Post written by Forbes Technology Council Successful CIOs, CTOs & executives from offer firsthand insights on tech & business. When it comes to innovative software development, your intellectual property is your most valuable asset. Unfortunately, options for protecting this asset from imitators are limited. To protect yourself you can apply for a software patent, but it’s an expensive, time-consuming process with no guarantee. The alternative is to find a work around, something that keeps your IP secure without having to go through the U.S. Patent office. Shutterstock Below, nine technology executives from offer their best tips for protecting your intellectual property without getting a software patent. Keep It Close Be very careful about any outsourcing partner you work with, either domestically or overseas. Make sure they have adequate security in place to protect your IP when they work on it. As well, be careful how your IP is accessed by remote teams. Private repositories on sites like GitHub might be very convenient, but you are handing over security to a third party. Cover Your Legal Bases And Encrypt Your IP When we work with a developer (local or overseas) we make to sure to have strong legal agreements in place that are enforceable in the developer’s local court system as well. We also employ strong encryption internally for sensitive IP, and we make sure our partners employ the proper levels of encryption. 'The best ways to secure intellectual property against loss or compromise are.' Determine the IP assets of the business, where the assets are located, license and renewal terms, and any filing or renewal requirements. IP assets should be categorized as to the sensitivity. Sensitive IP assets should be managed only by those with a need to know. Each intellectual property “right” is itself an asset, a slice of the overall ownership pie. The law provides different methods for protecting these rights of ownership based on their type. There are essentially four types of intellectual property rights relevant to software: patents, copyrights, trade secrets and trademarks. How important is intellectual property protection to your startup? Not too long ago, defensible IP was one of the top things venture capitalists wanted to see in a startup. This video discusses the challenges software vendors and application producers face in monetizing their intellectual property and protecting it. More info at. Protecting Intellectual Property PolicyIt seems like a lot of overhead, but it is far cheaper than dealing with a breach of trust later. Document Everything Beside as patent, keeping a running log or journal of what has been done and when can help you defend your property if it is stolen. This journal should start with the inception of the idea, include every meeting you have, who was invited, and who attended. Using a product with a reliable date and time stamp and having a paper copy of the important moments helps prove ownership of your idea. -John Zahorsky, is an invitation-only community for world-class CIOs, CTOs and technology executives. Talk To An Expert There are numerous ways to protect your IP, such as patents, trademarks, design rights and trade secrets. It’s about accepting that you need expert guidance early and preparation. What do you need to protect and how? Where, when and what is the timeline for applying in different regions? What do you need to budget for? Talk to the experts so you can understand, prepare and budget. Idea Plus Execution Plus Cash Equals Success Great ideas are a dime a dozen – at least 10 people are working on your great idea right now! The winner will execute well, getting the idea to market fast along with the operating model needed to provide great customer service. And if you’ve ever tried to start a business, you know your time frame to profit is 3x your original plan. Cash is your life blood extending your timeline to success. Offer The Best Experience In Order To Protect And Profit From Your IP Besides applying for a patent, I am not sure there is any other good option. Reverse engineering is becoming commonplace, trade secrets are becoming more difficult to protect, and patent trolls are appearing everywhere. Update winning eleven 9 lengkapkan. I think offering the best experience to your user with your technology is — or should be — the only way to properly profit from it. - Chris Kirby, 7. Move Fast Depending on your idea, IP protection might be a necessary evil. Necessary because it can provide some protection from others attempting to copy you. At the same time, IP tends to be limited in its application (protects your idea but not variants) and can be expensive to defend. Instead, I always advise that IP is less important than speed to commercialization. Move faster than the competition.
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