America's SBDC TN Presents: The Ultimate IP Workshop- Managing a Business

Description

How do you protect your intellectual property (IP)? How can you leverage your patent to grow your business? Why should innovators and entrepreneurs consider IP protection? Did you know that IP offers territorial rights - there is no such thing as an international or global patent? When used as collateral, a patent increases venture capital funding by 76% over three years and increases funding from an initial public offering by 128%. The U.S. Patent and Trademark Office will discuss the different types of IP, territorial rights, and the importance of understanding IP for a business strategy.

Organizers: Reynaldo Vasquez, USPTO Texas Regional Outreach Officer
Stephen Williams, Director, TSBDC at Roane State Community College 
Gregg Bostick, Director, TSBDC at Pellissippi State Community College
Jutta Bangs, Counselor, APEX Accelerators, University of Tennessee 

Takeaways
1. Learn the intellectual property types such as patents, trademarks, copyrights, plus trade secrets and understanding each type. 
2. Learn about leveraging IP as a business strategy and why innovators and entrepreneurs should consider protecting their IP?
3. Learn about IP territorial rights how to help protect your intellectual property (IP) in foreign jurisdictions.

• Startup companies that have a patent are far more likely to be successful in raising funding for new product development and expansion of production than those that have not secured intellectual property protection.

• When used as collateral, a patent increases venture capital funding by 76% over three years and increases funding from an initial public offering by 128%.

• The approval of a startup’s first patent application increases its employee growth by 36% over the next five years. After five years, a new company with a patent increases its sales by a cumulative 80% more than companies that do not have a patent.

Speaker(s): USPTO
TSBDC 
APEX Accelerators