What are the advantages of patent application?

What are the advantages of applying for a patent? Patent is an important product of mental work, and it is protected by Chinese law, just like other tangible property in life. Next, let's learn about the benefits of patent application. Benefits of patent application benefits of patent application. Enhance market competitiveness Enterprises with certain legal awareness will apply for patent protection when developing new technologies, so as to avoid being copied by rivals in the future and protect their intellectual property rights. Therefore, the number of patents owned by enterprises can reflect their R&D ability, R&D investment, innovation ability and legal awareness to a certain extent (not to mention junk patents). For an individual, the number of patents owned by a student or worker can increase his bargaining chip in continuing education and employment. Benefits of patent application II. Improve the qualifications of enterprises to apply for high-tech enterprises and government funds. Patents are a favorable competitive factor. Benefits of patent application. License if the patented technology applied by the patent persuader is in the leading position in the industry and has a large market application. Then other similar enterprises can be authorized to use patented technology, and a reasonable patent license fee can be charged from it. Benefits of patent application. Infringement compensation If other enterprises use technology without the permission of the patentee, then the patentee has the right to bring a lawsuit against them, demanding to stop the infringement, demanding to pay economic losses, and so on. Benefits of patent application. Technology monopoly technology is the primary productive force. The patent successfully applied for has obvious creativity and is recognized by consumers. At the same time, market exclusive rights can protect the market share of enterprises well, thus ensuring the core competitiveness of enterprises. At the same time, patent, as an important intellectual property, can give full play to consumers' association and get consumers' recognition. Benefits of patent application. Pure technologies and methods with increasing returns become industrial property rights and intangible assets when they are granted patent rights, which are valuable. In other words, technological inventions and designs can bring economic benefits to enterprises after applying for patents. In practice, patents can be used as registered capital to contribute or increase capital, and actual capital accumulation can also be obtained through patent licensing. Benefits of patent application. Pledge financing Intellectual property patent pledge financing is a relatively new financing method, which is different from the traditional way of applying for loans from financial institutions with real estate as collateral. Enterprises or individuals take the legally owned patent rights, trademark rights and property rights in copyright as collateral, and apply to the bank for financing after evaluation. Benefits of patent application. Intellectual property rights, physical objects and land use rights contributed by patented technology can be used as the registered capital of the company after being evaluated and priced by the authoritative national evaluation agency. Since then, intangible assets including patents, proprietary technology, trademarks, software copyrights, land use rights, trade secrets and so on can be directly used for investment and financing. Benefits of patent application. Government policy patent subsidy refers to the funds provided by arranging relevant funds in the departmental budget of the Municipal Intellectual Property Office to help applicants apply for patents or carry out patent-related work. Patent grants are divided into general grants and special grants.