Obtaining a patent for your invention requires capital, and for many startups, that initial capital is extremely valuable. At the early stages, especially pre-revenue, there are always more projected expenses than the pool of resources can handle. But, in the competitive landscape of startups, securing a patent can significantly enhance your company’s value. So, when is it strategically wise to allocate some of that capital into your intellectual property? If your company relies on an invention…6 ways patents add value to your startup
Obtaining a patent for your invention requires capital, and for many startups, that initial capital is extremely valuable. At the early stages, especially pre-revenue, there are always more projected expenses than the pool of resources can handle. But, in the competitive landscape of startups, securing a patent can significantly enhance your company’s value. So, when is it strategically wise to allocate some of that capital into your intellectual property? If your company relies on an invention…