To Patent or Not to Patent - That is the Question!

Pop quiz: What percentage of U.S. patents is litigated?

A- 1 to 2 percent
B- 3 to 10 percent
C- more than 10 percent

The right answer: A

With such a tiny proportion of patents enforced in court, why should entrepreneurs even bother patenting? But, in fact, for startups, the reasons to acquire patents have little to do with enforcement. Rather, patents play a critical role in signifying the ownership of something proprietary. It is this factor that helps startups secure capital and compete in the marketplace.

Great reminder from our friend Vic Lin over at Innovation Capital the value of a good patent.  The attributes are even more important when we consider the medical device industry and the value a protected idea/concept provides in fundraising or divestment.

Follow our friend Vic Lin @myipattorney and his company @icaplaw