At the Wearable Technology Conference in Sunnyvale, California.
Clear IP today announced a successful $1.1m in Seed Round funding to aid founders and entrepreneurs in protecting their valuable intellectual property.
Clear IP, a technology platform supporting idea capture and strategic IP workflows, combines an expert team, a dedicated Idea Capture app and online IP Manager to securely and efficiently move innovators from idea to a complete US patent filing.
The Seed Funding was achieved through a portfolio of Institutional, Family Offices, Angels and Angel Investment groups.
“We saw the pressures traditional patent filing placed on early-stage start-ups and founders, so we built Clear IP to give entrepreneurs the ability to protect their ideas for a fraction of the time and cost,” said Jim Joyce, Co-founder and CEO of Clear IP, “We are thrilled to move into this next stage to aid even more innovators transform their ideas into intellectual property”.
Director of Research and Development and Co-Founder, Richard Shattock, PhD, commented, “The Seed Funding has been instrumental in our ability to file patents both with accuracy and efficiency. We are at an exciting phase to expand our patent capabilities further shortening filing timelines through technological advancements and automation allowing us to serve more innovators worldwide.”
“We were delighted to have Clear IP speak at this year’s conference and to our wearable community on their novel approach to patent filing. Capturing, evaluating and filing high-quality IP is one of the biggest challenges our community faces, as they invent and bring important wearable innovations to market.” said Christian Stammel, CEO, Wearable Technologies.
The company’s founders recognized that startups that file early gives them an advantage to scale and succeed in a highly competitive and fast paced market. According to an October 2023 EPO and EUIPO Study, startups with patents and trademarks are up to 10x more likely to secure financial investment and more likely to achieve a successful exit.
