What is a framework for innovation? What is the growth strategy?
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From the “Idea phase” into the “Invention phase”

From the “Idea phase” into the “Invention phase”

Inspiration can be found anywhere if you look around and be open to it. Ideas are relatively easy to come. “Sit-at-tea-discussions”, which are now given a fancy term “brainstorming sessions” generate wonderful ideas. It takes a lot of knowledge, time, money and efforts to refine an idea into an invention.

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But How do you begin with the idea process? First of all discover a problem. Take out a sheet of paper and write down whatever comes to your mind related to the problem; it doesn’t necessarily make sense and try to come up with a solution to the problem you just discovered. Only after you organize your initial idea, the actual design and development of your product will begin.

Turning an idea into  an invention — it takes lot of efforts and luck to launch a product into, and get that product accepted by, the marketplace. There are substantial barriers in the path of those who pursue innovation. Overcoming those barriers and accomplishing the tasks require careful planning and input from others.

You can’t just take an idea, plunk it down and say “OK, this is it.” You will be defining and tweaking your idea constantly even during development and prototyping.

Entrepreneurship can be a tough and long journey, and the success of your idea may be doubted by many people, even your family and friends! But remain focused on the value that your invention will deliver to your customers. You should be able to clearly explain the basic idea or concept behind your new product or service (in and out of the industry), have a prototype for demonstration of your new product or service, and you may seek professional advice to protect your intellectual property.

How will you determine if your idea will succeed?

One of the best ways to determine the success of your idea is to talk to people around, get customer feedback, before the complete development of the product/service and finalise your target market, pricing model and marketing strategy. Inorder to validate the entry of your product/service into the market carry out complete industrial trials for your product/service.

When you finally set out to launch your business, one of the most important trait you need as an entrepreneur is “Perseverance”. You’ll be told “no” many times but you’ve to move beyond the “no” and eventually, you’re going to get to a “yes.”

Understand that doing business isn’t a rocket science. No, it is definitely not easy to begin a business, but it’s not as complicated or as scary as many people think, either. It’s a step-by-step, common-sense procedure. So take one step at a time!!

 

Registration of design under design act 2000
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Registration of Industrial Designs in India

Registration of Industrial Designs in India”

An “Industrial Design” is an Intellectual Property Right (IPR) that recognizes and protects the new shape, configuration, surface pattern, ornamentations and composition of lines or colours applied to articles (visual design) and not the functional part of the object/article. The design can be made by hand, or by any tool or machine, or by combination also. The design is judged merely by eye, without the help of any other mechanical device.

How to register industrial design and protect your industrial design in INDIA?

The registration and protection of industrial designs in India is administered by the Designs Act , 2000 and corresponding Designs Rules , 2001 which came into force on 11th May 2001 repealing the earlier Act of 1911. The Design Rules, 2001 was further amended by Designs (Amendment) Rules 2008 and Designs (Amendment) Rules 2014.

The industrial design registration like any other Intellectual Property, is particularly useful. For many industries, design is the simplest way of differentiating their products from the competitive products and customers may also associate a product with particular company or with a particular quality standard based on the product aesthetics. Thus, the popularity of the industrial design is helpful in popularity of the business entity. Many companies that manufacture duplicate or imitation products usually copy the design and look of the product to gain market shares. As a result it becomes very important to protect a design.

Essential points for Registering of industrial design:

Following mentioned points are the essentials to be kept in mind before applying for the registration of the industrial design application in India:

  • The industrial design should be novel, original and has never been used before.
  • The industrial design should not have been disclosed to the public anywhere in India or in any other country prior to the priority date of the application.
  • The industrial design should relate to the article and its functionality.
  • The industrial design should have artistic value.
  • The industrial design should be significantly distinguishable from known designs or combination of known design.
  • The industrial design should not comprise or contain scandalous or obscene matter. Industrial design rights are granted for a limited period.

    The duration of the protection of industrial designs varies from country to country. In India, the registration of industrial design initially confers the right for 10 years from the date of registration. It is further renewable for a period of 5 years.

    If the fee for further period of registration is not paid within the period of initial registration, the industrial design rights will cease. But there is also a provision for the restoration of lapsed design. The lapsed design can be restored by filing an application for restoration within one year from the date of cessation in the prescribed manner.

    Our business strategy

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Company Legal Services to Startups in India

Company Legal Services to Startups in India

“If people are willing to bet on a lot of crazy notions, knowing that while some won’t work out, one breakthrough can change the world”.  – Bill Gates

What is a Startup?

As defined by Department of Industrial Policy & Promotion (DIPP)Startup means an entity, incorporated or registered in India :

  • Not prior to seven years, however for Biotechnology Startups not prior to ten years,
  • With annual turnover not exceeding INR 25 crore in any preceding financial year, and
  • Working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.

“Build something you believe in — because that’s the first step to building a great brand.”

At the initial stages of setting up any organization, every entrepreneur is faced with a large number of challenges. All these challenges are hefty reminders that owning and Running a successful business is definitely not easy. It’s worth it though!

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“Don’t aim for 10% improvement. Make it radically better and different.”

Before diving into the deep sea, founders should know that every legal decision they take has a potential to impact the company’s partners, investors, employees and customers. Therefore, it is essential that the founders develop an understanding of basic legal principles and practices associated with building a business.

Tax Laws and the Basics of Accounting

Every organization in the world, be it involved in any kind of  business as to pay taxes to the Central, State and/or local/provincial government(s), as the case may be. It is essential for every new entrepreneur to be aware about accounting details and tricky lanes of the taxation world. An aspiring entrepreneur should have sector and area-specific knowledge of taxation because the taxes applicable to different sectors, geographical regions and/or products vary greatly and it is obligatory to be acquainted with any recent changes that have taken place.

Structuring the business-Choosing the type of venture

The most important thing before pulling up a startup is selecting a legal form of conducting business. It is indispensable to determine whether you want to have a private limited company, public limited company, partnership firm, or a limited liability partnership, depending on your long-term goals and vision.

Each form of business will be governed by separate principles and laws. Not complying with the relevant laws means hefty sums will have to be paid to the Government. Thus, heavy loss before you can even start making profit.

Labour and Employment Laws

When you start an organization, you will eventually have to hire new people.

Even if you plan to have independent consultants and contractors working with you or outsource, all these employee-employer relationships will be governed by labour legislations. Breaching these will not only harm you financially but would also harm your goodwill, even before it’s built!

Securities Laws

Securities laws regulated by the Securities and Exchange Board of India (SEBI), will assist in managing the various stages of life cycle of business including fund-raising. Foreign direct investment, angel investors, crowd funding, venture capitals and even joint ventures are areas that a new entrepreneur must be aware about. It will help increase the profitability of the organization.

Information Technology (IT) laws

Today in this highly-digitalized, and technologically advanced era you inadvertently need the knowledge of Information Technology (IT) laws before starting a new business in order to protect your confidential data from any infringers or hackers.

Corporate governance

Despite being a small organization, a sound knowledge about corporate governance and management will help an aspiring entrepreneur in effectively managing the organization and formulate further expansion plans.

Contract laws 

A business survives on contracts. No organization would come into existence without the use of contracts. Therefore, basic knowledge regarding fundamental principles of  contracts, arbitration, mediation, conciliation certainly helps!

Intellectual property laws

Legally protecting intellectual property is of supreme importance to any business. Hence, filing the right patent/trademark/copyright claims, and timely IP audits of your organization, would increase the profitability of your venture manifold.

Thus, in order for an entrepreneur to sail his ship of business smoothly, a decent knowledge about some of the important legal laws mentioned above is of utmost important.

“ Find the perfect business idea and start building your business today. Build the enterprise and the brand as if you’ll own them forever.”\

We at Tech Corp International Strategist (TCIS, India) have an expert team of Indian lawyers who assist Startups with patent, business brand, trademark and logo registration in India.

List of legal services offered by Tech Corp International Strategist (TCIS, India) to Startups in India-

    • Incorporation of different types of Companies,
    • Formation (procedure) of Companies,
    • Financing the Companies,
    • Filing of various forms and Returns with the Authorities,
    • Promotion of a Company,
    • Contracts and Conversions,
    • Transfer and Transmission of Securities,
    • Intercorporate Loans and Investments,
    • Audits,
    • Economic and Commercial Laws,
    • Investments in India,
    • IPR,
    • Transfer of Property,
    • Stamp Duty,
    • Contracts and Agreements,
    • Society,
    • Trusts,
    • MSME,
    • Insurance,
    • Registration of Documents,
    • Cost and Management Accounting,
    • Labor Cost,
    • Material Cost
    • Activity Based Costing,
    • Cost records,
    • Budgetary Control,
    • Cost Audit,
    • Tax,
    • Charges,
    • Residential Status,
    • Various heads under which total income is calculated,
    • Deductions from income Calculation of Tax of HUF/Companies etc,
    • Procedure adopted for Assessment,
    • Tax Planning,
    • Wealth Tax Act,
    • International Taxation,
    • Service Tax/ Sales Tax/ VAT

 

How To Do a Patent Search & How Much Does It Cost
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The Patent Act 1970

Patents can be granted for under Section 2(1)(j) for a new invention.

PATENT ACT 1970

WHAT CAN BE PATENTED? WHAT NOT CAN BE PATENTED?

How To Do a Patent Search & How Much Does It Cost
What is the use of a patent? How do I look up a patent?

According to The Patent Act 1970” Invention means a new product or process involving an inventive step and capable of industrial application and “new invention means any invention or technology which has not been anticipated by publication in any document or used in the country or elsewhere in the world before the date of filing of patent application with complete specification, i.e., the subject matter has not fallen in public domain or that it does not form part of the state of the art.

Inventive step is defined as feature of an invention that involves technical advancement as compared to the existing knowledge or having economic significance or both and that makes the invention not obvious to a person skilled in the art.

Industrial Application according to The Patent Act 1970, means that an invention is capable of being made or used in any kind of industry. (Utility).

How To Do a Patent Search & How Much Does It Cost
What is a patent search?

Patents cannot be awarded for-

(a) an invention which claims anything in contrast  to well established natural laws. For example a machine that has more than 100% efficiency.

(b) Biological warfare material or devices or weapons of mass destruction, the intended use or commercial exploitation of which could be contrary to public order or morality or which causes serious prejudice to human, animal or plant life or health or to the environment.

(c) the mere discovery of a scientific principle or the formulation of an abstract theory or discovery of any living thing or non-living substance occurring in nature. For example, a microorganism discovered or isolated from nature cannot be patented,

(d) just the discovery of a new form of a known substance which does not result in the enhancement of the known efficacy of that substance or only the discovery of any new property or new use for a known substance or of the mere use of a known process, machine or apparatus unless such known process results in a new product or employs at least one new reactant. For example the discovery of new properties of a tulsi.

(e) a substance obtained by simply mixing two components resulting only in the aggregation of the properties of the components thereof or a process for producing such substance. For example- Combiflam [Paracetamol (antipyretic) + Brufen (analgesic)]. However, a mixture resulting into synergistic properties of components may be patentable.

(f) the mere arrangement or re-arrangement or duplication of known devices each functioning independently of one another in a known way. For example- an umbrella with a torch.

(g) a method of agriculture or horticulture. For example the process of producing new form of a known plant. However agricultural equipments are patentable.

(h) any process for or other treatment of human beings or any process for a similar treatment of animals to render them free of disease or to increase their economic value or that of their products. For example- a process relating to surgery.

(i) plants and animals in whole or any part thereof other than micro organisms but including seeds, varieties and species and essentially biological processes for production or propagation of plants and animals. For example- a process for production of plants or animals if it consists entirely of natural phenomena.

(j) a mathematical or business method or a computer programme per se or algorithms. However a new calculating machine or a software that has a commercial value is patentable.

(k) a literary, dramatic, musical or artistic work or any other aesthetic creation whatsoever including cinematographic works and television productions. A copyright can be obtained for the same.

(l) an invention which in effect, is traditional knowledge or which is an aggregation or duplication of known properties of traditionally known component or components.

(m) Inventions relating to atomic energy are not patentable. No patent shall be granted in respect of an invention relating to atomic energy falling within sub-section (1) of section 20 of the Atomic Energy Act, 1962.

International Food Technology India
Food+Tech Connect Food Tech Startup & Innovation News, Trends

SUCCESS MANTRA

Life is all about one and #zeros rest all numbers are noise on thehouse #strategy#BIGDATA #ALGORITHMS #Blockchain #MobileFirst #IPR #DIS2017 #India#GODigital #Entrepreneurs #Artificialintelligence #AI #HYPE #Patents #LAWYERBYPROFESSION #PATENTISMYGAME #MAKEINDIAGREATAGAIN #HealthcareTransformationSummit 

Our team at TCIS, India consists of experienced professional patent researchers, patent strategists, law experts and mediators who are experts and have experience in performing more than 2200+ patent searches in all technological domains.

Our technological THINKING GEEKS experts provide their assistance to gain a clear perspective over technical as well as market difficulties that Your PATENT may face while launching and entering into a country.

We at TCIS, India have a well renowned team of Lawyers of Delhi/ NCR who have vast experience of more than 12++ years.  We at TCIS, India have inspiring and tireless mediators who have successfully completed mediation in disputes related to co-founder disputes, company disputes, mediation is website ownership, trademark infringement, commercial disputes, patent infringement, intellectual property disputes, disputes in corporate sectors and trademark commercial disputes.

We at TCIS,India BELIEVE mediation is a voluntary and a non-coercive form of conflict management, wich is highly practical within the intricate dynamics of international relations, dominated by the principles of preservation of actors, independence and haptonomy.

Legal Tips what every startup entrepreneur needs to know?
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STARTUPS ENTERING THE SHARE MARKET

LEGALITIES AND COMPLIANCES

India’s economy is one of the fastest expanding in the world, with a rapidly expanding consumer class. India is one of the most promising new markets of the decade to come. For a company, not considering expanding a business to India means ignoring one of the most promising (if not the most!) markets.

For any Startup, a key requirement is its funding. Funding may be from various sources and one such source is the startup bank loan.

Startups in the manufacturing or trading sector for investing in plant, machinery, infrastructure, equipment and inventories can avail Startup bank loan.Banks generally don’t fund expenses like marketing, research & development, salary, rent etc.

Companies in the technology or service sector often cannot access funds from banks and are forced to run their startup with minimal financial resources (bootstrap).

THE BASIC FRAMEWORKS 

Startups can access and actively participate in the Indian share market by making public issue of securities and other instruments within the regulatory framework as stipulated by SEBI (Securities Exchange Board of India) from time to time.The most active stock exchanges in India are the BSE Limited (Bombay Stock Exchange) and the NSE Limited (National Stock Exchange of India).

BSE is the 11th largest stock exchange with more than 5500 companies publicly listed on it.

PUBLIC ISSUES

IPO (INITIAL PUBLIC OFFER)Initial Public Offer is the process through which an issuer company allots fresh securities (“Fresh Issue”) or offers for sale securities (“OFS”) held by its existing shareholders or a combination of both Fresh Issue and OFS to the public for the first time.

This paves the way for the listing and trading of the issuer company’s securities on SEBI-approved stock exchanges in India.

FPO (FOLLOW-ON PUBLIC OFFER) 

In the case of Follow-on Public Offer, an existing publicly listed company makes an additional issuance of its securities to the public or offer for sale of its existing securities to the public, through an offer document.

The process for executing an IPO or an FPO besides other offerings and issues like IDRs (Indian Depository Receipts), preferential allotment etc. is governed by the “Issue of capital and requirements” regulation of SEBI.

IPOs and FPOs are also governed by the Companies Act 2013, the Securities Contract (Regulation) Rules 1957 and the listing regulations.

FEMA(Foreign Exchange Management Act) and its various clauses and regulations including the FDI (Foreign Direct Investment) policies governed by the orders and circulars issued by the government and the Reserve Bank of India (RBI) act as ancillary legislations.

Eligibility Requirements for IPO

The following conditions need to be satisfied by an unlisted startup company to undertake an IPO of its equity shares:

  • The issuer company should have tangible assets of at least INR 30 million(3 crores) in each of the 3 preceding years, of which not more than 50% should be held in monetary assets. However, the limit of 50% on monetary assets shall not be applicable in case the public offer is made entirely through offer for sale;
  • The issuer company should have minimum average pre-tax operating profit of INR 150 million (15 crores) calculated on a restated and consolidated basis, during the 3 most profitable years out of the immediately preceding 5 years;
  • The issuer company should have a net worth of at least INR 10 million (1 crore) in each of the 3 preceding full years;
  • The proposed issue size and all previous issues in the same financial year should however not exceed 5 times its pre-issue net worth as per the audited balance sheet of last financial year; andIf the issuer company has changed its name within the last 1 year, at least 50% of the revenue for the preceding 1 year is earned from the activity indicated by the new name.
  • An unlisted public company cannot undertake an IPO, if the company has less than 1,000 prospective allottees and there are outstanding convertible securities of the company or any other right which would entitle any person any option to receive equity shares after the IPO.

Minimum Offer Requirements

The issuer company is required to offer: 

i. At least 10% of each class or kind of securities to the public, in an IPO, provided: the post issue capital of the company calculated at offer price is more than INR 40,000 million; and

The company shall increase its public shareholding to at least 25%, within a period of 3 years from the date of listing of the securities, in the manner specified by SEBI.

ii.    At least 25% of each class or kind of securities to the public, in an IPO.

SUCCESS MANTRA

Life is all about one and #zeros rest all numbers are noise on thehouse #strategy#BIGDATA #ALGORITHMS #Blockchain #MobileFirst #IPR #DIS2017 #India#GODigital #Entrepreneurs #Artificialintelligence #AI #HYPE #Patents #LAWYERBYPROFESSION #PATENTISMYGAME #MAKEINDIAGREATAGAIN #HealthcareTransformationSummit

Tech Corp International Strategist (TCIS), Helps Startups to Raise Funds & Assisting Foreign Companies to find Right Business Partner in India. Chief Strategic Officer (CSO) for your Startup IDEA. Investor incubating GREAT IDEAS and grow the startups. Assisting enterprise to enter and find RIGHT Angels, and VCs in Malaysia, Singapore, US, UK, Japan and India.

Our team at TCIS, India consists of experienced professional patent researchers, patent strategists, law experts and mediators who are experts and have experience in performing more than 2200+ patent searches in all technological domains.

Our technological THINKING GEEKS experts provide their assistance to gain a clear perspective over technical as well as market difficulties that Your PATENT may face while launching and entering into a country.

We at TCIS, India have a well renowned team of Lawyers of Delhi/ NCR who have vast experience of more than 12++ years.  We at TCIS, India have inspiring and tireless mediators who have successfully completed mediation in disputes related to co-founder disputes, company disputes, mediation is website ownership, trademark infringement, commercial disputes, patent infringement, intellectual property disputes, disputes in corporate sectors and trademark commercial disputes.

We at TCIS, India BELIEVE mediation is a voluntary and a non-coercive form of conflict management, wich is highly practical within the intricate dynamics of international relations, dominated by the principles of preservation of actors, independence and haptonomy.

Search and read the full text of patents from around the world with Google Patents, and find prior art in our index of non-patent literature.
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CO-FOUNDER AGREEMENT