Friday, July 16, 2010

How to identify business opportunities by timing patent expiration dates?

I could see where a large corporation that is great at developing products, but poor at manufacturing could be liable to this idea. Once the patent runs out competition could come in and develop a supply chain that's based on current knowledge ... then the company could produce at a much lower cost and cut the sales price accordingly.





Does anyone know how to systematically review / hire people to review companies who are making products under patent protection ... then do some type of analysis to see if this is a good idea?





Thanks!

How to identify business opportunities by timing patent expiration dates?
My guess is that you have to go to the PTO website and do a patent search by date. This will give you a big list and then you'll have to research each patent and see if there is any potential for you. This seems like a bass ackwards way to go into business to me but you could come up with some possibilities this way.
Reply:This is already happening all the time. If someone own a patent, enjoy the benefit of selling the product at a higher price, you think the competitor are not planning to jump into making the same thing when the patent expires?





You are new to the business, find out the chance only by looking at the about to expire patent, which is 20 years old when it is about to expire, and you don't have the necessary distribution channel to sell the product/





Now you want to jump into a new products/services based on a 20-years old technology... You need some luck.


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