Hestia Insight Inc. has introduced Pat-Agent, a groundbreaking AI-driven patent service designed to transform how small and medium enterprises (SMEs) file patents with the United States Patent and Trademark Office (USPTO). This innovative service promises to reduce costs by up to 80% and significantly shorten the filing timeline, from two months to just ten days, making patent filing more accessible to over 234,000 SMEs annually.
The confidence in Pat-Agent's effectiveness is underscored by Hestia Insight's decision to use its own service for filing omnibus patents, achieving the promised cost savings and efficiency. An early adopter of Pat-Agent also reported similar success, expanding their patent claims into larger markets and establishing a robust defensible IP moat. This development is particularly timely, as the legal AI market is projected to grow to $10.8 billion by 2030, according to MarketsandMarkets.
Edward Boyle, Chief Strategy Officer at Hestia Insight and the creator of Pat-Agent, shared his motivation behind the service, highlighting the archaic, expensive, and time-consuming nature of traditional patent filing processes. Boyle's experience with over 100 CEOs on AI strategy revealed a universal challenge in IP protection, pointing to a significant opportunity in the underserved SME market.
Pat-Agent leverages AI to analyze thousands of related patents swiftly, generating detailed graphical maps that illustrate a proposed claim's position within the existing patent landscape. The platform offers objective scoring based on USPTO's patentability criteria and predicts the likelihood of Patent Examiner acceptance with precision. This capability is a game-changer, especially considering that about half of patents are currently rejected. Pat-Agent can analyze an Examiner's report and file amendments in days, not months, at a fraction of traditional costs.
For more information on Hestia Insight Inc. and its filings with the Securities and Exchange Commission, visit http://www.sec.gov. This launch marks a significant step forward in making patent filing more accessible and affordable for SMEs, potentially reshaping the landscape of intellectual property protection for smaller businesses.
