Which of these Patent Myths Are Impacting Your IP Strategy?

There’s a lot of misinformation about patents out there. Here are some of the top “Patent Myths” we’ve heard recently:

  • MYTH: The lack of a significant patent portfolio won’t affect your company.
  • REALITY: By not protecting all your potentially patentable inventions you are “leaving money on the table.” In fact, having a patent portfolio can increase the valuation of your company by nearly 30%.
  • MYTH: There’s always been a steady flow of companies patenting their inventions. It’s a normal part of business and there’s no reason to prioritize it.
  • REALITY: Currently companies all over the world are participating in an intellectual property “land grab.” According to WIPO, overall patent activity is up strongly (8.3% annual growth) and globally as China is turning up the IP heat big time (21.5% annual growth).
  • MYTH: To protect your inventions with patents you need to hire an IP law firm.
  • REALITY: Companies large and small are working with TurboPatent to obtain better quality patents in about half the time and at half the cost of a law firm. (Our “secret sauce” is AI-powered patent tools help us draft extremely high quality patents very quickly).

We’re always happy to answer any questions about patents or the patent process. Contact us here.

TurboPatent | 105 S Main St. – Suite 240 | Seattle, WA 98104, United States
Phone: 206-681-9321 | Email: info@turbopatent.com

© Copyright 2013-2020 TurboPatent Corp. TurboPatent® is a registered trademark of TurboPatent Corp. Invention Hub™, SmartShell™, Inventioneering®, RapidResponse™, and RoboReview™ are trademarks of TurboPatent Corp. While we are not a law firm, we engage with a law firm to assist with supervised drafting on a project basis. The law firm can then file the drafted application or, if you prefer, you can file the drafted application yourself or with the assistance of another counsel of your choice.