After receiving your disclosure form, OTT will discuss your invention with you. Then we will conduct an evaluation that addresses two basic questions:
Is your invention patentable? It must meet the criterial of being new, useful, and not obvious.
Is your invention commerically viable? There should be a likelihood that one or more companies will pay for the right to license and develop it.
As OTT has limited funds available for the costly patent process, we must make a business judgement about the desirability of investing in patent protection. Inventions with the greatest potential to be legally protected and become valuable assets are given priority.
Our patent assessment includes a literature search and evaluation of prior art, conducted in collaboration with an attorney.
While OTT does not require that a mass market await a new invention, we do seek evidence of some industrial or entrepreneurial interest.
Our marketability assessment includes an estimate of market size, a list of potential licensees, and related market and industry data.
All services related to commerical evaluation and patenting are provided at no cost to the inventor. However, we do seek reimbursement for our out-of-pocket expenses when an invention produces income.
