If you have an idea for an industrial invention, you can’t let it go to waste. You need to preserve it, conserve it and persevere towards creating it.
All the while, you should also find a way to ensure that that incomplete invention is protected. That’s where provisional patent comes in. It’s a way to ensure that your invention, however incomplete it is, is still protected in the eyes of law. This blog will cover everything that you need to know about provisional patent.
Why you should choose a provisional patent?
A provisional patent is a way for you to reserve your ownership of your incomplete invention. Suppose you are creating an engine powered by a unique type of fuel. It’s a novel idea, something that many people might be interested in. Therefore, you need to find a way to ensure that your idea is reserved under your ownership until the invention is complete and you can get complete patent registration. A provisional patent registration gives you a “provisional” protection that ensures that your invention idea is protected for 1 year before filing complete patent registration. The benefits of provisional patent registration include the following:
- It prevents others from filing the patent application of similar type of invention. It’s your idea and only you have the right to reap its benefits.
- If there is any dispute in future regarding your invention, you, as the provisional registration holder will be favoured above your opponent.
- The cost of filing provisional patent registration is lower than that of complete patent registration.
- The time taken for provisional patent registration is less.
- As an applicant, you can file the application of provisional patent application on your own.
- After you become the holder of provisional patent registration, you can remain stress-free as you develop your invention fully.
- In the 1 year of protection that you get after registering your invention as provisional patent, you can market your product and create a hype around it.
Now, those are the things that you get once you’ve filed a provisional patent. However, they are all useless of you don’t know what to do once you get the provisional patent.
What to do after you get the provisional patent?
Once you’ve successfully registered your invention as a provisional patent, you are on a countdown of 1 year. Within that year, you have to complete your invention and by the end of it, you have to file a complete patent application. Now, the road leading towards complete patent registration is a long and an arduous one, but the following steps will make it a bit easy for you to move forward.
- Make changes: A provisional patent is just the initial step to give legal recognition to your invention. It’s just a shield, protecting your ownership towards your invention until you make it better. So, now, your job is to make changes to your invention as you see fit to make it better, and worthy of getting a complete patent registration.
- Make multiple versions: It’s only through trial and error that you can achieve the best invention possible. Rework your invention, think of various versions that you can make, get your innovative mind to race towards your ultimate goal of invention.
- File a secondary patent application: if your invention goes through multiple unique changes within that year, you should file a secondary patent application. Consider it the application to patent an invention within an invention. The more inventive you are, the more provisional applications you’ll need. But, the more provisional applications you have, the higher the chance for you to get the complete patent registration.
- Generate general interest: Market your invention through digital media and create a hype surrounding it. Make people anticipate your invention so that once it’s complete, you have all the buyers you need to make that invention worth a lot of money.
- Find investors: As I’ve already told you in the previous section, you can create a hype surrounding your invention. This is therefore, a good time to find investors for your patent. Their money will help you come up with a better invention, paving the way for a profitable venture.
Do these things after obtaining provisional patent registration and you’ll earn more from your invention that you might make in a lifetime.
I have told you the untold truths about provisional patent registration. They pave a way for a better invention, better market, better investors and better profits. To know more, contact our patent registration experts today.