The 2020 Oscars made history when the South Korean movie Parasite became the first non-English-language film to win Best Picture. However, many viewers may not have fully understood the film’s complex narrative and turned to YouTube explainers for a deeper understanding. Similarly, communicating the value of a patent can be challenging, as it requires a shared understanding between the innovator, audience, and potential buyers or companies. This often leads to wasted efforts and missed opportunities. To address this issue, Patent Forge AI has developed an AI-driven tool that automates the patent commercialisation process, making it faster and more efficient.
Traditionally, commercialising a patent involves several steps, including understanding the patent, creating marketing materials, reaching out to stakeholders, and identifying potential buyers. This process can take months and cost tens or even hundreds of thousands of rupees. However, Patent Forge AI’s tool streamlines this process by generating all the required materials, such as target lists, customised documents, and legal proposals, based on the patent details provided by the inventor. This drastically reduces the time, effort, and cost involved in patent commercialisation, making it more accessible for individual inventors.
The development of Patent Forge AI’s tool aligns with the Indian government’s push for a stronger patent ecosystem. By empowering inventors with an affordable and efficient solution, it aims to boost innovation and ensure that inventions are understood, appreciated, and used to their full potential. This AI-driven tool is a game changer in the field of patent commercialisation and marks a significant shift from traditional IP services. It is a step towards creating a more inclusive and efficient patent ecosystem in India.
