Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Business
    3. >How To Get A Patent?
    Business

    How to Get a Patent?

    Published by Gbaf News

    Posted on January 15, 2017

    3 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    An informative graphic depicting the steps to obtain a patent, emphasizing the importance of intellectual property rights and the patent categories explained in the article.
    Illustration of a patent application process, showcasing innovation and intellectual property protection - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Intellectual propertyPatentpractical benefitScientific theory

    A patent is granted to the owner of an intellectual property which prevents others from using, selling or making the invention. The country’s government grants these rights for a specific period to protect the invention. Anyone who wants to use the invention can do so only if the owner permits to use it.

    What does the patent cover?
    Any great novelty and an invention that is of use to the people have to be protected. Products, services or any process that is new either functionally or technically can be covered under a patent. It means that a patent will be provided if it is a contribution which is technical. Some of the things that can be patented are:

    • Novel: Which is not publicly released before the application of the patent.
    • Inventive: Which is an innovation not already known or present. It cannot be a modification of something that is known and can be used in the industry.

    How to obtain a patent?
    Is your idea eligible for patent
    : Before you go ahead and file your patent application it is necessary to know if your invention is suitable for it. Your idea must be new, should have practical benefits and non-obvious. If it is, then you can start the process of evaluating your invention.

    Know the patent category it belongs to: The US patent office has three different types of patents.

    • Utility patent: This is the most popular type of patent and is granted if your invention is original and is beneficial to society. It offers protection for 20 years from the date of filing.
    • Design patent: Is for the design of a product and lasts for 15 years from the day the patent is granted. It should not be applied for process design.
    • Plant patent: If a plant is produced and developed scientifically this type of patent can be filed for your product.

    Ensure your idea is already not patented: The invention you have created and developed should be very different from other similar inventions, conduct a proper research to find if your idea can be patented. If there is already a product that is licensed, and similar to yours, then there is no use in wasting precious time and money on it.

    Check the potential in the market: Decide before filing the patent application if it is worth the money you are about to spend. Even if you don’t hire a lawyer for filing a patent, it can still eat into your purse as you need to shell out a minimum of $1,500.

    File a patent application: If you are in the US, you can file a patent application with the USPTO, else find information about your country’s patent office. You can submit an RPA which is a full patent application or a PPA which is a provisional application which is a patent for an invention which is on pending status.  You can apply through regular mail or electronic mail.

    The primary concern while providing a patent is about how it is made, what it is made with and its working. So certain things cannot be patented like a mathematical or scientific theory, or a discovery, any artistic work, drama or music. If you are sure that your idea is unique, it stands by all the conditions for getting a patent and you feel it could be duplicated, then go for it!

    More from Business

    Explore more articles in the Business category

    Image for Submit Your Entry for Years of Excellence Awards 2026
    Submit Your Entry for Years of Excellence Awards 2026
    Image for Nominations Open for Travel & Hospitality Awards 2026
    Nominations Open for Travel & Hospitality Awards 2026
    Image for Submit Your Entry Today for Telecom Awards 2026
    Submit Your Entry Today for Telecom Awards 2026
    Image for Submit Your Entries for The Next 100 Global Awards 2026
    Submit Your Entries for the Next 100 Global Awards 2026
    Image for Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Image for Nominations Invited for Real Estate Development Awards 2026
    Nominations Invited for Real Estate Development Awards 2026
    Image for Submit Your Entry: Process & Product Awards 2026
    Submit Your Entry: Process & Product Awards 2026
    Image for Call for Entries: HR & Recruitment Awards 2026
    Call for Entries: HR & Recruitment Awards 2026
    Image for Submit Your Nominations Today for Education & Training Awards 2026
    Submit Your Nominations Today for Education & Training Awards 2026
    Image for Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Image for Submit Your Entry Today for Business Awards 2026
    Submit Your Entry Today for Business Awards 2026
    Image for Decentralized Masters’ ‘family culture’ building trust instead of hierarchy
    Decentralized Masters’ ‘family Culture’ Building Trust Instead of Hierarchy
    View All Business Posts
    Previous Business PostDislocated Workers: A Detailed Explanation From Who to Why
    Next Business PostHow to Get More Views on YouTube?