Protect Before You Pitch (MichBio)
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Learn about the dangers of public disclosure and the critical steps to take to protect your idea before pitching or approaching investors.
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Protect Before You Pitch (MichBio)
- 1. Protect Before You Pitch / AMA ASHLEY SLOAT, Ph.D. | September 18, 2023 This presentation is for information purposes only and does not constitute legal advice.
- 2. Big Quality for Small Startups. Patent Drafting Prosecution Portfolio Strategy Prior Art Searching Maintenance Competitor Monitoring www.aurorapatents.com
- 5. limited monopoly of 20 years in exchange for publication of the invention, to promote the progress of the useful arts Patent: THEN share: Part of your advantage is that you’re a first mover, doesn’t mean publish to the world but share to get feedback, recruit, refine, and advance
- 6. First (Inventor) to File B WINS! File early and often! A invents B invents B files A files
- 7. When should I file a patent application? Before public disclosure • Before presenting or publishing your patent–ready invention • Before responding to an RFP if the technology is patent-ready • Before selling or offering for sale your technology
- 8. When should I file a patent application? Before selling Not an offer for Sale • Advertising a product not yet developed • Pre-announcing a product • Transferring technical knowledge about a process • Manufacturing agreements • “Experimental” use Likely an offer for sale • Licensing agreements • Performance of services related to a product • Providing technical drawings to a potential licensee • Unaccepted/cancelled orders • Secret sales
- 9. But, But, But... if you publicly disclose: • One-year grace period: • U.S. • Brazil • Australia* • Canada* • S. Korea • Mexico • 6-month grace period: • Japan* • No grace period: • China • Europe • India * Prior to International Filing
- 10. Questions or Comments? Contact us! ashley@aurorapatents.com (231) 715-1001 aurorapatents.com @AuroraPatents New podcast @ patentlystrategic.buzzsprout.com