How to protect your startup idea?

Although the idea is a vital and very important part of the project, it is not everything and it is not at all essential that it be protected from lime and edge.

When you start a business, one of your main fears is that someone will copy your idea. And although, if it is true that the inkling It is a vital and very important part of the project, it is not everything and it is not at all essential that it be protected by lime and edge. If the idea is good but the execution of it is not, the project will not work and it will not get off the ground.

Contrary to what most people think, making your idea public or sharing it with someone is not synonymous with being stolen, in fact, it is more likely that the idea will be enriched with different points of view than the person who originally had it, since the feedback you can receive can be much more beneficial. Even so, if you have the feeling or the duty to want to protect it at all costs, we give you some tips so that you can carry it out. To avoid having your idea stolen, which could be worth a lot of money, it is best to register it, use confidentiality agreements and use Blockchain technology. The Spanish Association of Fintech and Insurtech (AEFI) and the law firm Pinsent Masons have developed a practical guide to help entrepreneurs protect their projects. There are projects that have enjoyed legal protection since their creation. This is the case of artistic, literary and scientific works. In addition to these, computer programs or software also enjoy this consideration, but it is still advisable to include them in the Intellectual Property Registry. Those that should be registered for protection against third parties are databases, brands and trade names, patents, utility models and industrial designs and web domains. When developing an innovative idea, it is essential to legally protect the new business project and its various components. In addition, the use of technologies such as blockchain or artificial intelligence can be a very effective method to protect the elements of a business project and it is recommended that these technologies be implemented as a complementary method. In addition, it is always advisable to consult with a specialist lawyer to avoid possible problems that may arise. To all this, we can add, as a security mechanism, to register intellectual property rights in our own name or in the name of the company. And register both trademarks and patents in the name of the incorporated company.