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.

Mentioned

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39899 Balentine Drive,
Newark, California
1301 Fannin St #2440,
Houston, Texas
405 Lexington Avenue
9th floor, NY 10174
Canada,
4915 54 St 3rd Floor
Red Deer, Alberta
Estonia,
67/1-13B Tartu Maantee,
Harju County, Tallinn
Pakistan,
Fl 3, 2nd Floor, Block 3,
Gulshan-e-Iqbal, Karachi
USA
CANADA
PAKISTAN
ESTONIA
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