Many startups are basing their business plans and valuations on their innovation; patents and industrial designs can be the most valuable asset of the company. One of the best strategies to secure protection for your innovation involves the filing of a self-written provisional patent application. On October 21, beginning at 5 p.m., PCK will be providing a hands-on session in which founders can learn the basics of patents from Andrew Currier.
In the age of the “Lean Startup” $100,000 can be enough to get a startup well off the ground. However, with such tight budgets and limited funding there is often not much room left to pay a professional patent agent several thousand dollars to draft your patent application. This article provides some pointers on how to draft your own provisional software patent application.
Flat-out ignoring patents and SRED can result in leaving a lot of value on the table. Whatever one may think of patents, it is a fact that they can provide enormous value to a technology company if they are done correctly. By the same token, a successful SRED claim can lead to a significant short term financial boost for cash conscious companies.
Why is it that worldwide rankings of startup hubs group together a handful of population centres in Silicon Valley amounting to almost 7.5 million people, but Waterloo and Toronto, with only 124,600 and 5.8 million people respectively, and with equally as much mixing of talent between them, are always ranked separately and pitted against each other as competitors? Toronto and Waterloo are producing some of the most innovative new companies of the future. Fostering talent in both regions and bringing great ideas and great minds together can only work to our mutual benefit and ability to tackle the world scene. Geography should be no object.