Have a great idea, but you're not quite ready for a patent? A provisional patent protects your rights--and ''holds your place'' in the Patent Office's line.
Opinions expressed by Entrepreneur contributors are their own.
The question I get asked the most is, "If I don't have enough money for a patent, what else can I do?" In the long run, a patent is the only way to protect your invention. However, in June 1995, the U.S. Patent and Trademark Office (PTO) created another way to protect your invention and buy you some time. For a small fee, you can file a provisional application for a patent.
Tomima Edmark, the woman famous for her Topsy Tail invention has now turned her creative talents to the competitive retail arena of intimate apparel, HerRoom and HisRoom.
Continue reading this article — and all of our other premium content with Entrepreneur+
For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:
- Digestible insight on how to be a better entrepreneur and leader
- Lessons for starting and growing a business from our expert network of CEOs and founders
- Meaningful content to help you make sharper decisions
- Business and life hacks to help you stay ahead of the curve