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.
INTELLECTUAL PROPERTY PLANET 