Real Costs of Ownership: Expensive Patent
The investment in R&D and patents cost the client $4.5M investment for $0 return
The Situation
- Client developed “unique” construction method.
- Attorney encouraged patent filing and further R&D/market development
- Client later approached EverEdge for independent view.
The Client
Manufacturer
Outcome
- EverEdge conducted an audit of the company’s intangible assets and analysis of its competitors
- Became obvious that “patent” did little to protect invention and that the invention was not especially unique and had already been copied offshore.
- Client had spent $930,000 on patents, roughly 2X as much on R&D and committed to major market entry (cost at 2X).
Result
The investment in R&D and patents cost the client $4.5M investment for $0 return