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Writer's picturePrateek Daswani

Startups

Startups are often focused on developing and launching innovative products or services, and securing intellectual property protection can be an afterthought. However, filing a national phase application is a crucial step in protecting your intellectual property and increasing your startup's valuation.


Intellectual property is one of the most valuable assets of a startup, and securing patent protection through the national phase filing route can help to increase the valuation of the company. A granted patent or a pending national phase application can provide a competitive advantage, as it gives the startup exclusive rights to their invention and prevents others from using or copying it without permission.


Furthermore, investors often look for evidence of patent protection before investing in a startup. A granted patent or pending national phase application can increase the attractiveness of the company to potential investors, as it demonstrates that the startup has valuable intellectual property assets and a competitive advantage in the market.


In addition, patent protection can be a key factor in attracting strategic partners, licensees, and customers. By having exclusive rights to the invention, the startup can license or sell the technology to others and generate additional revenue streams.


Filing a national phase application also provides startups with the opportunity to expand their intellectual property protection internationally. This is particularly important for startups that are looking to expand their business globally, as it allows them to secure patent protection in key markets.


The national phase filing route can also provide startups with the ability to enforce their intellectual property rights. If the startup's invention is copied or used without permission, the granted patent or pending national phase application can provide the legal basis for the startup to take legal action against the infringing party.


In conclusion, startups must take the national phase filing route to increase their valuation and protect their intellectual property. A granted patent or pending national phase application can provide a competitive advantage, increase the attractiveness of the startup to potential investors, and provide the legal basis for enforcing their intellectual property rights. By securing international patent protection, startups can protect their intellectual property assets, expand their business globally, and maximize the commercial potential of their innovative products or services.


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