How to Use Your Early-Stage Intellectual Property to Raise More Money?

Apr 162019

In the early stage Intellectual property, the creation of new ideas is what matters the most. It encourages creativity among the commercial sectors which leads to the growth of your business as well as its place and extremely role in the enhancement of all business sectors. This is the reason it becomes extremely important to protect early stage intellectual property so that you see the new heights in your business as well as generate goodwill among your clients that takes you ahead of your competitors.

Every type of intellectual property has its own advantages. While protecting a trademark is very important and requires an extensive understanding of it, protecting an invention of a product or process as its own advantages too. For protecting industrial designs you must know the advantages of it and go ahead with the process. In a nutshell, early stage IP protection place a vital role in your business and you must consult a competent Patent Attorney in India to successfully start and complete the whole process of IP filing.

In order to use your early stage IP for the success of your business and position yourself ahead of your competitors in this cut-throat competition, there are some very easy ways that you must adapt.

Getting the right Patent Attorney

As discussed earlier getting the right patent office takes you one step closer to success. Although you can surely do your own patent search for free, when it comes to your time and efforts you must higher a competent Patent Attorney in India to get your job done. A Patent search is extremely important to make investors believe that they are not investing in something that has been taken already by somebody rather, their investment is worth.

Marketing your Patent

Being a startup or an established firm, there are a number of reasons why you should patent your ideas and inventions. You spend your valuable time, money and efforts only because you know that filing the patent will bring value to your business now or in the years to come. Since you have spent your time, money and efforts in getting your idea patented, marketing it is always a great idea. Showing on your banner that the slogan, logo and brand has been registered makes you appear as a market leader in front of the investors. Not only this, patenting makes you look that your ideas are original and thus creates a sense of trust on the investors and they get to know that you are not a business who copies ideas.

Making profits in different ways

When you know that your brand, slogan or logo has been patented, you have a sense of confidence that you actually own it. Apart from doing the marketing for your patents, you must ensure that your patent numbers are displayed on your products. The word ™ which stands for TradeMark is something you must mention on your products to indirectly let the copycats know that you have patented it. In this way, even after knowing that your product or idea is patented, if somebody tries to steal it, they have to pay a hefty royalty to you as you have patented the idea first. This can be another source of making money that too in a legal and proud way.

Making most from the Design Patents

In the world when people are running out of new designs and ideas, if your design is patented, it can be a big boost for your business. Patenting designs is something that looks lucrative and makes investors believe in you. It also shows your business as unique and makes you stand out from the crowd and if you make use of your designs perfectly, you can make a handsome profit out of it. This can be very rewarding for your business as well as for your investors.

Doing patents for your designs and ideas can be the best thing you can do for your business no matter whether you are a startup or an established business. In both cases, you can make more money with the above-mentioned steps which if implemented correctly, will be extremely rewarding.