Israeli entrepreneurs with ideas and inventions can apply for an Israeli registered patent, but registering patents in Israel for Israeli inventions does not always satisfy the inventor or entrepreneur. A product developed from a good idea can be successful worldwide in many cases. Compared to the whole world the Israeli market alone is limited, therefore inventors may desire to protect their Israeli invention both inside and outside Israel by applying for a patent abroad. Many Israelis apply for American patents or European patents. A patent has territorial protection, which means that each country can grant patents to protect inventions in their own country. This means that an Israeli inventor who is granted an Israeli patent, and has not been granted a patent from overseas cannot protect his invention in any other country with an Israeli patent. Therefore, he must apply for and receive a patent in any country in which he wishes his invention to be protected.
During the patent registration process, there are various stages. Within the stages of patent development, it is possible to enumerate the concept design stage, i.e. the principle of the invention, the engineering design stage, i.e. model planning and building, and the model creation stage. If there are enough details, it is worthwhile to file an application for the patent simultaneously. When filing, the patent application must contain enough technical details in accordance with patent law, therefore it is recommended to include a patent attorney and technical staff who can provide details about the product development from very early in the process.
Our company employs patent attorneys who can work with technical staff, and professionals from various fields from very early in the process. This enables the inventor to take more advantage of his invention, in the later stages of selling the patent, commercializing the patent. We also offer possible alternatives including a range of technical solutions which the patent attorney can protect, thereby expanding the scope of protection rights granted for the invention that is the subject of the patent.
Israeli inventions can be sold in Israel and in the world at large. Sometimes, the rights to the patent are sold for a one-time fee, and sometimes for royalties. Selling a patent for royalties means that the inventor receives a set percentage of all sales of the patented product. Sometimes the two options can be merged by selling the rights for a one-time fee in advance, with additional royalties. Sometimes the inventors or entrepreneurs decide to produce and market the item themselves, which can increase their income from the patent, although the financial risk is higher since the inventor often invests his own money. Patents can be sold in many settings, and sometimes patents for sale can be seen at public patent auctions. At patent auctions, there is usually steep competition between investors for the patent within a short time. However, the process of selling a patent at auction is of relatively high risk to the entrepreneur, as he doesn’t know the sum he will receive at the end of the auction.
Our company helps the inventor work his idea into a product. We help the inventor on the technical side of things, and employ patent attorneys specialized in registering patents in the area of the invention.