In this era of cut-throat competition, what is a smart way to survive? Well, all that I can recall at this moment is "patents." It is a powerful tool, which can help you counter attack your competitor. This story dates back in the year 1474 when the Venice republic issued a law for excluding others from using or exploiting your invention. Apparently, in this world of hypocrisy this is surely a weapon which can help your start-up to grow and thrive.
Let's come back from the year 1474 to 2008, a long journey, we (Developing Countries Asia-Pacific Region) have advanced in every field. However, there is more to learn and unlearn, in order to make your start-up a successful venture, to make your share holders pleased with their dividends and of course to boost your balance sheets.
If today is a world of optimizing time and streamline goals; then filing “Patents” is the only solution. There is a lot we can get from filing patents.... probably get some peace of mind, you would know, that you have an important asset to fall back on. These patents can be licensed and cross-licensed to other companies in order to fetch revenue, further licensing of patents to different firms can help you understand that bit, which start-ups have always be ignoring. You get to know the current market trend; you understand different strategies that your start-up needs to implement in order to survive and thrive. All you need to do is to understand the importance of “patents” a techno-legal document.
I am sure; the budget part is what causes hiccups for a start-ups. Shelling out $5,000 to 10,000 isn't an easy goal. Well, attract VCs with your patentable ideas and there will be no end to funds, this is a fact. Moreover, “everything under the sun is patent able” Source - Anonymous.
In order to file patents all we need to know is “how to unlearn” things we have learnt, “how to unfold” what we know and “how to see” what others cannot see. This is all that you, as an “entrepreneur” need to know.
More on Patent Intelligence to come soon.
