Patents
We have been advised by a patent attorney that our product design is patentable and that we can apply for a provisional or full patent. Additionally, we have been advised by other entrepreneurs that a patent is only worth the amount of discovery that's put behind it. Their view was that this discovery phase (carried out by the patent attorneys) should cost at least $100k Australian Dollars to be worthwhile, otherwise you may be patenting something that already exists in the world either as a patent or otherwise. Can any patent specialists shed further light on this for us?
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Answers
I help startups patent their inventions
Spending $100,000 on patent discovery is excessive. We can an exhaustive study for $2000. However, an initial study can be done for as low as $250.
Answered almost 5 years ago