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New Technologies Worth Investing In
Michael J Foycik Jr
by Michael J Foycik Jr.
October 2, 2013

The author is a patent attorney with over 28 years experience in patents and trademarks. For further information, please email at IP1lwyr@gmail.com, or call at 877-654-3336.

You want to find the hot new technologies, and invest in them.  Smart! 

When a techology gets “old” there are too many companies in it, driving down profits.  And, people get tired of new product announcements in old technologies.  For example, when was the last time you got excited about an ad for tires?  Yet there was a time when many people would get excited about such an ad.

So, what's hot?  What has an open field ahead of it?  What has room for growth?  It really is possible to answer those questions, if you know how.  Here are a few tips.

First tip: find a field that has not been updated lately.  If it is in the news every day, though, chances are it is very updated.  For example, solar power is updated.  Cell phones too, and cameras, and televisions sets. 

So what hasn't been updated?  What has a real future?  Easy! 

Tip one: look at change.  For example, natural gas has dropped in price, and vast reserves have been discovered.  This means a sharp downward trend in natural gas prices.  What products will benefit?  We know that natural gas is even safe in the home, so anything goes.  Good fields for investment therefore will be anything that uses natural gas, yet hasn't been widely sold and has few competitors in the field.  If only we could discover what those products are!

It turns out that we CAN find those products.  Specifically, you CAN find what new things use natural gas, which companies are making them, and many other worthwhile details.  Here's how, so keep reading.

You can locate those products and the companies of interest, using patents as your guide.  That's not too hard – you can search on any patent site and limit your search to just the current year and a specific search term.  Easy!  And, issued patents often show the Assignee, i.e. the company that owns it.

Further, once you know your technical area of interest, is the Class/Subclass search.  The issued patents of interest will show their Class/Subclass, and you might want to start with those. 

For more professional help. patent search firms exist, and can do state-of-the-art searches in a very skillful way at relatively low cost.  I've worked with a number of those firms, and have been pleased with the results. 

Further, if you find a game-changing patent and don't know exactly what to make of it all, then you should consider consulting an experienced patent attorney to explain what you are seeing and what it means.  It pays to be ahead of the curve, and it pays to know the risks and potential rewards of a given technology. 

Every case is different, and the above is not legal advice.  To get legal advice, you'd need to consult a patent attorney and discuss the details of the case. 

The author is a patent attorney with over 28 years experience in patents and trademarks. For further information, please email at IP1lwyr@gmail.com, or call at 877-654-3336.
 
 
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