This document outlines the opportunity and business model for patentKO.com, a service that aims to provide more affordable patent invalidity searches. It notes that the number of patent trolls is increasing, driving up litigation costs. The traditional invalidation process is too expensive and slow. The document then describes the large estimated size of the global patent search market and that patentKO.com aims to target patent attorneys, law firms, and companies. Its business model is to collect patent data, perform matching searches, and generate editable invalidity reports for $50 per patent claim. It has received $108,000 in initial government funding and projects $200,000 in revenue by mid-2014.
3. The Opportunity
①Over 3,000 NPEs(patent troll) exist
around the world, persistently suing
innovative companies.
②patent litigation increased 3 times as
2011.
4. The Opportunity
• The best defending solution is ‘Invalidation’.
• But traditional ‘Invalidation’ service sucks!
① Too Expensive, Too Late
( $1,000 per 1 claim / over 4 weeks per 1 invalidation search)
② Can’t BUST plaintiff's patent,
(but TOP 10 expensive US Law firms…? maybe.)
5. The Market
• Estimated sizes of Patent information search market are $636 mil (Japan), $118 mil
(Korea), $1.36 bil (US), $910 mil (Europe), $182 mil (China), $3.21 bil (total).
• In 2015, due to the sharp increase of international patent disputes, Patent
information search market will reach $4.55 bil.
Targeted market size
source : KIPO, Nov 2012
6. The Market
Patent & Law Firms
General Company
- 7,000 Korean patent attorneys
- 20,000 Korean lawyers
- 47,000 patent & law firms around the world
- 900,000 patent experts
- Manufacturing, technology companies
- Export companies : about 50,000 (KR) – SS, LG, Hyundai
- World Wide Tech companies : millions x millions x millions x millions
We are targeting the global market
8. The Business Model
Step 2.
Data Matching
Keyword
Matrix
Step 1.
Data Collecting
Matching rate
EditableInvalidityReport
Just Input
Opponent’s Patent No.
Domain Big Data Processing
+ data curation
patentKO.com
$50 for each Claims
(avg. 40 claims for 1 patent)
12. The Business Model
Minimizing the initial risk by using an R&D project of the Small and Medium Business
Administration
• $200,000 revenue in the second half year is expected since July 2014.
• By overseas marketing, we will make more than $2.7 mil revenue yearly.
Short-term
revenue
Short-term
Expenditure
Good afternoon everyone, My name is Shawn and I’m here to finish terrible patent war.
As you see, many innovative company are suffering from terrible patent trolls.
Patent trolls are killing innovation.
Let me introduce you the opportunity of our solution.
Next, Let’s talk about the market.
Finally, I will show you our fantastic business model which can save the innovation.