[kjie]

Hi Everyone,
I was jz wondering, can one make money through patent, like in the form of royalty? Any know specifically about this subject? Or anyone hav actually done this before? like patent something then sold it to multinational company?

Thank you

[nado]

I remember reading something about a priest who designed a new car component, patented it and now makes millions simply selling the rights to maufacturers to use his design.

So yes, you can make money from patents... though the big downfall is that you need money to secure the patent and you need a lot of money to defend the patent.

Edit: here's the guy (an Aussie)... http://www.ipaustralia.gov.au/patents/ex_bishop.shtml

...built a company that has taken out over 300 patents worldwide returning about $5 million a year in royalties

cheers
nathan

[NeeJam]

Originally Posted by kjie

Hi Everyone,
I was jz wondering, can one make money through patent, like in the form of royalty? Any know specifically about this subject? Or anyone hav actually done this before? like patent something then sold it to multinational company?

Thank you

You get royalty payments if someone uses your patent, if you are gonig to allow them to use it.

[Nigami Enterprise]

It would be very hard to make any decent money from it. Royalty payment for an idea is usually only 1-3%, royalty payment for a product around 3-7%. It really depends on your product. The problem you will have is know company wants to spend thousands/millions on a piece of paper on an unknown product. Are you thinking about doing this just pm me when ever im in the first stages of getting a product developed at the moment.

[MsNadi]

One Word: Qualcomm.

Exactly. Securing the patent, and defining it in a way where people can't easily circumvent your terminology isn't cheap. And defending it isn't cheap.

And that's all assuming you have a patent people would want to copy - and that you've figured out the BEST WAY to do something.

[kjie]

Then how much it is if u mean "isn't cheap"? Thousand? Then izit worth if we can get royalties from giant company like microsoft?

[kjie]

It would be very hard to make any decent money from it. Royalty payment for an idea is usually only 1-3%, royalty payment for a product around 3-7%. It really depends on your product. The problem you will have is know company wants to spend thousands/millions on a piece of paper on an unknown product. Are you thinking about doing this just pm me when ever im in the first stages of getting a product developed at the moment.

And what exactly do u mean those percentage anyway? izit like 1-3% of what the idea worth?

[Nigami Enterprise]

Originally Posted by kjie

And what exactly do u mean those percentage anyway? izit like 1-3% of what the idea worth?

Sorry i ment to say 1-3% of the profit made. Alot of inventors think that they can get a return of around 15% you got no chance. Probley only 1 in every 500 patents actually make any money so it's a big risk.

[MsNadi]

It depends on the idea. QUALCOMM collects royalties on every CDMA cellular device sold (cell phones, wi-fi cards, walkie talkies etc). So if you think about it - Verizon and Sprint sell ONLY CDMA devices. 1-3% on a 100 cell phone of over 68 million cell phones ain't bad, for doing NOTHING but claiming an idea.

Note: I'm not sure what Qualcomm's royalty structure is like.

So yea - it again depends on the idea and what it applies to.

[kjie]

Utility Patent
Utility patents may be granted to anyone who invents or discovers any new and useful process, machine, article of manufacture, or composition of matter, or any new and useful improvement thereof;

I actually hav an idea about a usage of certain devide that might change the how the world use computer (I do think it's a great idea but as a marketing student, i do understand that it's not about what i think, it's about what everyone think how rocks it is). And if it could really works like what i think it would, the company that would benefit the most would be Microsoft, as it would increase the usage of windows (depend on how the market accept it, if the market accept it, i would say it's a 100% increase)

The problem is, I hav little or no knowledge about the subject of patent. Second is that i might not hav enought fund to secure the patent (i'm currently a student), so me alone cant do this.

So anyone would like to make this works with me? With little risk(The worse is jz spending for patent) and high potential (microsoft do made high profit).

Anyone interested? i would share the profit in the form of high percentage, as long as the idea could works.