NLPatent
Derrick Milne is an accomplished investor and director with extensive experience in various companies since 1995. Currently serving as an investor and director at Omnify, Cence Power, Inmotive Inc., and NLPatent, Derrick is also a member of the investment committee at GreenSky Capital Inc. since 2019. Derrick's previous roles include CEO of Trimark Sportswear Group and CEO of the Apparel Division at Polyconcept North America. Derrick holds an MBA from Harvard Business School, earned between 1984 and 1986, and has been actively involved in investment initiatives for multiple funds, displaying a strong track record in the venture capital space.
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NLPatent
NLPatent is a next gen patent search platform used by Am Law 100 firms & Fortune 500 companies. Unlike traditional methods, it leverages Artificial Intelligence to generate high-quality results immediately, eliminating the need to go through pages of irrelevant results. Our clients are using NLPatent as a launch pad for all of their prior art searches, incorporating our platform into some of their core business activities, such as R&D, patent drafting, and litigation. --- Patents as Business Assets Less than 5% of all patents have any commercial value. Despite that, millions of new patent applications are filed worldwide each year, and the average cost of securing a patent is around $15,000. But if 95% of all patents are unprofitable, that means billions of dollars are wasted. Conversely, a tiny fraction of patents generate over $180 billion in licensing fees annually, and damages awards for patent infringement can exceed $1 billion. So in a way patents are like very expensive lottery tickets. NLPatent increases your chances of winning by helping you assess whether an idea is revolutionary - or trivial - so you can make the right business decisions.