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IP for Start Ups

BananaIP Counsels > IP for Start Ups

Fast tracking #Patents in India: Join us on 23rd November, 2019, to discuss strategies for expediting #PatentGrants

Fast tracking #Patents in India: Join us on 23rd November, 2019, to discuss strategies for expediting #PatentGrants.

Changes in patent rules and proactive steps of the patent office now make it possible to acquire patent grants within one year from the date of filing a patent application. The cost for  acquiring the patent speedily is not very high, and business/financial benefits are significant. BananaIP Counsels, a top-ranked patent firm in India, has over the years helped several of its clients acquire quick patent grants in India and internationally. The firm's highly specialised patent attorneys use substantive and procedural strategies to help its clients hasten the process of acquiring a patent. Some of its clients' patent applications have received...

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India, Start Ups, Funding and Intellectual Property

This image depicts the title of the Article Start Up, Funding and Intellectual Property. Click on the image for more information

This post was first published on 9th December, 2014.   Funding activities during the last quarter, especially when it comes to start ups, was great! Apart from the US$ 1 Billion Fundraising by FlipKart, India saw several start ups being funded at various levels. A Report indicates 93 deals and a total funding of INR 97,738 Million. With the FlipKart deal, e-commerce businesses lead the pack in percentage of start ups funded based on sector. With respect to start up activities in the country, a 2014 NASSCOM Report rated India as the fastest growing start up ecosystem and the third largest in the world....

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Relevance of IP to Business

Start-up

This post was first published on 6th August, 2013.   It has been made amply clear in this column earlier that Intellectual Property (IP) can be an important tool for businesses to build, consolidate and grow. Having said that, considering the hype given to the subject, it is easy for a SME to misconstrue its potential and value. So, I wish to start this note by reiterating that IP is only one, among many layers that can form part of a company's business strategy. It, just like other tools, has the potential to take a business to the next level, provided that...

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Basic IP Practices for SMEs

Open source Licensing

This post was first published on August 6th, 2013.   Intellectual Property (IP) can play an important role in taking a SME to the next level in business, provided the company takes the right steps in the right direction. While the nature of IP actions to be undertaken by an organisation varies from company to company, there are some basic practices that every company must take to keep the option of taking advantage of IP, open. The upcoming editions of this column will cover some of the most important IP practices. The first step towards realizing value from IP is, gaining an understanding...

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Nature of Business and IP

Intellectual Property

This post was first published on 6th August, 2013.   In the last column, addressing the relevance of IP to business, I pointed out that assessing the value of IP to a business requires a multi-factorial approach. Among others, the nature of business forms one of the fundamental factors for the said analysis. Businesses are of different types, and so are forms of Intellectual Property. Therefore, integrating the two, not surprisingly, requires the right mix and match to maximize value. For an SME, with limited financial resources, the appropriate mix and match assumes very high importance. By now, it is well understood that...

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Simple Steps to Plug IP Drainout

Intellectual Property

This post was first published on 6th August, 2013.   Start-ups and SMEs are often focused on building business and staying afloat in the competitive market that more often than not they miss out on taking simple measures that can go a long way in protecting their IP that forms the crux of their business, from people who deal with it every day. Signing of appropriate employment agreements is one among many such simple steps in safeguarding IP and is extremely important for an organisation. Besides streamlining the human resource management related aspects of the organisation employment agreements provide ownership over employees’ creations...

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Do’s and Don’ts for an Employment Agreement

The image depicts a man writing.

  Original Date of Publication: November 26th, 2009 Do’s 1. Define the ownership of Intellectual Property created during the term of employment clearly. 2.Clearly state the extent to which IP will be transferred to the employer. 3. Ensure that Employee is obliged to execute all necessary documents and assists the Employer in transferring any Intellectual Property created by him during his employment to the Employer. Also incorporate provisions requiring employee's co-operation with respect to prosecution and litigation. 4. Ensure that Employee is obliged to refrain from using third party Intellectual Property without the permission of the Employer. Incorporate necessary safeguards in case of such a use...

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Do’s and Don’ts for a Non Disclosure Agreement

The image depicts the scrabble letters of 'start'

  Original Date of Publication: November 26th, 2009 Please note that the Do's and Don'ts provided hereunder are broad and non-exhaustive guidelines. Kindly consult a lawyer for specific advise. Do’s 1. Define the meaning of the term Confidential Information to cover all kinds of information that may be disclosed. Exclusions to confidential information may be included within the definition. 2. The purpose for which confidential information is provided must be lucidly stated in the agreement. 3. The parties permitted to access the confidential information must be clearly provided. 4. Ensure that the person receiving the confidential information is under obligation to sign stringent instruments of confidentiality...

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The IP Story of Small Enterprises in India

This image depicts several figures in a business conference. This post talks about SMEs and their opportunities. Click on the image to read the full post.

This post was first published on May 22nd, 2012. Value of IP, notional or real, is well recognized in India today. Thanks to the efforts of the government, many people know about patents and processes related to them. After so many training and awareness programs, one would imagine that small enterprises are IP savvy and their house is in order. Unfortunately, that does not seem to be the case in ninety-nine percent of such entities. On taking a quick peek at these companies, any IP professional with the ordinary understanding of business will note that awareness of IP is limited to patents...

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Choosing the Right IP Name/Business Representation

Trademark Infringement

This post was first published on March 14th, 2013. Name, logo, device or any other form of business representation is generally the first asset created by an entrepreneur. Often entrepreneurs finalize on a name or logo and develop a strong emotional attachment to it. While it is important to be passionate about your business and its representation, every entrepreneur must take the following steps before finalizing on a business representation: a. Ensure that the name or any other representation shortlisted is capable of achieving strong trademark protection. It is well settled under the trademark law that a fanciful (newly coined word) or...

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