Inventors with a new product concept are rightly concerned with IP protection. They sometimes ask if they should invest in a patent for their new idea ASAP. Renaud and Andrew join Adrian to cover this topic here.
You’ll learn about types of patents, their cost, when a product is most likely to benefit from being patented, best practices for protecting your IP that you can follow before you file a patent, and plenty of examples of real businesses that had legal issues related to patents or who got to market successfully by being smart and careful about IP.
Listen here!
Listen: to the podcast episode
Watch: on Youtube
Episode sections
- 00:00 – Greetings & today’s topic: Patents for new hardware products.
- 03:33 – IP protection Basics 1: Always sign an NDA when disclosing the product concept to people in the industry.
- 04:58 – IP protection Basics 2: These actions will get your product idea copied early.
- 07:14 – The different types of patents.
- 10:39 – Approximate costs for patent applications and PPA timeline.
- 17:24 – If patents are too expensive, what alternatives are there for protecting IP?
- 22:04 – The 2 main fears of people launching a new product.
- 33:32 – The dangers of going to investors and pitching your new product idea.
- 36:37 – What to do if you have a ‘home run?’
- 39:17 – What if your product is not a home run?
- 41:14 – Which version of the new product really needs a patent?
- 46:20 – The dilemmas you face: To patent or not, and when to get a patent?
- 50:39 – Summary and wrapping up.
Related content…
- Read a whole selection of our content about Product IP Risks & Protection When Manufacturing [Resources]
- IP Protection in China when Developing Your New Product [Importer’s Guide]
- New Physical Products: Patents Should Come After Market Success
- What’s The Investment Required To Bring My New Product To Market?
- Misguided Legal Advice Given to Startups in China: 8 Examples
- How To Create A Valid Manufacturing Contract In China To Protect Your IP
- Will A China NNN Agreement Protect Us If We Start Assembling Products There?
Get help from Sofeast to check that potential manufacturers are trustworthy: Combined Supplier Due Diligence Checks (Best Results & Value)
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