Intellectual Property — What is it?

June 28, 2024| Off Comments off on Intellectual Property — What is it?|
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Ever wondered about the different types of intellectual property? Let’s break it down!

  1. Patents – Protect your cool inventions! Whether it’s a new gadget, process, machine, or even a chemical composition, patents have got you covered!
  2. Industrial Designs – Keep your products looking sharp! Industrial design protection is all about the visual features like shape, pattern, and ornamentation. In short, it’s about making sure your product looks fabulous!
  3. Copyrights – Own your creative works! From books to music to software, copyrights ensure you have the sole right to produce or reproduce your creations.
  4. Trademarks – Make your brand unforgettable! Trademarks protect the names, logos, and symbols that identify your goods or services in the public’s mind.
  5. Trade Secrets – Guard your secret sauce! Whether it’s a unique formula, practice, design, or data compilation, trade secrets are all about keeping that competitive edge.

Did you know? 59% of SMEs have a basic understanding of patents, yet only 2% possess one.* Securing your assets will provide your business the competitive edge when pitching for investment. *Source: IP Canada Report 2019

Are you a start-up or SME registered in Manitoba or Saskatchewan, less than fifteen years old, have fewer than 500 full-time employees, and have under $10 million in annual revenue?

Take advantage of our ElevateIP program and receive financial support of up to $100,000 to develop and implement your IP strategy! Visit ElevateIP to learn more information and apply!

*North Forge is an ElevateIP Recipient, a national program of Innovation, Science, and Economic Development Canada, leading in intellectual property support for startups in Saskatchewan and Manitoba.*