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How do you patent ideas?

What are some ways to not be a patent troll but gain value from half-baked ideas/IP?

  • I am already executing on an idea, I have a few other original ideas which I would like to benefit from. I have done a patent search and I might file provisionals but I don't have time to execute the ideas. Are there ways one can co-develop ideas or a group of ideas without being tagged as a patent troll.

  • Answer:

    The best way I know to gain value from an idea is to start a company to bring your product to market. Sorry to be blunt, but your idea probably doesn't have any value as a patent. Most patents have zero value, and the timeline from idea to patent to monetization is closer to a decade than to a year.  If the people who started Twitter had written some patents and moved on they probably never have gotten anything - the real "idea" wasn't / isn't patentable. Lots of people around Silicon Valley (where I am) talk about how there is no shortage of great ideas. What is in short supply is good execution. FWIW, I work for a firm that does research to help monetize patents.

George Sawyer at Quora Visit the source

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Many major corporations run "open innovation" competitions where they request people to submit their half-baked ideas. The corporations then identify which make sense for them to commercialize. The ideas submitted get a royalty. There is a big marketplace of intermediaries in this cottage industry under the open innovation umbrella.

Pramath Malik

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