Patent Forge AI automates every step of commercialisation, such as finding buyers, generating documents, and closing deals faster than ever.
South Korean movie Parasite made history at the 2020 Oscars, becoming the first non-English-language film to win Best Picture. But how many of us fully understood its layered narrative in one go? Chances are, many turned to YouTube explainers to get its deeper meaning.
Communicating the value of a patent isn't much different. Just like interpreting a complex film, here, the innovator, the audience, and the potential buyers or companies must have a clear understanding of the invention's purpose and potential. Unfortunately, this shared understanding often breaks down, leading to wasted efforts and opportunities.
To address this challenge, Patent Forge AI automates the patent commercialisation process, streamlining tasks such as identifying potential buyers, generating marketing documents, and closing deals faster than ever.
Typically, commercialising a patent involves several steps: thoroughly understanding the patent, creating marketing materials, reaching out to the right stakeholders, and identifying industries or companies that could benefit from the innovation.
It's not just about targeting companies with similar products; it's also about predicting strategic investments that could make the invention valuable in the next 10 to 20 years.
This process requires preparing sales pitches, crafting elevator pitches, and developing other marketing materials, work that often takes months and costs tens or even hundreds of thousands of rupees. Traditional IP firms charge retainers from INR 35,000 to INR 40,000 per month, making these services inaccessible for many individual inventors.
"The AI-based tool we developed is a game changer. It understands your patent application and significantly streamlines the commercialisation process. You simply input your patent number and details such as descriptions and claims, and the tool generates all the required materials," said Prasad Karhad, founder and director of Patent Attorney Worldwide, in an interview with AIM.
He mentioned that, for instance, the AI tool can create a target list of North American companies in a specific industry, such as health tech, with revenues over $5 million. It can generate hundreds of customised documents, including emails and proposals, tailored to the specific invention. It can also draft legal documents like non-exclusive licensing proposals for potential clients.
Patent Forge AI is entirely AI-driven and drastically reduces the time, effort, and cost involved in patent commercialisation. It's a completely different vertical from traditional IP services and focuses on empowering inventors with an affordable and efficient solution.
The challenges of commercialising patents tie into a broader question: How do we ensure that inventions are understood, appreciated, and used to their full potential?
Recently, the Indian government took a step to boost innovation by announcing the One Nation One Subscription scheme. Starting January 2025, nearly 18 million students, faculty, and researchers in India will gain free access to around 13,000 journals through a single portal. India will pay $715 million over three years to provide this access, partnering with leading publishers such as Elsevier, Springer Nature, and Wiley.
"This is a positive step because many students lack the financial capacity to access state-of-the-art paid articles, such as those available on Springer Link or similar platforms. If we think about the purpose of systems like patents, it's evident they exist to foster knowledge.
"Imagine the reverse scenario: if I made a breakthrough invention in mobile technology -- say, a device so sleek it could fit on my skin -- but withheld it out of fear of competition, no one would benefit. Other companies would end up spending resources to reinvent the same technology rather than building on it," Karhad said.
"The patent system is designed to prevent this inefficiency. It allows inventors to disclose their innovations publicly, enabling others to learn from and build on them, while ensuring the inventor's rights are protected with a 20-year monopoly. This balance encourages both knowledge sharing and innovation," he explained.
So, freely available information, not locked behind paywalls or subscription models, is even more impactful. It benefits society immensely, allowing students and researchers to solve existing problems without reinventing the wheel. They can use these freely accessible resources as building blocks to innovate and develop new technologies more quickly and effectively.
Yet, India faces another challenge: recognition for its inventors on the global stage. TV Mohandas Pai, chairman at Aarin Capital, highlighted this issue at IGIC.
"Many patents attributed to Western companies are the result of work conducted in India. However, these patents are registered under the names of Western companies due to their global operations," Pai said.
He highlighted that the Indian research culture does not consider patent filing an objective, which has been a hindrance. In the US, a significant number of patents are filed defensively, driven by broader strategic reasons rather than for immediate utility.
Karhad added, "Recognition can be understood in two contexts. First, there's individual recognition, where the applicant is credited with the patent, and it's listed under their name. However, the second issue relates to how Indians often go unrecognised in global innovation. Many patents list foreign companies as the applicants, even though the actual inventors might include Indian professionals working as part of global teams."
As for Patent Forge AI, it contributes to both contexts of recognition. For any invention to be credited or gain fame, it first needs to be understood. If the claims and technical details are too complex, even for the inventor to fully articulate, the innovation risks being underappreciated or unused.
This is where Patent Forge AI steps in. It simplifies and clarifies information, making it easier to communicate the invention's value, especially when approaching stakeholders like CEOs.
In a short timeframe, such as 60 to 90 seconds, the inventor or a licensing firm must communicate why the invention matters, highlighting its potential, like increasing revenue by 10%. This concise and impactful presentation answers the key question on the CEO's mind: What's in it for me?
