Did you know it is possible to decrease your prior art search / patent search time from ~8-10 hours down to #nanoseconds? We ran the customer's subject features through AMPHIBIAN A.I. for the search, and it did nanoseconds of computation to output very relevant references, which we then had the customer record on the patent application's IDS.
Guess what happened? Based on our Quad-AI's centrally related results that we recorded in the IDS for the Examiner, the customer received a First Action Allowance less than 4 months later from the USPTO! If this is not a record, it sure is close to it.
It's time to use AMPHIBIAN A.I. in the very early patent drafting phase in order to save yourself and your client time and money. Avoid prolonged patent prosecution cycles which often you get stuck in due to missing important references from the beginning (a problem AMPHIBIAN A.I. solves in nanoseconds), and if you do the prior art search correctly in the beginning, the faster you can move on to the next case. This equals more a happier client, and greater productivity for your firm. Also, prior art search has generally been a loss leader for law firms... lawyers don't get paid back the time they put into prior art searching. Now that we've decreased it to nanoseconds, you get that time back and your loss-leader is no longer a loss-leader but has many ways to make your business more competitive. It's a no-brainer- join the AMPHIBIAN A.I. pilot project and see for yourself how it will improve your business and make your clients happy.
Learn more about our Patentability/Novelty search test results.
1. MAJOR SUCCESS WITH PATENTABILITY/NOVELTY SEARCH FOR PATENT PROSECUTION USING AMPHIBIAN A.I. FOR PRIOR ART SEARCH- We finally are starting to collect evidence that our concept of AMPHIBIAN A.I. is very effective at quickly finding the right prior art. Check out this case study: a filed patent application received a First Action Allowance from USPTO in less than 4 months, thanks to a great prior art search by our product AMPHIBIAN A.I., which it performed in nanoseconds. A traditional searcher would have spend 6-10 hours and may not have come up with all the great art that AMPHIBIAN A.I. uncovered. AMPHIBIAN A.I. helped the examiner by providing the most relevant art in the IDS, giving the Examiner more time to study the inventions.
2. Now, we are interested in an IPR test pilot. We intend to run an IPR case through AMPHIBIAN A.I. to determine how efficiently it can build a case for invalidating a patent. “The key to a successful IPR petition lies in good prior art which results from an early and significant investment in thorough prior art searching.”
We received a First Action Allowance from USPTO for Fatehi's patent application less than 4 months after first filing the patent application. AMPHIBIAN A.I. was used to perform the prior art search and identify whitespace. The examiner considered the references and agreed that the invention was patentable over prior art. We want to share our system with you so you can be more efficient in your prosecution and not waste time with new prior art popping up and setting back your cases.
We are starting to receive pilot study results for our AMPHIBIAN A.I. pilot program
At a minimum, in many instances, foreign filing that runs afoul of a country’s rules may vitiate any opportunity to obtain a patent for the given invention in that country.” Read on at IPWatchdog
Read about prior art search firms CPA Global and Mogambo Solutions jeopardizing the intellectual property rights of their customers by secretly send disclosures to overseas searchers in order to benefit from arbitrage.
At Fintech IP, we are developing valuable patent portfolios. Dropping applications at various jurisdictions' patent offices. So many different rules and procedures to follow, many nuances and of course, the different languages is a pain in the rear. No matter; we're doing what it takes to have the end result of valuable IP portfolios.
But is all of this really necessary? Do I really have to follow a different procedure to claim my (/our) inventions in USA, China, JPO, Australia and Brazil, etc., for example? Why wouldn't there be a Universal Patent Office? WIPO wasn't the solution; although, WIPO significantly decreased the burden of filing directly in different patent Offices, it is only a dispatch system for PCT Applications to get to endpoint patent Offices around the world. It is not an endpoint registry itself.
In contrast, IPwe can be utilized as a standalone endpoint registry plus it includes the added feature of being a marketplace. So with this system we have an universal patent office (with no examiners) but at least it contains a record of inventions. Not perfect, but we are getting to a point that filing patents in various jurisdictions will start to become more streamlined and I think IPWe can play a part in this process of simplification. I foresee a good future for IPWe, and I hope that it might even partner with WIPO at some point in the future.
IPwe leverages the power of artificial intelligence, data mining, and predictive analytics to unlock global patent value – they’ve created entirely new ways of interacting and transacting with patents.
Fintech IP is on an inevitable course to expand. As I look back on my years of work since having the title of US Patent Examiner, I realize that my dedication to the customer was my singular focus. I just assumed that every Patent Search employer [private sector] recognized this drive within me, and would care for me as more than a tool. After 15 years, I'm now in the position of "employer". I'm saddened when I look back, as I realize that the culture of hiring former US Patent Examiners is very much one of high churn and exploitation.
Fintech IP was not my primary business goal and started as a side-project; but the demand for high quality patent searches clearly exists in our competitive and innovative tech climate. So I'll keep delivering awesome IP analyses to customers that come this way; and we will expand, and recruit great talent. However, the only way I can see myself continuing this business is with a profit-sharing plan. Every employee shall be valued like an owner.
I really miss my former colleagues, the same former US Patent Examiners who were recruited by private Patent Search companies initiated out of corporate greed, run by CEO's with no technical background nor knowledge of patent law [there is one Pasadena-based exception that I admire and am partially modeling this plan after]. Many of those former US Patent Examiners were lulled into a sense of safety (a promise to continue their careers), then tricked, exploited and subsequently blocked from promotion (by design of the corporate and financial strategy). I could go on about this but I won't. Instead, I'm spending my days with positive energy, networking at VC meetings and strategizing with partners.
The point is, it is an exciting time... there is tons of interest in Fintech IP (which was just a hobby project) and expansion is inevitable. It's only fun for me to continue Fintech IP as long as it is aligned with my values... I want to welcome diversity, equality and fairness into this company.
We are currently looking for our third and fourth hires. Anyone from CPA Global is welcome to apply. Of interest are sales managers and searchers. Clarivate has a good sales team and we are keen to interview them as well. Cardinal, welcome. You will see what a premeir Patent Search company Fintech IP is destined to become in this business model. Each recruit will be a golden goose because he/she is not being underpaid and no big CEO is taking cuts of his hard work. The searcher will be motivated to do his best work. This is how companies should be. We need to take care of the great people who served for our government.. not let them loose into the world to be exploited by those who have keen business sense and want to prey on the Examiners.
Note: At some point I do plan on leaving this company to pursue my main interest in Fatehi Technology Company's multi-patent-pending Earthquake damage mitigation product which is moving along nicely. My time as Fintech IP's CEO will be short and the reigns will be handed over to employees after this spaceship takes orbit!
The IRS prints an excellent brochure on how to start a profit-sharing model in a small business. Click below to grab a copy.
There are two main arms of patent searching: search skills and technical knowledge. A quality search requires the expertise each of these areas. Often it is impossible for the innovator to complement his technical expertise with sufficient search skills. Thus, the innovator is required to hire an outside organization to help with the search.
Lack of foresight in the process of filing for protection of your intellectual property can be costly. One should be sure to embark upon the process with careful attention to details from the first step, the patent search. Patents are high stakes, high value, and high liability. Thus careful consideration is recommended when delegating the individual patenting tasks.
When starting a technology-based venture, or trying to protect your invention, the wisest approach is to hire a professional searcher or search firm to perform a quality patent search. A good patent search can determine whether the invention is novel, or whether it infringes upon any existing inventions. It can help the inventor or assignee avoid potential lawsuits; it may even provide information regarding competitors and the current state of the art.
A common mistake is for a technology-based venture to attempt its own patent searching or to hire a patent law firm for the searching process. Both methods (internal search, outsourcing to a law firm) are very risky. A less than adequate search can result in your patent becoming essentially worthless, or worse yet, a liability.
It is a common misconception that hiring a law firm for a patent search is safe. It is not. Law firms specialize in prosecution, not searching and thus, are relatively weak at searching. Further, their hourly rates are too high. Why pay top dollar to a law firm that is less experienced than professional search firms? The appropriate route for a venture to start the patenting process is to delegate the patent-related tasks to respective experts in the field: Patent searching should be delegated to patent search firms such as CPA Global (formerly Landon IP), and patent prosecution should be delegated to patent law firms.
Do not risk expending resources on a bad patent, which would deem your invention worthless and possibly put your business at risk for infringement lawsuits. Patents are high stakes, high value and high liability. Protect yourself! To perform a patent search, hire a professional search firm.