Denver patents

Are patents actually valuable for startups?

Invention| Patent Application| patent| innovation
May 04, 2023•1 min read

Five reasons startups are crucial for early stage startups:

Startups and early stage ventures are often faced with a difficult decision when it comes to protecting their intellectual property. Denver patent lawyer Jeff Schell explains why patents are so critical for these businesses. According to Schell, “Patents are essential for startups and early stage ventures. They provide a competitive edge by giving the business exclusive rights to their intellectual property, and can also attract venture capital.” Patents are a key component of any business plan and can be used to protect a company’s ideas, products, and services. Without them, startups and early stage ventures would have no way to protect their intellectual property and could lose out on potential investments. By obtaining a patent, businesses can ensure that they are the only ones who can use their ideas and products, giving them the upper hand in the competitive market. So if you’re a startup or early stage venture, make sure to consult a patent lawyer to ensure you’re protecting your intellectual property and giving yourself the best chance of success.

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Jeffrey Schell

Jeff’s mission is to transform innovative concepts into extraordinary companies. In 2019, top tier law firm Hall Estill acquired the rights to the Rocky Mountain Patent brand, where he became the director of its national Ventures Growth practice. Following his departure from Hall Estill, he founded Schell IP specifically to incorporate all aspects of artificial intelligence in a new model for an intellectual property law practice. Jeff attended Northwestern University, graduating with degrees in Industrial Engineering & Management Sciences and Economics in 2004. He subsequently earned his JD and masters degrees in International Studies and Medical Informatics. Jeff separately studied economics at Harvard University, and in 2007, was a delegate at the Harvard China-India Development & Relations Symposium. ColoradoBiz Magazine named Jeff one of the 25 "Most Influential Young Professionals in Colorado.” He was also a finalist for the Denver Post's "Colorado Innovator of the Year" and "Denver Trailblazer" awards. In 2017, Denver Mayor Michael Hancock invited Jeff to participate in Denver's official trade delegation to South Africa and Kenya. He also became elected President of TiE Denver, one of Colorado’s leading entrepreneur and angel investor ecosystems, from 2019-2020.

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If you would like to discuss a specific product concept requiring patent protection or speak with a patent lawyer, feel free to contact the Schell IP team.

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