What should an entrepreneur do to protect their new invention?

To protect a new invention, applying for a patent is the most effective strategy. A patent grants the inventor exclusive rights to their invention, preventing others from making, using, selling, or distributing the product without permission. This protection typically lasts for a limited time, often 20 years from the filing date, depending on the type of patent.

By obtaining a patent, the entrepreneur can secure a competitive advantage in the market, as it prevents competitors from copying their innovative idea. Additionally, having a patent can add value to the business, making it more attractive to investors or potential buyers, as it demonstrates innovation and intellectual property ownership.

While trademarks, copyrights, and publishing online might offer some level of protection or visibility, they do not provide the comprehensive protection that a patent does for inventions. Trademarks protect brand names and symbols, copyrights safeguard creative works such as literature or art, and publishing online can inadvertently lead to exposure without legal protection. Thus, pursuing a patent is the appropriate action for an entrepreneur looking to secure their new invention.