Project description
A big boost for the next generation of innovators
With innovation and research funding proving to be greatly beneficial to both economies and societies, the EU as well as other parties want to take advantage of this opportunity. Approximately 3 million patent applications are filed each year worldwide, and the numbers are on the rise. In recognition of the benefits provided, the EU through its Horizon Europe programme is investing EUR 100 billion into funding them. Unfortunately, patent filing costs remain high and complicated, obstructing many from participating. The EU-funded Patwiser project aims to develop a novel patent drafting tool utilising state-of-the-art AI algorithms to include even more innovators and inventors.
Objective
The EU’s next innovation and research funding programme, Horizon Europe, will invest €100 billion of public money into research and innovation projects, and the commercialization process will be vital in enabling EU citizens to enjoy the social and economic benefits of this enormous investment. More than 3 million patent applications are filed annually worldwide, a figure that is increasing by approximately 8% each year. Despite this vast number of applications, the cost of filing a patent remains a substantial barrier to individual inventors, universities and research centres, and early stage SMEs who are pre-investment or have raised only a small seed round to fund initial product development.
Patwiser is a revolutionary patent drafting tool powered by cutting-edge AI algorithms that enables inventors and innovators to draft their own high-quality patent applications and patent attorneys to produce first-draft applications in 30% of the time for a manual drafting process. Patwiser’s simple workflow enables frictionless input of the key inventive concepts and experimental data, from which the user can generate a broad and relevant claim set in a semi-automated fashion. The software then uses advanced AI to automatically generate the other sections of the application in a format approved by the European Patent Office (EPO) based on analysis of a large database of applications in the same technical field. Patwiser will provide cost-effective access to the patent system to all and foster innovation across the EU.
The Phase 1 project aims to provide a full technical and commercial feasibility assessment including planning pilot demonstrations of the software and defining the go-to-market strategy. The subsequent Phase 2 project will aim to optimise the algorithms and localise the software, finalise the UX design, perform pilot demonstration and validation activities with potential clients and execute the communication and digital marketing strategy.
Fields of science
Programme(s)
Funding Scheme
SME-1 - SME instrument phase 1Coordinator
35002 LAS PALMAS DE GRAN CANARIA
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.