Intellectual Property

Multiple studies have shown a direct correlation between a startup’s patenting strategy and the probability of its success in fundraising or commercial growth. That’s why safeguarding intellectual property for your startup in the form of patents, trademarks, or copyrights is the need of the hour. Also, the impact is stronger when you protect your innovation in the initial phase of your business than after the ideas have become successful. Let’s look at 12 ways how having a sound IP strategy from the beginning can help your startup: 1.       Prevent copycats Most startups face stiff competition from companies of all sizes where everyone wants to gain a competitive edge with less resources and time. As a startup, you are completely dependent on your inventions, so you must protect them from potential infringements such as imitations by competitors. Patent protection puts a legal check on your competition and prevents others from misusing your property. 2.  ...

The metaverse is a common buzzword on the internet nowadays. But what is it really?  Simply put, the metaverse is a virtual space that uses augmented reality (AR) and virtual reality (VR). People have digital avatars that allow them to interact with the digital environment and other users. The metaverse is accessible via mobile devices, desktops, and extended reality headsets. Examples include Decentraland, The Sandbox, Metahero, and HyperVerse. The metaverse – and the investment flowing into it – provides opportunities for companies looking to innovate in this rapidly evolving space. Like the Internet, it will transform business, technology, and art. Patenting and Metaverse The concept of the metaverse is decades old but it is gaining popularity now. The video game industry was the first to establish it. Inventors can apply the best practices used for previous video game technology to prepare metaverse-related patents. Major  corporations  like IBM, Microsoft, HTC Co...