Website design By BotEap.comImportance of intellectual property when launching a new software innovation
Website design By BotEap.comWell, it depends on the type of innovation and the product. For example, there is a mobile game that has the character from a new movie. For a few months that game may be affected, but afterward, at times, it is expected to quickly fade. Therefore, inventions based on movements or actions of any specific nature may not be worthwhile even if they are patentable.
Website design By BotEap.comFor other products, the patent plays an important role. In the 1980s, SPC (Software Publishing Company) had the leading presentation software called ‘Harvard Graphics’. Harvard Graphics is very popular for lectures and presentations. Especially for people doing business, this software was the standard for conference and conference room presentations. It costs about a hundred dollars in floppy disks. Although there were many other presentation software at the time, Harvard Graphics was the market leader.
Website design By BotEap.comAfter that, Microsoft developed a program similar to the one that was not as good at the time as Harvard Graphics. Now it is known as power point. However, Microsoft bundled its word processor and spreadsheet programs with the power point. This package turned out to be Microsoft’s office. And it’s the same price as a copy of Harvard Graphics. Microsoft eventually killed Harvard Graphics. Not only that software, but also SPC and many other companies. At the time, competing directly against Microsoft had become nearly impossible.
Website design By BotEap.comAfter that, the courts recognized software patents as a permitted subject. In the late 1990s, software companies such as Adobe, Autodesk, and Intuit were able to protect their innovations with patents and began to grow and prosper.
Website design By BotEap.comProtecting the intellectual property of software has played a crucial role. It leads to the growth of competition in the field over the past two decades.
Website design By BotEap.comDevelop software-related innovation
Website design By BotEap.comStartups or companies developing software-related innovation must answer these questions if they want to build strong intellectual property protection: –
Website design By BotEap.comWell, it’s not about the technology, but about a unique experience that the buyer gets when using your product.
Website design By BotEap.comThe right way to think about obtaining patent protection for software
Website design By BotEap.comSoftware is something real, useful and important. Don’t think of it as just software. Well, customers are looking for more innovative things that solve their problems.
Website design By BotEap.comThe objective of the patent system is to promote and protect the invention. Any invention that is new, useful and not obvious is patentable, except for the secrets of nuclear weapons, the laws of nature, etc.
Website design By BotEap.comStartups budget their IP portfolios
Website design By BotEap.comThe need for an intellectual property depends on the nature of the start-up. Opening a pizzeria in Detroit may decide to register your name as a trademark and leave it at that. On the other hand, a tech startup funded by venture companies needs a portfolio of monopoly patents immediately to protect its market from competition.
Website design By BotEap.comSo consider them: –
Website design By BotEap.comconclusion
Website design By BotEap.comNon-strategic investing is simply a waste of money. The most valuable IP tool for any startup or company is an IP roadmap. Two of the many great benefits of being a startup are:
Website design By BotEap.com1.There is a total absence of historical baggage.
Website design By BotEap.com2 the possibilities for unimaginable success are endless
Website design By BotEap.comBut no one will start a journey without having a clear designation or a roadmap in mind. Similarly, if a company’s intellectual property “strategy” is simply to randomly collect patents, then all the company will have is a box full of random patents.
Website design By BotEap.comIf you want to build a true monopoly and want to protect the unique experience that keeps customers engaged, then starting with an IP monopoly roadmap of where you are going and how you can get there is essential.
