Technology For Change

The Importance of Patents in Entrepreneurship

In Episode 5, Abeer Raza sits with the president of American Patent Agency PC, Mr. Daniar Hussain, and Mr.Stephen Hou, a Patent Prosecution Advisor at APA PC. The duo from APA PC discusses the importance of Patents in the life of an entrepreneur, the process of applying for a patent, and the long-term business benefits of protecting your inventions. So whether you develop software or are the owner of a physical product, you can protect your Intellectual Property and gain the competitive edge you need to find success in your niche.

Tekrevol’s Podcasts
episode #05

Timestamps

  • 00:27 – Guest Introduction
  • 01:58 – How two engineers became patent experts.
  • 03:11 – How Dan helped NASA Scientists acquire their patents
  • 05:38 – Are NDAs important for businesses applying for an IP.
  • 08:40 – The process of applying for a Patent.
  • 10:45 – How to Know if your idea is patentable according to the US Patent Law.
    • - 101 Patent – Patent Subject Matter
    • - 102 Patent – Novelty
    • - 103 Patent – Non-obviousness
    • - 112 Patent – Written Descriptions
  • 13:58 – How are patents law enforced, and are patents universal?
    • - Process of enforcing a patent law
    • - How businesses can use provisional patents to pursue VCs and investors
  • 22:17 – Do patents in essential services hinder technological developments that can help people?
    • - Compulsory Licensing outside of the US
    • - Improvement in Research and Development
    • - Public Disclosure promotes development globally and stops information hoarding and obfuscation.
    • - Information accessibility allows other people to improve on those innovations more rapidly.
  • 31:00 – How do patents improve the value of a business looking for mergers and acquisitions
    • - Buying and Selling Patents
    • - Patent Bundling and Licensing
    • - How do Patents change a business’s valuation in the market?
  • 35:22 – Should businesses invest in Patents and R&D during crises, such as Financial Crisis and COVID-19 pandemic?
    • - Has the patent industry taken a significant fall as a result of the current pandemic?
    • - The impact of businesses becoming more digitally oriented.
  • 37:16 – How did Dan start the American Patent Agency and their road to success as a business.
    • - What it takes to be an entrepreneur
    • - Identifying the potential of a business
    • - Exploring technology such as AI and Machine Learning
  • 42:42 – What is the future of APA and its goals?
    • - As Mentors and as the go-to patent experts for IP protection
  • 44:20 – The story of Dan and Stephen’s First Patent.
  • 47: 17 – How can technology help improve the process of applying for a patent.
    • - Legal Tech and its application
    • - Uses for Machine Learning and Artificial Intelligence
    • - Automating Legal Documentation and Patent Documentation
  • 50:51 – Steps entrepreneurs should take before contacting a Paten agency like APA?
    • - Documentation
    • - Long-term use case identification
  • 53:48 – A final word of advice for entrepreneurs looking to protect their IP.

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USA,

39899 Balentine Drive,
Newark, California
1301 Fannin St #2440,
Houston, Texas
405 Lexington Avenue
9th floor, NY 10174
44 Tehama St, CA 94105, San Francisco 400 NW 26th St, FL 33127, Miami 740 15th St NW 8th Floor, DC 20005, Washington
Canada,
4915 54 St 3rd Floor
Red Deer, Alberta
Dubai,
R5 Retail Level, Cluster R, Jumeirah Lakes Towers, Dubai
Pakistan,
Fl 3, 2nd Floor, Block 3,
Gulshan-e-Iqbal, Karachi
USA
CANADA
PAKISTAN
DUBAI
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