The January 2006 issue of Kiplinger’s magazine contain some interesting data on patents derived from the International Journal of Entrepreneurship and Innovation. Here are some of the data:
- $500 – the cost of filing a utility-patent application including filing, search and examination fees
- %700 – amount you pay when the patent is issued
- 30 – average number of months it takes for a patent to be granted after an application is filed
- 53% – percentage of investors who generated sales from inventins they marketed
- 57% – percentage of investors who sold their invention for a profit
