Newest Graduate of Elev X! Ignite Venture
Studio Chekable Inc. Utilizes AI to Streamline End-to-End Patent
Filing Processes for Attorneys & Agents
NEC X, the Silicon Valley innovation accelerator backed by NEC’s
advanced technologies, has proudly announced the graduation of
Chekable from its prestigious Elev X! Ignite venture studio
program, in addition to a new investment from NEC X to help scale
Chekable’s transformative AI solution for inventors and patent
professionals.
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Chekable, a transformative AI solution
for patent professionals, graduates from NEC X's Elev X! Ignite
program and debuts platform that revolutionizes the patent filing
process. (Graphic: Business Wire)
Alongside this milestone, Chekable is now offering early access
to its groundbreaking generative AI platform, designed to
revolutionize the patent filing process. The first-of-its-kind
solution automates and streamlines crucial yet time consuming
aspects of patent applications, protection and prosecution, saving
upwards of 70% or more time in drafting documents. This platform
will revolutionize workflows for corporate inhouse IP teams,
boutique patent law practices and multi-practice law firms.
“Chekable’s innovative approach to patent management epitomizes
the forward-thinking innovation we champion at NEC X,” said
Shintaro Matsumoto, President and CEO of NEC X. “Their
comprehensive solution and use of AI redefines the patent process,
making it more efficient and accessible. We expect impressive
results from Chekable, as they continue to enhance and scale their
transformative platform worldwide.”
Currently, the patent application process is notoriously
complex, time-consuming and siloed, resulting in inefficiencies and
delays that can take years to complete a filing. While some
solutions exist, very few cover the entire process. Chekable’s
vision is to offer a comprehensive suite of tools that streamline
the entire patent lifecycle in one end-to-end platform.
Adhering to local jurisdiction language requirements, Chekable’s
advanced solution can accurately and efficiently generate patent
applications, search and monitor potential infringement with robust
semantic search, and even matches patent professionals with
inventors in need of guidance.
Chekable’s co-founder and CEO, Nipun Kumar, understands the
challenges and complexities of filing patents first-hand, having
authored over 60 patents, including numerous AI solutions, for
Fortune 500 companies. Additionally, Chekable’s CAIO and
co-founder, Ashutosh Chapagain, is an NLP specialist having deep AI
and LLM knowledge working with robotic startups and institutions,
such as Indiana University.
“NEC X has been an extraordinary partner, offering us invaluable
resources, mentorship, and unwavering support,” said Nipun Kumar,
CEO and Founder of Chekable. “Their guidance has enabled us to
refine our technology and fast-track our entry into the market.
With NEC X's extensive ecosystem behind us, we are poised to
revolutionize the patent process.”
Chekable joined NEC X’s Elev X! Ignite program in 2023, as part
of cohort Batch 10, having been selected from over 140 startup
applicants based on the founding team's experience and growth
potential. During the program, NEC X provided not only hands-on
support, funding, mentorship and skill-development workshops, but
also involved several NEC overseas research labs to test Chekable's
solution, offering valuable feedback and support for product
development to ensure a market-ready product.
Elev X! Ignite transforms early-stage innovators and founders
into seed-ready startups, offering a distinctive blend of
engineering expertise, strategic collaboration, R&D resources,
and up to $200K in equity funding to help early-stage startups
succeed and grow. During the six- to nine-month program, Chekable
worked closely with NEC X’s engineers, innovation team,
researchers, industry experts, and mentors to validate their
business model, refine their product, and prepare for scalable
market entry. During this process, they’ve worked with numerous
in-house IP teams and patent law firms to gather the requirements,
beta test and workshop their solution for the market.
With the completion of the Elev X! Ignite program, along with
funding and continued support, Chekable is poised for rapid and
significant growth.
To learn more about Chekable and experience their advanced
technology, visit https://chekable.com.
About NEC X
NEC X is an innovation powerhouse and curator of disruptive
startups backed by the global technology leadership of NEC.
Leveraging 125 years of IT and network technologies expertise, NEC
X’s startup-focused approach transforms visionary ideas into
commercial successes that revolutionize how we work and live. Since
its inception in 2018, NEC X has helped launch and grow more than
100 startups.
Their Silicon Valley programs – Elev X! Ignite and Elev X! Boost
– equip early-stage startup founders with the tools to fast-track
their tech development and adoption. Elev X fuels startup success
from inception to launch, connecting innovators with NEC’s 45,000
patents; global network of partners, mentors and advisors; reach
into 55+ international markets; and $8 billion R&D
ecosystem.
For more information, visit https://nec-x.com and
https://www.elev-x.com.
About NEC Corporation
NEC Corporation has established itself as a leader in the
integration of IT and network technologies while promoting the
brand statement of “Orchestrating a brighter world.” NEC enables
businesses and communities to adapt to rapid changes taking place
in both society and the market as it provides for the social values
of safety, security, fairness and efficiency to promote a more
sustainable world where everyone has the chance to reach their full
potential.
For more information, visit NEC at https://www.nec.com.
NEC is a registered trademark of NEC Corporation. All Rights
Reserved. Other product or service marks mentioned herein are the
trademarks of their respective owners. ©2024 NEC Corporation.
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Robert Brownlie Bob Gold & Associates 310-320-2010
necx@bobgoldpr.com