• Unlocking Innovation: Patents, Funding & Shark Tank!

  • Feb 10 2025
  • Durée: 57 min
  • Podcast

Unlocking Innovation: Patents, Funding & Shark Tank!

  • Résumé

  • 🎬 Episode Highlights:

    📢 Big News for Inventors: Why now is the time to protect your ideas!

    💡 Patents vs. Trademarks: What’s the difference and when do you need both?
    💰 Funding Your Invention: Insights from special guest Vince Edwards of EB Ventures!
    🔥 Shark Tank Breakdown: How Euphoria Beauty used patents and trade secrets.
    🚀 USPTO Changes: How new policies affect patent wait times.

    🚨 Big USPTO Changes & What They Mean for You

    New executive orders are shaking up the USPTO:

    Remote Work Ban – Slower patent processing times.
    💸 Examiner Buyouts & Hiring Freezes – Increased delays and backlog in patent approvals.
    📉 What This Means: More wait time for patents, making early filing crucial!

    💡 Patents vs. Trademarks: What’s Right for You?

    Inventors often ask:

    "Do I need a patent or a trademark?"
    • 🏆 Patents protect how something works (functionality, mechanics, or formulas).
    • 🎨 Trademarks protect branding (logos, product names, and designs).
    • ⚖️ Both? Some products—like a unique cosmetic brand—use both to create stronger protection.

    💰 How to Fund Your Invention

    Vince Edwards of EB Ventures shares key funding tips:

    ✔️ Prove Market Demand – Investors fund scalable ideas with real demand.
    ✔️ Strong Branding – A registered trademark makes your business more attractive.
    ✔️ Licensing vs. Launching – Some inventors profit by licensing patents instead of starting companies.

    🔥 Shark Tank Breakdown: Euphoria Beauty’s Smart Patent Strategy

    We analyzed a Beauty, a brand that landed a deal with Mark Cuban on Shark Tank. Here’s what worked:

    ✔️ Design Patents: Protecting the product packaging instead of the formula.
    ✔️ Trademarks: Securing the brand name to build value.
    ✔️ Trade Secrets: Keeping the formula confidential instead of patenting it.

    📢 Lesson for Inventors: Not every innovation needs a utility patent—sometimes design patents & trade secrets are the smarter play!

    🚀 Want expert guidance? Drop your questions below or schedule a FREE Discovery Call today! Click Here!

    Support the show

    Have an invention or brand to protect? Or just curious about learning more? Download our FREE Inventor Kit here: https://keap.page/gw292/inventor-kit.html

    DISCLAIMER
    Everything discussed on this podcast is for informational purposes only and not for the purpose of providing legal advice.

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