Intellectual Property Trading: PrePat Auction
Summary
London, United Kingdom, June 22, 2011 --( “Today, there’s a big gap between the opportunities of the international patent law and its practical implementation,” says Yuri Neshitov, CEO of PrePat Auction.The goal of the PrePat auction is to help inventors to sell their PCT based patent rights in countries where they cannot bring their ideas to market themselves.At the same time, entrepreneurs and small businesses are getting the opportunity to buy promising innovations at an early stage and at a low price.But I believe, that among those small and middle size inventions that never get patented abroad there are valuable ideas that should be made accessible to the investor community worldwide," claims Mr. Neshitov.At the same time, entrepreneurs and small businesses are getting the opportunity to buy promising innovations at an early stage and at a low price.Here is how it works: owners (assignees) auction their right to patent their invention in a number of foreign countries.