Should You Pay for Patent Protection?

For years, and all the way up to today inventors debate: share freely or guard your secrets? Some said, “Sharing sparks progress! Who cares if someone borrows? The best ideas will win!” Others scoffed, “Sharing is for birds! Lock it down before someone swoops in!” Then, a third voice chimed in, “Hold on! What if there’s a middle ground?”

Schools of Thought

1.     You don’t need to worry about patent protection or keeping your inventions a secret when talking to companies looking for new ideas. The chance of someone stealing your idea is very low. Keeping your idea a secret can actually slow down progress and be more detrimental than the risk of a competitor taking it.

2.     You should have full patent protection on your invention before talking to companies. Your intellectual property needs to be completely developed before telling anyone about it, whether it’s in the public or private, to get the best protection.

3.     A provisional patent is enough protection to start talking to companies that are looking for innovative ideas.

Flexible Options

Enter Remarkable Venture, a platform built for flexibility around patent protection. Here’s how it works: you list the painful problem being solved along with the benefits of the invention without revealing the nitty-gritty details (which is the intellectual property). Interested companies see your potential in the listing and sign an optional non-disclosure agreement (NDA) in the listing that replaces patent protection until they take the next step of buying or licensing the invention.

Think of it like a treasure hunt! Companies hunt for solutions, and you hold the map. You share just enough to pique their interest, but the real treasure stays safe until a partnership forms. This way, even without a patent, your idea is a trade secret, hidden from prying eyes.

Added Bonus

And guess what? Remarkable Venture listings can even help you get that coveted patent! Partnering with a company that can share the financial burden, makes patent protection a dream within reach.

Treat it Like a Trade Secret

Any pre-patented idea can be viewed as a trade secret and the best way to protect a trade secret is to use NDA protection.  Want to learn more about trade secrets? Dive into “Trade Secrets: Keeping them Secret and Safe” or visit the USPTO website.

But wait, there’s more! Remarkable Venture isn’t just for inventors. There are so many creative ways to transform listings into an organizing, showcasing and presenting tool for finding investors, partners, support vendors, buyers or licensees for any unique and creative idea that brings value to someone else.  The opportunities are endless so get creative with advertising your innovative ideas!

Consider this:  Companies seeking innovation can easily search and connect with potential partners at Remarkable Venture. No more searching networks and sifting through mountains of ideas! Listings are presented in a simple and very visual format that minimizes search time.  The platform fosters trust and efficiency, building bridges between brilliant minds and companies ready to turn those ideas into reality.