Check these out next
Importance of patent for startups
0 likes
views
Importance of patent for startups 1. 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. 2. 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 3. 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. 4. 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.
Importance of patent for startups
- IMPORTANCE OF PATENT FOR STARTUPS
- Have an idea?
- Opening a Startup?
- Identify key issues & milestones in the IPR of your product
- 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
- File a patent
- Government will give financial aid to the technology based startups
- You will have to pay only half of the expenses for filling patent Refunds on the legal expenses borne by the company or individual
- 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. Call on 080 3927 5503 for queries related to IPR