Vaccinate Your Business Against Your Competition with a Patent 🦠

Moderna polynucleotide primary mRNA construct

I got my second vaccine dose this week and ended up getting pretty sick for a day or so. As I was laying in bed recovering (wondering how I would get around to writing my weekly patent post), it crossed my mind that the vaccine is actually a great analogy for patent protection.

It takes time to book an appointment, go to the pharmacy, and get your shot. And there is the cost associated with the fact that you may react with various symptoms that could last a day or two.

It also takes time and effort to prepare for a good patent application, and it is going to cost a fair bit initially to complete the preparation, draft, and file the application.

The vaccine protects you against COVID-19 and the patent protects you against your competition!

On the other hand, if you don’t get the vaccine, you could be facing a far more serious situation. There is a significant risk of getting COVID-19, and potentially even dying from it.

Similarly for innovative businesses that depend on their technology for their competitive advantage, if you don’t get a patent application it could cause serious issues. Your competition may create a similar product and run you out of the market, or even put you out of business.

If your business is innovative, get your vaccine against your competition by pursuing a patent!

PS: If you’re wondering about the image, it’s a polynucleotide primary mRNA construct from one of Moderna’s patents related to the COVID-19 vaccine.

Worried About Wasting Your Funding on Legal Costs? 💸

Patents can be very valuable to a business (for certain businesses or in certain cases, they are absolutely necessary for success), but they can also be a complete waste of A LOT of money.

The only way to make sure you aren’t wasting your money on patent protection is by getting the help you need to understand how patents work from a business perspective (not just a legal perspective). How will a patent impact your business, positively and negatively? What products or aspects of your products should your business file a patent on specifically?

Once you understand the business side of patents and how they might fit in with your specific technology and plan, you will be in a far better position to make the right decisions and to optimize your investment into patent protection.

If you’re considering a patent, make the most out of your effort and budget by learning and preparing before going to a lawyer.

If you need help with this, we have a program with over 5 hours of training videos (among many other materials) and I’m prepared to personally coach you through every step of the way. Just get in touch!