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Patent 10 minutes: Patents and start-ups

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This series of guide is specially catered for start-ups which would like to move forward with BIG ideas. With this compendium, we hope to rev up your IP knowledge in just 10 minutes. Each Patent 10 ...

This series of guide is specially catered for start-ups which would like to move forward with BIG ideas. With this compendium, we hope to rev up your IP knowledge in just 10 minutes. Each Patent 10 minutes guide consists of 10 slides - one brand new topic every week. Check out facebook.com/patsnap.

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Patent 10 minutes: Patents and start-ups Patent 10 minutes: Patents and start-ups Presentation Transcript

  • Patent and start-ups - Shall we patent?
  • Overview • What is Intellectual Property (IP)? • What is patent? • What are the different types of patents? • Why should you patent? • Why should you not patent?
  • What is IP? Patents Trademarks Copyrights Intellectual Property (IP)
  • What is Patent? Exclusive Protection right for PATENT for 20 your years invention Invention is a product or a process that provides a new way of doing something, or offers a technical solution to a problem.
  • What is Trade Secret? Gives economic TRADE Efforts to value from maintain its SECRET not secrecy disclosing to public Do you know? Trade secret can dovetail patents. For instance, after filing for a patent application, improvements made to the invention can be kept as trade secret.
  • To Patent or Not to… Patent Trade Secret • Guaranteed 20-year of • Need not be disclosed to monopoly the public • Powerful legal deterrent • No expiry date against copycats (vs 20 years for patent) • Adds value to business and • Relatively inexpensive attracts investors • Applies to items that cannot be patentable
  • What can a Patent do for You? • Sole right to your invention • Competitive advantage in the market • License your patent rights
  • Types of Patent Utility Patent Design Patent Plant Patent - Useful purpose - New and Characteristics - Produced from original shape of a new plant human activity - Superficial that has been (not a product treatment of an asexually of nature) article reproduced
  • Now that you know what Patent is…. What is ?
  • Why Start-ups Patent? Maintain • Patents prevent others from copying and selling your invention competitive prices • You get to set the price for your invention Generate licensing • Significant incentives for your company, even when your company does not have the know-how, resources, or desire revenue to practice in a different geographic market Secure investments • Patents increase the company’s worth or assets and financing • Indicates operational competence of the firm’s management • Exclusive rights that are publicly known Substitute for NDA • Less concern whether the information is stolen • Personifies that your product is novel Vanity • Offers credibility that the product has met the stringent requirements of the patent offices
  • Why Start-ups don’t Patent? • Many think that their invention has already existed and Product is “not” therefore, not patentable patentable • In fact, savvy inventors know that there are many ways to repackage old inventions • Limited IP budget and resources to start with High Costs • Afraid of running into infringing situations • Especially for software industries, where it’s easy to snake Weak Protection around the current designs • Some companies believe that copyrights and trademarks Other forms of are sufficient, which is not true protection • Best if patent the invention and keep the “secret sauce” a trade secret
  • About IP guide for Start-ups Visit www.facebook.com/patsnap for your weekly dose of Intellectual Property guide for early ventures, written by PatSnap’s PaTENt minutes’ team. Rev up your IP knowledge in just 10 minutes. Each Patent 10 minutes guide consists of 10 slides.