An app that extracts chemistry-centric data from patents in a ...

...structured, machine readable format.

Confidence
Engagement
Net use signal
Net buy signal

Idea type: Minimal Signal

There’s barely any market activity - either because the problem is very niche or not important enough. You’ll need to prove real demand exists before investing significant time.

Should You Build It?

Not yet, validate more.


Your are here

Your idea for an app that extracts chemistry data from patents falls into a niche area where market activity is minimal. With only two similar products found, the confidence in assessing demand is low. The engagement, gauged by the average number of comments on similar products, is also low. Given this "Minimal Signal" category, it's crucial to validate the need for this app before investing significant time and resources. There is interest in patent data solutions in general, but you need to prove your specific value proposition is compelling.

Recommendations

  1. Engage in online communities, such as chemistry or patent-focused forums and subreddits. Clearly articulate the problem your app solves and gauge interest by highlighting specific pain points your app addresses in extracting and structuring chemistry data from patents. Don't just ask if people want it; present a real problem and your proposed solution.
  2. Offer to manually extract and structure chemistry data from a few patents for 2-3 potential customers. This hands-on approach helps you understand their exact needs and validate the core value proposition of your app. Document the time saved or the insights gained through this process to quantify the app's potential benefit.
  3. Create a concise explainer video showcasing the app's functionality and the benefits of structured chemistry data from patents. Track how many people watch the video in its entirety, as this indicates genuine interest. Pay close attention to the segments where viewers drop off to identify areas for improvement in your messaging.
  4. Gauge commitment by asking for a small deposit to join a waiting list for your app. This filters out casual interest and identifies individuals who are serious about using your solution. Be transparent about the app's current stage of development and the expected timeline for release.
  5. Based on the discussions in similar products, be prepared to answer questions about global tracking capabilities, data update frequency, language support and integration options. These features appear to be important for potential users, so prioritize them in your development roadmap and communication strategy.
  6. If you cannot secure at least 5 genuinely interested individuals within 3 weeks, critically reassess your idea and its market fit. It's better to pivot early than to invest significant time and resources into a product with limited demand.

Questions

  1. What are the current manual methods used to extract and structure chemistry data from patents, and what are their limitations in terms of time, accuracy, and scalability?
  2. How will you differentiate your app from existing patent search APIs and tools, specifically in terms of chemistry-specific data extraction and structuring capabilities?
  3. What specific types of chemistry data (e.g., chemical structures, reaction conditions, experimental results) will your app extract, and how will you ensure the accuracy and reliability of this data?

Your are here

Your idea for an app that extracts chemistry data from patents falls into a niche area where market activity is minimal. With only two similar products found, the confidence in assessing demand is low. The engagement, gauged by the average number of comments on similar products, is also low. Given this "Minimal Signal" category, it's crucial to validate the need for this app before investing significant time and resources. There is interest in patent data solutions in general, but you need to prove your specific value proposition is compelling.

Recommendations

  1. Engage in online communities, such as chemistry or patent-focused forums and subreddits. Clearly articulate the problem your app solves and gauge interest by highlighting specific pain points your app addresses in extracting and structuring chemistry data from patents. Don't just ask if people want it; present a real problem and your proposed solution.
  2. Offer to manually extract and structure chemistry data from a few patents for 2-3 potential customers. This hands-on approach helps you understand their exact needs and validate the core value proposition of your app. Document the time saved or the insights gained through this process to quantify the app's potential benefit.
  3. Create a concise explainer video showcasing the app's functionality and the benefits of structured chemistry data from patents. Track how many people watch the video in its entirety, as this indicates genuine interest. Pay close attention to the segments where viewers drop off to identify areas for improvement in your messaging.
  4. Gauge commitment by asking for a small deposit to join a waiting list for your app. This filters out casual interest and identifies individuals who are serious about using your solution. Be transparent about the app's current stage of development and the expected timeline for release.
  5. Based on the discussions in similar products, be prepared to answer questions about global tracking capabilities, data update frequency, language support and integration options. These features appear to be important for potential users, so prioritize them in your development roadmap and communication strategy.
  6. If you cannot secure at least 5 genuinely interested individuals within 3 weeks, critically reassess your idea and its market fit. It's better to pivot early than to invest significant time and resources into a product with limited demand.

Questions

  1. What are the current manual methods used to extract and structure chemistry data from patents, and what are their limitations in terms of time, accuracy, and scalability?
  2. How will you differentiate your app from existing patent search APIs and tools, specifically in terms of chemistry-specific data extraction and structuring capabilities?
  3. What specific types of chemistry data (e.g., chemical structures, reaction conditions, experimental results) will your app extract, and how will you ensure the accuracy and reliability of this data?

  • Confidence: Low
    • Number of similar products: 2
  • Engagement: Low
    • Average number of comments: 2
  • Net use signal: 16.0%
    • Positive use signal: 16.0%
    • Negative use signal: 0.0%
  • Net buy signal: 0.0%
    • Positive buy signal: 0.0%
    • Negative buy signal: 0.0%

This chart summarizes all the similar products we found for your idea in a single plot.

The x-axis represents the overall feedback each product received. This is calculated from the net use and buy signals that were expressed in the comments. The maximum is +1, which means all comments (across all similar products) were positive, expressed a willingness to use & buy said product. The minimum is -1 and it means the exact opposite.

The y-axis captures the strength of the signal, i.e. how many people commented and how does this rank against other products in this category. The maximum is +1, which means these products were the most liked, upvoted and talked about launches recently. The minimum is 0, meaning zero engagement or feedback was received.

The sizes of the product dots are determined by the relevance to your idea, where 10 is the maximum.

Your idea is the big blueish dot, which should lie somewhere in the polygon defined by these products. It can be off-center because we use custom weighting to summarize these metrics.

Similar products

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PATOffice Patent Monitoring & Insights - AI-powered patent insights to fuel innovation & drive growth

PATOffice is an AI-driven platform offering real-time patent insights, competitor monitoring, and collaboration tools. Empower your team to innovate, protect IP, and stay ahead with advanced patent analysis and global trend tracking.

PATOffice's Product Hunt launch has garnered positive attention. Users are impressed with its patent tracking and team collaboration features. There's interest in global tracking capabilities, data update frequency, language support, and integration options.


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