Q: What is Archimedes’ Offspring (AOS)?
A: It’s a trust set up for the benefit of the Invention Investment Families
Q: How does AOS get money for inventors?
A: We raise money from investors who, in the case of AOS-sponsored IIFs, are ordinary folks like you and me.
Q: How much money can I get?
A: Depending on the quality and market potential of an invention, up to $75,000
Q: Do I have to pay the money back?
A: Depending on the option you choose, you may or may not be required to pay the amount back.
However, in every case, including those where a “bridge loan” is chosen, you will be required, as a condition to receiving the loan and as security for the loan, to temporarily assign a portion of the ownership of the invention and its related intellectual property to AOS.
On average, if you draw down the full $75,000, such transfer would result in anywhere from 20% to 30% ownership by AOS.
Q: Is there cost to apply to receive money?
A: Yes, there’s a $25.00 non-refundable application fee.
Q: How do I apply if I want money?
A: You go through the AOS Vetting Process. Check the “Inventor” page on the AOS website for more details.
Q: What do I have to provide to apply for the Vetting Process?
A:
$25.00 application fee
A completed Vetting Application Form (see the “Inventor” page on the AOS website for an explanation)
A comprehensive professional patent and product search
An evaluation by a USPTO-registered patent attorney of the patent search results for (i) non-infringement, and (ii) patentability.
See the AOS website for more details
Q: What qualifies as a “comprehensive” professional patent and product search?
A:
A search of the USPTO patent database by “classification”
An international search
A product search (i.e., all products, regardless of whether or not covered by a patent anywhere in the world)