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Our second attempt of a group photo #nacue #enterprise #startups #sec2017

Day 2 of the national student enteprise conference! Getting some very useful advice. It's good to be surrounded by entrepreneurial minds.
#nacue #paypal #studententepriseconference

The love from the crowd at this mornings talk was amazing. #entrepreneur #seminar #inspiration #NACUE #sec16
People may not remember what you say or do. But they always remember hope you make them feel.

Not taken this weekend but it summarises the amazing two days we had in Lincoln at #nacue Great projects coming soon!! #thesquad #theschooloffuture #entrepreneurs #TES

In Lincoln for The Student Enterprise Conference . Beautiful city. #nacue #lincoln

Filming for #Nacue

We're at University of Westminster - Cavendish Campus until 3.30pm today, come and say hi!
#University #Westminster #Stall #InspireMeKorea #Jobs #JobFair #NACUE #한국

Had such a great day volunteering with the Student Entreprise Conference!😃🤔📒 #lincoln #entrepreneurship #foodforthought #volunteering #nacue #lincolnuniversity #alwayslearning #inspiration #conference #studentconference

MOST RECENT

Happy memories with talented Anglia Ruskin students building products from scratch and selling them in the local market stalls. That's real education. Tangible returns and turning theory into relatable action. I'll never forget that message. #market #education #enterprise #business #entrepreneur #nacue #charity #cambridge #syrup #weather #break #reflection #instagood #instagram #instadaily #ceo

Being cagey about your startup idea is generally sound advice; after all you don't want others to benefit from your idea at your expense. However there is one situation when being cagey could be counter productive...when seeking guidance about protecting your IP. The following are the 3 reasons why I ask aspiring entrepreneurs seeking advice from me to tell me as much as possible about their startup idea. #1. If you withhold information, the advice you are given may well be inaccurate; this is probably the most important reason to bear in mind. #2. It does not make for a conducive working relationship (I can usually spot a mile off when a client is being deliberately vague about their business idea!). #3. If you are seeking IP advice from someone in a position of trust (e.g. a professional legal/business advisor) then a duty of confidentiality usually crystallises over your discussions which the advisor is bound by). So feel free to be open and transparent...after all your IP advisor may well be able to tell you whether your idea is the 'ace up your sleeve' that you thought it was!

#entrepreneur #entrepreneurship #startups #businessowner #smallbiz #entrepreneurlife #youngentrepreneur #entrepreneurfirst #techcity #shoreditch #angelinvestor #mytelegraph #intellectualproperty #ipass #studentstartup #venturecapital #askjoesekhon #nacue #copyright #trademarks #patent #business #strategy #innovation #university #startupaccelerator #siliconvalley

The first photo is of British inventor, Richard Browning demonstrating his latest invention, an Iron-Man-style flight suit at the Ted (Technology, Entertainment and Design) Conference in Vancouver recently. For many inventors and aspiring entrepreneurs developing an idea into a viable product usually takes years and years of trial and error; and for some, one reward for all this hard work is the chance to secure a patent for their invention. The benefits of a patent are essentially two-fold; one to prevent others from simply copying the invention and two, for the inventor to commercialise it. So what does an inventor have to do to secure a patent? Well in the UK, his patent application to the Intellectual Property Office (IPO) must satisfy the following criterion. The invention must: 1. BE NOVEL (NEW). In other words it must never have been made public by anyone, in any way, anywhere in the world, before the date on which an application for a patent is filed. 2. INVOLVE AN INVENTIVE STEP (NOT OBVIOUS). Or to put it another way, when compared to what is already known, the invention would not be immediately obvious to a skilled practitioner in the relevant technical field. 3. BE CAPABLE OF INDUSTRIAL APPLICATION. This means that the invention must be able to be put to some use. 4. NOT FALL INTO THE EXCLUDED CATEGORY FOR NON PATENTABLE MATTER; in other words a patent cannot be granted for certain types of invention such as a discovery, a scientific theory or mathematical method. And don't fret if your patent application is not successful, providing you don't infringe someone else's existing patent you are still free to launch your product; and who knows, with first mover advantage, you still may have a commercially successful product on your hands!! #entrepreneur #entrepreneurship #startups #businessowner #smallbiz #entrepreneurlife #youngentrepreneur #entrepreneurfirst #techcity #shoreditch #angelinvestor #mytelegraph #intellectualproperty #ipass #studentstartup #venturecapital #askjoesekhon #foundr #nacue #copyright #trademarks #patent #business #strategy #innovation #university #startupaccelerator #siliconvalley #siliconeroundabout

When most people think of intellectual property they typically cite 'trade marks, patents and copyright.' However 'trade secrets' are also a major form of intellectual property. For many companies, their trade secrets and importantly ensuring they don't get into the hands of their competitors can mean the difference between the companies staying in business or going bust. This explains why Waymo (a company spun-out from Google's self-driving division) will be in court today accusing Uber of using its self driving technology without its consent to develop its own driverless cars. Waymo are claiming that a former employee downloaded 14,000 confidential documents relating to this technology in order to establish a rival company which was then bought by Uber. It will be interesting to see whether Waymo are successful!
#entrepreneur #entrepreneurship #startups #businessowner #smallbiz #entrepreneurlife #youngentrepreneur #entrepreneurfirst #techcity #shoreditch #angelinvestor #mytelegraph #intellectualproperty #ipass #studentstartup #venturecapital #askjoesekhon #foundr #nacue #copyright #trademarks #patent #business #strategy #innovation #university #startupaccelerator #siliconvalley #siliconeroundabout

Research by Buddy Loans carried out in 2015 revealed that Brits are spending up to £663.00 annually per person on drinking coffee! So this got me thinking, if an aspiring entrepreneur was to forsake his coffee habit for a year what could he do to protect his IP with the money saved? He could do ALOT. Options would include a professionally drafted: 1. Non-disclosure agreement with which to protect his invention prior to applying for a patent. 2. Copyright policy with which to protect his website content. 3. Letter before action; if a third party attempted to use his goodwill and reputation (e.g. his logo) without his consent. So if you are serious about making it as an entrepreneur, give Starbucks, Costa et al a miss!! #entrepreneur #entrepreneurship #startups #businessowner #smallbiz #entrepreneurlife #youngentrepreneur #entrepreneurfirst #techcity #shoreditch #angelinvestor #mytelegraph #intellectualproperty #ipass #studentstartup #venturecapital #askjoesekhon #foundr #nacue #copyright #trademarks #patent #business #strategy #innovation #university #startupaccelerator #siliconvalley #siliconeroundabout

http://ow.ly/5Etb30blRc1

The Internet is relatively quiet on this important question. Most business/startup advice websites that I've come across will tell that you should seek IP advice; but the critical question is WHEN? Seek advice too soon; you may end up wasting your limited resources because your business idea is not fully developed and the advice will be conditional on what you do next. Seek advice too late; you run the real risk that you've undermined your ability to protect the IP you've created; e.g. promoting your invention to the public on your FB page, oblivious to the fact that by doing so you've already scuppered your chances of patenting it. Here's my top 3 tips for making this important decision: 1. Have a clear understanding of what your business idea actually is. If you can write a brief statement (150 words) describing your idea which would make sense to an outsider then you know you are on the right tracks. 2. Ensure that your idea is viable. Some simple Google searches are a good place to start. E.g. has anyone thought of your idea already? If so, can you amend your concept to take account of this? 3. Visit the website of your national Intellectual Property Office; read through its free IP guides; have you taken all the actions that you can that these guides suggest? Only when you have completed these three steps do you really need to seriously think about seeking external IP advice to take your startup idea to the next stage. Hope this helps!

#entrepreneur #entrepreneurship #startups #businessowner #smallbiz #entrepreneurlife #youngentrepreneur #entrepreneurfirst #techcity #shoreditch #angelinvestor #mytelegraph #intellectualproperty #ipass #studentstartup #venturecapital #askjoesekhon #foundr #nacue #copyright #trademarks #patent #business #strategy #innovation #university #startupaccelerator #siliconvalley #siliconeroundabout

For many budding entrepreneurs the initial idea for a startup gives them a massive adrenaline rush; they've found a solution to a problem which they are convinced could lead to material wealth. However its important to bear in mind that an idea in itself is no big deal; and in intellectual property terms an idea is generally speaking not protectable. Where the aspiring entrepreneur really earns her/his stripes is by proving the concept works in practice; the hard slog of experimenting, prototyping and iterating! The drawing board awaits!

#nacue #entrepreneur #startups #businessowner #smallbiz #youngentrepreneur #entrepreneurfirst #techcity #shoreditch #angelinvestor #intellectualproperty #ipass #studentstartup #entrepreneurlife #innovation #strategy #business #patents #trademarks #venturecapital #copyright #university #startupaccelerator #siliconvalley #siliconeroundabout #askjoesekhon

One British inventor who has certainly understood the importance of protecting his product innovations by applying for a patent is Sir James Dyson. He has successfully applied for patents to prevent his competitors from copying his vacuum cleaners, fans, heaters and even hairdryers. These patents have contributed to his net worth which Forbes has recently valued at 4.3 Billion USD. These Dyson patents (and patents in general) have also benefited society; once a patent is applied for at the national Intellectual Property Office, others can view the application and providing they don't copy it, they can use the content of the application (i.e. the invention) to think of new products (or ways of doing thins) which did not occur to them before. The net beneficiary of these patents and the patent system in general? The general public; as they will eventually be the recipients of all these inventions!
#lcflondon_ #sec2017 #nacue #entrepreneur #startups #businessowner #smallbiz #askjoesekhon #youngentrepreneur #entrepreneurfirst #techcity #shoreditch #angelinvestor #intellectualproperty #ipass #studentstartup #entrepreneurlife #innovation #strategy #business #patents #trademarks #venturecapital #foundr #copyright #university #startupaccelerator #siliconvalley #siliconeroundabout #dyson

Firstly apologies for being offline for the past few weeks. I was busy drafting and presenting a paper and chairing a session on enterprise and entrepreneurship at an academic conference. To kick off things off again I thought I'd share the feedback I received recently from my postgraduate students who I've been teaching the subject of IP to over the past year. Many of these students have chosen to undertake an IP dissertation with me over the summer. I am convinced they will have a massive commercial advantage when they enter the jobs market in September; how many other graduates at interview will be able to offer their prospective employer with an IP appraisal about their organisation and more significantly how to turn their latent IP into income generating assets? IP and entrepreneurship skills are hard to quantify and even harder to teach; but ironically this very fact makes them highly sought after graduate attributes regardless of what the person specification says!

#lcflondon_ #sec2017 #nacue #entrepreneur #startups #businessowner #smallbiz #askjoesekhon #youngentrepreneur #entrepreneurfirst #techcity #shoreditch #angelinvestor #intellectualproperty #ipass #studentstartup #entrepreneurlife #innovation #strategy #business #patents #trademarks #venturecapital #foundr #copyright #university #startupaccelerator #siliconvalley #siliconeroundabout #mytelegraph

http://ow.ly/7WsE30b9Apb

Are you ready for the weekend? 💡 We have been growing our community members and soon new ideas will be launching into reality! #velocity #ideas #inspiration #creativity #funding #social #art #crowd #startup #newideas #entrepreneurs #startups #crowdfunding #eco #nacue #popart #startvelocity #video #filmmaker #documentary #production #pr #blogger

Nacue has published our blog on teamwork http://www.nacue.com/teamwork-essential-us-new-society/
#teamwork #team #enterprise #uosentersprise #nacue #sec2017

Just finished re-reading this brilliant book! Semi-autobiographical given that it is based on Sir Ronald Cohen's 33 year career building Apax Partners into the largest global private-equity firm based in Europe. In my view it provides fantastic insights into what it takes to be a successful entrepreneur. For instance, the chapter 2 title says it all: "Fear of Failure. You can't learn to swim by exercising on the beach.' Also chapter 3, 'Calibrating Opportunities . If you pick a provincial line, you arrive at a provincial destination.' However the key take away from the book in my view sums up what distinguishes a true entrepreneur from others in business; 'The second bounce of the ball' as Sir Cohen puts it. In other words, most people in business can predict the first bounce, but only true entrepreneurs can predict and more importantly take advantage of the second bounce. Those that do will make significant financial gains!

#lcflondon_ #sec2017 #nacue #entrepreneur #startups #businessowner #smallbiz #askjoesekhon #youngentrepreneur #entrepreneurfirst #techcity #shoreditch #angelinvestor #intellectualproperty #ipass #studentstartup #entrepreneurlife #innovation #strategy #business #patents #trademarks #venturecapital #foundr #copyright #university #startupaccelerator #siliconvalley #siliconeroundabout #mytelegraph

Part 13: Budget for IP registration. Providing your startup idea is viable then as a responsible entrepreneur you should set up a budget for registering the various intellectual property rights relevant to your business. Key things to bear in mind when setting a budget: 1. IP rights can take years to register. 2. Factor in preliminary costs such as database searches for patents and trade marks for example. Also unless you are looking to make the relevant applications yourself, identify the cost of hiring a patent or trade mark attorney. 3. Flag up registration fees; for instance what is the UK IPO's price for submitting a patent application? 4. Make room in your budget for responding to objections to your registration applications from competitors; again you will almost certainly need to take advice from an IP lawyer. 5. Post-registration costs such as renewal fees for each of your registered IP rights. 6. Finally, make space in your budget for enforcing your rights; there is little point in registering your swanky logo or invention unless you are prepared to enforce your IP rights against an unscrupulous competitor!! http://ow.ly/bRPP30aCBfm

#lcflondon_ #sec2017 #nacue #entrepreneur #startups #businessowner #smallbiz #askjoesekhon #youngentrepreneur #entrepreneurfirst #techcity #shoreditch #angelinvestor #intellectualproperty #ipass #studentstartup #entrepreneurlife #innovation #strategy #business #patents #trademarks #venturecapital #foundr #copyright #university #startupaccelerator #siliconvalley #siliconeroundabout #mytelegraph

Part 12: For many aspiring entrepreneurs, the principal focus when it comes to intellectual property is acquiring the corresponding intellectual property rights. Enforcing them is not a priority as it is hoped that the acquiring of a patent, trade mark or a portfolio of such rights will act as a deterrent factor to competitors looking to exploit their IP. However I would suggest that if you are serious about registering your IP you should be equally serious about enforcing it. This is what Imagination Technologies are looking to do in their dispute with Apple which grabbed the headlines earlier this week...http://ow.ly/WQp430aAsPX Also for those aspiring entrepreneurs who still think that the protection and enforcement of their IP is not a priority...without its portfolio of intellectual propertry rights, Imagination Technologies would already be 'dead in the water' as far as its ongoing viability was concerned; at least now it has a chance to recover its share price by enforcing its IP rights against Apple!

#lcflondon_ #sec2017 #nacue #entrepreneur #startups #businessowner #smallbiz #askjoesekhon #youngentrepreneur #entrepreneurfirst #techcity #shoreditch #angelinvestor #intellectualproperty #ipass #studentstartup #entrepreneurlife #innovation #strategy #business #patents #trademarks #venturecapital #foundr #copyright #university #startupaccelerator #siliconvalley #siliconeroundabout #mytelegraph
http://ow.ly/DXFu30aAuua

Please say hello to Eleanor👋! A first year History undergraduate👩‍🎓; Eleanor came to see me yesterday seeking advice about how best to progress her idea for an app 📱Clothescast. 👚Clothescast aims to advise people what to wear from their wardrobe based on the day's weather forecast!☔️🌞! What a great idea 💡 given the erratic British 🇬🇧weather!👌We discussed a range of issues including 1. How to validate her idea 2. Potential flaws and how to overcome them. 3. Immediate steps she should take to progress Clothescast. An enthusiastic and articulate student, Eleanor is just starting out on her entrepreneurial journey; she may or may not find success with Clothescast; but if she keeps going she will eventually find success as an entrepreneur!👊🌟☄️💥 #lcflondon_ #sec2017 #nacue #entrepreneur #startups #businessowner #smallbiz #askjoesekhon #youngentrepreneur #entrepreneurfirst #techcity #shoreditch #angelinvestor #intellectualproperty #ipass #studentstartup #entrepreneurlife #innovation #strategy #business #patents #trademarks #venturecapital #foundr #copyright #university #startupaccelerator #siliconvalley #siliconeroundabout

Part 10: Having successfully secured a patent, trade mark, design etc... for the intellectual property that you have created; the next big step for many aspiring entrepreneurs is to think about how to exploit what they have just protected. Licensing your IP is perhaps the most well known method of exploitation. Think about McDonald's as an example. It licenses elements of its IP portfolio to individual franchise holders across the world in return for a license FEE and/or ROYALTIES (i.e. exploiting its IP). This then enables each franchisee to use (for instance) the McDonald's trade marked brand in its specific territory to promote its outlets. The benefit to McDonald's? It retains ownership of the specific IP right in question (so in our example, its trade mark portfolio) whilst in return receiving regular income from the franchisees. And what about the franchisees themselves? Using the McDonald's brand will almost guarantee them a significant amount of sales from day one! Protecting your IP therefore is just half the battle; where you will really demonstrate your entrepreneurial flair is what you do with your IP once protected! Are you capable of generating revenue from it?

http://ow.ly/DolP30aspkD
#entrepreneurship #startups #businessowner #smallbiz #askjoesekhon #youngentrepreneur #entrepreneurfirst #techcity #shoreditch #angelinvestor #mytelegraph #intellectualproperty #ipass #studentstartup #entrepreneur #entrepreneurlife #innovation #strategy #business #patents #trademarks #venturecapital #foundr #stemawards #university #startupaccelerator #siliconvalley #nacue #sec2017 #lcflondon_

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