A new company that builds a protected market niche around a patented invention is the stuff of modern legends. In looking at intellectual property rights , one needs to realize these rights are basically exclusionary, and often exclude newcomers from a market.
Patents forbid an outsider from making or using the invention described in their claims.
Copyrights forbid copying the way someone has expressed an idea. Trademarks forbid using distinctive symbols in a way that would confuse a customer as to the source of goods or services. Speed and Valuation A company trying to build a market based on an innovation should look at patent-related issues of valuation and speed that a going concern might ignore. Excluding competitors from your new market niche can depend on an enforceable patent. There are several things that can be done to try to get an enforceable patent quickly, and to provide the most credible estimate of its future value while it is still pending.