Patent research company Article One Partners (AOP) has paid $2 million to its global network of researchers since its inception.
This network consists of experts, patent researchers, scientists and technologists who source IP intelligence such as prior art for AOP’s clients. Researchers are financially rewarded based on the quality of their findings.
On average, AOP researchers receive between $5000 and $10,000 per award. One researcher has been paid more than $75,000 for her work.
Cheryl Milone, chief executive officer and founder of AOP, described the researcher network as a “virtuous circle”.
“Our crowd-sourced community of researchers takes the complications out of the patent system and is compensated for it based on merit,” she added. “Many researchers’ lives are being changed in the process. The level of trust in the AOP community mirrors the optimism represented by the act of invention itself.”