Legalicity is the maker of NLPatent, an online tool that uses AI to evaluate the patentability of new ideas. Our ultimate goal is to predict the success of patent applications.
There are over 3,000,000 patent applications filed each year around the world, and that number is growing. But many of these applications are rejected, often because the proposed invention is too similar to existing technology. That means a lot of resources are wasted on unsuccessful applications, since getting a patent is very costly and time-consuming. NLPatent uses state-of-the-art Machine Learning and Natural Language Processing (NLP) techniques to evaluate the patentability of new ideas. This helps companies and inventors decide whether an invention is worth pursuing.
September 2017: completed prototype with a subset of patent data
November 2017: – completed beta testing with several IP firms and an R&D department
Patent lawyers/agents, R&D departments, national patent offices, universities, patent search companies, individual inventors