Earlier on 9 May, a few of us were at MaGIC for the BurgieLaw fireside chat to share our legal tips to startups. The Star then interviewed us for their article on ‘Don’t be penny-wise, startups: lawyers‘. I will feature some of my quotes further down below. But in particular, I emphasised to the reporter that:
“There is no true startup specialist lawyer. Startups cover many existing legal areas. It’s a matter of hiring a lawyer with the appropriate skill sets for your needs,” he said.
About two weeks ago, I had a pre-recorded interview with BFM to share my views on the new Companies Bill 2015.
This morning, the segment was aired as part of its Current Affairs series. You can click on to the podcast.
I generally shared why the new changes are to be welcomed and I traced the long process to arrive where we are at. On the one hand, we adopted the best practices from other jurisdictions. However, I also shared my personal thoughts on certain areas where we could have improved further. Finally, I shared how the different segments of the industry may be worried about the unknown and of the new.
This article was submitted by the authors of the book.
“Justice, Courts and Wigs” — That is what most of the bright eyed high school graduates would think about our overglamourised profession with the proliferation of dramas such as Damages and Suits. This perception translates into a generation of law students who got into law school and instantly realised that this profession is not for them.
Find out what three other businesses did right about IP in Part 1.
4. NASA — Licensing of patented technologies to Start Ups.
The whole idea of the patent system is aimed at encouraging innovation, and NASA understands this very well.
Last year, NASA opened up an array of their patented technology to be licensed out on a non-exclusive basis to start ups with the aim of encouraging the growth of high-tech businesses and advancing American innovation.
David Miller, NASA’s chief technologist, said — “The Startup NASA initiative leverages the results of our cutting-edge research and development so entrepreneurs can take that research — and some risks — to create new products and new services.”
1. Daikin vs Panasonic — Matching the patent portfolio to the consumer needs.
We have heard countless times that patent protection can be costly. Indeed, to reap the rewards and return of investment from your patented product, you need to ensure that your patent has actual commercial value. In other words, you must study whether there is a consumer market need and demand for such a technology.
Daikin and Panasonic are two Japanese companies that have shown increasing domestic market share of air conditioner for home use in recent years, all because they know how to match their filing of patents to what their consumers really want.
A comparative study shows that each company has exclusivity over one another on different technical aspects: Daikin has technical advantages of almost all the humidification function and some specific filter cleaning functions whilst Panasonic has technical advantages of almost all the filter cleaning function and some humidification functions.