What is the return on investment for patents?

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.

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Answers: 3 public & 0 private

Ashutosh choudhary
IP Consultant

Apart from Brian comment, I think its always worth to go for provisional before going to VC. Provisional application will substantially protect your idea and will provide you sufficient time to discuss the idea for funding. Also it not a costly process and can be executed by inventor himself.

We should be as protective as we can. Who knows your idea can be our next Google...

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