“There are even special banks set up that do nothing but give loans to high tech companies on the basis of their patents.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Dr. Devorah Grazer
AssertionNot checkable as stated
Grazer: Filing a patent application typically adds $1M to startup valuation
“Typically filing for a patent application, even before it's granted as an, you know, before it becomes an issue, patent will add a million dollars to the valuation of a startup.”
Dr. Devorah GrazerJan 28, 2021▶ 17:41The Patent Pending Secret That Adds $1M to Your Startup Valuation
AssertionContradicted
Grazer: Several Craig Venter genome patents were ultimately ruled invalid
“Indeed a number of the patents that Craig Venter got were finally held not to be valid”
Dr. Devorah GrazerJan 28, 2021▶ 3:21The Patent Pending Secret That Adds $1M to Your Startup Valuation
AssertionSupported
US law forbids patenting pure genetic material without human manipulation
“So ultimately in the U S it was held that these genes could not be patented. That pure genetic material was not itself Patentable. Only if it was manipulated by humans, for example, for use in making special proteins, could it actually be patentable?”
Dr. Devorah GrazerJan 28, 2021▶ 3:59The Patent Pending Secret That Adds $1M to Your Startup Valuation
Insight
Grazer recommends 7 to 10 drawings for software and hardware patents
“For example, for software hardware drawings, I recommend that the innovator would have at least seven to 10 drawings. It's a good rule of thumb to make sure you really explain your idea.”
Dr. Devorah GrazerJan 28, 2021▶ 10:22The Patent Pending Secret That Adds $1M to Your Startup Valuation
AssertionSupported
Grazer: Inventors do not need a working prototype to secure a patent
“You don't actually need to have ever built your idea before you get a granted patent. You can actually just have a really good design, and it has happened that there are innovators who have come up with great ideas, but who haven't managed to make a commercial…”
Dr. Devorah GrazerJan 28, 2021▶ 12:33The Patent Pending Secret That Adds $1M to Your Startup Valuation
AssertionSupported
Grazer: Initial Patent Applications at Top Firms Can Cost Up to $20,000
“If you go to a fancy firm, you can spend up to 20,000 dollars for the initial application, depending on how much extra work you do with them.”
Dr. Devorah GrazerJan 28, 2021▶ 15:02The Patent Pending Secret That Adds $1M to Your Startup Valuation
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