New Business Guide for Kentucky Inventor
When you are considering a new business venture, you may be wondering if there are government agencies that can help you start a small business. You should check with the Small Business Administration and Minority Business Development Administration for assistance. The Small Business Development Centers can help you at any stage of your business’ growth. These agencies can help you identify and pursue various resources to help you get started and grow your business.
The University of Kentucky is a great place to develop a patentable invention. In 2016, the university ranked #69 on the list of top worldwide universities granted U.S. patents, up from #92 the year before. These rankings, compiled by the National Academy of Inventors, highlight the importance of patents in university research. EKU is home to several events that support student media. Check out the Eastern Progress to learn more about upcoming events.
Government agencies that can assist you in growing your business
There are several government agencies that can help you grow your business in Kentucky. One of these agencies is the Kentucky Procurement Technical Assistance Center (KYPTAC). This agency is a one-stop shop for small businesses that want to sell to government agencies. It is a nonprofit organization that is partially funded by the Defense Logistics Agency and provides free assistance to small businesses. In addition, KYPTAC also offers one-on-one consulting.
Another government agency that can help you grow your business in Kentucky is the Kentucky Export Initiative (KYTEP). This agency is a partnership of government entities, business organizations, and trade experts who work together to promote exporting as a means to help businesses grow and create jobs. Most of Kentucky’s exporters are small businesses, which is a great way to support a thriving economy. By exporting, you are bringing your hard work to a global marketplace.
If you are thinking about starting a business in Kentucky, you may want to look at the state’s regulatory laws. Different states require different types of licenses to operate a business. Some industries require professional licenses in Kentucky, such as physicians. You can access these regulations at the Kentucky OneStop Business Portal. You can also find information on occupational licensing at the Kentucky Department of Environmental Quality. You can visit the Kentucky OneStop Business Portal to get started.
Getting your business licensed and registered is an important step in starting a business. In addition, a small business owner may need to obtain a state license or register it with the state. The Kentucky OneStop Business Portal has sections dedicated to planning and registration, as well as links to important government websites. These resources will help you start and grow a business in Kentucky. There are many government agencies that can help you grow your business in Kentucky.
The Cabinet for Economic Development (KEDFA) is a governmental agency that helps businesses expand in the state. This organization’s goal is to help create jobs and stimulate the economy in Kentucky. To help businesses grow, KEDFA provides tax credit programs and financial assistance to promote economic development in the state. By helping businesses grow, KEDFA helps the Commonwealth to grow as a whole. That way, more businesses can benefit from the state’s pro-business atmosphere.
Steps to take to apply for a patent
If you’ve developed a product that you believe will benefit the public, you may be considering applying for a patent. The process can be lengthy, but it can be broken down into five easy steps. These include understanding the invention, drafting an application, waiting for an official response, and submitting a patent application. Knowing what to expect and how to prepare will make the entire process easier.
The first step is to conduct a search for similar inventions. While your product or idea may seem unique, it’s important to show that it improves upon previous developments. Once you’ve done your research, you can either file a regular patent application or a provisional patent application. The provisional patent application involves less paperwork and enables you to claim that your product or invention is “patent pending.”
Document the process. Your invention must be documented and describe it in detail. You may want to build a prototype. You should date your entries. You also need to show that your invention is new and distinct from previous ones. If you can, make a working prototype and submit it to the patent office. Once you’ve received your patent, you’ll have legal protection against others trying to copy your idea.
Search for a qualified patent agent. You can search for patent agents through the National Association of Patent Practioners website. You can also use Google to search for a patent agent in your area. Be sure to include the city or town you live in the search. The search will be easier if you know the right person to work with. When you’ve located a patent agent, you should submit your application to the patent office.
During this time, you’ll need to pay a patent attorney. Obtaining a patent is a complex process that takes many months. You must complete all required documentation and information and file an application with the US Patent and Trademark Office (USPTO). The entire process can take up to three years. Once the patent is issued, you’ll need to pay a fee every year to maintain it.
The process of filing a patent can be costly, but it’s worth it in the long run. The initial filing fee for a patent is $300. Small and micro entities, which have fewer than 500 employees, gross income less than the median household income, and have not filed more than four utility patents, pay $75. These costs are significantly lower than the standard fees. There are several benefits to filing a provisional application as early as possible.