Patent Power: Essential Insights for Startups & Beyond

Episode Summary

In this episode of Rock Solid IP, LPN Host Kendall Trosky talks with attorney Rob Wells from Rock IP Law Firm about patents and their importance for startups and innovators. They explore what patents are, the different types available (utility, design, plant), how startups can determine if their idea is patentable, and the steps involved in filing a patent. They also discuss common misconceptions about patents, how patents can provide a competitive edge, and how they differ from trademarks and copyrights.

 

Timestamps:

[00:26 - 01:39] What is a patent and how does it differ from other forms of intellectual property?

[01:39 - 02:07] Duration of patent protection (20 years) and its purpose.

[02:07 - 03:34] Different types of patents: utility vs. design patents.

[03:34 - 03:50] Example of design patents (e.g., iPhone rounded corners).

[03:50 - 04:11] Plant patents explained.

[04:11 - 05:12] How startups determine if their idea is unique enough for a patent.

[05:12 - 06:44] The difference in approaches: patentability study vs. filing without one.

[06:44 - 08:09] How patents give startups a competitive edge.

[08:09 - 09:27] Steps for a startup to file a patent.

[09:27 - 10:11] Recommended timeframes for reviewing intellectual property.

[10:11 - 11:16] How long the patent application process takes and what affects the timeline.

[11:16 - 12:23] Track One application and fast-tracking your patent.

[12:23 - 14:04] How industry type influences the choice of patent application strategy.

[14:04 - 16:07] Common misconceptions about patents, including provisional patents.

[16:07 - 17:50] Patents vs. trademarks vs. copyrights explained.

 

About The Show Rock Solid IP is a podcast dedicated to helping entrepreneurs, innovators, and startups understand and navigate the complex world of intellectual property (IP). Hosted by Kendall Trosky, the show features expert insights from professionals like Rob Wells of Rock IP Law Firm, who provide valuable strategies for leveraging IP to create real value from creativity and innovation. Topics range from patents, trademarks, and copyrights to the processes of securing and protecting intellectual property, as well as how to use IP as a tool for competitive advantage and business growth. With practical advice and real-world examples, Rock Solid IP is an essential resource for anyone looking to safeguard their innovations and maximize the potential of their intellectual property assets.