Bravatek Solutions Inc (BVTK)

[stemcell]

97 Percent of All Patents Never Make Any Money
(okay so i just noticed looking back this has been posted already, but it bears repeating, google should be automatic like spell check now ...how on earth do people make statements without even spending 10 seconds to check their facts? smh)

Could you name 5 patents that never earned a dollar? The whole idea of a patent is so nobody steals your idea /product and manufactures it to make money.

roflmfao get real ... with over 2 million patents in force that means 1,940,000 examples and you want me to still name 5?

https://www.allbusiness.com/97-percent-of-all-patents-never-make-any-money-15258080-1.html

Ninety-seven percent of all patents never make any money.

What? This statistic should baffle you. Why do so many people continue to file for patents if the overwhelming majority of them don’t earn a profit? Where is the disconnect occurring? Because surely, people wouldn’t file for patents if they thought that they weren’t going to make any money. I’ve spent many years studying this phenomenon, trying to understand why so few patents become actual products. And I’ve concluded that there are two main reasons that this statistic is so high — so please, before you file for a patent, read this!

Too many inventors and entrepreneurs let a fear of getting ripped off guide them — a fear that is reinforced by patent attorneys and agents. They are more concerned with protecting ideas than determining if that idea has a potential for market success. Thousands of dollars are spent and years wasted waiting for a patent to file. And what’s the final result? Too often, just a framed certificate that hangs on an office wall.

It doesn’t make sense. What I’ve realized is, most people who file for patents don’t know how their idea is going to be manufactured. They’ve never asked, “Can my idea be manufactured at a competitive price?” Because it doesn’t matter how great your product is: if it cannot be manufactured at a price that is comparable to your competitors’, it will never be made or sold. That’s the bottom line. I’ve met inventors who have determined that their product can be made, but failed to research the price of the product before filing for a patent. If your product is 5 times more expensive than others, a retailer isn’t going to buy it, even if it improves upon those other products.

If you want to determine if your idea can be made, contact a contract manufacturer through a trade association. They will be able to give you an idea if your product can be made and at what price. Make sure to sign a non-disclosure agreement or work-for-hire before you reveal the details of your idea.

If you aren’t sure your patented idea can actually be produced, it’s just that: an idea.

The other reason most patents never make any money is because inventors and entrepreneurs cannot — for whatever reason — pick up the phone and start contacting the right potential licensees. They may spend years developing a prototype, but won’t dial. You’re not in the game if you’re not making calls. Even if you think you want to manufacture the idea yourself, it’s a good idea to do some homework. Are companies interested? What is their feedback? Their expert answers will help improve your product and prevent you from spending a lot of money on an unpopular idea.

https://www.quora.com/Why-do-the-vast-majority-of-patents-never-make-money

Why do the vast majority of patents never make money?
7 Answers
Paul A. Durdik
Paul A. Durdik, US Patent Attorney (1993-present)
Answered Sep 26 2017 · Author has 203 answers and 87.8k answer views
A2A. A well executed patent will provide the patentee with exclusivity in the invention. If the business case for the invention is sound, then the patented invention will be of value too. Because, if the patentee can control access by others to a valuable invention, then the patentee’s value is enhanced by the patent beyond simply possessing the invention.

If the business case for the invention is not there, then there is no amount of exclusivity that is going to save the situation. Being able to block others from doing something that is valueless is not an especially useful thing.

In sum, a patent can add value to an already valuable invention, but a patent cannot save an otherwise commercially unsound idea. So, we cannot expect to find more valuable patents than we can find money-making ideas.