having a Intellectual Property rights can provides huge advantages for individuals, organizations , and start-ups. I would say that this is correct as long as you have the patent at hand. Howver , I dout that it provides any ptotuction given the fact that getting patent approved takes tepeically 3 to 6 years. It also may costs up to 40 thousands dollars.
These information are take from Jeffrey Duquette, Esq., (Mirick O’Connell, LLP) who happens to be WPI alumi of Class of 1991, Mechanical Engineering during his take titled: Understanding and Navigating the IP Landscape - An Intellectual Property Overview" on Tuesday, November 15, 2011
as part of the Collaborative for Entrepreneurship & Innovation venture programs.
His talk was about how the Intellectual property (IP) refers generally to a group of intangible assets which can have a significant impact on a company's operation and growth. This workshop explored the different types of intellectual property protection available - patents, trademarks, copyrights, and trade secrets - as well as ways in which to identify and protect your company's IP.
As curios as I could be , is as depressed I was when I knew that getting the patent is costly and time consuming task. This adds to the already high presser on entrepreneurs and start-up owners because some time - if they are lucky enough - they are capitalizing on the possibility of getting an IP to attractive investors to fund their ventures.
again , if it takes 3-6 years to get IP, then what should entrepreneurs do throughout all those years beside working to get the IP aprroval?
and who and how that idea can be protected in that gray time period?
and how entrepreneurs can even fund the approval process?
If I have good amount of money , I will create a company that is a sort of Venture Capital only for the purpose of funding inventors, innovators, and entrepreneurs during the IP approval process. What do you think?
I personally never had to get a patent, but I'm always coming up with ideas, and everyone tells me to patent my ideas. If they knew how long the process was, maybe they wouldn't suggest that. So you want to be a VC? If you have the money to do it, it could be risky but should be a great opportunity. You would have to screen the businesses properly to limit your risk but the return on that investment must be very good. I wonder what the average interest income percentage is for VC's.
ReplyDeleteYou can get a provisional patent right away and that will protect your new idea from the moment the application is filed. Then you spend the next year getting the full patent approved.
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