article thumbnail

The Importance Of Intellectual Property Protection In Entrepreneurship

YoungUpstarts

If you have ever come up with a unique invention, you may already realize how important it is to protect your intellectual property. The United States Patent and Trademark Office understands this, and works to ensure that applications for new intellectual property are given their due and protected under US law.

article thumbnail

10 Key Business Founder Checks Needed Before The Plan

Startup Professionals Musings

You need intellectual property , such as a patent, trade secret, or process expertise that will be a barrier that you can defend. Many of the business plans I see are built around a dream, with idealistic costs, margins, and customer demand. Calibrate your ability to rise above competitors and copycats.

Founder 262
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How To Find the Right Co-Founders?

Steve Blank

For example, if you’re building a mobile app, then the key activities are: app software development, user interface design and demand creation skills. For medical devices it might be mechanical engineering, clinical trials, regulatory approval, freedom to operate (intellectual property) and figuring out a reimbursement strategy.

Cofounder 335
article thumbnail

How to Protect IP When Outsourcing Software Development

Up and Running

In many areas, however, the high demand for tech talent appears to be larger than the supply of qualified tech and software developers for hire. The last thing you want is to have simply handed your idea and your intellectual property over to a potential competitor. It’s a valid concern. Start with a contract.

IP 80
article thumbnail

I-Corps @ NIH – Pivoting the Curriculum

Steve Blank

Hypotheses about Intellectual Property, Reimbursement, Regulation and Clinical Trials found on the left side of canvas are as, or more important than those on the right side of the canvas. We needed to cover Intellectual Property, Reimbursement, Regulation and Clinical Trials a month earlier in the class than in the current format.

article thumbnail

Business Owners Need To Understand Intellectual Property Law

YoungUpstarts

Understanding the four main types of intellectual property is a preliminary step to intellectual property acumen as patents, trademarks, trade secrets and copyrights each have their own legal protections. Does my company own its intellectual property? What should my IP strategy be?

article thumbnail

6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

I suggest you use social media, blogging, crowdfunding, or documented research to quantify a real demand from people who can afford it, and don’t have a better alternative already out there. Just because you think it’s a great idea doesn’t mean there is a business opportunity. Make sure your solution is defensible and unique.