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WHAT IS PATENT ?

A patent is an exclusive right granted by a government to an inventor or innovator for their invention. It gives them the legal authority to exclude others from making, using, selling, or importing the invention for a certain period of time. A patent provides the inventor with a limited monopoly to exploit their invention commercially and reap the financial benefits of their innovation. A patent also serves as an incentive for innovation, as it provides inventors with recognition and reward for their hard work. In short, a patent grants an inventor an exclusive right to their invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem.

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ADVANTAGES OF INNOVATION

  • Improved Productivity

  • Reduced Costs

  • Increased Competitiveness

  • Improved Brand Recognition and Value

  • New Partnerships and Relationships

  • Increased Turnover and Improved Profitability

     A patent is an exclusive right granted by a government to an inventor or innovator for their invention. It gives them the legal authority to exclude others from making, using, selling, or importing the invention for a certain period of time. A patent provides the inventor with a limited monopoly to exploit their invention commercially and reap the financial benefits of their innovation. A patent also serves as an incentive for innovation, as it provides inventors with recognition and reward for their hard work. In short, a patent grants an inventor an exclusive right to their invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem.

     At Innovation Company, we understand the power innovation can have to deliver significant benefits and solve problems. Through innovation, businesses can generate profit, increase their market share, and edge out competitors. Innovation also enables problem-solving and provides creative insight that allows you to look at things from a different perspective, regardless of whether you are developing a new product, refreshing strategy or finding an original way to stay ahead of the competition. We can help you make the most of the opportunities that innovation can provide

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