Lumenci for Startups
Patents are a key ingredient to a startup's increased valuation and likelihood of success.
“We do advise the companies we fund to apply for patents, but not so they can sue competitors. Successful startups either get bought or grow into big companies.
If a startup wants to grow into a big company, they should apply for patents to build up the patent portfolio they'll need to maintain an armed truce with other big companies.
If they want to get bought, they should apply for patents because patents are part of the mating dance with acquirers.” - Paul Graham, “Are Software Patents Evil?”
67%
Increased odds of receiving second-round funding further increased
84%
more likely to have a successful exit in the form of acquisition versus early state companies without a patent portfolio.
To be successful with patents, startups need to address these issues:
Lumenci Deliverables for Startups
Lumenci's patent expert team helps your team leverage small investments in time to create patents intended to support your business objectives. Our services include:
Patent Mining
We assign an experienced invention expert to work with your team to identify and document your key innovations, and we work with your legal team to secure the broadest patents possible, all while minimizing your time investment.
Patent Co-creation
Our team has experience working with innovators to identify the broadest possible inventions, including inventions in adjacent technologies. We can also recommend inventions related to your work, and you own 100% of the inventions created.
Patent Prosecution
Our team has substantial experience responding to objections raised during patent prosecution by controllers and examiners in jurisdictions worldwide, assisting your company and IP professionals in securing your patent rights.
Patent Acquisition
Our team of valuation experts identifies the patents we believe meet your needs and negotiate on your behalf. And to avoid tipping off your competitors, your firm remains anonymous until the transaction is ready to complete.
Patent Valuation & Landscape Analysis
Are you concerned about what your competitors are doing? We provide a thorough analysis of public patent data relevant to your main competitors, and, working with your IP Legal team, we can provide a thorough, technical assessment of existing patents.
Patent Strategy
Especially for later-stage startups, it is essential to understand the patents you own and ways to leverage and enhance your IP assets. Lumenci works with your business leaders to develop an appropriate and effective patent strategy.
The Next Step...
Schedule a 1-hour meeting with your senior business and technology executives to discuss our 3-stage process.
STAGE 1
Invention Creation and Identification
(1-3 months)
STAGE 2
Invention Development
(1-3 months)
STAGE 3
Patent Filing
(4-6 months)
The Deliverables...
Some Interesting Facts
2/3 of the tech companies that have gone public in 2020 have invested in their patent portfolios.
Patents Also Launched Multi-Billion-Dollar Empires
