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Electric vehicles and the Future

Electric vehicles and the Future 

The popularity of electric vehicles has shot up over the last few years with a great shift in the public’s attitude towards electric vehicles and a constantly improving public recharging system. Electric cars and trucks are powered by electricity and are cleaner and cheaper to drive than conventional vehicles.  With a rapid increase in the use of personal vehicles around the world, the demand for fuel is also increasing. Transportation accounts for about one-fifth of global energy use, and passenger vehicles account for about ten percent of energy-related carbon dioxide emissions. In such a scenario, electric vehicles hold significant potential for increasing energy security, cutting emissions and improving local air quality.

Electric vehicles is a broad term that refers to a wide range of cars and other vehicles. However electric vehicles are of following types:

  1. Hybrid-electric vehicles are powered by an internal combustion engine system with an electric propulsion system to reduce fuel consumption and tailpipe emissions. These advanced vehicles cut fuel use and costs while maintaining performance, protecting public health and the environment.
  2. Plug-in hybrids are hybrids with high capacity batteries that can be charged by plugging them into an electrical outlet or charging station for short-range travel on battery power alone.
  3. Battery electric vehicle run entirely on battery power, utilizing chemical energy stored in rechargeable battery packs thereby producing zero tailpipe emissions. They are recharged from an electrical outlet.
  4. Fuel cell vehicles uses a fuel cell instead of an electrical battery. Fuel cell electric vehicles are powered by hydrogen. Unlike conventional vehicles which run on gasoline or diesel, fuel cell vehicles combine hydrogen and oxygen to produce electricity, which runs a motor.

Electric vehicles have several advantages over conventional vehicles like electric vehicles are energy efficient and environment friendly providing performance benefits and reduced energy dependence. However the market of electric vehicles is still developing, and there are many battery related challenges, particularly with technology integration, optimization, and scale-up.

Recent Patents filed in the electric vehicle market:

WO/2017/213838

Title: ALL ELECTRIC VEHICLE WITHOUT PLUG-IN REQUIREMENT

Assignee: WELSCHOFF, Heinz (1820 NE 56th Court, Fort Lauderdale, FL, FL, US)

Publication Date: 14 Dec 2017

Abstract:

An electric powered vehicle includes a battery pack capable of storing electric energy, A fuel engine operated with a clean fuel. A generator or alternator 126 having communication with the engine, and supply electric energy to the electric driving motor A starter of the fuel engine activates when a sensed charge of the battery pack falls to or below the DMF value. Included is a second 128 and third generator or alternator 130 in communication with the fuel engine during periods when no electrical communication exists between the EDM and the battery pack. The second and third generators maintain an electrical output to the battery pack until the battery packs are fully charged. Included is a rear generator or alternator 152 in communication with a rear drive shaft assembly, or differential, including a level orientation sensor and a rotational velocity sensor communication between an output of such communication enabled upon any downhill motion of the vehicle above a predetermined operational velocity determined by the velocity sensor. A second rear generator 156 is controlled by an accelerator pedal, rpm sensor, electric clutch and is activated when no pressure is applied by a driver upon the accelerator pedal, permitting charging of the battery pack by the second rear generator 156 only upon a condition of zero acceleration. A third rear generator 300 is activated by the brake pedal and brake pedal switch does charge the battery packs 102/104.

WO/2017/211793

Title: ELECTRIC POWERTRAIN, TRANSMISSION, AND VEHICLE

Assignee: PUNCH POWERTRAIN N.V. (Industriezone Schurhovenveld 4125, 3800 Sint-Truiden, 3800, BE)

Publication Date: 14 Dec 2017

Abstract:

The present disclosure relates to a powertrain (K) for driving a vehicle (C). The powertrain (K) comprises two powertrain modules (Y,Y’) comprising each a rotating machine (M,M’) and a transmission (T,T’). The transmissions (T,T’) are arranged to align their respective output shafts (S2,S2′) towards a common wheel axis (A1) for driving a pair of opposite wheels of the vehicle (C). The first rotating axis (A3), the second rotating axis (A3) and a central axis (A0) of the powertrain K are parallel and offset with respect to the each other and the first rotating axis (A3) and the second rotating axis (A3′) are mirror-symmetrically offset on opposite sides of the central axis (A0). In this way a compact and versatile design is achieved.

WO/2017/213850

Title: RESPONSE AMPLITUDE MODIFICATION FOR HYBRID ELECTRIC VEHICLE MISFIRE DETECTIONS

Assignee: FCA US LLC (1000 Chrysler Drive, Auburn Hills, Michigan, 48326, US)

Publication Date: 14 Nov 2017

Abstract:

Misfire detection techniques for a hybrid electric vehicle (HEV) including an internal combustion engine and an electric motor involve utilizing a crankshaft speed sensor configured to generate a crankshaft speed signal indicative of a rotational speed of a crankshaft of the engine that is coupled to the electric motor via a flywheel. The techniques also utilize a controller configured to control the electric motor to provide a vibrational response to dampen disturbances to the crankshaft, receive the crankshaft speed signal, selectively modify the crankshaft speed signal to obtain a modified crankshaft speed signal, and detect a misfire of the engine based on the modified crankshaft speed signal and a set of thresholds including at least one of a negative misfire threshold and a positive vibrational response threshold.

US 20170355272

Title: IN-VEHICLE STRUCTURE OF ELECTRIC-POWER CONVERTER

Assignee: TOYOTA JIDOSHA KABUSHIKI KAISHA (Toyota-shi, JP)

Publication Date: 14 Dec 2017

Abstract:

In an in-vehicle structure described in the present specification, an electric-power converter is fixed onto a transaxle and positioned in front of a cowl top. The electric-power converter includes a capacitor configured to restrain a high-frequency fluctuation in a voltage of electric power supplied from a battery, and a discharge circuit configured to discharge the capacitor. A connector (a signal connector) to which a wiring harness for communication of a discharge instruction signal to operate the discharge circuit at a time of a collision is connected is provided on a side face of the electric-power converter, the side face of the electric-power converter being facing in a vehicle width direction.

US 9843234

Title: Electric machine for a vehicle, in particular for a utility vehicle, and method for protection against ingress of water

Assignee: MAN Truck & Bus AG (Munich, DE)

Publication Date: 12 Dec 2017

Abstract:

An electric machine for a vehicle, in particular for a utility vehicle, includes a rotor mounted rotatably on a shaft and a stator surrounding the rotor, at least one device of the electric machine located in at least one pressure chamber which is subjected at least intermittently to an overpressure which is elevated with respect to the ambient pressure. The over pressure in at least one pressure chamber protects against ingress of water

US 9843187

Title: System and method for aggregating electric vehicle loads for demand response events

Assignee: Honda Motor Co., Ltd. (Tokyo, JP)

Publication Date: 12 Dec 2017

Abstract:

A computer-implemented method for aggregating electric vehicle loads for demand response events includes receiving a demand response (DR) event request from a utility system indicative of a DR event for an area. The DR event request includes at least one event parameter for participation in the DR event. The method includes determining a first original equipment manufacturer (OEM) DR event load for the area based on the DR event request and charging data received from electric vehicles associated with a first OEM. Upon determining the first original OEM DR event load does not meet the at least one event parameter, the method includes aggregating charging data from electric vehicles associated with a second OEM with the first OEM DR event load to determine an aggregated DR load for the area.

US 9840164

Title: Electric vehicle

Assignee: SUZUKI MOTOR CORPORATION (Hamamatsu-Shi, Shizuoka-Ken, JP)

Publication Date: 12 Dec 2017

Abstract:

An electric vehicle capable of efficiently and reliably cooling a power converter disposed inside an exterior. An electric vehicle includes a frame extending in a longitudinal direction, a power converter being long in the longitudinal direction along the frame, and an exterior extending in the longitudinal direction to cover the frame and the power converter, the exterior defining a cooling air path between the power converter to allow cooling air to flow through the cooling air path along the longitudinal direction. The power converter extends in the longitudinal direction in the cooling air path, and includes a plurality of heat radiation fins protruding toward an inner surface of the exterior, and the exterior includes an air induction port provided at a front end of the cooling air path to allow travelling wind to flow into the cooling air path.

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Innovation In the Wellness Sector

Lately, there is an escalation in the number of medical cases due to an unhealthy lifestyle, absence of physical workouts, and non-conventional food habits. This makes the Indian wellness industry, a very big prospect in terms of revenue and target market. India has an unmatched heritage represented by its ancient systems of medicine. Indian systems of medicine and homoeopathy particularly Ayurveda and Yoga are widely recognised for their comprehensive approach to health and are effective in both prevention as well as curation of a disease.

India is the second largest exporter of Ayurvedic and alternative medicine in the world with the wellness market of worth INR 490 Billion. The demand for Ayurveda, Yoga, Naturopathy, Unani, Siddha and Homoeopathy (AYUSH) and herbal products is surging in India and abroad. India has 6200 indigenous herbal plants and its vast reservoir of natural flora, fauna, ancient texts and knowledge have made it an authority in the field of AYUSH. The country’s vast AYUSH infrastructure comprises of 736,538 registered practitioners, 26,107 dispensaries and 3167 hospitals in public sector, 501 undergraduate colleges with annual intake of 28,018 students, 151 centres for postgraduate[ education with annual admission of 3504 scholars and 8896 licensed drug manufacturing units.

The Government of India has set up a dedicated Department of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH) with the aim of providing stimulus to the ancient healthcare system. The Indian system of Ayurvedic medicine and homoeopathy continue to be widely used. The recent patents filed in the wellness industry in India are:

1). 201617032677

Title: SYSTEMS METHODS AND ARTICLES FOR ENHANCING WELLNESS ASSOCIATED WITH HABITABLE ENVIRONMENTS

Assignee: DELOS LIVING LLC

Publication Date: 20 Jan 2017

Abstract:

Environmental characteristics of habitable environments (e.g. hotel or motel rooms spas resorts cruise boat cabins offices hospitals and/or homes apartments or residences) are controlled to eliminate reduce or ameliorate adverse or harmful aspects and introduce increase or enhance beneficial aspects in order to improve a “wellness” or sense of “wellbeing” provided via the environments. Control of intensity and wavelength distribution of passive and active Illumination addresses various issues symptoms or syndromes for instance to maintain a circadian rhythm or cycle adjust for “jet lag” or season affective disorder etc.. Air quality and attributes are controlled. Scent(s) may be dispersed. Noise is reduced and sounds (e.g. masking music natural) may be provided. Environmental and biometric feedback is provided. Experimentation and machine learning are used to improve health outcomes and wellness standards.

2). 201711021610

Title: A SYSTEM AND METHOD FOR REAL TIME ASSESSMENT OF WELLNESS AND HEALTH INSURANCE

Assignee: eExpedise Technologies Private Limited

Publication Date: 4 Aug 2017

Abstract:

The present invention provides an integrated system to expedite the risk assessment process at the time of issuance of policy, and determine the premium based on several preventive care initiatives of individuals at the time of issuing health insurance policy, wherein the system identifies list of options for services, provides a score, makes a decision on issuance of policy, calculates the premium amount and relays the information to a user or proposer. Further, the system provides services selected from the group consisting of details of service provider, underwriting, claim adjudication, suspicious profile management, wellness advisory, predictive analysis, cost of the service based on health records and the user selects at least one option from provided list of options.

3). 201727033542

Title: METHOD FOR STRESS MANAGEMENT AND OVERALL HEALTH STATUS IMPROVEMENT AND COMPOSITIONS USED THEREIN

Assignee: OMNIACTIVE HEALTH TECHNOLOGIES LIMITED

Publication Date: 10 Nov 2017

Abstract:

Carotenoid compositions are described for management treatment and/or prevention of stress by reducing cortisol levels and/or improving distribution and/or density of macular pigment and thus improving overall health status. More particularly a subject in need thereof for the method has disturbed macular pigment optical density or increased levels of cortisol as markers of psychological and physiological stress. Methods are also described of administering macular carotenoid compositions in daily doses of at least or about 0.005mg/kg body weight of lutein and at least or about 0.001mg/kg body weight of meso zeaxanthin and zeaxanthin isomer along with at least one food grade excipient and evaluating overall health status. The composition may be derived from plant extract containing xanthophylls and/or xanthophylls esters. The composition also reduces cortisol levels in the blood and relieves physiological stress thus improving overall health status of a subject in need thereof.

4). 201747033855

Title: SYSTEM, DEVICE AND METHOD FOR REMOTELY MONITORING THE WELL BEING OF A USER WITH A WEARABLE DEVICE

Assignee: KONINKLIJKE PHILIPS N.V

Publication Date: 6 Oct 2017

Abstract:

Systems devices methods for providing a speech pattern as a metric of well being system for remotely monitoring the wellbeing of a patient are disclosed. In one exemplary embodiment a system can include at least one wearable device that is configured to collect body sensor data and speech pattern data associated with a patient wearing the device and analyze the data to determine if the patient’s emotional well being is compromised. In some exemplary embodiments the wearable device can be configured to send an alert to at least one caregiver device that indicates the patient’s emotional well being is compromised. The wearable device can also be configured to send recommendations on courses of action to alleviate the condition.

5). 201727025770

Title: BEHAVIORAL ANALYSIS TO AUTOMATE DIRECT AND INDIRECT LOCAL MONITORING OF INTERNET OF THINGS DEVICE HEALTH

Assignee:  QUALCOMM INCORPORATED

Publication Date: 29 Sept 2017

Abstract:

The disclosure generally relates to behavioral analysis to automate monitoring Internet of Things (IoT) device health in a direct and/or indirect manner. In particular normal behavior associated with an IoT device in a local IoT network may be modeled such that behaviors observed at the IoT device may be compared to the modeled normal behavior to determine whether the behaviors observed at the IoT device are normal or anomalous. Accordingly in a distributed IoT environment more powerful “analyzer” devices can collect behaviors locally observed at other (e.g. simpler) “observer” devices and conduct behavioral analysis across the distributed IoT environment to detect anomalies potentially indicating malicious attacks malfunctions or other issues that require customer service and/or further attention. Furthermore devices with sufficient capabilities may conduct (local) on device behavioral analysis to detect anomalous conditions without sending locally observed behaviors to another aggregator device and/or analyzer device.

6). 201717026255

Title: EXERCISE DEVICE

Assignee: TE3 OY

Publication Date: 17 Nov 2017

Abstract:

The invention relates to a device (100) for performing exercises comprising a housing (105) a deviation sensor (140) for detecting a deviation of said housing (105) from an equilibrium and a control unit (110) coupled to said deviation sensor (140) arranged to count deviations from the equilibrium.

7). 201717031179

Title: METHOD AND SYSTEM FOR REAL TIME VISUALIZATION OF INDIVIDUAL HEALTH CONDITION ON A MOBILE DEVICE

Assignee: RATH Matthias W.

Publication Date: 24 Nov 2017

Abstract:

A method and technology to display 3D graphical output for a user using body sensor data personal medical data in real time is disclosed. A consolidated methodology to bring user meaningful life information based on real time sensor results analysis expert Q&As “What if scenarios and future emulation all in one artificial intelligence expert system is described. A unique rendering of 3D image of ones organ cell or subcellular level display related to one’s health condition can be visualized on a graphical user interface of a devices or devices. The change of the display from one level such as from organ to cell or cell to subcellular level or vice versa is enabled is disclosed.

 

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Protecting Trade Secrets in India

How to protect TRADE SECRETS in India?

The primary goal of “Make in India” initiative was to make India a “Global Manufacturing Hub”. With both multinational companies and domestic companies manufacturing their products within the country, the significance of exports and the manufacturing sector in India has increased considerably. Several measures have been taken to ensure continuous and unending improvement of the Indian IP ecosystem in the country due to the need to extend such to exports for its proper commercialization.

Just as other Intellectual Property Rights, Trade Secrets are extremely valuable and sometimes even critical for a company’s growth and survival. Trade secret is a formula, process, device, method, technique or other business information having commercial value. This information is kept confidential and exclusive. Reasonable steps have been taken to maintain its secrecy to get competitive advantage over the competitors.   

For example, Trade secrets like Coca-Cola’s formula for its aerated drinks have been preserved for many decades and is not in the public domain.

India has no specific law for the protection of trade secrets. But, Article 39 of Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement to which India is a signatory provides for the specific provision for the protection of undisclosed information.

Article 39 of the TRIPS Agreement states that:

  1. In the course of ensuring effective protection against unfair competition as provided in Article 10b is of the Paris Convention (1967), Members shall protect undisclosed information in accordance with paragraph 2 and data submitted to governments or governmental agencies in accordance with paragraph 3.
  2. Natural and legal persons shall have the possibility of preventing information lawfully within their control from being disclosed to, acquired by, or used by others without their consent in a manner contrary to honest commercial practices (10) so long as such information:                                                                                                                     (a) is secret in the sense that it is not, as a body or in the precise configuration and assembly of its components, generally known among or readily accessible to persons within the circles that normally deal with the kind of information in question          (b) has commercial value because it is secret; and                                                        (c)

    has been subject to reasonable steps under the circumstances, by the person lawfully in control of the information, to keep it secret.

  3. Members, when requiring, as a condition of approving the marketing of pharmaceutical or of agricultural chemical products which utilize new chemical entities, the submission of undisclosed test or other data, the origination of which involves a considerable effort, shall protect such data against unfair commercial use. In addition, Members shall protect such data against disclosure, except where necessary to protect the public, or unless steps are taken to ensure that the data are protected against unfair commercial use.

     Unlike Patents and Copyrights which can be protected for about 20 years and 100 years respectively, trade secrets can potentially last much longer. A trade secret continues to remain a trade secret as long as any other person does not independently discover the information.Due to the absence of law for the protection of trade secrets, Indian courts have approached trade secrets protection on the basis of principles of equity, action of breach of confidence and contractual obligations.

    In India, a person can be contractually bound to not disclose any information which is told to him in confidence and if the person discloses the information, he/she can be sued for violating the Non-Disclosure Agreement.

    Companies can include a non-disclosure agreement in their employment contracts which prevents the employees to disclose any sensitive and confidential information regarding the company during their term of employment with the company or afterwards so that the secret is not spilled out. In cases where the trade secret is in a physical form like blueprints, files etc. a strict Security System should be in place so that this confidential information remains confidential.

    If your business relies on sensitive information that you would consider to be a trade secret, we encourage you to consult with a legal practitioner for advice on maximizing its protection.

    Patents | Intellectual Property India

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Non-Disclosure Agreement

In business, there are numerous instances in which you have to share confidential information with another party. For example you have a business idea. In order to execute the idea you will have to share the idea with potential partners, investors or employees.

Startup companies with a new and profitable idea can only succeed if what they are working on remains under wraps. But the key to doing so safely is making sure that the other party is bound to respect the confidential information you provide them and not use it in a way that is detrimental for your business.

Inorder to keep a lid on the sensitive information, a non-disclosure agreement, or NDA, alternatively referred to as confidentiality agreements (CA), confidentiality statements, or confidentiality clauses is signed between two parties.

A Non-Disclosure Agreement is typically put to use while disclosing confidential information to potential investors, creditors, clients, or suppliers. Some people might not like the idea of signing a non-disclosure agreement saying “Don’t you trust me?” But without such a signed agreement, any information disclosed in trust can be used for malicious purposes or be made public accidentally. NDA is a promise between two or more parties that the information conveyed will be maintained in secrecy.

The confidentiality of the information is maintained for a specified period of time as mentioned in the agreement. But once the information is made public, that loses it’s “confidentiality” people will be free to disclose the information.

Types of Non-Disclosure Agreements:  

The specific content of each Non-disclaimer agreement is unique as it will relate to details of specific information, proprietary data involved and what is being discussed. In general there are two types of non-disclosure agreements.

  1. Unilateral Non-disclosure agreement: A unilateral agreement binds only one party to the agreement for example a company signs a unilateral non-disclosure agreement with an employee. Employee agrees not to disclose or reveal confidential information learnt while on the job. The majority of NDAs fall under these category and are intended to protect a business trade secret. Researchers and professors at research universities or at R&D department in the private sector are at times required to sign an NDA before they carry out research with the business or university that supports them.
  2. Mutual non-disclosure agreement: A mutual non-disclosure agreement is typically executed between two parties exploring a possible business arrangement or a joint venture or some other possible merger that might have a mutual benefit to both parties.7 Simple Ways You Can Protect Your Idea From Theft

 

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Series A Financing

 

What are we aiming at GOLDILOCK Economy for Our Business Startup which will take into account the challenge I would like to UNDERPIN. We want best of everything. Knowledge is always outside our comfort zone. Unicorn business model takes into account economic growth of the country as the startup provide job opportunities, low inflation rate, more employment to the GEN X population who are very intelligent in many ways. The holistic view of the contextual experience is increase in asset price of the intellectual property created by the individual creative mind.

There are peaks and troughs in fund-raising journey of a startup business. Startups go through multiple rounds of financing to raise investment in order to cover business expenses based on escalation of company’s valuation.

HOW to evaluate Business Growth?

In case of mobile app innovation what is the frequency of usage of the user spending time on the mobile application.

After the business has shown some of a track record, and when company is generating some revenue (though it might not be net profit), Series A funding is a critical stage in optimization of product and services and for the growth in customer base. The ultimate goal of series A round of financing is to cover up the expenses involved in carrying out additional market research and finalization of the product or service that the company is introducing in the market.

The company is still in the product development stage so the risk involved in the series A round of funding is the highest and Series A funding is commonly offered in the form of preferred stock and may have anti-dilution provisions in case more financing is given, in the form of common stock or preferred stock, in the future.

In an increasingly competitive marketplace, many startups are unable to impress investors to get Series-A funding because of multiple reasons like the venture failed to demonstrate their ability to grow; the team failed to build the skill-sets and competitiveness; lack of Intellectual property that can give the company an unfair advantage; lack of market validation or a poor product or service.

Preparation is the key to everything. Startups should align their thoughts and conversations with the investors perspective for getting follow-up meetings after the initial interaction with the investors. The following things should be kept in the mind:

  1. To excel in the game of series A financing, a company should be well-versed with the investment criteria of an investor. Different investors have criteria of investing in a venture.Some may give more weightage to market sentiments while some other may give to the team.  
  2. Have a sound knowledge of the investment scenario of different sectors. This will help you understand the investor’s view of your sector and you will be in a better position to seek investment for your venture.
  3. There should be synergy in your venture and the portfolio companies of the investor. This will help the investor understand the relevance of investment in your venture.
  4. Be clear on what you seek from the investor beyond the money and how they may add value to your venture.
  5. Eight BEST Funding Opportunities

Crowdfunding                                                                                                                       

The digital era has opened your world to more than a market. Through the crowdfunding sites, you can pitch your business to strangers and ask for funding. At the crowdfunding platform, lay out your business idea and give a detailed description of what the business is, your profit making plans, how much money you expect to raise, and why you need to raise funds via the platform.Companies that raise funds via crowdfunding platforms have been able to increase their profitability since the platform benefits entrepreneurs in two ways; through the funds raised and through the marketing that products receive. Since crowdsourcing is a competitive funding option, your business must be rock solid and appealing to customers and investors.

Using venture capitalists

Venture capitalists are professionals who invest in companies with high potential for growth. To get the attention of a venture capitalist, your business model should show potential for rapid growth and the ability to disrupt the market. 

Venture capitalists only invest in startups with extremely high potential for big returns on investments. As a result, venture capitalists evaluate the sustainability and the scalability of any business they consider investing in. To get a venture capitalist interested, you should have a disruptive product as well as a big market that will result in faster and bigger returns on investments.

You should also note that venture capitalists offer mentorship and their expertise once they sign up with you. Therefore, if you believe that your business is competitive and able to attract a venture capitalist’s interest, ask for their funding. You should be willing to give up a percentage of your company.

Angel investors

Did you know that Google, Alibaba, and Yahoo got investments from angel investors? Angel investors are individuals who invest in potentially profitable businesses with their surplus disposable income. Before investing in your company, the angel investors will screen your business to ascertain its worth and the potential for growth.

Just like venture capitalists, angel investors invest in a stake of your company but they offer mentorship. Their propensity for high risk businesses is what determines if your business is taken up or not.

Winning business competitions

While repaying your debt consolidation loan, you should take advantage of your business’ potential by getting into contests. Most of these competitions require business plans and the entrepreneur with the best idea wins a big sum of money. The funds won should be injected into the business for better investment returns.

Most of these competitions are broadcast in the media. Besides winning the reward money, you will benefit from free marketing. People remember the winning business and this gives your business a great head start.

Funding from business incubators and accelerators

There are numerous funding opportunities in the market. However, to know about them and to benefit from them, you should be open-minded and aggressive. Search online or ask around for business incubators and accelerators. Business incubators provide shelter tools, network, and training just as parents do to their children while accelerators help businesses take the giant leap. To benefit, you must be willing to commit time, develop good networks and learn from your mentors, investors, and fellow entrepreneurs.

Government funding programs

The government supports local entrepreneurs. To reduce unemployment and to encourage self-dependency, the government has instituted departments to aid in sharing funds to the most innovative businesses. Businesses ideas that promise societal growth besides high profits always get a higher priority.

Online peer to peer lenders

Besides angel investors, there are groups or individuals online who often provide affordable loans to persons in search of affordable and unsecured loans. Though you will be servicing the debt consolidation loan, the loans from peer to peer lenders are affordable and if you are confident that you can repay the two loans comfortably, then you should take it up.

Bootstrapping

This is also called self-funding. It is an effective funding option when you are starting out and when you have savings. Besides personal savings, you can also ask your friends and family for funding. Though resources are stretched under bootstrapping, your business will be attractive to investors later on. Knowing that you build a business by yourself inspires confidence.

7 Simple Ways You Can Protect Your Idea From Theft

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Patent Searching RESEARCH by Genius Geeks

Patent Search: Determine how prior art is similar or different?

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Patent filing requires “money”. Patents have filing fees, professional fees and maintenance fees over the life of the patent and a large amount of money is required for the defence of the patent. A Patent search is carried out inorder to ascertain that the patent generates enough financial gains to justify the cost associated with its filing and the time and expense of moving forward with a patent application is a worthwhile.

For inventors, searching prior-art in the form of patents filed and granted should be the first step in the patent application process. Patent search gives an opportunity to discover which aspects of your invention can be claimed and high quality patent searches can help inventors anticipate about the scope of any patent claim. Without a patent search an inventor will describe the various  aspects of an invention as if they are equally important which won’t be the case.  

A patent is lot more than just a document. Careful assessment of patents found in the search report is tedious but the inventors who really take the time to read the key patents found in the search know its importance in contributing to the decision about whether to move forward with the patent application and then ultimately to meaningfully contribute to the preparation of a patent application.

Unfortunately, a lot of inventors only give a hasty and not thorough review of the patents found, thereby missing a great opportunity to use the prior art found to figure out what is most likely unique and patentable. Inventors perhaps look at the titles, the pictures, maybe read the Abstract and get overwhelmed.

For this reason inventors frequently choose to hire a patent professional or patent attorney for carrying out patent search. The inventor has the detailed knowledge of the invention, and is in the best position to identify the similarity and differences of the invention with respect to the prior art and the patent professional is in the best position to determine whether those differences will likely contribute to patentability through a collaborative approach.

A detailed compiled disclosure of the invention forms the foundation of a strong patent application. Determining how the prior art is similar and how it is different is essential to being able to gather great detail of information that can be put together while writing a patent application and invariably leads to a far more detailed written description of the invention.

Many a times inventors carry out a patent search themselves before filing a patent application and during the patent examination an exact invention already patented is found. But this is why you do the search!!!!

Thus, It is better to spend a modest amount of money on patent search before filing a patent application to learn about the prior patents instead of spending a lot of money on patent application only to learn later that no patent could be obtained.

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Turning Your Idea Into a Product

Turning Your Idea Into a Product (and Launch It!)

From a light bulb above your head to a mobile device or any other product available in the market came into existence through a series of actions or steps known as “Innovation”. Every product that you can purchase from market today started as an idea in someone’s head.

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The road from an idea to a finished product is full of substantial barriers — it takes lot of efforts and luck to launch a product into, and get that product accepted by, the marketplace. But equipped with the right information and resources, you can put yourself on the path to bringing your invention to market.

But how to get started to turn your idea into reality? What are the basic steps you should take before your product hits the market?

One of the best ways to determine the success of your idea is to carry out a complete “market survey” before you put in your efforts, time and money in creating the product. You should know if there are customers for your product in the market.

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Find answer to the questions like: What is the size of the target market? What are the similar products existing in the market? What you’ll need to do differently to stand out from your competitors?

 

 

Protecting your intellectual property: First and  foremost important step is to perform patent research to find out if your product infringe upon someone else’s intellectual property. Visit patent databases like Espacenet, U.S. Patent and Trademark Office (USPTO), Patentscope, Indian patent Office (IPO) to look for patents similar to your invention. You may seek professional advice to protect your intellectual property.

Why protecting your intellectual property is important?

4Patents provides the exclusive rights which allows you to use and exploit your invention for twenty years from the date of filing of the patent application.

Through these exclusive rights, you are able to prevent others from commercially using your patented invention, thereby reducing competition.

If you yourself don’t commercialize your product, you may sell it or license the rights to another enterprise which will be a source of income.

Business partners, investors and shareholders often look to see whether a budding company has protected its intellectual property. A strong patent portfolio help in fuelling investments for emerging tech companies. Investors perceive patent portfolios as a demonstration of the high level of expertise, specialization and technological capacity within your company.             

Developing a prototype of your product:  

Prototype of a product can even be as basic as a drawing or diagram or as intricate as a professional product but the prototype should be able to clearly explain the basic idea or concept behind the product.

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In the “world of innovation” it’s all about the appropriate timings for launching a product into the market. It takes a while … success is not something you can build up overnight. Figure out how to get your product out to the public, frame a marketing strategy and wohooo you are ready to turn your product idea into reality.

Patents | Intellectual Property India