Startups often face resource constraints, but having a strong patent strategy can be a game-changer. Here’s how startups can balance cost, timing, and value:
1. Start with Provisional Applications: File a provisional application to secure an early priority date while keeping costs manageable.
2. Prioritize Key Innovations: Focus on protecting core technologies that provide the most competitive advantage.
3. Leverage the PCT System: Use the PCT to defer costs while exploring international opportunities.
4. Build a Strong Portfolio: Develop a layered patent strategy that includes utility patents, and design patents, if possible.
5. Monitor Competitors: Keep an eye on competitor filings to identify opportunities and risks.
A well-executed patent strategy can attract investors, boost valuations, and ensure long-term success for startups.
