Big data strategist , Data Strategy Best Practices, Digital Data Strategist
Big data strategist, Bigdata Blockchain Expert, Data Strategy Best Practices, Digital Data Strategist, Uncategorized

Big Data Strategist for Identifying Pain Points

Big Data Strategist For Technology Research Companies

Big data strategist , Data Strategy Best Practices, Digital Data Strategist

The best part of the enormous #bigdata is the analysis of the data in a manner which can act as a fuel to impact other business models. The need of the hour is to enrich and fortify the #bigdata in a manner which becomes resourceful to make critical decisions in board meetings.

Prity is a Big data strategist for technology research consortium. With an hawk eye approach Prity is able to identify real-time technology developments. She believes in working in holistic view to identify licensing opportunities which are tailored to the need of Industry 4 Era.

Recently, Prity was part of  “4th Annual Asia-Pacific Spectrum Management Conference: supporting ITU Asia-Pacific Regional Initiative on Spectrum Management” where she took keen interest in underlying principles of policy making in spectrum. Spectrum in the airwave of 700 MHz is going to play a crucial role for IoT based innovations in Industry 4.0 era.The event was supported by Forum Global alongwith Ministry of Sciency and ICT (MSIT) Republic of Korea, and aimed to bring together senior level staff from policy makers, regulators, Industry and academia for discussions on key spectrum management issues, including but not limited to:

  • Spectrum for IoT and Industry 4.0
  • Enabling efficient spectrum Management for IMT-Advanced spectrum
  • Meeting the IMT-2020 spectrum requirements of today and in future
  • WRC-19 – regional planning and preparations
  • Economic issues related to Spectrum
  • Delivering the digital economy through development national connectivity plans.

The Audacious move in the #SpectrumAuction is going to be different in near future. After the overview she had at #AsiaSpectrum Prity thinks and of the opine that there is lot to learn from our neighbours especially Bhutan.

Definitely airwave in the 700 MHz will be in demand.

The challenge is what will be the right price for a democratic country like India. The #Indiangovernment has to align the right approach to have a good consortium with the #telecomplayersinIndia

Big Data Scientist, Big Data Strategist, Policy Technology Research

Big data is definitely hot cake nowadays. One should not forget the food industry which has lot of potential and market in India. Finger foods and snacks will be funded by more investors in days to come. Congratulations to #Kishlayfoods who just raised USD 15 million to extend and launch more innovative products in near future in India. The current snack market in India is roughly about USD 8 billion. According to CAGR, the growth rate in this sector can be 20 % which I think is incredible #askpatentexpert #funding #innovationcoach

 

The analysis of Big data in technology research is going to play key role to provide new technical intelligence for innovation research in AI, ML, and Blockchain in Industry 4 era.

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Happy to discuss opportunities with like minded MNC corporates who are clueless what to do with #bigdataminingoil #bigdatastrategist #innovation #technology #business #education

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patent agent exam 2018 india,, Uncategorized

When will the patent agent exam be held in 2018, in India?

Power of Developing Intellectual Creativity #IndianPatentAgent2018

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2018 has been very resourceful and the world has witnessed global shift in INNOVATION and DISRUPTION

Understanding Intellectual Property Rights Globally Understanding Intellectual Property Rights Globally

INDIAN PATENT AGENT ELIGIBILITY CRITERIA

The time has come to use your creativity to solve the mystery of creative minds.

Intellectual Property field is a field of infinite horizon capabilities.

The sad story in INDIA is Education System is totally BROKEN

The need of the hour is to work out a model to activate the GENIUS HIDDEN TALENT within the masses.

MY Mandate is simple to work with Intellectual MINDS which will Increase the Learning Curves of the Individuals

Join US in this revolution and add the Intellectual flame of interest in your life to light up creativity of inventors or “GENIUS GURU” in discovering your true potential in understanding inventions and Intellectual Property Rights.

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Just like the Software Programs (“Genes”) tell the brain to operate (How to process information) to achieve a Certain Goal.

Likewise, do you want to register yourself at Indian Patent office to become the Program (Genes) to assist the brain (Inventor) on how to draft and obtain patent for their invention?

Before actually channeling oneself into this, one has to quality the INDIAN PATENT AGENT EXAM.

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Aspiring individuals who want to become INDIAN PATENT AGENT 2018, you have to meet certain requirements to appear for the examination before the Indian Patent Office.

Nagpur Intellectual Property Patent Training 2018 #askpatentexpert #indianpatentagenttraining2018

INDIAN PATENT AGENT 2018 ELIGIBILITY CRITERIA

You are eligible to become the patent agent in INDIA, if you fulfill the following eligibility criteria:

  1. Should be a citizen of India
  2. Should have attained minimum 21 years at the time of exam.
  3. To impart technical knowledge and skills, one should have obtained a degree in Science, engineering, or technology (M.Tech, B.Tech, M.Sc. and B.Sc) from any established university under Indian law or other specified equivalent qualification under central government .
  4. The final year candidates also are eligible on producing the mark sheets, final degree, etc., within two months from Patent Agent exam declaration result which they are appearing for.

REGISTRATION AS PATENT AGENTS

After passing major hurdle just as in relay race “Patent Agent Examination”, one may apply for registering their name in the register of Patent Agent by making an application on Form-22 along with the following documents and prescribed fees as per the schedule. (Patents Act 1970 and Rules 2003 ( As Amended), see Section 126, Rule 109(1), 111 and 112.)

  1. For e-filing:The fees as per the schedule for Natural person(s) and/or startup: 3200
  2. For physical filling: The fees as per the schedule for Natural person(s) and/or startup: 3500

For continuance of the name of a person in the register of patent agents—

(i) for the 1st year to be paid along with registration :

  1. For e-filing : The fees as per the schedule for Natural person(s) and/or startup: 800
  2. For physical filing: The fees as per the schedule for Natural person(s) and/or startup: 800

(ii) for every year excluding the 1st year to be paid on the 1st April in each year:

  1. For e-filing : The fees as per the schedule for Natural person(s) and/or startup: 880
  2. For physical filing: The fees as per the schedule for Natural person(s) and/or startup: 880.

After receiving the application along with the fee, the Controller will register his or her name in the register of Patent Agent and issue them a certificate

The patent agent should carry following particulars at the time of registeration:

  1. Two recent passport size photographs.
  2. Original Character certificate duly attested.
  3.  Two Specimen Signatures.
  4. Attested copy of degree in Science, Engineering or Technology.
  5. Attested copy of document evidencing date of birth.
  6. Attested copy of document (evidencing citizenship)
  7. Copy of Result showing respective roll nos.

On application for duplicate certificate of patent agent under rule 111A,

a. For e-filing:The fees as per the schedule for Natural person(s) and/or startup: 1600

b. For physical filling:The fees as per the schedule for Natural person(s) and/or startup :1750

On application for restoration of the name of a person in the register of patent agents under rule 117(1)

a. For e-filing:The fees as per the schedule for Natural person(s) and/or startup: 1600 (Plus continuation fee under entry number 34)

b. For physical filling:The fees as per the schedule for Natural person(s) and/or startup :1750 ((Plus continuation fee under entry number 34)

Do you WANT to be an experienced patent lawyer/attorney or IP expert in India.

TCIS is facilitating the process of training GENIUS minds to work in intellectual property (especially patents). 

Tech Corp International strategist (TCIS), India is providing professional training course and course material in Patent Law and Practice for the aspiring aspirants who are appearing for Indian Patent Agent Examination 2018, to obtain qualifications necessary to practice as a Patent Agent under the Patent Act and Rules.

Ask your Patent Agent queries by using hashtag #askpatentexpert on twitter.

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  • Everything YOU need to know about Intellectual Property Rights
  • Can I get a patent for my idea in India & Asia?
  • What is the scope of the intellectual property law in India & Asia?
  • Can I patent a business model in India & Asia?

Is it possible to file a patent for a business idea in India & Asia?

Schedule #claritycalltoday https://lnkd.in/fw8Qbji

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#BeBRANDYOU

#Innovation #intellectualproperty #patentability #infringement #askpatentexpert #patentagentexam2018 #PA2018 #BePatentAgent2018 #AskInnovationStrategist

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Patenting Mind Control & Behaviour Modification Technology

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Brain employs different control strategies. Mind or thought control can be defined as the inability of the human subjects to think autonomously. Initially mind control was considered a mere conspiracy theory but it is REAL!!

Companies like Microsoft and Facebook are coming up with “Brain -Computer Interfaces” which can help the users increase their concentration and think their way around a computer device, hands free.

The emerging discipline of network neuroscience and network control deals with modulating human brain network to treat cognitive deficits and /or enhance mental abilities. A lot of patents are being filed in this field.  

WO/2016/207246

Title: DEVICE AND METHOD FOR EFFECTIVE INVASIVE TWO-STAGE NEUROSTIMULATION

Assignee: FORSCHUNGSZENTRUM JÜLICH GMBH (Wilhelm-Johnen-Strasse, Jülich, 52425, DE)

Publication date: 29 Dec 2016

Abstract:

The invention relates to a device for stimulating neurons, comprising a stimulation unit, which can be implanted in the body of a patient and which has a plurality of stimulation elements for stimulating neurons in the brain and/or spinal cord of the patient with stimuli, and a control unit, which operates the stimulation unit during a first time interval and during a second time interval following the first time interval in different stimulation modes. The control unit controls the stimulation unit during at least 75% of the duration of the first time interval in a first stimulation mode such that the stimulation element repeatedly generate sequences of stimuli and the order in which the stimulation elements generate the stimuli within a sequence is constant for not more than 5 successively generated sequences and is then varied. The control unit controls the stimulation unit during at least 75% of the duration of the second time interval in a second stimulation mode such that the stimulation elements repeatedly generate sequences of stimuli and the order in which the stimulation elements generate the stimuli within a sequence is constant for at least 25 successively generated sequences and is then varied. The intensity of stimuli in the first stimulation mode is lower than or equal to a predetermined stimulus intensity and the intensity of stimuli in the second stimulation mode is at least 1.3 times the predetermined stimulus intensity.

US 20180012009

Title: METHOD AND SYSTEM FOR PROVIDING A BRAIN COMPUTER INTERFACE

Assignee: Arctop, Inc. (San Francisco, CA, US)

Publication Date: 11 Jan 2018

Abstract:

A method for providing a brain computer interface that includes detecting a neural signal of a user in response to a calibration session having a time-locked component and a spontaneous component; generating a user-specific calibration model based on the neural signal; prompting the user to undergo a verification session, the verification session having a time-locked component and a spontaneous component; detecting a neural signal contemporaneously with delivery of the verification session; generating an output of the user-specific calibration model from the neural signal; based upon a comparison operation between processed outputs, determining an authentication status of the user; and performing an authenticated action.

US 20170368348

Title: METHOD AND DEVICE FOR ENHANCING MEMORY CONSOLIDATION

Assignee: ICM (INSTITUTE OF THE BRAIN AND THE SPINAL CORD (Paris, FR)

APHP (PUBLIC ASSISTANCE – HOSPITALS OF PARIS (Paris, FR) 

NATIONAL CENTER FOR SCIENTIFIC RESEARCH (CNRS) (Paris, FR)

UNIVERSITY PIERRE AND MARIE CURIE – PARIS 6 (UPMC) (Paris, FR)   

 INSERM (NATIONAL INSTITUTE FOR HEALTH AND MEDICAL RESEARCH) (Paris Cedex 13, FR)

Publication Date: 28 Dec 2017

Abstract:

The present invention relates to methods and devices for consolidating memory and / or cognitive functions by monitoring brain dynamics and delivering a stimulus to the appropriate stage of sleep cycle.

US 9846483

Title: Headset with contactless electric field sensors for facial expression and cognitive state detection

Assignee: Oculus VR, LLC (Menlo Park, CA, US)

Publication Date: 19 Dec 2017

Abstract:

A head-mounted display (HMD) device includes a plurality of activity detection sensors coupled to a liner formed around a periphery of a HMD or a band attached to the HMD. The sensors attached to the liner are adopted for direct or indirect contact to an upper portion of a user’s face, and the sensors coupled to the band are adopted for direct or indirect contact with a back side of the user’s head. The activity detection sensors detect electrical field signals caused by muscle contractions in an upper portion of a user’s face or brain activity signals when the user is wearing the HMD. The HMD includes a module that reconstructs and projects a facial animation model of the user and a cognitive state of the user based on signals from the activity detection sensors while the HMD is in use by the user.

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US 20170351958

Title: BRAIN ACTIVITY PREDICTION

Assignee: UNIVERSITAT ZURICH (Zurich, CH) 

UNIVERSITY OF FRIBOURG (Fribourg, CH)

Publication Date: 7 Dec 2017

Abstract:  

A method for estimating a brain activity response following a stimulus of a person comprises the steps: providing a usage data set of the person from a personal device used by said person, wherein at least one usage attribute is associated to said usage data set, wherein attribute data is associated to each of the at least one usage attribute, providing a computational inference model, generated from a plurality of brain activity data sets and a plurality of usage data sets, wherein each brain activity data set comprises data derived from a brain activity response following a sensory stimulus, submitting the attribute data of each of the at least one usage attributes to said computational inference model, estimating a brain activity response following a sensory stimulus of said person by evaluating said computational inference model for the submitted attribute data. The method is useful to determine, for example the influence of intensive touch pad usage (of a smartphone) on somatosensory evoked potentials.

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Innovation & market adaptation way ahead for renewables, say experts

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Adapting to market demands and innovation will be the way forward for clean energy sources and technologies, experts from India and Japan said at the Global Partnership Summit here on Monday. The panel of experts was discussing the theme of ‘Clean Energy Sources and Technology’, especially the role of solar energy in India’s renewable energy expansion plan.

The discussion saw the participation of Masatsugu Shimono, Vice Chairman, IBM, Japan; Taishi Sugiyama, Senior Research Fellow, The Canon Institute for Global Studies; Aishwarya Kachhal, Indus Towers Limited and Prity Khastgir, Founder & CEO, Tech Corp International Strategist (TCIS). The session was moderated by Pranav Mehta, Founder Chairman, National Solar Energy Federation of India.

Setting the tone for the discussion, Mehta stressed that renewable energy has figured prominently in the Paris climate accord that has been ratified by 170 countries till now. He pointed out that while the developed countries were leading renewable energy production a few years back, China has now sped ahead by becoming the world’s top solar energy producer, ahead of United States of America, Germany and Japan. India is the sixth largest producer of solar energy and a recent report by consulting firm Bridge to India said that India’s solar energy capacity is expected to touch 20GW or 20,000 MW by the end of 2017-18 financial year. Currently, around 22% of India’s power comes from renewable energy sources, Mehta said.

Mehta added that there is also an urgent need for energy efficiency as conventional energy production sees significant loss during generation, distribution, storage and use.

Meanwhile, researcher Taishi Sugiyama said that in the coming years, electric vehicles, self-driven cars and car sharing are going to be major contributors in cutting carbon emissions. “Carbon dioxide emissions can be reduced up to 100% and can also bring a host of economic benefits,” said Sugiyama.

The panelists also emphasized RE’s impact on social innovation, health and livelihoods of people. Keeping in mind the present growth rate of the economy, the energy needs are expected to double in the next 6 to 7 years. To meet these needs, solar harvesting and big data analytics will play a pivotal role, said Prity Khastgir.

The Global Partnership Summit has evolved from the India Japan Global Partnership and the three-day event will see participation of over 200 speakers including central government ministers, industry leaders, academicians and social entrepreneurs. They will speak on issues such as clean energy, urban development, mobility, health and education among others.

Source:http://www.dnaindia.com/business/report-innovation-market-adaptation-way-ahead-for-renewables-say-experts-2566884

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AI Based Career Counselling Innovative Platforms

 In face of the unprecedented pace of changes worldwide, choosing a career is a difficult process. It is a challenge to manage the rate of change and to implement today’s set of changes while planning for tomorrow’s. Despite the information technology and tremendous growth of knowledge, our education system fails to develop student’s creativity, independent thinking and capabilities so that they can make responsible career choices and make the best of the opportunities that lay ahead.

A large population of students are unsure of occupation that is suitable to them even after taking admission in a college or university programme. Many high school graduate decide to enter into a college/university programme based on friendship, potential income, convenience and comfort. There is a lack of self understanding, personal planning and goal setting abilities among students which result in limited work efficiency and demoralized work attitude due to lack of interest,  when they enter workplace.

Hence career counselling platforms are remedial or advisory services for students when they are in a need of making subject or career choice. A number of technologies based on artificial intelligence and machine learning are coming up to provide support to users in making choices during career planning in accordance with their interests, capabilities, and orientation.Some of the recent patents filed for the platforms that provide career guidance are:

US 9767525

Title: Methods and systems for providing career inspiration, motivation and guidance to a user

Assignee: LifeJourney USA, LLC (Baltimore, MD, US)

Publication Date: 19 Sept 2017

Abstract:

Methods, systems, and media are disclosed for providing career motivation, career inspiration and career guidance to a user through one or more journeys. Metrics concerning attention and fact retention of the user after having been presented with one or more career videos on a user device and after the user having responded to career- and skill-specific situational learning exercises and questioning may be recorded in a student record. A career code, such as a Holland Code, may be determined for the user using the responses provided by the user during a career tendency assessment. Metrics of the user’s selection of one or more careers may be recorded in the student record. Mentor interaction may be provided for the selected one or more careers and results of the mentor interaction may be stored in the student record. One or more virtual field trips may be provided to the user and results of the one or more virtual field trips may be stored in the student record. A resume may be generated using the student record.

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 WO/2017/213891

Title: PERSONALIZED CHATBOTS FOR INMATES

Assignee: GLOBAL TEL*LINK CORPORATION (12021 Sunset Hills Road, Suite 100 Reston, Virginia, 20190, US)

Publication Date: 14 Dec 2017

Abstract:

A communication system for providing a positive communication to an inmate is provided. The communication system includes memory that stores data, and an application server that that analyzes that data to determine topics that are important to the inmate. The application server includes a topic rating system to rate the topics based on importance to the inmate and based on an emotional tone used by the inmate during a communication. When the application server receives a question from the inmate, the application server searches the data and the Internet and responds based on the answer and the data stored in memory. The application server also provides support to the inmate by suggesting counseling services according to the needs of the inmate. Further, the communication system provides a positive influence to the inmate to encourage educational progression.

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US 20160104260

Title: Practitioner Career Management Assessment Interviewer Method and Tool

Assignee: CLAIRE Technologies (Pasadena, MD, US) Alexton Incorporated (Alexandria, VA, US)

Publication Date: 14 April 2017

Abstract:

The practitioner career assessment is a method and device for providing career development and advancement management within hiring organizations. The method includes the steps of consolidating all of a user’s career experiences, knowledge, skills and abilities, and automating career guidance and a career pathway roadmap of the user’s career development and advancement. As a result, the assessment is operated by a hiring organization, under the complete control of the user, and conducted in a confidential manner, free of any judgment prejudice, and devoid of known and unknown biases associated with human factor or supervisory factors to provide guidance and create a career pathway roadmap to goals and advancement. The device includes a number of modules including a system access, user homepage, user profile or census, core and optional goal assessments, assessment generation, guidance, outreach, reporting, and requirements traceability matrix (RTM) modules.

WO/2017/007363

Title: METHOD FOR DETERMINING PERSON’S PSYCHOLOGICAL TYPE

Assignee: DROZDOVSKIY, Aleksandr Kuzmich (ul. Frunze, 16 kv. 10, St.Petersburg 5, 196135, RU)

Publication Date: 12 Jan 2017

Abstract:

The invention relates to the fields of psychophysiology, psychology, sociology, pedagogy and medicine, and may be used in conducting individual and large-scale studies in the fields of psychophysiology, psychology, sociology, pedagogy, medicine, recruiting and career counseling for determining a person’s psychological personality type and also, on the basis of same, for evaluating psychophysiological and psychological compatibility. The novelty of the invention consists in determining, across a broad range of ages and without using questionnaire tests, a psychological personality type on the basis of objective data regarding the characteristics of a person’s nervous system.

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Non-Disclosure Agreement

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In business, there are numerous instances in which you have to share confidential information with another party. For example you have a business idea. In order to execute the idea you will have to share the idea with potential partners, investors or employees.

Startup companies with a new and profitable idea can only succeed if what they are working on remains under wraps. But the key to doing so safely is making sure that the other party is bound to respect the confidential information you provide them and not use it in a way that is detrimental for your business.

Inorder to keep a lid on the sensitive information, a non-disclosure agreement, or NDA, alternatively referred to as confidentiality agreements (CA), confidentiality statements, or confidentiality clauses is signed between two parties.

A Non-Disclosure Agreement is typically put to use while disclosing confidential information to potential investors, creditors, clients, or suppliers. Some people might not like the idea of signing a non-disclosure agreement saying “Don’t you trust me?” But without such a signed agreement, any information disclosed in trust can be used for malicious purposes or be made public accidentally. NDA is a promise between two or more parties that the information conveyed will be maintained in secrecy.

The confidentiality of the information is maintained for a specified period of time as mentioned in the agreement. But once the information is made public, that loses it’s “confidentiality” people will be free to disclose the information.

Types of Non-Disclosure Agreements:  

The specific content of each Non-disclaimer agreement is unique as it will relate to details of specific information, proprietary data involved and what is being discussed. In general there are two types of non-disclosure agreements.

  1. Unilateral Non-disclosure agreement: A unilateral agreement binds only one party to the agreement for example a company signs a unilateral non-disclosure agreement with an employee. Employee agrees not to disclose or reveal confidential information learnt while on the job. The majority of NDAs fall under these category and are intended to protect a business trade secret. Researchers and professors at research universities or at R&D department in the private sector are at times required to sign an NDA before they carry out research with the business or university that supports them.
  2. Mutual non-disclosure agreement: A mutual non-disclosure agreement is typically executed between two parties exploring a possible business arrangement or a joint venture or some other possible merger that might have a mutual benefit to both parties.7 Simple Ways You Can Protect Your Idea From Theft

 

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Series A Financing

 GOLDILOCK Economy for Our Business Startup

What are we aiming at GOLDILOCK Economy for Our Business Startup which will take into account the challenge I would like to UNDERPIN. We want best of everything. Knowledge is always outside our comfort zone. Unicorn business model takes into account economic growth of the country as the startup provide job opportunities, low inflation rate, more employment to the GEN X population who are very intelligent in many ways. The holistic view of the contextual experience is increase in asset price of the intellectual property created by the individual creative mind.

There are peaks and troughs in fund-raising journey of a startup business. Startups go through multiple rounds of financing to raise investment in order to cover business expenses based on escalation of company’s valuation.

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After the business has shown some of a track record, and when company is generating some revenue (though it might not be net profit), Series A funding is a critical stage in optimization of product and services and for the growth in customer base. The ultimate goal of series A round of financing is to cover up the expenses involved in carrying out additional market research and finalization of the product or service that the company is introducing in the market.

The company is still in the product development stage so the risk involved in the series A round of funding is the highest and Series A funding is commonly offered in the form of preferred stock and may have anti-dilution provisions in case more financing is given, in the form of common stock or preferred stock, in the future.

In an increasingly competitive marketplace, many startups are unable to impress investors to get Series-A funding because of multiple reasons like the venture failed to demonstrate their ability to grow; the team failed to build the skill-sets and competitiveness; lack of Intellectual property that can give the company an unfair advantage; lack of market validation or a poor product or service.

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Preparation is the key to everything. Startups should align their thoughts and conversations with the investors perspective for getting follow-up meetings after the initial interaction with the investors. The following things should be kept in the mind:

  1. To excel in the game of series A financing, a company should be well-versed with the investment criteria of an investor. Different investors have criteria of investing in a venture.Some may give more weightage to market sentiments while some other may give to the team.  
  2. Have a sound knowledge of the investment scenario of different sectors. This will help you understand the investor’s view of your sector and you will be in a better position to seek investment for your venture.
  3. There should be synergy in your venture and the portfolio companies of the investor. This will help the investor understand the relevance of investment in your venture.
  4. Be clear on what you seek from the investor beyond the money and how they may add value to your venture.
  5. Eight BEST Funding Opportunities

 

Crowdfunding                                                                                                                       

The digital era has opened your world to more than a market. Through the crowdfunding sites, you can pitch your business to strangers and ask for funding. At the crowdfunding platform, lay out your business idea and give a detailed description of what the business is, your profit making plans, how much money you expect to raise, and why you need to raise funds via the platform.Companies that raise funds via crowdfunding platforms have been able to increase their profitability since the platform benefits entrepreneurs in two ways; through the funds raised and through the marketing that products receive. Since crowdsourcing is a competitive funding option, your business must be rock solid and appealing to customers and investors.

Using venture capitalists

Venture capitalists are professionals who invest in companies with high potential for growth. To get the attention of a venture capitalist, your business model should show potential for rapid growth and the ability to disrupt the market. 

Venture capitalists only invest in startups with extremely high potential for big returns on investments. As a result, venture capitalists evaluate the sustainability and the scalability of any business they consider investing in. To get a venture capitalist interested, you should have a disruptive product as well as a big market that will result in faster and bigger returns on investments.

You should also note that venture capitalists offer mentorship and their expertise once they sign up with you. Therefore, if you believe that your business is competitive and able to attract a venture capitalist’s interest, ask for their funding. You should be willing to give up a percentage of your company.

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Angel investors

Did you know that Google, Alibaba, and Yahoo got investments from angel investors? Angel investors are individuals who invest in potentially profitable businesses with their surplus disposable income. Before investing in your company, the angel investors will screen your business to ascertain its worth and the potential for growth.

Just like venture capitalists, angel investors invest in a stake of your company but they offer mentorship. Their propensity for high risk businesses is what determines if your business is taken up or not.

Winning business competitions

While repaying your debt consolidation loan, you should take advantage of your business’ potential by getting into contests. Most of these competitions require business plans and the entrepreneur with the best idea wins a big sum of money. The funds won should be injected into the business for better investment returns.

Most of these competitions are broadcast in the media. Besides winning the reward money, you will benefit from free marketing. People remember the winning business and this gives your business a great head start.

Funding from business incubators and accelerators

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There are numerous funding opportunities in the market. However, to know about them and to benefit from them, you should be open-minded and aggressive. Search online or ask around for business incubators and accelerators. Business incubators provide shelter tools, network, and training just as parents do to their children while accelerators help businesses take the giant leap. To benefit, you must be willing to commit time, develop good networks and learn from your mentors, investors, and fellow entrepreneurs.

Government funding programs

The government supports local entrepreneurs. To reduce unemployment and to encourage self-dependency, the government has instituted departments to aid in sharing funds to the most innovative businesses. Businesses ideas that promise societal growth besides high profits always get a higher priority.

Online peer to peer lenders

Besides angel investors, there are groups or individuals online who often provide affordable loans to persons in search of affordable and unsecured loans. Though you will be servicing the debt consolidation loan, the loans from peer to peer lenders are affordable and if you are confident that you can repay the two loans comfortably, then you should take it up.

Bootstrapping

This is also called self-funding. It is an effective funding option when you are starting out and when you have savings. Besides personal savings, you can also ask your friends and family for funding. Though resources are stretched under bootstrapping, your business will be attractive to investors later on. Knowing that you build a business by yourself inspires confidence.

7 Simple Ways You Can Protect Your Idea From Theft

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Patent Searching RESEARCH by Genius Geeks

Patent Search: Determine how prior art is similar or different?

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Patent filing requires “money”. Patents have filing fees, professional fees and maintenance fees over the life of the patent and a large amount of money is required for the defence of the patent. A Patent search is carried out inorder to ascertain that the patent generates enough financial gains to justify the cost associated with its filing and the time and expense of moving forward with a patent application is a worthwhile.

For inventors, searching prior-art in the form of patents filed and granted should be the first step in the patent application process. Patent search gives an opportunity to discover which aspects of your invention can be claimed and high quality patent searches can help inventors anticipate about the scope of any patent claim. Without a patent search an inventor will describe the various  aspects of an invention as if they are equally important which won’t be the case.  

A patent is lot more than just a document. Careful assessment of patents found in the search report is tedious but the inventors who really take the time to read the key patents found in the search know its importance in contributing to the decision about whether to move forward with the patent application and then ultimately to meaningfully contribute to the preparation of a patent application.

Unfortunately, a lot of inventors only give a hasty and not thorough review of the patents found, thereby missing a great opportunity to use the prior art found to figure out what is most likely unique and patentable. Inventors perhaps look at the titles, the pictures, maybe read the Abstract and get overwhelmed.

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For this reason inventors frequently choose to hire a patent professional or patent attorney for carrying out patent search. The inventor has the detailed knowledge of the invention, and is in the best position to identify the similarity and differences of the invention with respect to the prior art and the patent professional is in the best position to determine whether those differences will likely contribute to patentability through a collaborative approach.

A detailed compiled disclosure of the invention forms the foundation of a strong patent application. Determining how the prior art is similar and how it is different is essential to being able to gather great detail of information that can be put together while writing a patent application and invariably leads to a far more detailed written description of the invention.

Many a times inventors carry out a patent search themselves before filing a patent application and during the patent examination an exact invention already patented is found. But this is why you do the search!!!!

Thus, It is better to spend a modest amount of money on patent search before filing a patent application to learn about the prior patents instead of spending a lot of money on patent application only to learn later that no patent could be obtained.

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