IVC estimates an idea's value by calculating the sum of royalties from a valid patent. This method assumes patent value is equal to the value of the idea.
If you're an innovator or an inventor, you're likely interested in figuring out the value of your ideas. Fortunately, the Idea Value Calculator (IVC) software can help you do just that. With IVC, you can easily estimate the value of any idea to determine whether it's worth pursuing or not.
The value of an idea, according to IVC, is equal to the sum of all royalties that would be collected on an equivalent valid patent based on that idea. This calculation method assumes that the patent would be valid throughout its entire lifespan.
However, if you need to estimate the value of an idea under the assumption that the equivalent patent would be invalid after a certain number of years, IVC allows you to adjust the term accordingly to calculate the idea's value in this scenario.
In addition to estimating the value of your ideas, IVC allows you to take notes about each idea, including its history, development, and any related documents. This feature can help you stay organized and keep track of your progress as you work on developing and monetizing your ideas.
Overall, the Idea Value Calculator is a valuable tool for innovators and inventors who want to determine the potential value of their ideas and keep track of their progress along the way.
The value of an idea, according to IVC, is equal to the sum of all royalties that would be collected on an equivalent valid patent based on that idea. This calculation method assumes that the patent would be valid throughout its entire lifespan.
However, if you need to estimate the value of an idea under the assumption that the equivalent patent would be invalid after a certain number of years, IVC allows you to adjust the term accordingly to calculate the idea's value in this scenario.
In addition to estimating the value of your ideas, IVC allows you to take notes about each idea, including its history, development, and any related documents. This feature can help you stay organized and keep track of your progress as you work on developing and monetizing your ideas.
Overall, the Idea Value Calculator is a valuable tool for innovators and inventors who want to determine the potential value of their ideas and keep track of their progress along the way.
What's New
Version 1.2: N/A