Do you need a patent?


IP Watchdog published an interesting article about some of the reasons behind receiving a patent for an invention. They are as follow:

  • The fear that others will steal it
  • To generate licensing revenue (royalties)
  • To prevent or reduce competition
  • To maintain or acquire market share
  • To enhance company valuation
  • Because investors want it
  • For business credibility or marketing
  • For personal credibility or vanity
  • For the experience
  • Because someone told you that you should
  • To avoid infringing someone else’s patent

Every one of them is discussed in the article. More information here.