Kyle
A very promising startup in Huntsville Alabama has released a professional version of their patent product called Arch Patent. Arch Patent is a product catered to startup founders, inventors, lawyers and corporate R & D departments.
According to founders Tony Rainoldi and Jason Martin, who are both graduates of UA Huntsville, say that their product simplifies patent research.
Most investors, lawyers, and founders are relying on free search tools and even Google to do vital research on intellectual property and patents, that could, down the road, lead to a ton of legal problems. The Arch Patent product has fees associated with it, but it’s much more affordable than hiring a patent research firm.
“We found that people were relying on free search tools offered by Google and other, but were frustrated that they didn’t do enough. They had lots of ideas about what functionality they needed to save time and money. We set out to build the best patent search tool available,” Martin said to AL.com
Arch Patent has other advantages too. One of those is the ability to search patents dating back to 1920. Other patent searches only go back to 1976. Arch Patent will eventually grow to be part of what the two co-founders are calling the Arch IP Global Marketplace.
Rainoldi and Martin are using $25,000 in seed money that they recently won in the Alabama LaunchPad Business Plan Competition. There were three UA Huntsville entrants in the competition. Of the three, Arch Data Intelligence was the only one to make it to the pre-seed or proof of concept stage. They then advanced to the next field where they took part in sharing a $100,000 seed money prize.
Linkage:
Find out more about Arch Data Intelligence here
Source: AL.com
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