![]() ![]() ![]() ![]() Getting a provisional patent application (PPA) as soon as possible is the best move for an inventor. An approved provisional patent application (PPA) indicates that a patent is pending. If it meets the eligibility requirements, an inventor can file both provisional and non-provisional patent applications. These are by the most common type of patent, encompassing more applications than the other two types.īelow is a chart taken from Bold Patents “ How to Patent and Idea” blog article that shows you the exact steps to take for when filing a Utility Patent. These protect any new and useful process, machine, article of manufacture, or composition of matter, or any new and useful improvements to an existing object. Most new product ideas will likely fall under the scope of utility patents. Third, patents bring powerful licensing opportunities that can help you capitalize upon your invention. Patents have applications across multiple industries, making your invention credible in more than just the space you are inventing in. Second, once you have a patent for your new invention, you can more easily justify your subsequent investments in design, research, production and marketing- which will make you more attractive to investors at the end of the day. Patent protection can bring you two kinds of comfort: the comfort of being in the lead over people who might steal your idea before you hit market, and then the comfort of knowing that your invention is protected by law which will come in handy if someone tries to copy your idea. If you’ve objectively determined that you have a valuable invention on your hands, it is prudent to get patent protection as soon as possible. If you have a novel, non-obvious, and game-changing product idea on your hands, it is best to file as early as possible for a patent so you don’t miss out on any opportunities that may come your way.įirst, patents are powerful due to the inherent value of inventions. They can save inventions from being infringed upon by copycats, can provide a multitude of licensing and monetization opportunities, and can give your new invention a heightened level of credibility that will attract inventors. Patents are a powerful form of intellectual property protection. EXCLUSIVE: Interview with Chris Prill, VP eBay Motors, discussing the new Guaranteed Fit program.‘My Community Made’ is a new marketplace to compete with Etsy and Amazon Handmade.How to lower your taxable income and pay less in taxes.Learn how you can save time writing engaging content faster. AI can change your entire social media game today.Do you need a business bank account for your online business? Have a look at our review of the five best bank accounts for sellers, some of which are free with no minimum balance or deposits.Behind any great product is an inventor - and a patent. ![]()
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