• Unlocking Innovation: Patents, Funding & Shark Tank!

  • Feb 10 2025
  • Length: 57 mins
  • Podcast

Unlocking Innovation: Patents, Funding & Shark Tank!

  • Summary

  • 🎬 Episode Highlights:

    📢 Big News for Inventors: Why now is the time to protect your ideas!

    💡 Patents vs. Trademarks: What’s the difference and when do you need both?
    💰 Funding Your Invention: Insights from special guest Vince Edwards of EB Ventures!
    🔥 Shark Tank Breakdown: How Euphoria Beauty used patents and trade secrets.
    🚀 USPTO Changes: How new policies affect patent wait times.

    🚨 Big USPTO Changes & What They Mean for You

    New executive orders are shaking up the USPTO:

    Remote Work Ban – Slower patent processing times.
    💸 Examiner Buyouts & Hiring Freezes – Increased delays and backlog in patent approvals.
    📉 What This Means: More wait time for patents, making early filing crucial!

    💡 Patents vs. Trademarks: What’s Right for You?

    Inventors often ask:

    "Do I need a patent or a trademark?"
    • 🏆 Patents protect how something works (functionality, mechanics, or formulas).
    • 🎨 Trademarks protect branding (logos, product names, and designs).
    • ⚖️ Both? Some products—like a unique cosmetic brand—use both to create stronger protection.

    💰 How to Fund Your Invention

    Vince Edwards of EB Ventures shares key funding tips:

    ✔️ Prove Market Demand – Investors fund scalable ideas with real demand.
    ✔️ Strong Branding – A registered trademark makes your business more attractive.
    ✔️ Licensing vs. Launching – Some inventors profit by licensing patents instead of starting companies.

    🔥 Shark Tank Breakdown: Euphoria Beauty’s Smart Patent Strategy

    We analyzed a Beauty, a brand that landed a deal with Mark Cuban on Shark Tank. Here’s what worked:

    ✔️ Design Patents: Protecting the product packaging instead of the formula.
    ✔️ Trademarks: Securing the brand name to build value.
    ✔️ Trade Secrets: Keeping the formula confidential instead of patenting it.

    📢 Lesson for Inventors: Not every innovation needs a utility patent—sometimes design patents & trade secrets are the smarter play!

    🚀 Want expert guidance? Drop your questions below or schedule a FREE Discovery Call today! Click Here!

    Support the show

    Have an invention or brand to protect? Or just curious about learning more? Download our FREE Inventor Kit here: https://keap.page/gw292/inventor-kit.html

    DISCLAIMER
    Everything discussed on this podcast is for informational purposes only and not for the purpose of providing legal advice.

    Show More Show Less

What listeners say about Unlocking Innovation: Patents, Funding & Shark Tank!

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.