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BlueIronIP finances patents at a flat, monthly cost so that the patent expenses are fixed and predictable. Some will issue quickly and not cost so much, but others may take a considerable amount of effort and cost to get allowed.ī was created to address this specific need.
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There is a large variability in costs to get a patent. Once there is allowable subject matter, the issue fee is paid and the patent is granted. This will include going back and forth with the patent examiner, interviewing the examiner and, where applicable, the examiner’s supervisor, and going to appeal if necessary. Patent prosecution costs will average about $20K. This will include a very significant cost of learning your technology and your business goals, then crafting the patent application to match your needs. Patent preparation costs should be $15K+ for drafting the patent application. Typically, the costs are roughly half preparation and half prosecution. Just because your patent was rejected initially, that is not a bad thing. The industry average is 4.2 Office actions per case. This back-and-forth can be frustrating at times, but is a necessary part of making sure your patent is strong. The examiner issues an Office action rejecting the claims, and the attorney/agent responds. The prosecution portion is going back and forth with the patent examiner.
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Preparation is understanding the invention, drafting the claims and the specification, and the odds and ends that need to be done to file the patent application with the US Patent and Trademark Office.
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Preparation includes everything until filing, then prosecution is everything from filing to issue. The patent costs are broken into drafting (“preparation”) and prosecution. For a financing solution that makes the fees predictable and uniform, see BlueIronIP. This price is highly variable – sometimes it will be less, and sometimes much, much more. This is the average cost across the US for a patent on a “high technology” invention, and your mileage may vary. A typical US patent costs around $60,000, according to data from the American Intellectual Property Legal Association bi-annual survey.