Ideon Science Park - Start Up Tech Hub’s Post

There's more than one path to market for novel technology. In this article we detail four common paths to market for principal investigators: 💰 direct licensing 💪 startup 🤝 resource-assisted startup 🚀 venture studio and the most common challenges facing institutional IP on the path to market. Plus: the ultimate question — whether or not to go it alone? https://lnkd.in/g638QZ7K

📣 Are you a seasoned entrepreneur or a first-time inventor? Do you want to understand the basics of IP? Understanding IP can help you effectively manage technology throughout the development and commercialization processes. To bridge the knowledge gap, the Office for Technology Transfer at Woods Hole Oceanographic Institution asked our in-house Patent Agent, Cristy Salanga, some of the most frequently asked questions regarding intellectual property💡 Learn more: https://lnkd.in/eFvJg2mH #intellectualproperty #technologytransfer #startups #patents #IPprotection #technologytransfer

The Silent Threat to Innovation: How Patent Trolls Stifle Small Businesses As the founder of an IP startup, I've witnessed firsthand the detrimental effect of patent trolls on innovation and small businesses. These entities, which acquire patents solely for litigation purposes, pose a significant threat to the entrepreneurial spirit driving our economy. Recently, I spoke with a healthcare technology startup founder who shared a disturbing experience. Just as their company was gaining momentum, they were hit with a lawsuit from a patent troll claiming infringement on a vaguely worded patent. Poorly drafted patent applications (read "economical") is a first step to it. Unable to afford a legal battle, the startup was forced to settle and abandon their innovative product—leaving patients without access to potentially life-saving technology. This story is just one example of the billions lost annually to patent trolls. Small businesses with world-changing aspirations are often forced to settle weak claims to avoid bankruptcy. The result? Slashed research budgets, stifled innovation, and abandoned ventures. Several factors contribute to the success of patent trolls: 1. Poorly drafted patent applications with no clear scope of patent claims 2. Prohibitive litigation costs 3. Fear and uncertainty in the tech sector So, what can we do to address this issue? 1. Push for legislative action 2. Advocate for higher patent quality standards 3. Encourage collaboration among small businesses 4. Engage large tech companies to support smaller entities It's time for the innovation community to unite against patent trolls. We need a system that protects true innovators, not those profiting from predatory lawsuits. I'm curious to hear your thoughts. Have you or someone you know been affected by patent trolls? What steps do you think we can take as a community to combat this issue? Share your experiences and ideas in the comments below. #PatentTrolls #Innovation #IntellectualProperty #Startups #SmallBusiness

Don't Let Your Ideas Be Copied: A Guide to Patent Registration for Indian Startups!! This article explores the challenges faced by Indian startups and how patent registration empowers them to thrive. #InnovationProtection #StartupLaw #India #IPR #Patent #Patentregistration #Patentsearch https://lnkd.in/g_UHVfvZ

A friend of mine asked me: When should I file my patent application and how long will it take to issue. Here is my answer. https://lnkd.in/g_znGQi5 If you have a different approach, love to hear it here - drop a comment! #patent #startup

Day 9- Securing Your Startup's Innovation: A Deep Dive into Patent Licensing Day 9 of our 30-day series on startups and legal documentation brings us to a pivotal topic — Intellectual Property Considerations. Today, let's delve into the world of Patent Licensing and understand how startups can safeguard their innovations. Exclusive License: In the startup landscape, exclusivity matters. An exclusive license ensures that only one party gets the privilege to use your groundbreaking invention. For startups, this means a unique revenue stream and protection against the risks of market uncertainties. Sole License: Sometimes, exclusivity needs a bit of flexibility. A sole license, a subtype of exclusive licensing, grants rights to a single party within a defined area. This strategic approach lets startups retain control while fostering collaboration. Non-Exclusive License: Startup collaborations can be diverse. A non-exclusive license allows multiple parties to use your invention, opening doors for partnerships and shared innovation. Sub-Licenses: Startups thrive on expansion. Sub-licenses empower startups to extend their reach, allowing other companies to join the innovation journey, and creating a network of shared success. Cross-Licensing: In today's interconnected startup ecosystem, cross-licensing is a game-changer. Collaborate with others, exchange licenses, and navigate the complex landscape of patent technologies together for collective growth. Compulsory License: Startup innovations should benefit the greater good. In unique circumstances, a compulsory license ensures your creation serves the broader community, aligning innovation with social responsibility. Voluntary Licensing: For startups eyeing global markets, voluntary licensing is the key. Forge agreements that cater to the specific needs of different regions, unlocking the full potential of your innovation. As startups, innovations are our most valuable assets. Understanding the nuances of patent licensing empowers us to protect our creations while fostering collaboration. Today's legal documentation journey takes us deeper into the strategic realm of patents, ensuring our startups not only survive but thrive in the dynamic landscape of innovation." LawSikho  LawSikho Freelance Department Ramanuj Mukherjee Amisha Raghuvanshi Stuti Chowdhury #contractlawyer #startups #enterprenuership #businesslaw #contractlaw #contractdrafting #IPR

US Patent Office: AI is all well and good, but only humans can patent things #startup  #fundraising  #angelinvestor  #investments  #VentureCapital  #vc #Entrepreneurship  #venturefunding  #investing #TechNews #Innovation #technology #ai #artificialintelligence #chatbots https://lnkd.in/deB8Cwbk

🚀 Thrilled to share our latest feature on Chekable, a disruptive Startup on a mission to bring big changes to the intellectual property landscape, one patent at a time. Did you ever think technology could transform the way we access patents? 💡 Through an ingenious blend of Legal Tech supported by AI, our featured founders Ashutosh Chapagain & Nipun Kumar are making patent search, drafting, and filing a breeze for independent inventors. As entrepreneurs and innovators, we often ask: "Is this the future of intellectual property law?" Could AI ease the workflow in this tedious process? Chekable is proving that the answer is a mind-blowing YES! Explore more at the link below! https://lnkd.in/eYbQyPAs With startups like Chekable taking the lead, it seems AI's potential to revolutionize multiple fields is just getting started. Let’s keep fostering a future built on innovation! 💪 #LegalTech #AI #Innovation #PatentLaw #Startups #Entrepreneurs

Patent pledges are reshaping the innovation landscape, offering significant advantages for small businesses and startups. By voluntarily committing not to enforce specific patents against other companies, large corporations and patent holders are fostering an environment of open collaboration and reduced legal risk. This shift is particularly beneficial for smaller entities, which often face daunting patent litigation threats that can stifle innovation and drain limited resources. For startups, patent pledges provide a critical safety net. They enable these fledgling companies to innovate and develop new technologies without the constant fear of infringing on existing patents. This freedom encourages creativity and accelerates growth, allowing startups to focus on refining their products and scaling their businesses rather than diverting resources to legal battles. Moreover, patent pledges enhance the overall innovation ecosystem. By promoting a culture of sharing and cooperation, they facilitate the exchange of ideas and technologies across industries. This collaborative spirit not only benefits individual companies but also drives broader technological advancements and economic growth. As patent pledges gain traction, their impact on small businesses and startups underscores the importance of fostering a more inclusive and collaborative approach to intellectual property. Embracing this paradigm shift can unlock immense potential and drive sustainable innovation. #PatentPledges #Innovation #Startups #SmallBusiness #IntellectualProperty #Collaboration #TechGrowth

Excellent article and research by Ms. Kasznik in which she reports that over 70% of "unicorns" (pre-exit startup valued at $1B or more) hold no patents. In the 26 years I've been practicing patent law, I've seen software go from "not very patentable" to "very patentable" and now to "but should we patent it?" Several factors have changed to shift the decision points. First, the change in which all (by default) patent applications are published to the public even if a patent isn't granted shifted the decision point considerably. Second, the self-inflicted invalidation rate of the USPTO of it's own products (patents) has seriously over-corrected for the old troll problem. Expense has always been a consideration, so when you mix the three factors, other options sometimes win out. One option that wins out is to simply out-pace the competition, to commit to continuous, rapid innovation, which drives even higher R&D budgets. Patents can be very slow to issue, and sometimes by the time they do, the technological leading edge has moved way beyond what they represent. Another option is to simply try to keep trade secrets, which is very concerning given the mobility of the global tech work force, lack of practical enforceability of NDA's and non-compete agreements especially in some countries where outsourced R&D is prevalent, and the expense of attempting doing so. When we counsel our clients, we put all the options on the table. Not selling a patent service is part of our consulting service. Patenting is not always the best approach for every situation, but when it is, we are positioned to be the best patent drafting and prosecution service available. https://lnkd.in/gWTa8nWv