Startup Companies

Are you startup companies with a lot of new ideas and innovations, then you need to check for the patents? Patenting an idea and invention is very crucial for startup companies. According to the sources, 200 people world wide would have the thought of the same idea! So that puts an end to the myth of originality. In such circumstances it’s always advisable to put your idea in record in your name. So go in for an idea patent. Otherwise you have no claim to ownership of the idea, service or product you've worked on. A patent usually lasts 20 years from the date that you applied for the patent. Some inventions can and do fall under two categories of patents-utility and design. The law says that you can apply under both. But, design patents are valid only for 14 years.

Who can patent an invention?

The patent application must be in the name of the actual inventor. If more than one person is involved, you all apply as joint inventors. The citizenship of the applicant doesn't matter; a Russian creator can submit an application in America, no questions asked.

Introducing the world to your invention

If you decide to introduce or display to the world to your invention before it's actually ready to be patented, say at a fair or in a magazine, you have one year from that publication date to apply for a patent. If you don't respect that rule, you lose your right to a patent.

Before you're all set to patent your invention, you may ask for a Disclosure Document. This is a paper, effective for two years, that discloses your invention and more importantly its date of conception. It doesn't have the same legal power as an application, but it's a more convincing type of substantiation.

There's also the possibility, if you choose, of filing a Provisional Application for Patent. This procedure was established to allow for cheaper ways to apply while giving American applicants the same weight as foreign inventors. If you go for this option, you'll be authorized to use the term "patent pending" in relation to your creation. From that moment, you'll have one year to apply for a regular patent.

For the start up companies and the people who are ready to go for a patent, here are some preliminary steps to patent an idea

First of all keep your big idea a secret. Don’t let the cat out of the bag. If you do tell some one sign a Confidentiality Agreement first.

Search your idea well. Someone may have already patented your idea before. In that case it will be months of useless work & toil for you. In case you do come across someone who has patented the idea before, go through their design well. Your design may be an improvement upon the old design. Even then you could patent it…with some professional help.

Remember you are patenting your product to make a profit. Do some market research on it. The product or a kind of it may already be in the market, or maybe there is no demand in the market for your product. Ironically, the presence of a product similar to yours in the markets indicates a demand for your kind of product in the market.

From a detailed drawing of your idea, to a working model, your patent information plan will need prototyping to discover the building challenges you will face. Prototyping need not be expensive. Large product developments are often conceived on a computer design system. Search the Internet for prototype manufacturers and developers. Consider contacting associations in your industry for prototype company leads.

From the time of your idea inception, to the final stages of product shipment, you will need help. Surround yourself with knowledgeable and successful people. Have a patent attorney as well as assistance from other professionals like an accountant. Choose your professionals well.

Spend time on your patent information plan determining who will sell your product? Many new entrepreneurs and inventors assume they can just license their idea to a big company. Corporations take only a small percentage of outside inventions.

Be prepared to have alternatives. Be open to new distribution channels. The inventor of "Jones Soda" first used tattoo parlors as a distribution point until he built a loyal following.

Do not forgo the licensing route. No. The process of submitting your product idea to a large company can expose you to the level of rigor your idea needs. It may also expose you to new demands.

Get professional help to apply for a patent, from searching, to application preparation to filing and finally to later protecting your interests, professional help is always advised.

Remember, the level of success achieved in the end depends on all the hard work you put into your research and development.