By: Gabriel Eze
Here's the thing—one of the most important aspect of your business is the intellectual property of your startup. Ignore it and pay dearly for it. They say, great products and services with superb execution make great companies but then strong brands make an even greater company. By strong brands, I mean brands with comprehensive IP protection. Strong brands create great value—both commercial and intellectual assets that attract your product and services to your target market. What readily comes to mind when Intellectual Property (IP) is mentioned are the more common aspects such as copyright, industrial designs, patents, trademarks. The less common IP or IP-related rights include database rights, geographical indications, plant varieties, trade secrets, traditional knowledge, etc.
For startups, here's a quick one on some types of IP that may be relevant to your startup and that your startup badly needs to protect:
> Copyright
Copyright protects original literary, musical, and artistic works. It grants authors or creators exclusive right to produce, distribute, assign, license, or do other things with the work. If you have a web application or a website, then you will need to protect the source codes used to build it. You may need a contractual agreement on who should own the app or website especially if you contract a developer to build the app or website for you. Copyright protection takes care of this. Depending on the nature of startup, you will need to protect your copyright works accordingly. One of the most common copyright works startups often wish to protect, depending on the industry or sector they belong, include software programs (limited to the original source code used in writing the program only); marketing materials including ad copies and jingles; entertainment works including cinematography, motion picture, and musical works; web publishing including podcasts, training videos, web contents, etc. Any of these copyright works could become a valuable intangible asset for your startup especially if you know what you are doing.
Read more >> https://www.mondaq.com/Nigeria/Intellectual-Property/901604/Why-You-Badly-Need-To-Protect-The-Intellectual-Property-Of-Your-Startup
Showing posts with label Startup. Show all posts
Showing posts with label Startup. Show all posts
Dos and Don’ts of IP Protection for Tech Startups
By: Chinh H. Pham
The launch of a startup is an exciting time for any tech entrepreneur. As you embark on this adventure, it is critical to establish a strong legal foundation that protect your intellectual property (IP) and tech innovation. Unfortunately, many tech startups underestimate just how integral a strong IP strategy is to commercial success and revenue generation. In order to safeguard its IP, a tech startup should consider the following dos and don’ts.
Do Avoid Public Disclosure of Your Innovation
Public disclosure of your innovation can be dangerous for a tech startup. Even if unintentional, any public disclosure can delay or even end the patent process, especially when you seek to pursue patent protection outside the U.S. To avoid inadvertently disclosing your innovation to the public, tech startups should be careful not to do the following:
> Don’t Conduct Research & Development in the Open: With the growth of co-working spaces, conducting research and development (R&D) in the open should be avoided. Many developers are unaware that conducting R&D in the open is technically considered a public disclosure and can foreclose patent protection in most countries. While the United States does allow a one-year grace period for filing for patent protection, it is still a best practice to avoid any type of public R&D.
Read more >> https://vc-list.com/ip-protection-tech-startups/
The launch of a startup is an exciting time for any tech entrepreneur. As you embark on this adventure, it is critical to establish a strong legal foundation that protect your intellectual property (IP) and tech innovation. Unfortunately, many tech startups underestimate just how integral a strong IP strategy is to commercial success and revenue generation. In order to safeguard its IP, a tech startup should consider the following dos and don’ts.
Do Avoid Public Disclosure of Your Innovation
Public disclosure of your innovation can be dangerous for a tech startup. Even if unintentional, any public disclosure can delay or even end the patent process, especially when you seek to pursue patent protection outside the U.S. To avoid inadvertently disclosing your innovation to the public, tech startups should be careful not to do the following:
> Don’t Conduct Research & Development in the Open: With the growth of co-working spaces, conducting research and development (R&D) in the open should be avoided. Many developers are unaware that conducting R&D in the open is technically considered a public disclosure and can foreclose patent protection in most countries. While the United States does allow a one-year grace period for filing for patent protection, it is still a best practice to avoid any type of public R&D.
Read more >> https://vc-list.com/ip-protection-tech-startups/
The Truth Nobody Tells You About Startup Budgeting
By: Tracy Leigh Hazzard
So many startups are so eager to throw money into anything they believe will speed up the launch process. More seasoned experts know that intellectual property, patents, trademarks, copyrights, content, and products should all be assets that hold value, rather than sinkholes. You need to have an investment plan for all of this. That means every single spending point along the way should be detailed in your investment plan and budget. The problem with this is that, unless you are spending thousands on an expert, which you probably cannot afford in the beginning, who knows how much you should budget for things like patents, marketing, prototyping, research, and design? This is what we are going to break down today.
Scrounging and Spending: Why? What? When?
The first thing you need to be able to determine is whether or not an item is an asset or a liability, so you can learn when to scrounge, and when to spend, and when you are spending, how much you should be dropping. Remember, when discerning between the two, assets always add value while liabilities oftentimes eat up resources without adding value back in.
The Importance of Research and Design
It is no secret that startups that spend on research and design, especially forward-thinking research and design in their product categories, out-profit every other brand in their category. Every other brand in their category has less value both in the marketplace and in sales. As you build your brand, compare yourself to bigger brands in your category. If you're competing in a marketplace with Apple, for example, then you're going to have to spend a pretty steep amount on research and design. Apple spends between 20 and 25 percent of its overall revenue budget on research and design. In my early days at Herman Miller, they had an entire research division that built assets for the business.
Read more >> https://www.inc.com/tracy-leigh-hazzard/how-to-budget-your-startup-so-you-dont-run-out-of-money.html
So many startups are so eager to throw money into anything they believe will speed up the launch process. More seasoned experts know that intellectual property, patents, trademarks, copyrights, content, and products should all be assets that hold value, rather than sinkholes. You need to have an investment plan for all of this. That means every single spending point along the way should be detailed in your investment plan and budget. The problem with this is that, unless you are spending thousands on an expert, which you probably cannot afford in the beginning, who knows how much you should budget for things like patents, marketing, prototyping, research, and design? This is what we are going to break down today.
Scrounging and Spending: Why? What? When?
The first thing you need to be able to determine is whether or not an item is an asset or a liability, so you can learn when to scrounge, and when to spend, and when you are spending, how much you should be dropping. Remember, when discerning between the two, assets always add value while liabilities oftentimes eat up resources without adding value back in.
The Importance of Research and Design
It is no secret that startups that spend on research and design, especially forward-thinking research and design in their product categories, out-profit every other brand in their category. Every other brand in their category has less value both in the marketplace and in sales. As you build your brand, compare yourself to bigger brands in your category. If you're competing in a marketplace with Apple, for example, then you're going to have to spend a pretty steep amount on research and design. Apple spends between 20 and 25 percent of its overall revenue budget on research and design. In my early days at Herman Miller, they had an entire research division that built assets for the business.
Read more >> https://www.inc.com/tracy-leigh-hazzard/how-to-budget-your-startup-so-you-dont-run-out-of-money.html
Why Startups Need to File Patent at An Early Stage
By: Baishali Mukherjee
Patents play a major role in getting funds for startups, especially the tech ventures. Venture capitalists evidently favour tech startups with patent-pending innovation. Patents increase the prospect and quality of merger, purchase or sale of a corporation or an initial public offering. This incentivizes investors to fund start-ups opting for patents. Moreover, patent portfolios are used as defensive strategies to discourage patent infringement claims.
While Applying for a Patent, Mull Over the Hazards
When decidingon applying for a patent, take a look at your invention and mull over the risks of not patenting it against the costs of doing so. The best approach is to appraise alternatives for IP protection before publicly disclosing the idea (e.g., pitch competitions, crowdfunding campaigns, launches, trade shows, etc.). Find a startup patent lawyer who understands your state of affairs and is ready to assist you in developing a patent strategy that takes care of your funding and acquisition goals.
According to VinayShraff, Advocate, Supreme Court, High Court,Tribunals, it is a chicken-and-egg quandary for startups that are cash-strapped. “While they require capital to invest in protecting the IP, the investment can secure them with more funding,” informed Shraff.
Read more >> https://www.entrepreneur.com/article/306087
Patents play a major role in getting funds for startups, especially the tech ventures. Venture capitalists evidently favour tech startups with patent-pending innovation. Patents increase the prospect and quality of merger, purchase or sale of a corporation or an initial public offering. This incentivizes investors to fund start-ups opting for patents. Moreover, patent portfolios are used as defensive strategies to discourage patent infringement claims.
While Applying for a Patent, Mull Over the Hazards
When decidingon applying for a patent, take a look at your invention and mull over the risks of not patenting it against the costs of doing so. The best approach is to appraise alternatives for IP protection before publicly disclosing the idea (e.g., pitch competitions, crowdfunding campaigns, launches, trade shows, etc.). Find a startup patent lawyer who understands your state of affairs and is ready to assist you in developing a patent strategy that takes care of your funding and acquisition goals.
According to VinayShraff, Advocate, Supreme Court, High Court,Tribunals, it is a chicken-and-egg quandary for startups that are cash-strapped. “While they require capital to invest in protecting the IP, the investment can secure them with more funding,” informed Shraff.
Read more >> https://www.entrepreneur.com/article/306087
10 Reasons to Patent Your Startup’s New Invention
By: Doug Robinson
What would you do if your biggest competitor said your startup’s product infringes on its patent? What if you learned that the process your competitor uses to make its product infringes on a patent you own?
Patents can provide powerful leverage for your business. Patents are versatile: a patent can cover your products, the machines used to make your products, the compositions of materials that go into your products, or the processes you use in your business. Patents can even cover components or portions of those products, machines, compositions and processes.
Patents are also versatile in the value they provide businesses. Many people think of patents as only being used in huge business battles, like in the litigation between Apple and Samsung, but patents can be used in many other ways, and provide value to companies of all sizes, especially startups.
Read more >> https://startupnation.com/manage-your-business/patent-new-invention/
What would you do if your biggest competitor said your startup’s product infringes on its patent? What if you learned that the process your competitor uses to make its product infringes on a patent you own?
Patents can provide powerful leverage for your business. Patents are versatile: a patent can cover your products, the machines used to make your products, the compositions of materials that go into your products, or the processes you use in your business. Patents can even cover components or portions of those products, machines, compositions and processes.
Patents are also versatile in the value they provide businesses. Many people think of patents as only being used in huge business battles, like in the litigation between Apple and Samsung, but patents can be used in many other ways, and provide value to companies of all sizes, especially startups.
Read more >> https://startupnation.com/manage-your-business/patent-new-invention/
Startup Business: A Checklist
By: Michael J Foycik Jr.
February 7, 2020
The author is a patent attorney with over 28 years experience in patents and trademarks. For further information, please email at IP1lwyr@gmail.com, or call at 877-654-3336.
Starting a new business is exciting! Here's a checklist you'll want to consider.
> Trademark application or registered trademark. Everyone needs this.
> Pending patent application of any type: design, utility, or provisional (PPA).
> Funding, which can include crowd funding services like Kickstarter or Indiegogo.
> Copyright rights. This includes your web site and promotional materials.
> Publicity, if using crowd funding sites or if needed to attract investors.
Read more >> http://internationalpatentservice.com/Startup-Business.html
February 7, 2020
The author is a patent attorney with over 28 years experience in patents and trademarks. For further information, please email at IP1lwyr@gmail.com, or call at 877-654-3336.
Starting a new business is exciting! Here's a checklist you'll want to consider.
> Trademark application or registered trademark. Everyone needs this.
> Pending patent application of any type: design, utility, or provisional (PPA).
> Funding, which can include crowd funding services like Kickstarter or Indiegogo.
> Copyright rights. This includes your web site and promotional materials.
> Publicity, if using crowd funding sites or if needed to attract investors.
Read more >> http://internationalpatentservice.com/Startup-Business.html
IP Strategy 101: What Startups Need to Know
By: Ken Seddon
Though startup founders wear many hats when they launch their businesses — innovator, creator, delegator, coder, fundraiser, and marketer — not many list patent attorney among their titles. In fact, the absence of a cohesive intellectual property (IP) strategy is a common trait of many startup teams.
With so many things to think about — building a product, hiring a staff, fundraising, marketing, sales and more — there’s often little time left for a patent strategy. The problem with this reactionary mindset is that by the time an IP problem is large enough for leadership to deal with, the entire business could be at risk.
That’s why having a plan upfront will save you from a lot of expense and legal hassle later on down the road. Here’s how to think about putting one together.
Read more >> https://medium.com/startup-grind/ip-strategy-101-what-startups-need-to-know-29e3dd018be3
Though startup founders wear many hats when they launch their businesses — innovator, creator, delegator, coder, fundraiser, and marketer — not many list patent attorney among their titles. In fact, the absence of a cohesive intellectual property (IP) strategy is a common trait of many startup teams.
With so many things to think about — building a product, hiring a staff, fundraising, marketing, sales and more — there’s often little time left for a patent strategy. The problem with this reactionary mindset is that by the time an IP problem is large enough for leadership to deal with, the entire business could be at risk.
That’s why having a plan upfront will save you from a lot of expense and legal hassle later on down the road. Here’s how to think about putting one together.
Read more >> https://medium.com/startup-grind/ip-strategy-101-what-startups-need-to-know-29e3dd018be3
Collecting and Using Competitive Intelligence | For Startups, New Ventures, and Entrepreneurs
By: Jace
Competitive Intelligence? What’s competitive intelligence? According to Wikipedia, “Competitive intelligence (CI) is the action of defining, gathering, analyzing, and distributing intelligence about products, customers, competitors and any aspect of the environment needed to support executives and managers in making strategic decisions for an organization.“
For the day to day, it means understanding what your competitors, direct and indirect are doing, how big their war chest is, whom they’re hiring, and then trying to figure out how you can outcompete them based on your realities. Competitive intelligence is an ongoing process. It is about accumulating relevant knowledge that your entire executive team can implement into the overall company strategy.
Read more >> https://f3fundit.com/the-need-for-competitive-intelligence/
Competitive Intelligence? What’s competitive intelligence? According to Wikipedia, “Competitive intelligence (CI) is the action of defining, gathering, analyzing, and distributing intelligence about products, customers, competitors and any aspect of the environment needed to support executives and managers in making strategic decisions for an organization.“
For the day to day, it means understanding what your competitors, direct and indirect are doing, how big their war chest is, whom they’re hiring, and then trying to figure out how you can outcompete them based on your realities. Competitive intelligence is an ongoing process. It is about accumulating relevant knowledge that your entire executive team can implement into the overall company strategy.
Read more >> https://f3fundit.com/the-need-for-competitive-intelligence/
Will 2020 be the year you take the leap to start up your own business?
By: William Dean
Setting up your own business can be a daunting task. We know. We work with many entrepreneurs and startup businesses who often juggle the demands of a full or part time job in tandem with investing time, energy and money into their fledgling business. However, as your new business starts to gain traction you may need to decide whether the time is right to take the leap, give up the day job, and become a full time business owner.
So if you have a great idea or have a startup business looking to take the next step, here are some key points which may help you decide whether 2020 will be your leap year.
Financially fit?
One of the most common reasons for a startup failing is running out of money. It is therefore essential to manage your cash flow. Establishing a budget and sticking to it will help you track where every penny is going (and coming from). You can do this by monitoring your outgoings, establishing realistic (and achievable) goals for your finances – both short and long term – and getting some expert advice. Barclays and NatWest specialise in finance for startups, providing support through Barclays Eagle Labs and NatWest’s Entrepreneur Accelerators.
Read more >> https://www.barkerbrettell.co.uk/will-2020-be-the-year-you-take-the-leap-to-start-up-your-own-business/
Setting up your own business can be a daunting task. We know. We work with many entrepreneurs and startup businesses who often juggle the demands of a full or part time job in tandem with investing time, energy and money into their fledgling business. However, as your new business starts to gain traction you may need to decide whether the time is right to take the leap, give up the day job, and become a full time business owner.
So if you have a great idea or have a startup business looking to take the next step, here are some key points which may help you decide whether 2020 will be your leap year.
Financially fit?
One of the most common reasons for a startup failing is running out of money. It is therefore essential to manage your cash flow. Establishing a budget and sticking to it will help you track where every penny is going (and coming from). You can do this by monitoring your outgoings, establishing realistic (and achievable) goals for your finances – both short and long term – and getting some expert advice. Barclays and NatWest specialise in finance for startups, providing support through Barclays Eagle Labs and NatWest’s Entrepreneur Accelerators.
Read more >> https://www.barkerbrettell.co.uk/will-2020-be-the-year-you-take-the-leap-to-start-up-your-own-business/
Alex Tame: Why Startups Need to Have a Global IP Strategy
By: Alex Tame
In an increasingly global economy, even startups need to consider where their companies fit in internationally. Entrepreneurs wear many hats — operations, marketing, engineering and sales among them — but few tout themselves as patent law experts. Often the last thing on their minds is an intellectual property (IP) strategy — but this can be costly in the long term.
Patent assertion entities (PAEs, also referred to as “patent trolls”) are a growing threat to companies in the UK. Patent trolls are companies whose primary revenue model is to acquire patents for the sole purpose of using them to sue other companies. They’re a big problem in the US, where they have resulted in more than 60 billion GBP in lost wealth annually, and where many UK startups look as a secondary market. They’re a growing problem in the EU, as German courts have proven to be favourable to trolls.
Startups doing business in these markets expose themselves to patent troll risk — and the cost of defending against those lawsuits — to the tune of 2.4 million GBP per suit — can easily put an early stage company out of business. Because of these risks, nearly 50 UK-based companies have joined LOT Network, including well-known names like Ocado and Boots.
Read more >> http://www.theuknewspaper.co.uk/why-startups-need-to-have-a-global-ip-strategy/
In an increasingly global economy, even startups need to consider where their companies fit in internationally. Entrepreneurs wear many hats — operations, marketing, engineering and sales among them — but few tout themselves as patent law experts. Often the last thing on their minds is an intellectual property (IP) strategy — but this can be costly in the long term.
Patent assertion entities (PAEs, also referred to as “patent trolls”) are a growing threat to companies in the UK. Patent trolls are companies whose primary revenue model is to acquire patents for the sole purpose of using them to sue other companies. They’re a big problem in the US, where they have resulted in more than 60 billion GBP in lost wealth annually, and where many UK startups look as a secondary market. They’re a growing problem in the EU, as German courts have proven to be favourable to trolls.
Startups doing business in these markets expose themselves to patent troll risk — and the cost of defending against those lawsuits — to the tune of 2.4 million GBP per suit — can easily put an early stage company out of business. Because of these risks, nearly 50 UK-based companies have joined LOT Network, including well-known names like Ocado and Boots.
Read more >> http://www.theuknewspaper.co.uk/why-startups-need-to-have-a-global-ip-strategy/
Legal Hiccups To Avoid To Prevent Your Startup From Failing
By: Isabella Rossellini
Your startup will surely crash and will be crushed if you do not have your legal house in order to prevent the hiccups that startups usually experience. When you ask any entrepreneur about the main ingredients that ensure success for startups, they will often come up with one word or short answers that will primarily include:
> Courage
> Perseverance
> Dedication
> Hard work
> A proper plan and
> A top-notch team, so on and so forth.
Yes, all these qualities are essential to ensure success for a startup and there is no question about it that these will give the companies a fighting chance to service the highly competitive market out there.
Reasons entrepreneurs overlook it
However, most of the people tend to overlook the legal aspects thinking it to be a boring stuff. However, this is extremely vital because you may soon have to roll down the shutters if the legal aspects in not accurate, just as it ought to be.
Read more >> https://adzis.com/blog/legal-hiccups-avoid-prevent-startup-failing/
Your startup will surely crash and will be crushed if you do not have your legal house in order to prevent the hiccups that startups usually experience. When you ask any entrepreneur about the main ingredients that ensure success for startups, they will often come up with one word or short answers that will primarily include:
> Courage
> Perseverance
> Dedication
> Hard work
> A proper plan and
> A top-notch team, so on and so forth.
Yes, all these qualities are essential to ensure success for a startup and there is no question about it that these will give the companies a fighting chance to service the highly competitive market out there.
Reasons entrepreneurs overlook it
However, most of the people tend to overlook the legal aspects thinking it to be a boring stuff. However, this is extremely vital because you may soon have to roll down the shutters if the legal aspects in not accurate, just as it ought to be.
Read more >> https://adzis.com/blog/legal-hiccups-avoid-prevent-startup-failing/
How to Use IP to Add Value to Your Startup
By: Patrick Jones
In the midst of the many things that go into starting a new business, it can be easy to overlook one of the most fundamental, and most valuable, aspects of any business: the protection of its intellectual property, or “IP.” And, even when the protection of IP is considered, protecting a startups can seem too expensive a proposition in light of limited resources.
What is “IP?”
The first questions a startup should ask are: What is “intellectual property,” and does my company have any “intellectual property” that can be protected and is worth protecting? The World Intellectual Property Organization (WIPO) defines “intellectual property” as “creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.” This may include the name of your company name or its brand, its logo, any patentable processes, and designs which enable your company to earn recognition or financial benefit from what it invents or creates.
There are three primary ways in which a startup (or any other entity) can protect its intellectual property: (1) patents, (2) trademarks, and (3) copyrights.
Read more >> https://www.upcounsel.com/blog/use-ip-add-value-startup
In the midst of the many things that go into starting a new business, it can be easy to overlook one of the most fundamental, and most valuable, aspects of any business: the protection of its intellectual property, or “IP.” And, even when the protection of IP is considered, protecting a startups can seem too expensive a proposition in light of limited resources.
What is “IP?”
The first questions a startup should ask are: What is “intellectual property,” and does my company have any “intellectual property” that can be protected and is worth protecting? The World Intellectual Property Organization (WIPO) defines “intellectual property” as “creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.” This may include the name of your company name or its brand, its logo, any patentable processes, and designs which enable your company to earn recognition or financial benefit from what it invents or creates.
There are three primary ways in which a startup (or any other entity) can protect its intellectual property: (1) patents, (2) trademarks, and (3) copyrights.
Read more >> https://www.upcounsel.com/blog/use-ip-add-value-startup
The Problem of IPR Infringement in India’s Burgeoning Startup Ecosystem
By: Thehasin Nazia & Rajarshi Choudhuri
For a country of 1.3 billion people who pride themselves on ingenuity, entrepreneurial spirit, and innovative thinking, a significant percentage of the Indian population is woefully unaware of trademark infringement and intellectual property theft.
At the beginning of 2010, the Indian e-commerce scene was still in its nascent stage but within the next five years, the growth was unprecedented. This was a result of the rapid internet access proliferation combined with the telecom boom. The budget phone segment and the affordable data tariff pushed the tier-II and tier-III cities into the fore. Just to put things in perspective, according to recent studies, there are close to 600 million phone users in India with over 300 million smartphone owners, which is just 20 million shy of the population of the United States (as per 2018 records).
Read more >> https://www.ipwatchdog.com/2019/11/16/problem-ipr-infringement-indias-burgeoning-startup-ecosystem/id=116019/
For a country of 1.3 billion people who pride themselves on ingenuity, entrepreneurial spirit, and innovative thinking, a significant percentage of the Indian population is woefully unaware of trademark infringement and intellectual property theft.
At the beginning of 2010, the Indian e-commerce scene was still in its nascent stage but within the next five years, the growth was unprecedented. This was a result of the rapid internet access proliferation combined with the telecom boom. The budget phone segment and the affordable data tariff pushed the tier-II and tier-III cities into the fore. Just to put things in perspective, according to recent studies, there are close to 600 million phone users in India with over 300 million smartphone owners, which is just 20 million shy of the population of the United States (as per 2018 records).
Read more >> https://www.ipwatchdog.com/2019/11/16/problem-ipr-infringement-indias-burgeoning-startup-ecosystem/id=116019/
Why Your Startup Company Might Need an International Patent Application; an Attorney's View
By: Michael J Foycik Jr.
Nov 25, 2019
The author is a patent attorney with over 28 years experience in patents and trademarks. For further information, please email at IP1lwyr@gmail.com, or call at 877-654-3336.
Your startup company has a valuable invention, and you're considering filing a US Patent Application. But, you're wondering whether or not to file an International Patent Application. The answer to that depends on various factors, as follows.
Worried about foreign competitors sending infringing products into US market? Your US patent application can stop them at the border if your file a complaint with the US Customs Service and meet the requirements. So, if your market is strictly the US market, then you might not need an international patent application. That might include a PCT application or an EU application.
Expecting a big success, or have investors expecting a big success? Then you might just need an international patent application. That's because you may be exporting goods into other countries, and would want patent protection in those countries.
When going after international patent protection, there are several ways to go. There is a PCT (Patent Cooperation Treaty) filing, which gives a kind of patent pending status in any designated foreign countries for roughly 30 to 32 months. This will require a national stage patent filing in the designated countries during that pendency.
Then there is an EU (European Union) patent filing, currently similar to the PCT filing. The EU application is changing for the better in the coming year, by including all EU member countries for a single filing. That is expected to represent a great cost savings. Previously, I might not have recommended an EU filing in all cases, but I expect to highly recommend the new EU filing once it is available.
Read more >> http://internationalpatentservice.com/Why-Your-Startup-Company-Might-Need.html
Nov 25, 2019
The author is a patent attorney with over 28 years experience in patents and trademarks. For further information, please email at IP1lwyr@gmail.com, or call at 877-654-3336.
Your startup company has a valuable invention, and you're considering filing a US Patent Application. But, you're wondering whether or not to file an International Patent Application. The answer to that depends on various factors, as follows.
Worried about foreign competitors sending infringing products into US market? Your US patent application can stop them at the border if your file a complaint with the US Customs Service and meet the requirements. So, if your market is strictly the US market, then you might not need an international patent application. That might include a PCT application or an EU application.
Expecting a big success, or have investors expecting a big success? Then you might just need an international patent application. That's because you may be exporting goods into other countries, and would want patent protection in those countries.
When going after international patent protection, there are several ways to go. There is a PCT (Patent Cooperation Treaty) filing, which gives a kind of patent pending status in any designated foreign countries for roughly 30 to 32 months. This will require a national stage patent filing in the designated countries during that pendency.
Then there is an EU (European Union) patent filing, currently similar to the PCT filing. The EU application is changing for the better in the coming year, by including all EU member countries for a single filing. That is expected to represent a great cost savings. Previously, I might not have recommended an EU filing in all cases, but I expect to highly recommend the new EU filing once it is available.
Read more >> http://internationalpatentservice.com/Why-Your-Startup-Company-Might-Need.html
Why Intellectual Property Protection Is Crucial For Startups
By: Dinesh Jotwani
> Patents level the playing field between startups and incumbents
> Investors are likely to invest in a startup that has patents in its name
> Unless a startup trademarks its logo, it may discover unscrupulous companies copying its logo
Nearly 90% of startups fail within their first five years. With the odds stacked against them, they need nearly everything to fall into place to succeed including Intellectual Property Rights.
A startup is essentially a disrupter. It disrupts an existing market by providing more convenient service, a service at a lower cost, or both. Every startup that enters a market believes it has a unique strategy. At the heart of every startup’s strategy is usually a technology and a clever name or attractive logo.
Read more >> https://inc42.com/resources/intellectual-property-protection-crucial-startups/
> Patents level the playing field between startups and incumbents
> Investors are likely to invest in a startup that has patents in its name
> Unless a startup trademarks its logo, it may discover unscrupulous companies copying its logo
Nearly 90% of startups fail within their first five years. With the odds stacked against them, they need nearly everything to fall into place to succeed including Intellectual Property Rights.
A startup is essentially a disrupter. It disrupts an existing market by providing more convenient service, a service at a lower cost, or both. Every startup that enters a market believes it has a unique strategy. At the heart of every startup’s strategy is usually a technology and a clever name or attractive logo.
Read more >> https://inc42.com/resources/intellectual-property-protection-crucial-startups/
Why Is Every Startup A Bank These Days?
By: Alex Wilhelm, Natasha Mascarenhas
Nov. 3, 2019
Neo banks (a fancy term to describe upstart digital banks working on everything from savings and checking accounts to mobile debit cards) focus on bringing banking services to users both underbanked and not.
But, notably, it’s not just startups that started off life looking to build a neo bank who are building out banking-like services. In fact, so many startups are racing to offer banking tools that an early outline of this piece had to be amended to break the examples into several sections for the sake of bucketing and clarity.
In the coming weeks, we’ll explore more deeply why the startup banking gold-rush is under way. Today we’ll lay out the players and talk over the broad strokes of what’s going on.
Recent News
News broke earlier this month that Chime, a well-known startup that we’ve covered before, is in the process of raising new capital at what Axios pegged as a “valuation north of $5 billion.” The news wasn’t too surprising. Chime has been on a tear lately, raising a $200 million round this March, and $70 million the preceding May.
Read more >> https://news.crunchbase.com/news/why-is-every-startup-a-bank-these-days/
Nov. 3, 2019
Neo banks (a fancy term to describe upstart digital banks working on everything from savings and checking accounts to mobile debit cards) focus on bringing banking services to users both underbanked and not.
But, notably, it’s not just startups that started off life looking to build a neo bank who are building out banking-like services. In fact, so many startups are racing to offer banking tools that an early outline of this piece had to be amended to break the examples into several sections for the sake of bucketing and clarity.
In the coming weeks, we’ll explore more deeply why the startup banking gold-rush is under way. Today we’ll lay out the players and talk over the broad strokes of what’s going on.
Recent News
News broke earlier this month that Chime, a well-known startup that we’ve covered before, is in the process of raising new capital at what Axios pegged as a “valuation north of $5 billion.” The news wasn’t too surprising. Chime has been on a tear lately, raising a $200 million round this March, and $70 million the preceding May.
Read more >> https://news.crunchbase.com/news/why-is-every-startup-a-bank-these-days/
U-M Tech Transfer Sets Records for Startups, Licenses, Patents, and Disclosures in 2019
By: Tim Keenan
The University of Michigan Tech Transfer in Ann Arbor today reported that 22 high-tech companies were started at the school during fiscal year 2019, up from 21 last year.
U-M Tech Transfer is the university unit responsible for commercializing research discoveries emanating from the college. U-M has spun off 86 companies in the past five years.
Also during the past fiscal year, the university signed a record 232 license and option agreements with companies seeking to commercialize U-M research, up from 218 in FY2018.
In addition, U-M Tech Transfer reports that 198 U.S. patents were issued in FY2019 for inventions created at U-M, up from 183 last year.
U-M invention disclosures surpassed 500 for the first time, reaching 502 and outpacing the 2018 record of 484. This represents a solid pipeline for potential future patents, licensing agreements and startups, according to Kelly Sexton, associate vice president for research-technology transfer and innovation partnerships at U-M. In the past five years, U-M researchers reported 2,280 inventions.
Read more >> https://www.dbusiness.com/daily-news/u-m-tech-transfer-sets-records-for-startups-licenses-patents-and-disclosures-in-2019/
The University of Michigan Tech Transfer in Ann Arbor today reported that 22 high-tech companies were started at the school during fiscal year 2019, up from 21 last year.
U-M Tech Transfer is the university unit responsible for commercializing research discoveries emanating from the college. U-M has spun off 86 companies in the past five years.
Also during the past fiscal year, the university signed a record 232 license and option agreements with companies seeking to commercialize U-M research, up from 218 in FY2018.
In addition, U-M Tech Transfer reports that 198 U.S. patents were issued in FY2019 for inventions created at U-M, up from 183 last year.
U-M invention disclosures surpassed 500 for the first time, reaching 502 and outpacing the 2018 record of 484. This represents a solid pipeline for potential future patents, licensing agreements and startups, according to Kelly Sexton, associate vice president for research-technology transfer and innovation partnerships at U-M. In the past five years, U-M researchers reported 2,280 inventions.
Read more >> https://www.dbusiness.com/daily-news/u-m-tech-transfer-sets-records-for-startups-licenses-patents-and-disclosures-in-2019/
How to protect your Intellectual Property as a startup or scale up
By: Chloe Mckenna
It's so easy to overlook your intellectual property when you're a startup. Even companies who've been in business for a while but are scaling up can easily forget just how important it is to protect yourself and your business. So, how do you even begin to go about protecting it and what's involved?
Your intellectual property is one of your most valuable assets. Not only does it give your company its true value, but it also helps create brand recognition and sets you apart from your competitors. Without it, you can't differentiate yourself from the rest. So that's why business owners are realising just how valuable it is and taking steps to protect it.
So it's no surprise that legal claims made over the last 12 months by small to medium enterprises have risen significantly by 68%. If you're new to business and have no clue how to even register your intellectual property, read on to find out.
Read more >> https://www.capalona.co.uk/blog/how-to-protect-your-intellectual-property-as-a-startup-or-scale-up/
It's so easy to overlook your intellectual property when you're a startup. Even companies who've been in business for a while but are scaling up can easily forget just how important it is to protect yourself and your business. So, how do you even begin to go about protecting it and what's involved?
Your intellectual property is one of your most valuable assets. Not only does it give your company its true value, but it also helps create brand recognition and sets you apart from your competitors. Without it, you can't differentiate yourself from the rest. So that's why business owners are realising just how valuable it is and taking steps to protect it.
So it's no surprise that legal claims made over the last 12 months by small to medium enterprises have risen significantly by 68%. If you're new to business and have no clue how to even register your intellectual property, read on to find out.
Read more >> https://www.capalona.co.uk/blog/how-to-protect-your-intellectual-property-as-a-startup-or-scale-up/
Intellectual Property Law: 5 Imperative Things Startups Need to Know
By: Kashish IPR
Intellectual Property (IP) appears to be one of the most valuable assets for almost every startup. That’s why many startups put the Intellectual Property Protection on top of their priorities. In addition to protecting products and services, these protections can influence the owners’ confidence and fundraising efforts. In other words, IP protection bestows businesses and entrepreneurs with a tremendous sense of confidence and passion to not only succeed but also become a leader in the relevant area.
Like other entrepreneurs and businesses, you must also want to achieve long-term success and secure your valuable ideas, products, or more under IP protection. Well, if it is true, then there is a need to familiarize yourself with some significant components of Intellectual Property Law.
Top 5 Things Startups Need to Know About IP Law
> Types of Intellectual Property Rights (IPRs)
In the IP industry, there are many types of IPRs. Each of these rights safeguards a specific category of assets. In general, IPRs fall under four categories named as patents, trademarks, trade secrets, and copyrights. Patents empower the original inventor to prevent others from copying, making, or selling his invention. Copyrights provide the exclusive rights to protect original works of authorship such as literature, images, or software. Trademarks secure the unique words, symbols, and designs that distinguish your brand from others. Trade secrets come into action when you hold any special “secret” manufacturing method that gives your startup a competitive advantage in the marketplace.
Read more >> https://kashishipr.wordpress.com/2019/10/14/intellectual-property-law-5-imperative-things-startups-need-to-know/
Intellectual Property (IP) appears to be one of the most valuable assets for almost every startup. That’s why many startups put the Intellectual Property Protection on top of their priorities. In addition to protecting products and services, these protections can influence the owners’ confidence and fundraising efforts. In other words, IP protection bestows businesses and entrepreneurs with a tremendous sense of confidence and passion to not only succeed but also become a leader in the relevant area.
Like other entrepreneurs and businesses, you must also want to achieve long-term success and secure your valuable ideas, products, or more under IP protection. Well, if it is true, then there is a need to familiarize yourself with some significant components of Intellectual Property Law.
Top 5 Things Startups Need to Know About IP Law
> Types of Intellectual Property Rights (IPRs)
In the IP industry, there are many types of IPRs. Each of these rights safeguards a specific category of assets. In general, IPRs fall under four categories named as patents, trademarks, trade secrets, and copyrights. Patents empower the original inventor to prevent others from copying, making, or selling his invention. Copyrights provide the exclusive rights to protect original works of authorship such as literature, images, or software. Trademarks secure the unique words, symbols, and designs that distinguish your brand from others. Trade secrets come into action when you hold any special “secret” manufacturing method that gives your startup a competitive advantage in the marketplace.
Read more >> https://kashishipr.wordpress.com/2019/10/14/intellectual-property-law-5-imperative-things-startups-need-to-know/
How to protect your Intellectual Property as a startup or scale up
By: Chloe Mckenna
It's so easy to overlook your intellectual property when you're a startup. Even companies who've been in business for a while but are scaling up can easily forget just how important it is to protect yourself and your business. So, how do you even begin to go about protecting it and what's involved?
Your intellectual property is one of your most valuable assets. Not only does it give your company its true value, but it also helps create brand recognition and sets you apart from your competitors. Without it, you can't differentiate yourself from the rest. So that's why business owners are realising just how valuable it is and taking steps to protect it.
So it's no surprise that legal claims made over the last 12 months by small to medium enterprises have risen significantly by 68%. If you're new to business and have no clue how to even register your intellectual property, read on to find out.
Read more >> https://www.capalona.co.uk/news/how-to-protect-your-intellectual-property-as-a-startup-or-scale-up/
It's so easy to overlook your intellectual property when you're a startup. Even companies who've been in business for a while but are scaling up can easily forget just how important it is to protect yourself and your business. So, how do you even begin to go about protecting it and what's involved?
Your intellectual property is one of your most valuable assets. Not only does it give your company its true value, but it also helps create brand recognition and sets you apart from your competitors. Without it, you can't differentiate yourself from the rest. So that's why business owners are realising just how valuable it is and taking steps to protect it.
So it's no surprise that legal claims made over the last 12 months by small to medium enterprises have risen significantly by 68%. If you're new to business and have no clue how to even register your intellectual property, read on to find out.
Read more >> https://www.capalona.co.uk/news/how-to-protect-your-intellectual-property-as-a-startup-or-scale-up/
Subscribe to:
Posts (Atom)