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IP for Start Ups

BananaIP Counsels > IP for Start Ups (Page 4)

Importance of IP For Start-ups and Entrepreneurs (Part X): Checklist for Start-ups

Start-up

  These are some basic questions VCs and Investors ask before investing in a start-up. What is the value of Intellectual Property (IP) for the start-up’s business, revenues and competitive advantage in the market? Is the start up IP driven? How strong is the start-up’s IP portfolio when compared with its competitors? Is the IP ownership clear, and are all link documents in place? Will the IP Portfolio help in retaining revenues, and opening new revenue opportunities? Is the start-up’s IP licensable and sellable? What is the financial value of the start-up’s IP portfolio? Has the start-up protected all forms of IP such as patents, trademarks, copyrights, designs, etc? Does...

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Importance of IP For Start-ups and Entrepreneurs(Part IX): IP Risk Clearance Checklist

Start-up

Clearing IP Risks is very important before starting a business. A mistake with respect to this can kill a start-up. Some basic IP clearance steps to be taken by all start-ups and entrepreneurs are: Patent Risk Clearance Check if your business idea is the subject of any IP/Patent protection by another person or entity. Perform a patent search to check if any patents cover any aspect of your business. If your business or technology falls within the scope of any patent, perform a risk analysis. Look for strategies to design around, and if no such strategies exist, acquire a license or drop...

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IP for Start-ups: An NSRCEL-IIMB event

Featured Image is of the IIMB, as the post is about an NSRCEL organised panel discussion on intellectual property for start-ups in the IIMB auditorium on 5th September. To read the post click here.

On the 5th of September, 2015, NSRCEL has organised a panel discussion titled ‘IP for Startups’, to help start ups and entrepreneurs understand the Dos and Don’ts of IP management and its importance in the context of business. NSRCEL or the Nadathur S. Raghavan Centre for Entrepreneurial Learning, considered to be a hotbed for promising entrepreneurial talent, was founded in 2002, at the renowned Indian Institute of Management Bangalore (IIMB). The centre was founded with the objective to provide a platform for entrepreneurs to hone their skills and covert their raw talent into successful business ventures. Besides this, a dearth of...

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Importance of IP For Start-ups and Entrepreneurs (Part VII): Raising Funds from VCs and Investors in India

Start-up

The post below has been  previously published on 9th December, 2014. Besides minor dated references, the post gives a basic understanding of how start-ups can raise funds and get investments from venture capitals and other investors, through their intellectual assets.

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. This report estimates that India has around 3,100 start ups, and that 800 of them are being set up every year. By 2020, it estimates that India’s start up size will be around 11, 500.

Importance of IP For Start-ups and Entrepreneurs (Part VI): IP Risks

Start-up

  More often than not, start-ups focus on protecting their intellectual property, but ignore risks from intellectual property of third parties. IP of third parties may kill a business if appropriate risk clearance measures are not taken at the right time. While protecting IP is very important for start-ups and entrepreneurs, avoiding or mitigating risks from IP of third parties is even more important.   A start-up company must take necessary steps to avoid the risk of infringing IP of third parties. Avoiding or mitigating risks is some times more important than protecting a start-up company’s intellectual assets because one instance of infringement...

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Importance of IP For Start-ups and Entrepreneurs (Part V): Copyrights

Start-up

  Copyright protects ideas expressed on a tangible form. The expression may be in the form of literary work like website content, brochure content etc, photographic work such as pictures used on website, brochures, etc, artistic work like layout of website, drawings, etc, cinematographic work such as promotional videos, support videos, etc, and so on. Protection of copyrights provides several business and competitive advantages to startups and entrepreneurs. A startup company must protect its marketing materials, documents, websites and so on under the copyright law. Copyright protection over a work starts from the date of creation of the work and registration is...

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IP, Patents for Start-ups and Entrepreneurs IV – Trade Secrets and Confidential Information

Confidential Information is any information that has business or economic value because it is not known to others, and for which, appropriate measures are taken to protect secrecy. It can be any sort of information that fits into the said requirements. Business information, financial information, technical information, scientific information, plans, methods, client lists, designs, and any other such information that has economic value is protectable as confidential information, or trade secret. Protection of trade secrets and confidential information of a start-up company is very important but is generally neglected. More often than not, entrepreneurs take decisions or make disclosures based on...

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IP, Patents for Start-ups and Entrepreneurs III – Patents

Start-up

For a technology driven start-up or entrepreneur, patents form the most important intellectual assets. They provide the necessary exclusivity, and competitive advantage to start, build and grow the business. Patents are also considered as important assets by venture capitalists and investors before making investment decisions. So, every technology driven start-up must ensure that its technologies/inventions are properly protected under the patent regime. Once a decision on patent protection is made, the start-up company must file a patent application as soon as possible. Depending on the status of the invention and financial resources, the company may file a provisional or a complete...

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Importance of IP for Start-ups and Entrepreneurs (Part II): Trademarks

Start-up

Choosing the right name/business representation word, 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 strong emotional attachment to it without proper research. While it is important to be passionate about the business and its representation, every entrepreneur must take the following steps before finalizing on a business representation: a. Ensure that the name, logo or any other representation shortlisted is capable of achieving strong trade mark protection. It is well settled under the trademark law that a fanciful (newly coined word)...

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