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IMPORTANCE OF PATENT FOR
STARTUPS
-Inolyst
CONTENTS
• Why patents for Startups?
• Startup patent strategy
• Protect your invention
• Financial support
WHY PATENTS FOR STARTUPS?
Startups have come to be known for their creative vibrancy and their
relentless pursuit towards something new and different.
When you are starting a technology company, there are so many aspects of
business that you have to look into, that often the attribute of intellectual
property is overlooked as a future criteria. It is very essential for an early stage
startup to identify key issues and milestones hidden in the IPR of your product.
This will help you as a founder to plan a cost effective strategy around it.
Therefore founders today understand the importance of patent, which is an
asset creation for the business as a whole.
STARTUP PATENT STRATEGY
A startup patent strategy revolves on certain criteria’s like:
• Prevent the competitors in the market from copying the invention.
• Enhancement of the company reputation amongst the customers or
creation of brand value
• Improve company valuation while raising venture capital
• Increases chances of strategic M&A or licensing with partners
PROTECT YOUR INVENTION
When the protectable piece has been identified and a decision to go for
patent has been made, it is often best to file a provisional patent application.
In case a startup runs on a tight budget, this becomes the most cost-effective
tool for securing the earliest priority right to the invention, which becomes
important for long term gains.
FINANCIAL SUPPORT
The importance of filing patent has also been observed by developing
countries like India. Only last year the government introduced financial aid to
technology based startups that were willing to file international patents. The
scheme gives up to half the expenses for filing patents. The plan also talks
about re-funds on the legal expenses borne by the company or individual
during filing. The ability to identify and protect your IPR directly reflects on
investor confidence, resulting access to capital available to technology
startups.
So, if you have a query and feelings lost, about getting started with filing
patent, get in touch with Inolyst and we will help you build an effective
patent portfolio.

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Importance of patent for startups

  • 1. IMPORTANCE OF PATENT FOR STARTUPS -Inolyst
  • 2. CONTENTS • Why patents for Startups? • Startup patent strategy • Protect your invention • Financial support
  • 3. WHY PATENTS FOR STARTUPS? Startups have come to be known for their creative vibrancy and their relentless pursuit towards something new and different. When you are starting a technology company, there are so many aspects of business that you have to look into, that often the attribute of intellectual property is overlooked as a future criteria. It is very essential for an early stage startup to identify key issues and milestones hidden in the IPR of your product. This will help you as a founder to plan a cost effective strategy around it. Therefore founders today understand the importance of patent, which is an asset creation for the business as a whole.
  • 4. STARTUP PATENT STRATEGY A startup patent strategy revolves on certain criteria’s like: • Prevent the competitors in the market from copying the invention. • Enhancement of the company reputation amongst the customers or creation of brand value • Improve company valuation while raising venture capital • Increases chances of strategic M&A or licensing with partners
  • 5. PROTECT YOUR INVENTION When the protectable piece has been identified and a decision to go for patent has been made, it is often best to file a provisional patent application. In case a startup runs on a tight budget, this becomes the most cost-effective tool for securing the earliest priority right to the invention, which becomes important for long term gains.
  • 6. FINANCIAL SUPPORT The importance of filing patent has also been observed by developing countries like India. Only last year the government introduced financial aid to technology based startups that were willing to file international patents. The scheme gives up to half the expenses for filing patents. The plan also talks about re-funds on the legal expenses borne by the company or individual during filing. The ability to identify and protect your IPR directly reflects on investor confidence, resulting access to capital available to technology startups.
  • 7. So, if you have a query and feelings lost, about getting started with filing patent, get in touch with Inolyst and we will help you build an effective patent portfolio.