The Bengaluru-based startup works with its shoppers to ideate and monetize their IP property, in addition to present analysis on the patentability of improvements.
At a look:
Founders: Binod Singh, Ruhan Rajput
The place it’s primarily based: Bengaluru
What do they remedy: A platform that enables researchers to find patented work and supply consulting providers.
Funding: Self-funded
Naveen Kanan is a researcher at Bangalore College finding out electrolyte composition in modern-day lithium-ion panels and determining tips on how to make batteries extra environment-friendly. He wished to know if he might patent his analysis however was confused as to if he needed to method a lawyer or an trade professional. He was desperately in the hunt for a platform that has all the info of worldwide patent analysis, and which might assist him uncover whether or not his analysis may very well be patented or not. That is the place a startup like Einfolge Applied sciences is useful. Based by Ruhan Rajput and Binod Singh in 2014, the agency runs an energetic platform that enables researchers to make use of patent analytics and market analysis fields to assist them uncover their analysis patent-worthiness.
If you’re an astute know-how particular person, you’ll know the significance of submitting a patent and getting it granted. However any technocrat can let you know that submitting a patent will be cumbersome, time-consuming and requires endurance, which suggests you need to spend cash for the perfect IP attorneys. If you’re a brand new startup or a researcher then the likelihood is you might not have an excessive amount of funds. So what if a platform can do that for you and take all of the strain off submitting?
Einfolge’s platform helps shoppers to streamline operations, scale back value and improve enterprise efficiencies by way of its professional options. Say, a startup desires to patent a communication protocol. Einfolge crunches information and is ready to let the startup know whether or not the protocol has already been patented or has related applied science that require some technical solutions. That’s when Ruhan and Binod additionally supply personalized and customized providers within the type of consulting with strict adherence to deadlines.
“We work with varied organizations comparable to startups, pharma firms, SMEs, scientists, the agricultural sector and PSUs by way of customized options in patent and mental property rights (IPR). Ranging from the preliminary analysis to the submitting of the patent is finished by a professional group that understands the hurdles confronted by the startups within the preliminary stage and accordingly tailors options to satisfy their necessities,” says Binod Singh, Co-founder of Einfolge Applied sciences.
In brief, Einfolge performs an important function for all those that take care of improvements and want to shield their IPs throughout the globe.
Ruhan has a background in Pc Engineering and labored incorporates for a decade. He had labored for JP Morgan moreover IT firms like Wipro, and Mastek in Oracle-based database development tasks. He’s the know-how mind behind Einfolge.
Binod has a M Phil diploma in Biotech and additionally a PGD in Patent Legal guidelines from Bangalore College. He labored within the patent sector for 14 years and consulted for unbiased inventors, CEOs of many massive firms and consultants from numerous publicly traded firms and analysis heads of institutes.
Earlier than Einfolge, the duo based a consulting agency referred to as KNOURA. Over a time frame they realized that they needed to productize their information and Einfolge was born in 2014. The phrase Einfolge is derived from two phrases — ‘EINBLICK’, which is the German phrase for perception/intelligence, and ’FOLGE’, which stands for end result.
The platform permits shoppers to do the next:
- Helps shoppers perceive aggressive panorama with fast dashboard and analytics.
- Helps them ideate, innovate, shield and monetise their IP property.
- Offers help by means of session to shoppers in each step, from scrutinising the supply of their innovation to securing From pre-filing, post-filing to put up grant dated. They supply them a totally built-in resolution.
- Conducts analysis on the patentability of varied improvements.
The founders level out that the startup offers confidentiality of information nice significance. “Our platform offers with plenty of confidential information and is securely delivered to the consumer,” says Binod.
The enterprise
The enterprise mannequin for the corporate is the price of utilizing the platform, which is pay per question after which the consulting payment. The corporate additionally fees a yearly retainer payment for organisations with long-term improvements.
By way of progress, the agency will likely be doubling their manpower, from the present variety of 30, within the subsequent two years. It desires to focus extra on new areas comparable to South Korea, China and Japan.
instance of Einfolge’s work can be with an Australian manufacturing firm that got here to them as they had been sued for infringement by a multi-billion-dollar US firm. Einfolge gave them an answer with detailed infringement research and probing information showcasing that the Australian firm had not infringed on any of the US firm’s product. The Australian firm used the info within the US courtroom the US-based MNC needed to admit that it made a mistake and went for an out-of-court settlement of the case. Einfolge’s consumer saved tens of millions of {dollars} from that.
A few of their massive Indian shoppers are Navratna Oil Firm and ONGC. The latter used Einfolge to guard improvements on 126 merchandise.
The startup has invested a seed capital of Rs 2 crore and has crossed Rs 7 crore in revenues. It has on-boarded 150+ shoppers and has been worthwhile because the first yr itself.
In India the corporate competes with all legislation companies and Mind League IP Providers. However the founders say that its product-led options offers it an edge over the others.
About the Einfolge:
