1 iconPatentraise Submission

dot circle icon Independent Inventors, Teams and Companies submit draft patent applications with the relevant accompanying drawings and outlining documents of their inventions.

dot circle icon Applicants submit a non-sensitive overview of the patents for investors to see, with an accompanying biography and CV.

dot circle icon Upon submission, applicants select relevant patent attorney’s partnered with Patentraise to work with on their patent filing.

2 iconClarifying Terms For Investors

dot circle icon The inventor(s) lay out their terms of the Patentraise for instance in the event the patent bearing fruit, the inventor will pay back the investors for the investment total plus interest.

dot circle icon In the event the patent does not bear fruit, the inventor must pay back the investors with ownership of the patent, and if agreed, additional capital, or sell the patent on the investors’ behalf.

dot circle icon The inventor(s) are able to add additional terms at their discretion to achieve a succesful Patentraise.

3 iconAttorney Review & Approval

dot circle icon On approval of a patent submission by PatentRaise, selected patent attorneys are able to review and approve applications based on their chance of success.

dot circle icon The patent attorney submits a lump sum fee for services to the applicant(s) - negotiable or non-negotiable subject to the attorney.

dot circle icon The applicant selects from the patent attorney(s) that have approved his/her patent application for and agrees on the fee with the attorney. The patent attorney does not begin any work at this stage. The agreement is for future services based on the agreed amount for the patent filing being raised.

dot circle icon The applicant is now a listed inventor on the site. He/she approves the final draft of the patent to be shown on the site - with the accompanying funding figure which covers all fees to file the patent.

3 iconReaching Funding Targets While Retaining IP

dot circle icon Investors on the platform give a short bio including their business history and prior investments. Inventors and teams can reach out to investors and vice versa.

dot circle icon Inventors and teams can approve or deny investors to see further information of patents based on the inventor's bio’s and any communication. They can also choose to share full patent information only once a smaller, initial investment has been made to the project to build trust.

2 iconWork On The Patent Application

dot circle icon Once the PatentRaise investment goal is reached, the patent attorney receives payment per agreed terms and begins work on the patent.

dot circle icon Investors will be kept abreast of developments, timeframes and conditions of success and failure.

2 iconApproval, Business Expansion

dot circle icon Once the patent is filed, full ownership of the patent goes to the inventor for a predetermined time period, for instance 5 years in order for the business to repay the cost of the patentraise plus interest. This may also include equity and or a share of the patent at the inventor's discretion.

dot circle icon In the event of a failed filing, investors may renegotiate for better terms and inventors may resubmit. Alternatively if instruments such as personal guarantees are given, investors may seek to reclaim funding.