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Entrepreneurship: Other Things to Consider

Startups and the basic of Entrepreneurship

Intellectual Property

 

Intellectual property:  

Intellectual Property in the United States consists of patents, trademarks, and copyright. These can be valuable to entrepreneurs in a variety of ways such as helping develop and refine a product, providing protection for ideas, developing branding and marketing materials, and surveying competitors' activities.

Patents:  Types of Patents

There are three types of U. S. patents: utilitydesign, and plant. The utility patent is the most common type of patent as it is the patent which protects unique inventions. Each type of patent has its own numbering scheme.

  • Utility patents are completely numerical: 5,146,634

  • Design patents have the letter D before the number: D339,456

  • Plant patents have the letters PP before the number: PP08,901

Patent protection  

Patents provide intellectual property protection for 20 years for inventions that are unique, useful, and non-obvious. In return for property rights, the inventor must provide detailed information about the invention in order "to promote the progress of science and useful arts" (U.S. Const. art. I, sec. 8).

Searching for patents can be very helpful in idea generation, surveying the competitive landscape, and finding technical information on an invention. More information patent searching is available in the Patent Libguide.

Additional Resources

Market Research- Free Resources