Funding Louisiana Startups

Catalyst Fund Leads New Round Of Financing For Patent Dive

Startup That Makes Patents Easier For Startups Closes New Funding

patentdive-funding-top Catalyst Fund Leads New Round Of Financing For Patent Dive

Dr. Eric Leininger started Patent Dive to help other startups navigate the world of patents. Patents can be overwhelming for a young company, and quite costly if you don’t know what you’re doing.

For many, their first patent requires reams of paper work, and constant back and forth requests, by mail nonetheless, from the US Patent and Trademark Office (USPTO). This makes the process tedious and time consuming. That time, for many entrepreneurs, could be better spent on product development and getting their products to market.

While helping startups and entrepreneurs prepare patent applications, Leininger realized that not only was the process difficult, but it was also difficult for entrepreneurs and startup founders to effectively communicate about their invention. That’s why he developed PatentDive.

PatentDive is a software that helps facilitate better communication, which speeds up and helps alleviate the pain of the patent preparation process.

PatentDive starts with an easy to understand assessment of what kind of patent an entrepreneur may need. Their are two categories, Appearance and Functionality.  The platform explains that appearance dictates a design patent to protect the appearance and shape. If it’s functionality the startup is looking to protect, PatentDive points you towards a utility patent.

From there, PatentDive takes the user to a patent application engine. The Patent Application Builder, guides entrepreneurs and startup founders through each step of the design patent application process. The application builder gives instructions and answers questions along the way. The company suggests that most design patents can be done in under an hour.

Most VC firms would recognize the value of Patent Dive immediately. Such is the case for the team at the Catalyst Fund in New Orleans, also home to the startup. The Catalyst Fund led an undisclosed round of financing for PatentDive

“The importance of securing patent protection on an invention cannot be overstated, but the traditional patent process is so complicated, expensive and time consuming that it is often dismissed by many entrepreneurs, “Louis Freeman, CEO of The Catalyst Fund told the New Orleans Advocate.

Check out PatentDive for yourself, here.