Informed i’s Weekly Business Insights
Extractive summaries and key takeaways from the articles carefully curated from TOP TEN BUSINESS MAGAZINES to promote informed business decision-making | Since 2017 | Week 385 | January 24-30, 2025 | Archive
5 Ways to Improve Your Chances of Getting Patents
By Thomas Franklin | Edited by Chelsea Brown | Entrepreneur Magazine | January 27, 2025
Extractive Summary of the Article | Listen
3 key takeaways from the article
- Turning innovation into patents? It can be an uphill battle. The process isn’t just about one idea — it’s about managing a pipeline of ideas coming from your engineering team, R&D department or even external collaborators.
- Over 25 years, the author has worked with startups and established enterprises alike to navigate these challenges. He has seen what works and what doesn’t. Here is he shared his five effective strategies to improve your odds of success: focus on ideas with a higher probability of enterprise value, predict where your application will land before it is filed, tailor your tactics based on examiner analytics, track your patent portfolio with real-time insights, and build families of patents around key innovation.
- We didn’t just want patents — we wanted patents that mattered. That’s the essence of a winning patent strategy: securing protection for innovations that align with business goals and drive growth.
(Copyright lies with the publisher)
Topics: Entrepreneurship, Innovation, Creativity, Patents
Click for the extractive summary of the articleTurning innovation into patents? It can be an uphill battle. The process isn’t just about one idea — it’s about managing a pipeline of ideas coming from your engineering team, R&D department or even external collaborators.
The hurdles are real. Some ideas might not meet the threshold for novelty. Others could face tough patent examiners, leading to costly rejections. This leaves you facing critical decisions: “Should we push forward or shift resources elsewhere?” Entrepreneurs face tough decisions all the time, so measuring the risks is crucial.
According to the author he has seen companies pour tens of thousands into applications that go nowhere — resources that could have protected stronger ideas or fueled other growth and development. But it doesn’t have to be this way. By leveraging insights like knowing your application’s likelihood of favorable treatment, you can make smarter decisions and avoid wasted effort.
Over 25 years, the author has worked with startups and established enterprises alike to navigate these challenges. He has seen what works and what doesn’t. Here is he shared his five effective strategies to improve your odds of success: focus on ideas with a higher probability of enterprise value, predict where your application will land before it is filed, tailor your tactics based on examiner analytics, track your patent portfolio with real-time insights, and build families of patents around key innovation.
Patent prosecution isn’t just about getting by; it’s about winning. It’s about transforming your best ideas into competitive advantages that drive growth and protect your market. Winning takes more than effort; it requires strategy, precision and the right tools. Tools provide insights — predicting where your application might land, understanding examiner behavior and tracking your portfolio in real-time. But tools alone aren’t enough. Success demands:
Smart strategy: Prioritizing ideas and knowing when to pivot.
Team alignment: Uniting decision-makers, inventors and legal teams.
Expert execution: Drafting airtight claims and responding effectively.
With the right tools and winning mindset, you’ll make informed decisions and secure high-impact patents.
show less