The Invention Science Fund I (Bellevue, WA)

A method and system that allows transactions to take place within virtual worlds. Transactions can be used to acquire virtual property, and the rights that go with it. In some implementations, real-world and virtual parties are involved in potential transfer of different types of virtual property and virtual property rights.

Virtual worlds often have fictional characters who take part in fictional activities, transactions, and events. There are educational, financial and entertainment benefits in creating new and challenging ways for providingparticipation transactions related to virtual world environments.

There are a variety of methods and systems that can be employed to gain something valuable within the virtual world. For instance the use of one or more computers with process instructions could be integrated in acomputerized system.

Some computerized system embodiments include one or more computer programs for creating a virtual world environment, and a first database record for identifying something in the virtual world environment that is subject to a conditionaltransferable right. Other features that could be considered include a module for in the process of transferring the conditional transferable right from the donor party to a designated successor party, which disposition will be activated by the confirmation of an actual or virtual world event that is related to the donor and a separate database record for any real-world or virtual world wording or condition required for the disposition to occur.

Certain implementations described herein offer a method of arranging an eventual transfer of one or more virtual world objects, which includes providing a virtual object with at least one component, and allowing an authorization from or on behalf of a donor for the conditional transfer of a particular property right respecting the virtual object to a recipient. Another feature could include an assurance that the transfer isn’t inconsistent with an aspect or element of the virtual object to be transferred.

Certain embodiments can be implemented using an application for computers that contains encoded instructions to execute a process, wherein an example of a process is the creation of a virtual environment that allows a participant to acquire a virtualproperty rights as an individual or a composite element or attribute or characteristic. The process could also include facilitation of an arrangement for an eventual transfer of the virtual property right of an individual donor to a successor party designated by the donor, which transfer is contingent upon the verification that it is a virtual world event or a real-world event that involves the donor party. Another option is keeping a record of the transfer.

A transmission medium may be included in the computer program product to encode the instructions. The computer program product could also include a storage carrier medium for encoding instructions.

An exemplary process can be encoded by a computer program embodiments stored on the storage media or on signals transmission media that are accessible to multiple virtual world patrons with logon capabilities across multiple locations.

Other computer program product embodiments may have an exemplary process stored on storage or signals transmission media that are capable of functional operation on localized computers that is accessible to a single virtual world user.

Transactions involving virtual environments that are described in this document may be made by various kinds of entities and/or parties dependent on the benefits that arise from the embodiments and their implementations.

The following drawings and descriptions will assist you in understanding the benefits, features , and other features of the most desirable embodiments.

Click here to view the patent on USPTO website.

Get Patents with PatentPC

What is a patent?

A patent is granted by the government to protect an invention, patents give the inventor with the exclusive right to use, create, sell and promote the invention? Society benefits when a innovative technology is introduced to the market. The benefits can be directly realized as people are able to accomplish feats previously unattainable as well as indirectly through the economic opportunities that innovation offers (business expansion, job creation).

Patent protection is demanded by a variety of universities and pharmaceutical companies for their research and development. Patents may cover a physical or abstract product or process, or an approach or composition of material unique to the area. Patent protection is granted to an invention that is beneficial, novel, and not previously known to others in the same field.

Patents give inventors a chance to be recognized for commercially successful inventions. They serve as a motivator for inventors to come up with new ideas. Small companies and inventors can be assured that they will get the most return from their investment in technology development via patents. It means that they can earn money from their work.

Businesses that have the capacity to:

Protect your innovative products and services.

Enhance the value, appearance, and visibility of your products market;

Make your company and products stand out from others;

Find out about business and technical information.

Beware of accidentally using content from third parties or losing valuable data, creative outputs, or any other outputs that are creative.

Patents convert knowledge of the inventor into an asset that can be sold, that opens new avenues for employment creation through joint ventures and licensing.

Small-scale businesses with patent protection will be more appealing to investors who are involved in the development and commercialization of technology.

Patents can lead to fresh ideas and innovative inventions. This information could encourage innovation and may qualify for protection under patents.

Patents can serve as an obstacle to unscrupulous third parties profiting from an invention’s efforts.

Patent-protected technology revenue that is commercially profitable can be used for financing research and development (R&D) that increases the likelihood for better technology in the future.

You can use the intellectual property rights of your company to convince investors and lenders that your product has real commercial value. Sometimes, one powerful patent can open the door to multiple financing opportunities. Patents and other IP assets are able to be used as collateral or security for debt financing. You may also present investors with your patent assets to boost company valuation. Forbes and others have pointed out that every patent could boost company valuation by anywhere from $500,000 to $1 million.

Start-ups need a well-constructed business plan that leverages the IP to prove that your product or service is distinctive and superior or ingenuous. Investors will also be impressed if your IP rights are secured or are on the verge of being secured, and they support your business strategy.

It is crucial to keep your invention secret until you file to protect it with patents. The public disclosure of an invention prior to its filing frequently degrade its originality and make it patent-infringing. Thus, prior filing disclosures (e.g. for test-marketing, investors, or other business partners) should only be filed following the signing of a confidentiality agreement.

There are many kinds of patents, and understanding the different types is crucial to protect your invention. Patents for utility cover techniques and machines. Design patents cover ornamental designs. Patents for utility are the most effective as they protect the proprietor from copycats and other competition. Patents for utility are usually issued to improve or alter existing inventions. Utility patents also cover improvements and changes in existing inventions. For example, a process patent will cover acts or methods of doing an action, while chemical compositions are the combination of ingredients.

What is the length average of a patent? Although utility patents last up to 20 years from their initial filing, they may be extended by delays at the patent office.

Are you interested in the patenting of your idea? Patents are only granted to the first-to-file applicants therefore you need to file your patent application quickly. Call PatentPC today to get your patent application filed!

When you are writing a patent application when you are writing a patent application, it is recommended that you conduct an internet search for patents, since the search can provide an insight into the other applicants’ ideas. It will help you reduce the scope of your invention. It is also possible to find out about the state of the art within your field of invention. This will allow you to understand the scope of your invention and help prepare for the filing of the patent application.

How to Search for Patents

The first step to get your patent is to do the patent search. You can do a google patent search or do a USPTO search. Patent-pending is the term for the product covered by the patent application. You can search the public pair to find the patent application. After the patent office has approved the application, you can perform a patent search to find the issued patent, and your product will now be patented. Alongside the USPTO search engine, you can use other search engines like espacenet, which is described below. It is possible to seek help from an attorney who is a patent or patent attorney. In the US Patents are granted by the US trademark and patent office or the United States patent and trademark office, which also examines trademark applications.

Are you looking for similar patents? These are the steps to follow:

1. Create a list of terms that describe your invention based on its purpose, composition, and use.

Write down a brief, but precise description of the invention. Be sure to avoid using terms that are generic such as “device,” “process,” and “system.” Instead, look for synonyms to the terms you selected initially. Then, note crucial technical terms and keywords.

Use the questions below to help you find key words or concepts.

  • What is the objective of the invention? Is it a utilitarian device or an ornamental design?
  • Invention can be described as a method of create something or fulfill some function? Are you referring to an item?
  • What is the composition and function of the invention? What is the physical composition of the invention?
  • What is the goal of the invention
  • What are the technical terms and keywords that describe the characteristics of an invention? To help you find the correct terms, consult a technical dictionary.

2. Utilize these terms to locate pertinent Cooperative Patent Classifications for your invention at the Classification Text Search Tool. To determine the most suitable classification to your invention, scan the classification’s class Schemes (class schedules). Think about substituting the words you’re using to describe your invention if you do not get any results from your Classification Text Search with synonyms like the ones you used in the first step.

3. Go through 3. Go over the CPC Classification Definition to verify the validity of the CPC classification that you have found. The hyperlink to the CPC classification definition will be given when the classification you have selected is a blue square with a “D” on its left. CPC classification definitions will aid you in determining the classification’s boundaries so that you can choose the most relevant. In addition they can provide research tips and other suggestions that could be helpful in further investigation.

4. The Patents Full-Text Database and the Image Database allow you to find patent documents that are accompanied by the CPC classification. You can review and select the relevant patent publications by focusing first on the abstract and drawings representative of.

5. Take advantage of this list of most relevant patent publications to examine each one in depth for any similarities to your invention. Take note of the claims and specifications. There are many patents available by consulting the patent examiner as well as the applicant.

6. Find patent applications published in the public domain using the CPC classification you selected in Step 3 of the Applications Full-Text and Image Database. You can also use the same strategy of searching you utilized in Step 4 to narrow down your search results to the most relevant patent applications by reviewing the abstracts and representative drawings for every page. After that, you must review all published patent applications carefully, paying special attention to the claims as well as other drawings.

7. You can find other US patent publications using keyword searching in AppFT or PatFT databases, and the classification search of patents that are not from the United States according to below. You can also utilize web search engines to search non-patent documents that describe inventions in the literature. For example:

  • Add keywords to your search. Keyword searches may turn up documents that are not well-categorized or have missed classifications during Step 2. For example, US patent examiners often supplement their classification searches with keyword searches. Think about the use of technical engineering terminology rather than everyday words.
  • Search for foreign patents using the CPC classification. Then, re-run the search using international patent office search engines such as Espacenet, the European Patent Office’s worldwide patent publication database of over 130 million patent publications. Other national databases include:
  • Search non-patent literature. Inventions can be made public in many non-patent publications. It is recommended that you search journals, books, websites, technical catalogs, conference proceedings, and other print and electronic publications.

To review your search, you can hire a registered patent attorney to assist. A preliminary search will help one better prepare to talk about their invention and other related inventions with a professional patent attorney. In addition, the attorney will not spend too much time or money on patenting basics.