THE IMPACT OF A PATENT STRATEGY…DO YOU HAVE ONE?

It is not uncommon for startup and early stage companies to be asked by investors if the product the company is taking to market is patent protected. This is not an unreasonable question, because strong patent protection can increase corporate value through higher valuations by venture capitalists or acquiring firms.

Why is a Patentability Search Important?

A patentability search is often an overlooked but, important step in the patent process. A search will reveal whether your idea has been publicly disclosed or is already patented. Conducting a patentability search as a first step is a prudent use of startup funds over forging ahead with a patent application only to determine thousands of dollars later that your idea is not patentable.