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Is it a good idea to file a patent for my product idea? How soon should I do it? Where should I file the patent? I am told it is really important but not sure how to start. |
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I wouldn't worry too much about it - I'd focus on building your product and executing well instead of getting a patent for an idea. Patents take time, and someone could very well build whatever it is you're trying to get patented while you're in the process. Whether or not you should get a patent depends on many things; mainly on the nature of your product. If the product is web-based, I'd focus on getting something out the door. If it's a new product or new method, maybe. Also, you want to consider patents between countries; a patent in one country might not be enforceable in another. |
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Most startups file patents to create/document value, not to protect the idea. A patent is sometime a verification for investors that the startup has something that is worth patenting. you can also use the buzz word "patented technology" to market your product. I'm yet to see a case where patenting the idea created any difference to the core business of a startup. Competitors will always find a way around patents. And as a startup, you can't afford to file multiple patents for each idea to block all the ways to the idea. |
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Coming from a software development background and having worked for very large companies, I know how much patents can be worth and how they can attract acquisition. At the very least, they help you protect your IP, even if you are not looking to sell the patent. The last thing you want, is for you to be working your ass off on getting a new technology in place and for someone else to steal your idea, patent it and then sue you for it. So, if nothing else than to protect yourself, I would say, at least cover your basis and have the provisional patent in place, at least in the main countries where you will be marketing and expect competition to come in. |
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