In the current fast-paced and competitive landscape of Singapore’s business environment, intellectual property (IP) protection could contribute to the success and growth of start-ups and small businesses. In particular, patents offer significant advantages by safeguarding novel inventions, processes, and technologies. This article explores patent-related strategies for start-ups and small businesses towards protecting their innovations and enhancing their competitive edge.
1. Identifying and Prioritizing Key Innovations
A patent-related strategy involves identifying and prioritizing key innovations within the start-up or small business. Entrepreneurs could evaluate their inventions to determine their novelty, usefulness, and potential commercial value. Prioritizing key innovations allows businesses to focus resources on protecting the most valuable aspects of their IP. read more