Inventor's Patent Pending Technology a Deal Maker
As I've often mentioned, it is the individual inventors throughout our history who have kept the pipeline of ideas and innovation humming with vibrancy. Today, I read an article in (CNNMoney.com, dated November 27, 2007) that tells of an inventor of a cell phone translation technology who is set to generate big revenue with this invention.
Having reached patent pending stage, the inventor has entered into an agreement with FTS Group to own 10% of their new subsidiary "Version Ventures Corporation," while FTS will own the remaining 90%. This means that the company will bear the responsibility for manufacturing and marketing and all other costs, while the inventor stands to generate revenue for the fruits of their labor and his/her own ingenuity. Not a bad way to do business. Congratulations to the inventor, and I look forward to seeing how the technology will benefit cell phone users when the patent becomes official. Visit AgoraCam.com for more information on the venture.
Posted By John Rizvi In Inventor's Notebook 0 Comments PermalinkPfizer Wins Patent Battle With China Over Viagra
Pfizer has been in a tenacious six-year battle defending its Chinese Viagra patent against twelve domestic drug companies who claim to have spent over US$12M to produce generic versions of the drug. In 2004, it looked as if the plaintiff's would be victorious when the China State Intellectual Property Office (SIPO) invalidated Pfizer's patent, saying it lacked relevant data to support Viagra's "specific therapeutic effect." However, Pfizer appealed and the Bejing High People's Court has issued a final judgment of patent protection for Pfizer that will not expire until 2014. The court has informed SIPO that it must withdraw its opposition. To read the full article click here.
ID Card to Offer Patented Security
IVI Smart Technologies, Inc. has announced receipt of a patent for their "intelligent biometric identification card technology," which it will license to subsidiary e-Smart Technologies (PRNewswire-FirstCall, Nov. 5). The company reports that their engineers have worked steadily over the last three years to develop and refine their technology, hard work that has paid off with a patent that encompasses 27 separate claims.
As I've mentioned in previous posts, the number and breadth of claims is a critical aspect of the patent application as broad claims lend themselves to wide leverage in the marketplace. e-Smart Technologies plans to capitalize upon this, mentioning numerous categories of prospective clients for their technology, including small and large corporations, health care organizations, and government institutions among others.
Entitled "Secure Biometric Verification of Identity" (Patent No. 7,278,025), the patent covers and intelligent ID card with an on-board sensor that captures live "biometric" data and an on-board processor that includes memory for storing referencing data. e-Smart Technologies plans to utilize the patent to generate customers who need ID solutions for security and payroll purposes. 
Maintaining an Inventor's Notebook
Maintaining an inventor's notebook or log costs close to nothing and provides immediate evidence documenting the date of an invention before a patent attorney can be retained to file a patent application.
Ideally, an inventor's log should be a bound notebook. There are professional Inventor's Logs commercially available with green grid-lined paper for drawings. You do not need to go out and buy a fancy (i.e.-costly) inventor's notebook. All that is really needed is a notebook with permanently bound pages. You do not want to use a spiral-bound notebook, looseleaf binders, or legal pads.