Intellectual Property: BundleBean
Every great invention starts with a need. For Emily Goodall, the need to make life easier for many people drove her to create BundleBean.
Background
Designed to protect babies and young children in all weathers, BundleBean is an innovative range of travel products.
When I became a parent, I wanted to limit the amount of stuff I needed to carry around with me. I didn바카라 사이트檛 want to carry a blanket, rain cover, changing mat etc. I wanted just one accessory that could do lots of different jobs and would keep the baby warm and dry.
That is exactly what makes BundleBean unique. Not only is it multifunctional, but its clever adjusting system means you can use one product for every situation at every age. It can replace a variety of blankets and covers for travelling equipment, as well as transform into a picnic rug or play mat.
Protecting her IP
At the time of conception, there was no product like this on the market and Emily saw a great deal of potential in the idea. This meant that while there would be a huge number of potential customers, there would also be many competitors looking to take a slice of her potential success. So how did she minimise this risk?
People advised me to seek IP protection due to the innovative nature of the product. We were the first people in the market so IP protection gave us a hold over it and made it hard for anyone else to duplicate our products.
Emily currently has a registered trade mark on the BundleBean name and holds a registered design for the product. This protects the shape, size, fleece lining, positioning of the features and waterproof textile which together make the product unique. A registered design can often be a more suitable IP right for a product than patent protection.
I was advised that a registered design would be more valuable than any other form of IP. This would protect the look and feel of the BundleBean and make it hard for anyone else to replicate the product.
Protection against copycats is one of the main benefits of holding a registered design. But what other benefits does this IP right offer the business?
It바카라 사이트檚 reassuring to know that your identity is safe with protected IP. It바카라 사이트檚 also encouraging for retailers, distributors and investors to know you바카라 사이트檙e protected. They don바카라 사이트檛 want to invest their time and money into something that could be easily replicated.
But Emily is keen to point out that once your design is registered, it can still attract unwanted attention. Design infringement is something that still occurs. Luckily the design of the BundleBean hasn바카라 사이트檛 been copied. But what would happen if she did find somebody trying to pass off another product as a genuine BundleBean?
As long as a product doesn바카라 사이트檛 look like a BundleBean then it would be ok. If someone produced a product that was similar but didn바카라 사이트檛 step on my toes, I could use that to my advantage to boost the BundleBean brand. It shows there is a need out there for it. But if they used my name or a version of my product, it would be a different matter. Copying has happened to people I know and it can be a very costly action.
If you do see someone trading with your products and you know they are counterfeit, seek advice straight away before taking any legal action.
Advice
From her experiences, Emily has a wealth of knowledge that she wants to share with others.
Get lots of IP advice from professionals, she stresses. A professional will advise you on what is best for your business. They could stop you from spending a lot of money on things that aren바카라 사이트檛 relevant or won바카라 사이트檛 protect your product or company.
It바카라 사이트檚 also important not to speak to anyone without a Non-Disclosure Agreement (NDAs) in place. This means all discussions must be confidential and information can바카라 사이트檛 be shared with anyone else. I spoke to many people in the industry before protecting my IP and made them all sign NDAs as an extra layer of security.
With two highly successful products already on the market, what does the future hold for BundleBean?
I바카라 사이트檓 planning on expanding the company worldwide. I바카라 사이트檓 also adding to my range and applying for more registered designs for more products.
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