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Patent Strategy for Startups, Hardware Workshop SF 2015
The document discusses the patent strategy for startups, emphasizing that patents can serve as growth tools rather than liabilities, and highlights their roles in acquisition, capital raising, and competition deterrence. It covers the complexities of patentability and infringement, stressing the importance of strategic planning before execution in the patenting process. The document also outlines the patent application timeline and budgeting considerations for a patent portfolio.
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Patent Strategy for Startups, Hardware Workshop SF 2015
- 1. Patent Strategy forStartups Peter Miller 17 September 2015 VORKSHOP VAREHARDV V
- 2. why what when how of patent strategyfor startups.The
- 3. 1) Patents area time sink. 2) Patents are a money pit. 3) Everyone else has patents but us. Patents suck.
- 4. Startups use patentsto: 1) drive acquisition; 2) raise capital; 3) gain leverage; and 4) deter lawsuits. Patents are tools.
- 5. Can startups alsouse patents to: 1) generate licensing revenue? 2) stop competitors? Did I miss anything?
- 6. The two facesof patent law. patentability infringement 1) 2) of a new concept of another patent
- 7. Case study. Arthur W.Savage ‘radial tire’ John Boyd Dunlop ‘pneumatic tire’ Q: Who can make a pneumatic radial tire?
- 8. Case study. A: Neither. Q:Who can make a pneumatic radial tire? patentability infringement ‘The invention is distinguishable from the prior art.’ ‘A product contains all elements of an independent claim in a patent.’
- 9. So what? ‘Have youidentified innovative technologies and taken steps to protect them?’ ‘Do your closest competitors have any patents that you may infringe?’ patentability infringement Investors care about both of these issues.
- 10. How to handlethe question.infringement Don’t.
- 11. ~3,500,000 enforceable patents ~3,500 patents in your space ~35 relevant patentsby key competitors If you must search…
- 12. 35 20 1 founder: $0 patent firm:$2k If you must search… infringement specialist: $20k
- 13. Example 1. A CEOand CTO walk into a patent firm. CEO + CTO: “Patent this thing for us.” Patent firm: “Ok. Please send us a big check.” What to patent? mediocre ^
- 14. Example 2. A CEOand CTO walk into a patent firm. CEO + CTO: “Patent this thing for us.” Patent firm: “Hold up. Tell me about….” Strategy first. hiring demo day runway development product launch core values funding + revenue
- 15. patentable concepts timing budget value Patent Strategy Strategy first. Example 2. ACEO and CTO walk into a patent firm. CEO + CTO: “Patent this thing for us.” Patent firm: “Hold up. Tell me about….”
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- 17. *PRV :: provisionalapplication text + figures ($) “patent pending” t 0mo PRV* Getting started.
- 18. t 0mo 12mo PRV APP *APP:: non-provisional application text + figures + claims ($$$) * Patent timeline.
- 19. t 0mo 12mo PRV APP 18mo Pub *Pub:: publication APP + PRV publicly-accessible * Patent timeline.
- 20. t 0mo 12mo PRV APP 18mo Pub 30mo OA1 *OA1:: first office action arguing with the USPTO * Patent timeline.
- 21. t 0mo 12mo PRV APP 18mo Pub 30mo OA1 36mo OA2 *OA2:: second office action more arguing… * Patent timeline.
- 22. t 0mo 12mo PRV APP 18mo Pub 30mo OA1 36mo OA2 42mo Pat. *Pat.:: patent issued “patented” * Patent timeline.
- 23.
- 24. knowledge t idea beta launch 0mo 12mo PRV APP Gettingthe timing right.
- 25. t 0mo 12mo APP Getting thetiming wrong. Δ PRVidea beta launch knowledge
- 26.
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- 28. development marketing testing manufacturing facilities admin IP How to budgeta patent portfolio. t PRV1 PRV2seed 0mo 18mo A APP1 + PRV3 APP2 + PRV4
- 29. dev t How to scalea patent portfolio. $ pat
- 30. Recap. 1) Patents aregrowth tools, not liabilities. 2) Patentability ≠ Infringement 3) Strategy before execution. 4) Patent prototypes + products, not ideas. 5) Scale IP with development, traction, etc.
- 31.