Hello all,
I read many good comments in this thread so far. Unfortunately, they
are all from Entrepreneurs. I know there are Business Angels Networks
managers on the list and I hope they will participate and give their
opinion also.
It is true that patenting and protecting the IP can be very time and
money consuming but it is also true that this is the first question
asked to technology start-ups and although there are examples of very
successful web start-ups that did not have any IP and made it because
of other competitive advantages, critical mass,etc… most of the
investors I met are not willing to put their money in a business that
does not own any protectable IP…
Regards,
Barbara
2009/3/24 david j w bailey <[address removed]>:
> The best patent advice I received was "do you have £300k to fight a patent
> action right now?"
>
> Patents can, however become useful later in M&A and they can be used as
> bargaining chips to swap when you come up on the radar of a megacorp who
> then "discovers" you are "infringing" on one of theirs (just to put you
> under pressure).
>
> Outside of biotech or "hard engineering" I, personally, feel them to be a
> distraction for most Start-ups.
>
> IANAL, YMMV, etc.
>
> Sent from my BlackBerry® wireless device
>
> ________________________________
> From: David Whitewood
> Date: Tue, 24 Mar 2009 05:01:50 -0400
> To: <[address removed]>
> Subject: Re: Re: RE: [entrepreneur-1056] Patent Attorney
> Hi Andy.
>
> I am just picking up on this thread.
>
> The whole field of Patents is a very expensive journey. Before you head out
> on this journey you really need to ask yourself what is unique about your IP
> and whether patents will really deliver the protection that you think you
> are paying for? The better route maybe to invest the money on gaining
> competitive advantage through business development activities.
>
> If you really need to go the patent route then you also need to consider how
> you will engage with potential partners, clients without disclosing the IP.
> Some large organisations will attempt to INVENT around your patent in order
> to ring fence it or render it useless without their IP. This could include
> manufacturing or application patents.
>
> Happy to share my experiences 1:1 if you like.
>
> David Whitewood
>
>
>
>
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