New Business Guide for Delaware Inventors
Delaware’s first-ever startup grant program, EDGE Grants, is designed to assist Delaware inventors with starting a business. The program’s goal is to help entrepreneurs with startup costs while providing valuable business advice. In addition to assisting entrepreneurs with creating a business plan, EDGE Grants also provide startup businesses with funding for important start-up costs. In this guide, you will learn about the many benefits of EDGE Grants and the process to apply for them.
Subchapter S corporation protects personal assets from inventions’ liabilities
If you’re a patented inventor, a Delaware Subchapter S corporation is a great way to protect your personal assets from your inventions’ liabilities. This type of business structure separates your personal assets from your inventions, which can reduce your tax liability. In addition, you don’t own your inventions; all payments flow into the corporation. If you’re thinking about creating a business of your own, the Delaware Subchapter S corporation is the best way to protect your assets.
Subchapter S corporations have made the American economy more dynamic and flexible by protecting personal assets. They’ve also helped to anchor local communities. You can start your own S corporation for as little as $1. The best part? You can keep all your business records. And you can easily transfer the ownership of your business to the new owners. There are no restrictions on how much you can earn through your new business.
S corporations operate under your home state’s corporation statutes, and issue shares of company stock to its shareholders. S corporations have limited liability, which means you can’t be held personally responsible for the debts of your business. Plus, they’re not subject to federal taxes. However, S corporations must distribute funds based on the equity stake of each shareholder. This means that you need to decide how much you want to risk investing in your business.
EDGE Grants are a first-of-its-kind grant program in Delaware
A Delaware inventor’s patentable invention may be eligible for EDGE Grants, a first-of-its-kind grants program for entrepreneurs in the state. EDGE Grants provide significant capital to help start or grow a company. While the current application cycle has closed, funding will re-open in September 2022. If you’d like to learn more about this grant program, you can view the EDGE Grants webinar from March 15, 2022.
UD scientists and researchers have developed more than 500 inventions and 125 patents in the past five years. One out of every four patents issued by UD researchers was to a woman, and nearly half were awarded to women. In addition to securing patents, UD inventors also licensed seven technologies and filed 32 invention disclosures to protect their ideas in progress. UD’s inventive projects range from flexible solar cells and musical sonatas to renewable lubricants, medical masks that protect from pathogens, and more.
EDGE Grants are a first of its-kind grant program for Delaware inventors with a patent-worthy invention. EDGE Grants help Delaware inventors transform their concepts into commercial assets by providing them with expert assistance in the patent application process. A Delaware inventor who is in need of assistance should contact their local patent office for more information.
The DLS Patent Pro Bono Program was created for low-income and small business owners. Applicants must meet the income guidelines and not have a current obligation to license or assign the rights to their invention to others. The DLS Patent Pro Bono Program provides free legal advice to Delaware inventors and small businesses. The program provides assistance to individuals, small businesses, and organizations who can’t afford expensive patent fees.
The DOE recently announced a new policy aimed at strengthening domestic supply chains for critical technologies. The DOE has expanded its definition of intellectual property (IP), which allows small businesses and nonprofits to retain ownership of their inventions. The goal of this new policy is to build up domestic manufacturing and supply chains. This new policy will provide funding for Delaware inventors with a competitive edge in patenting their inventions.
How to find investors for a patentable invention
If you’re a Delaware inventor, you’ve probably wondered how to find investors for your new, patentable invention. Before you start the search for investors, you must ensure that your invention is unique and original. You should also consider how you will market your invention to attract investors. Here are some tips for pitching your idea to investors. First, determine whether your idea is original. A good way to do this is to create a video explaining your invention and its potential.
Second, consider how much money you’ll need to get your patent application approved. A patent application can cost upwards of $20,000. If you have a low-budget, you can post your request on UpCounsel, a marketplace for attorneys that accepts only the best lawyers. The average lawyer on UpCounsel has 14 years of experience and has worked with companies such as Menlo Ventures, Airbnb, and Google.
How to apply for a patent before publicly demonstrating the invention
If you have recently come up with an invention, you may wonder how to apply for a patent before publicly displaying it. First of all, you should make sure that your invention meets the patent eligibility criteria. According to the USPTO, your invention must be useful, new, and not obvious to the public. You can’t just make something up and claim it to be a new product – you must have a specific, definite purpose for it. You can’t just say that the invention is a computer program that makes things easier, it must also be a useful tool.
Once you have developed your invention, it is important to file a patent application. Many inventors do not know that they have to follow strict patent rules, so they make the mistake of showing their invention to the public before applying for a patent. However, with a quality patent application, it is much safer to publicly demonstrate the invention. Here are some tips to help you make your invention patent-worthy: