Here’s why you should patent your invention

There is nothing more exciting than the development of a new idea. We wouldn’t be where we are today in the world without fantastic ideas, and if you have one, you need to share it with the world as much as possible. Being in a position where you can invent something great is exciting, and it shouldn’t be considered as anything other than that! Inventing something means that you’ve had the smarts to go ahead and do something the world has yet to see, and if you are offering something that others haven’t seen before, that’s going to change the world, and you get to be a part of it! 

The problem? Inventions aren’t exempt from being stolen. You could easily find that your epic idea is snatched out from under you, and you wouldn’t be able to do anything to stop it, especially if you’ve told people all about it. However, with the help of intellectual property experts, you can start working on protecting your idea, and they’ll be able to talk to you about patenting your invention properly so no one else can take it from you. Patents take a long time to process, and the whole procedure of patenting an idea can be a bear to deal with. You will also find that it costs a lot of money – and so you need to be ready to go for it! Here are some of the reasons so that you can go ahead with your patent idea.

1. Getting a patent protects against other people copying your idea. It’s the first reason that people choose to get a patent in the first place. No one wants to have their idea copied or pinched out, and you can prevent that from happening when you get a patent. You can have a provisional patent in place so no one can take your idea, and this is a good way to spend some money, so you can protect your idea.
2. You can protect your company. If you are building a product or invention, you need to protect your company from going down the tank. Patent the invention so that you can enter the market with your product and no one can take it from you. If you don’t get a patent for it, you’re going to end up with a company that’s losing money.
3. Do better in the market. You can increase your market position when you have a patent portfolio, so it’s definitely something to look into for your specific niche. You can beat out the competition and get a better return on investment for your company as a result.
4. Getting licensing fees. You can’t commercialize your concept unless you get a patent, and when you do, you can then get licensing fees for others using your concept. It’s like royalties for a musician!

Patenting takes some time and resources, but the benefits of waiting that time and spending that money is huge. You need to get a patent sorted for your new invention – it protects you.

Photo by Vlad Bagacian