Question
I have read that for many start-up companies, patent protection is usually not worth the cost. Is this true? Wouldn't a patent be a prerequisite for VC funding?
We are an IT start-up based in Japan. Our core business is the development of IoT Devices for healthcare applications. Thank you for you insight.
Answers: 3 public & 0 private
It depends on how valuable your invention idea may be. You should contact a patent attorney in the country where you wish to seek patent protection and discuss this in much detail with that attorney. Some patents are extremely valuable and a must for a VC but other patents can be worthless. The market you cite, IoT devices for healthcare would seem to have very high potential. Good luck!
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