Yes, several cost-saving strategies can help mitigate the financial burden of IP protection:
Provisional Patents: Filing a provisional patent application can be a cost-effective way to establish an early filing date while deferring the higher costs of a full patent application. Patent Pools: Joining a patent pool can reduce litigation costs and provide access to a broader range of technologies. Government Grants: Some governments offer grants and incentives to support IP protection for innovative startups. Collaborations: Partnering with larger companies or research institutions can provide access to resources and shared IP costs.
