The A.I. Advantage Show™ Evolvepreneur® AIS002:050 [Robert Plotkin] Securing the Future of Your AI Company with Strategic IP
Welcome to the Evolvepreneur A.I. Advantage Show
Join me, Richard Wray, to gain the A.I. Advantage today where we dive deep into the transformative power of A.I. to help fast-track your business.
My very special guest today is Robert Plotkin ...
Robert Plotkin is a patent attorney who has been obtaining software patents for innovative companies for over 25 years. His latest book, AI Armor: Securing the Future of Your AI Company With Strategic Intellectual Property, describes his unique method of leveraging IP to drive business success for growing AI companies.
Key Moments:
- Patents can be a powerful tool for startups and small companies to protect their innovations and competitive advantages against larger competitors.
- Intellectual property (IP) protection should be part of a company's overall business strategy, not just an afterthought. It can help attract investment, increase company valuation, and defend against competition.
- When seeking patent protection, it's important to have a clear understanding of your company's goals and how patents can support those goals, rather than just obtaining patents generically.
- Patents have a limited lifespan of 20 years, so companies need to think strategically about which inventions to patent and how to leverage those patents over time.
- International patent protection is becoming increasingly important as technology and AI solutions can be accessed globally.
- While AI tools like ChatGPT can provide useful general knowledge, working with an experienced IP attorney is crucial for developing and executing a tailored IP strategy for a specific company and its needs.
- Understanding the personalities, goals, and constraints of clients is an important part of providing effective IP services, beyond just the technical expertise.
- Patents can be used proactively, such as to attract investment or increase company valuation, rather than just reactively to defend against competitors.
- Companies should be cautious about simply accumulating patents without a clear strategic purpose, as that can lead to patents sitting unused on the shelf.
- Timing is critical when it comes to seeking patent protection, as there are deadlines and limitations that companies need to be aware of.
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