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From Lightbulbs to Billions: The Incredible Power of Patents

By Babak Akhlaghi on July 7, 2023.

Are you curious about the power of patents? In this video, we’ll explore how patent damage awards can reach jaw-dropping amounts. Take a look at the five largest patent damage awards in 2022: you won’t believe what they totaled!

About the Author

Babak Akhlaghi is an adjunct professor at University of Maryland, where he teaches legal aspects of entrepreneurship. Babak is also a registered patent attorney and the Managing Director at NovoTech Patent Firm, where he assists inventors in protecting and monetizing their inventions. He is also a co-author of the "Patent Applications Handbook," which has been updated and published annually by West Publications (Clark Boardman Division) since 1992. One of his distinguished accomplishments involves guiding a startup through the patent application process, which led to substantial licensing opportunities that significantly enhanced the company's strategic value.

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