By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Icy Canada
  • Business
  • Sports
  • Canada Immigration
  • Canadian Cities
  • Entertainment
  • Destinations
  • Education
  • International Visas
Reading: 3 Things Canadian Startups Need to Know About Patents
Share
Notification Show More
Reading List
top country songs 2016
Canada Top Country Songs 2016: The Best Top 10
December 3, 2022
Tips on Surviving a Brutal Canadian Winter 1
Tips on Surviving a Brutal Canadian Winter
December 31, 2020
Vancouver's World Famous Celebration Of Light.- events in canada
Latest Canada Immigration News 2020
November 10, 2020
Canadian Tourists Decreasing in the US 2
Canadian Tourists Decreasing in the US
January 20, 2020
Can You Bring Your Spouse While Studying Abroad? 3
Can You Bring Your Spouse While Studying Abroad?
December 21, 2018
Latest News
Distance learning.
Distance Learning for Teens: How Online Schools are Shaping the Future of Education
January 26, 2023
Alcan highway.
5 Things To Do Along The Alcan Highway
January 26, 2023
Halton Conservation Park
Halton Conservation Parks: 7 Interesting Things to Know About
January 26, 2023
best places to stay in banff
Best Places to Stay in Banff: 8 Best Places You Should Know
January 26, 2023
8 Best Restaurants in Penticton You Must Visit 4
8 Best Restaurants in Penticton You Must Visit
January 26, 2023
Aa
Icy Canada
Aa
  • Home
  • About Us
  • Privacy Page
  • Terms & conditions
  • Business
  • Sports
  • Canada Immigration
  • Canadian Cities
  • Entertainment
  • Destinations
  • Education
  • International Visas
Have an existing account? Sign In
Follow US
  • Home
  • Blog
  • Complaint
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
- Advertisement -
Ad image
Icy Canada > Blog > Canada > Canadian History > 3 Things Canadian Startups Need to Know About Patents
CanadaCanadian History

3 Things Canadian Startups Need to Know About Patents

Icy Canada TeamDecember 10, 2020
Updated 2022/03/29 at 9:20 AM
Share
3 Things Canadian Startups Need to Know About Patents 5
by Wavebreakmedia / unlimphotos
SHARE

Patents allow inventors and thinkers to protect their intellectual property and profit from their ideas once they become applicable in real life. But patents are not just for individual scientists who spend all day long tinkering with their ideas and projects in a garage or basement. Patents are also awarded to companies and startups looking to protect new products, designs, or even business processes that use innovative technologies and could be used for profit.

Furthermore, governments of technologically advanced societies (like Canada or the US) encourage innovation through a more lenient patent system. Even so, the process is quite thorough (especially in the case of businesses).

As such, if you are interested in filing for a patent in Canada, here are a few things you should know first.

tech canada
Photo by Proxyclick Visitor Management System on Unsplash

#1: Patents are Important for Progress

A patent protects your idea/product/invention by ensuring no one else in the country uses the same idea for profit. However, it is important to file it under the right category and with the correct specifications, as specified in this guide for getting a Canadian patent. 

Once your request for a patent is accepted, you can start gathering investors and other people/businesses that may be interested in using or buying the product. The fact that the patent is pending gives a startup enough room to move forward in its path towards making a sale or getting new partners and investors (foreign or local). 

So, by encouraging startups and businesses to come forward with their innovative ideas, the Canadian government is looking to attract more funds and empower the local business community. 

#2: Patents have Territorial Restriction

A patent filed and approved in Canada is not necessarily valid in other countries. This means that, as a Canadian startup, you can only enforce your rights on Canadian territory. If you want to extend the company overseas or use the product you invented in a different country, you should first apply for a patent in that country.

To avoid complications, it is best to approach patents with a strategy in mind. For instance, if you plan on using your invention at a global level, it is best to first identify the most important markets for your startup’s development.

Once identified, work with a patent agent (a specialized individual or company that can provide guidance) to protect your intellectual property in all those regions. This way, you can be sure you will avoid complications during the expansion period.

#3: Apply as Soon as Possible

In Canada, a patent is granted to the first one who files for approval. So, the best way to beat your competitors is to file as soon as you have the whole idea and schematics. Otherwise, you risk someone else beating you to the punch (there are plenty of simultaneous inventions in world history). 

Of course, you shouldn’t be in too much of a hurry and miss important information. This means you’ll have to reapply, which can be even riskier (now that people know about your work).

Wrap Up

Overall, patents are an essential tool for our society’s development. Besides, anyone who is looking to build a career in Canada has the chance to use their ingenuity and receive support if their idea proves helpful. As a result, Canada is now a powerful country, with strong technological development and brilliant people supporting its efforts. 

Icy Canada Team December 10, 2020
Share this Article
Facebook TwitterEmail Print
Previous Article Perfect Last-Minute Holiday Gifts for Family and Friends  6 Perfect Last-Minute Holiday Gifts for Family and Friends 
Next Article Technical difficulties with Canadian financial companies become more common 7 Technical difficulties with Canadian financial companies become more common
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin

Latest News

camping checklist
101 Camping Checklist: Ultimate Guide to All Essentials
Featured
Calgary movers.
Top 7 Calgary Movers – Find the Best Calgary Moving Companies
Featured

You Might Also Like

Halton Conservation Park
Canadian Outdoors

Halton Conservation Parks: 7 Interesting Things to Know About

January 26, 2023
best places to stay in banff
Canada

Best Places to Stay in Banff: 8 Best Places You Should Know

January 26, 2023
8 Best Restaurants in Penticton You Must Visit 9
Canada

8 Best Restaurants in Penticton You Must Visit

January 26, 2023
places to eat in richmond
Canada

Best Places To Eat In Richmond: 20 Best Places You Must Try

January 26, 2023
//

Icycanada.com your home to Canadian life, the outdoors, events, immigration news, and more.

Icy Canada

3-11860 River Rd, V3V 2V7,

Surrey, BC, Canada

+17789512734

Have questions? Reach out to us at team@icytales.com

Disclosure Statement

We are reader-supported. And we review products independently. When you do buy a product after clicking on a link, we may earn a small commission. That doesn’t mean you will pay more. No, because our commission is independent of what you would pay otherwise. It’s what helps us keep small businesses like us alive.

© 2022 Icy Canada. All Rights Reserved.

  • Home
  • About Us
  • Privacy Page
  • Terms & conditions

Removed from reading list

Undo
Welcome Back!

Sign in to your account

RegisterLost your password?