It’s true: Millions of dollars in investment opportunities go to waste on a daily basis. This is happening as opportunities to file for patent rights around the world expire. Let me give you an example that is not so hypothetical.
An inventor makes a good invention and follows all the proper patenting procedures to create an application under the Patent Cooperation Treaty. An advantage of the PCT is that a unitary single application can be filed that is good for over 145 countries worldwide. Additionally, the PCT allows an applicant to delay for at least 30 months before making filings in individual countries. The PCT route is not a procedure for obtaining a single international patent; no such thing exists. Rather, it is a pipeline for the central processing of a single patent application that can be broken up into multiple national patent applications after a 30-month delay. Those national applications under the PCT are called National Entry filings.