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Why intellectual property is profitable

As part of our ongoing series examining the ecosystem necessary to bring technology to market, we asked David French, a senior Canadian patent attorney with 35 years of experience, to discuss the importance to a company of protecting its IP and how creating the position of “IP Coordinator” can facilitate the process. This is the first of David’s commentaries and we welcome your comments.

By David French

The theme of this website is getting technology, to market. This is an honorable objective. Indeed, I would like to present why intellectual property is a key part of the business case for getting technology to market. And doing it right.

Intellectual property such as patents, copyright, trademarks, designs and corporate secrets, all have an important place in the modern business enterprise. Entrepreneurs who are founding a business based on a new product invariably see the patent right as key. Angels and venture capitalists look for the comfort of patent protection when considering whether to make an investment. But even in the absence of a new patentable concept, every business has to address choosing a trademark under which it will be known. So you have to get at least a little bit wet in the IP birdbath.

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