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Did You Know
A small business registered as an Eligible Business Corporation can accept equity capital directly from investors who may be eligible to receive a 30% tax credit. Read more
Patents
A patent is a right, granted by government, to exclude others from making, using or selling your invention in Canada. Patents must be new, non-obvious and useful.
Patents allow you to disclose your unique product or service to the public, while preventing others from making or selling the claimed invention. Patents last for 20 years from the filing date; however once they expire they become public domain.
Why is it important?
Obtaining a patent for your idea/product will help you gain maximum commercial value from your product. It will prevent others from making a similar invention without consent and/or compensation.
Resources
- The Canadian Bar Association
- Canadian Intellectual Property Office
- Canadian Intellectual Property Office: Filing/Completing a Canadian Application for Patent
- Innovative Licensing: When and when not to patent
- New Ventures BC: Managing your Intellectual Property seminar