Patents
What is a design Patent?
A patent given to those who invented a new, original ornamental design for an article of manufacture.
This type of financing involves selling a portion of the company’s equity to the public through an IPO.
public equity financing
What could help keep track of your bank statements?
Compiling key documents full of tax returns, profit and loss statements, and other legal statements.
This professor has been teaching entrepreneurial courses at Miami University for over 37 years.
Mark Lacker
What is the term for selling your startup to another company, often for a significant profit?
An acquisition
What is a Plant Patent?
A Patent granted to anyone inventing or discovering and asexually reproducing any distinct and new variety of plant.
These funds specialize in providing capital to startups led by underrepresented founders.
diversity-focused venture capital funds?
What is startup funding?
The money needed to start and grow a business
He is the chair of the Department and Director of the John W. Altman Institute for Entrepreneurship.
Tim Holcomb
his strategy involves combining your startup with another company to form a new entity, enhancing market reach.
What is a merger
When are maintenance fees due for Utility Patents?
Fees are due 3.5, 7.5, and 11.5 years after the date of the patent grant.
This type of funding is typically used to support research and development in innovative projects.
government grants
What are some ways to network for your startup?
Incubators, networking events, entrepreneurial communities.
This entrepreneur is known for his philosophy that entrepreneurship is about solving problems for others.
Brent Beshore
What do you call it when a startup goes public by selling shares on the stock market?
An Initial Public Offering (IPO)
What does USPTO stand for?
United States Patent and Trademark Office
This financing method involves obtaining capital from financial institutions in exchange for future repayments with interest.
debt financing
True or false. Do entrepreneurs start their businesses with millions already saved up?
False. Entrepreneurs usually have self funding with loans from friends and family.
This author is recognized for his contributions to startup culture, especially through "The Art of the Start.
Guy Kawasaki
This strategy allows startups to expand by letting independent operators pay to use their brand and business model.
Franchising
What treaty makes it possible to seek international patents?
The Patent Cooperation Treaty (PCT)
This type of funding comes from venture capital firms looking for high-potential startups with scalable business models.
venture capital funding
How can crowdfunding help build supporters?
It gives an organic interaction with them knowing your story.
She joined the ESP faculty a few years ago and has been instrumental in promoting entrepreneurship at Miami University.
Jenifer Domenico
Forming partnerships with larger companies can lead to acquisition offers; what is this strategy called?
Strategic partnerships