate into better experiences for sellers, and remove the complications of working with entities such as patent trolls.
There’s some fine print that you absolutely want to make sure you fully understand before participating, and we encourage participants to speak with an attorney. More detailed information about the Patent Purchase Promotion is available on our
Patent Website, including all the fine print, the form to make a submission (which won’t go live until May 8), and details about what happens if Google agrees to buy your patent. Throughout this process, Google reserves the right to not transact for any reason.
We’re always looking at ways that can help improve the patent landscape and make the patent system work better for everyone. We ask everyone to remember that this program is an experiment (think of it like a
20 percent project for Google’s patent lawyers), but we hope that it proves useful and delivers great results to participants.
That's innovative; good idea.
ReplyDeleteWhat a great proposition to enable ideas people to convert the time, effort and money they put into compiling a Patent to "partner" with Google for the betterment of Earth!
ReplyDeleteWhat a great proposition to enable ideas people to convert the time, effort and money they put into compiling a Patent to "partner" with Google for the betterment of Earth!
ReplyDeleteGood Idea, another one by Google. ♠
ReplyDeletelets do this!
ReplyDeleteAwesome, I/We have copyrights/patents to the Dr. Einstein predicted "Unification Science Upgrades" (to the USP-like, FCC-like, FDA-like, FED. RES.-like, GOLD-STANDARD-DOLLAR-like, etc., etc., etc. New U. S. Grade), regardless of any/all "fine print", we'll offer you a Charter for $1,000,000 and guarantee to multiply your holdings' value, severalfold by turning your securities/stocks "PLATINUM STANDARD"....the upgrades, like Dr. Einstein's then-new-Avogadr's-Number-including H. S. Diploma, includes a new "U. S. Grade H.S. Diploma", the Worlds First/Only Scientific H. S. Diploma Course, Part A, being viewable/start able at www.PRLog.Org/10439874 and Part B includes the 1904-48 Relativity Upgrades that didn't make it into the then-new H. S. Diploma or since.....check it out and see how you like fiscally/physically. TAKING THE UNDISPUTED LEAD IN WORLDS BEST ON THE INTERNET....MAKING ALL THE REST "PROFITS YOU NOTHING", CHILD'S PLAY...RCCFM, Always(c); Dr. Eric Who's Who in America Physician and Law Professor. DrEricShow@Gmail.com
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteI have many new and genuine ideas (innovations in mind) but they are not patented as I don't have money for it. Will Google buy them if they are found to be new and genuine?
ReplyDeleteGreat!!!
DeleteMyself having some brilliant and innovative ideas and that needs to be patented; but not having money to patent for it. My ideas will transform the world of TRAVEL DOMAIN Industry and streamlined. Will google patent this for me?
Brilliant!
ReplyDeleteIf you are thinking to submit a patent you should try to first understand its value. You can use a patent search and valuation platform like www.amberscope.com to check out the relative value of your patent.
You simply enter your patent number and it will show you the immediate patent landscape around your patent and what yours is worth in comparison. It is a paid service but half of all results are un-obscured, so you might just be lucky. That said, one week access only sets you back $40.
Disclaimer - I am the CEO of Ambercite, builder of AmberScope.com.
All the best of luck with selling your patents! DS
Great idea, Google! It’s good to see efforts to increase transparency and accessibility in this process.
ReplyDeleteAt IP Nexus we share the same goals. This is one of the reasons we established our IP Marketplace, where IP owners can list their IP, free of charge, and connect with interested parties. We currently list over 70,000 IPs (of all types, not only patents), and are growing daily. Check us out at https://www.ipnexus.com/.
To moderator:
ReplyDeleteCould you please tell me (privatelywhat is inappropriate in my post and delete that part instead of ditching the whole thing?
Thanks in advance,
EGO +972586272388
Are you also interested in new technology ideas that haven't yet been patented?
ReplyDeleteWonderful idea for Google to make available for a limited time this concept. Feel the pulse! After all, this is how Google originally started from ideas turned into tangible assets with their popular name that became ubiquitous in technology and woven into our daily lives..... always ever present...
ReplyDeleteVery good!
ReplyDeleteI have a good patent for sale. I think if Google buys it, the patent will bring much benefit to the owner and the rest of the people.
Loved the Google 's Idea to protect innovation !
ReplyDeleteThanks & love
Digital Love
Patent-Pending applications are acceptable?
ReplyDeletePatent-Pending applications are acceptable?
ReplyDeletedavid c. smith I have 8 patents and have not sold one. I am a scientist not a business person and obviously need marketing help. Each patent cost a minimum of $10,000 plus maintenance fees. So that the starting point and then add value which I have trouble doing. I would like to retain a 10-20 % ownership and negotiate the price, rather than me setting a price. Is this possible ?
ReplyDeleteWe expect that all the patents filed will be a top secret from Google, if they don't accept the patent. And if they accept it, it's well and good.
ReplyDelete