Patent and start-ups- Shall we patent?

Overview

• What is Intellectual Property (IP)?• What is patent?• What are the different types of patents?• Why should you patent?• Why should you not patent?

What is IP?

What is Patent?

Invention is a product or a process that provides a new way of doing something, or offers a technical solution to a problem.

What is Trade Secret?

Do you know?Trade secret can dovetail patents. For instance, after filing for a patent application,

improvements made to the invention can be kept as trade secret.

To Patent or Not to…

Patent• Guaranteed 20-year of

monopoly• Powerful legal deterrent

against copycats• Adds value to business and

attracts investors

Trade Secret• Need not be disclosed to

the public• No expiry date (vs 20 years for patent)• Relatively inexpensive• Applies to items that cannot

be patentable

• Sole right to your invention

• Competitive advantage in the market

• License your patent rights

What can a Patent do for You?

Types of Patent

Utility Patent Design Patent Plant Patent

Last for 20 years

Last for 20 years

Last for 14 years

Now that you know what Patent is…. What is next ?

Why Start-ups Patent?

Why Start-ups don’t Patent?

About IP guide for Start-ups

Visit www.facebook.com/patsnap for your weekly dose of Intellectual Property guide for early ventures, written by PatSnap’s PaTENt minutes’ team.

Rev up your IP knowledge in just 10 minutes. Each Patent 10 minutes guide consists of 10 slides.