In this Knowledge
era, the Small & Medium Enterprises has to fight smart against the
developed MNCs. Shortly to say SME's Vs. MNCs. The best weapon for SMEs is
Patent. SMEs has started fighting in this competitive by way of introducing a
innovative products at an affordable price.
An innovative product
will help the small entrepreneur to win the Large Companies, but there is a
threat that the small level entrepreneur may defeat the earlier by duplicating
the newly launched innovative products. Patent Registration will help the
entrepreneurs from infringement of their novel products.
Will it cost more to
Register a Patent?
It is a wrong
information that Patent Registration with the help of a Patent Attorney will
cost more. The cost involved for getting a patent Registered is very affordable
for a small companies too. Even they can consider this as an investment. A
small investment to fetch a huge profit.
- Invent a Product.
- Freeze the Concept
- Commercialise it
- (Drawing)
Ways for Commercialising
a Product
1. The most popular
and effective way of commercialising a Patent is by Marketing the same, as a
result sales will be increased
2. The smart and safe
way of commercialising the Patent is by Licensing on Royalty basis. This is a
smart way where an inventor can fetch regular revenue by way of Royalty.
3. The easiest and risk free way is by assigning the Patent to another Company and earn a huge money, which will in turn help the assigner to reinvent and strengthen the Company and he can use the fund for new inventions.
