Last month, we were finally granted a patent and a few days ago, we received the document from the USPTO aka the Patent Office.
Our patent is the product of work done in the financial space whereby financial data was extracted from multiple electronic documents/reports (see some samples attached) and stored in a database. From that converted data someone could do any analysis they wanted at any detail level they needed.
Data extraction happens in real time and access to it is instantaneous. Continual use of it against new documents/reports expands the databases and informs the historicals. More importantly the data can be massaged and manipulated any way you’d want to view trends, implications, test theses and outcomes, etc. It is the mechanism, speed and accuracy that makes this unique for those who need information quickly to get ahead of a curve.
If you're interested in knowing more, you could read about it at :
http://www.google.com/patents/US20090234818
In view of getting this patent, several people asked me about how difficult it was and what the process was. We initially filed a provisional patent on March 12, 2008. So it took us over 6 years to finally get it. But that's not the point of this blog. Its about how easy it is to file the provisional patent, which will give you a patent pending status and a year to figure out whether or not you want to pursue the patent. This is really important as you can go out and find out whether your idea is invest-able, before embarking on the main patent process which can be time consuming and expensive.
You can do it yourself by going to the patent office website,
http://www.uspto.gov/
Have a look at the process itself,
Check out "Getting a Patent in 5 steps"
or you can use cost effective online legal portals like legal zoom, which make it fairly simple.
http://www.legalzoom.com/patents/provisional-patent-application-overview.html
All the best.
Our patent is the product of work done in the financial space whereby financial data was extracted from multiple electronic documents/reports (see some samples attached) and stored in a database. From that converted data someone could do any analysis they wanted at any detail level they needed.
Data extraction happens in real time and access to it is instantaneous. Continual use of it against new documents/reports expands the databases and informs the historicals. More importantly the data can be massaged and manipulated any way you’d want to view trends, implications, test theses and outcomes, etc. It is the mechanism, speed and accuracy that makes this unique for those who need information quickly to get ahead of a curve.
If you're interested in knowing more, you could read about it at :
http://www.google.com/patents/US20090234818
In view of getting this patent, several people asked me about how difficult it was and what the process was. We initially filed a provisional patent on March 12, 2008. So it took us over 6 years to finally get it. But that's not the point of this blog. Its about how easy it is to file the provisional patent, which will give you a patent pending status and a year to figure out whether or not you want to pursue the patent. This is really important as you can go out and find out whether your idea is invest-able, before embarking on the main patent process which can be time consuming and expensive.
You can do it yourself by going to the patent office website,
http://www.uspto.gov/
Have a look at the process itself,
Check out "Getting a Patent in 5 steps"
or you can use cost effective online legal portals like legal zoom, which make it fairly simple.
All the best.
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