10 Critical Intellectual Property Mistakes That Can Destroy Startup

Introduction

Intellectual property is one of the important yet misinterpreted assets for start-ups. Entrepreneurs intensively focuses on the development of products, market research and validation and fund raising, but they forgot to strategize the IP protection and overlook the importance of the IP protection until it's too late. These oversights may be catastrophic and potentially destroy years of hard work and invested money.

The most common yet most dangerous mistakes that startup makes in IP protection along with the explanation of 'why they matter and how to avoid them', are discussed below:

1. Public disclosure of invention before filing for protection:
   The most common and devastating mistake usually a startup can make, is disclosing its innovative and novel idea publically, unknowingly before obtaining a proper IP protection. This apparently innocent act can destroy the novelty of the invention and may demolish the changes of to obtain the patent