Hey Everyone! We are Loci, a search engine company focused on discovering novelty and indexing the world's inventions and ideas on a Blockchain! The global invention process is fundamentally flawed, which creates a chaotic and risky innovation landscape characterized by wasteful research and development spending. This process, convoluted and fraught with expense, inherently stifles progress. Legally protecting an idea is essential, but the patent process is difficult and expensive, and many investors are forced to go straight to market or never follow through their invention. Globally, over $1 trillion is wasted in R&D spending each year because of outdated global intellectual property laws and processes. This wasted productivity accounts for nearly 80% of the global R&D budget. From patent attorneys to inventors, to corporate analysts, there is a widespread need for the ability to quickly and comprehensively search the intellectual property landscape. Loci exists to solve that problem. Current tools for patent research are difficult to use, not precise enough in their search mechanisms, expensive, limited to outdated data, and do not deliver comprehensive results. Loci addresses these problems with a context based search tool from an expansive database that shows results in a simple and intuitive Venn diagram. By mapping the known, Loci can begin to fill in the “unknown," or in many cases, the “didn't realize it was known." Loci analyzes the trends of research, how users find what they are looking for, and trains our patented machine learning process to continue the momentum of research. What Loci gets back is a comprehensive map of all known patents and relevant information. When its queries fail, this map helps reveal the expanses of the unknown and unexecuted ideas and inventions. Loci then applies this approach to look back at older technologies and attempts to find trends into what might happen next.
Loci and its patented technologies are poised to change the way the world invents, and the value of an idea as a whole.
If you have an idea you want to check its novelty, use our contextual search engine to discover if you are the first person to think of it here: http://innvenn.com.
Feel free to ask us any questions and follow us on twitter @Loci_io.
