Technical intellectual property rights, such as patents and utility models, can be crucial for founders and startups at an early stage in order to provide legal protection for their innovations and create strategic advantages that can ultimately be decisive for growth and success.

Technical intellectual property rights primarily protect your intellectual property by granting their owners a monopoly position and preventing competitors from “simply” copying technologies or products. This is essential for securing investments in research and development and for creating and maintaining a sustainable competitive advantage. Patents and utility models can help founders and startups position themselves in the market and establish a strong position. They serve as a barrier to market entry for competitors and enable exclusive offerings, leading to a stronger market presence.

Furthermore, technical intellectual property rights can attract investors, as they can demonstrate innovation and market potential. An early, strong patent portfolio increases credibility and investor confidence, which improves the chances of financing and partnerships. Patents and utility models can increase the value of a company, as a strong patent portfolio increases the value of a startup, which can be decisive in terms of IPOs or sales. 

Patents and utility models can also promote a startup's culture of innovation in the long term, motivate employees to come up with new ideas and creative solutions, and promote and consolidate long-term innovative strength.

Overall, patents are valuable for founders and startups in order to protect innovations, attract investors, secure competitive advantages, and initiate long-term success. If you want to apply for a patent or utility model, you should recognize the importance of patents and invest specifically in building a strong patent portfolio.

Our expert patent attorneys will be happy to help you address the issue of “technical intellectual property rights” at an early stage.