Question
For startups at the pre-funding or seed stage, what is the best strategy relating to patents and other IP. As a high-tech startup, having a patent for the developed technology would be key to acquire substantial funding in the first place, but IP protection is expensive to begin with. What approach do you usually recommend?
Answers: 5 public & 0 private
Hi,
In general, startups have limited financial resources, but need the patent protection to entice investors. A good balance is to only patent core technologies. An option many overlook is purchasing other's patents. Consider limiting to US filings (or what jurisdiction you are in) until you can afford foreign if that is a desire. Go for patent agents, or small to med firms to avoid the higher costs of larger firms.
Hope this helps!
Mary
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