Have a Patent? Now You Can Sell It to Google.

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
1 min read
This story originally appeared on Reuters

Google Inc said it would launch an experimental portal that allows interested patent holders to sell their patents to the company.

Patent holders can tell Google about the patents they're willing to sell and the expected price through the portal, the company said on its blog.

The Patent Purchase Promotion program will remain open from May 8 to May 22, the company said on Monday.

Google said it will let the submitters know of its interest in buying their patents by June 26 and expects to pay the sellers by late August.

(Reporting by Subrat Patnaik in Bengaluru; Editing by Sriraj Kalluvila)

More from Entrepreneur

We created the Start Your Own Business (SYOB) course to help you get started on your entrepreneurial journey. You will learn everything you need to know about testing the viability of your idea, writing a business plan, raising funds, and opening for business.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur