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Ron Blum explains about patents in detail

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Dr Blum is regarded as the discoverer or co-discoverer of more than 500 patents and patent applications across the world. He has successfully discovered, co-discovered, or assisted to develop IP technology portfolios and nine different products which have been licensed or sold to six global billion-dollar companies.

Ron Blum explains in detail about patents

There are a large number of advantages that patents offer. When deciding if one should apply for a patent, one should look at their invention and consider the risks of not patenting it against the expenses of doing so. A patent can actually give a person the right to stop others from manufacturing, copying, importing or selling the invention without the owner’s permission.

The chief visionary officer and founder of PogoTec, Inc. Ron Blum has vast expertise in patents and he says that patents can help to get protection for a pre-determined period, allowing a company to keep competitors at bay. In fact, this helps a person to use their invention on their own. On the other hand, one can license the patent for others to sell it, or use it as with any asset. This can offer an imperative source of revenue for the business. In fact, some businesses exist exclusively to collect the royalties from a patent they have licensed in combination with a registered trademark and design.

In addition, patents endorse novelty via the funding of restricted monopoly, as recompense to discoverers for the effort, time, and originality put in to create innovative processes and products. The perspective for financial income affix an inducement to the conventional recompenses of technical novelty. Devoid of the inducement offered by patents, most of the investors may be unwilling to invest, which may result in the stoppage to develop and exploit new technology.

As rightly stated by Ron, a patent is also one of the few assets that can augment in value over time.  A patent also increases the value of the business as it is regarded as a valuable asset by banks and potential purchasers of the business. He also added that in present day world, it is absolutely necessary as without a patent anybody can copy the invention and claim it to be theirs.

About the career prospects of Ron

Ron Blum has obtained Doctorate of Optometry from Southern College of Optometry after which he has started his professional career. Ron Blum has extensive experience and knowledge in product development and patents, medical devices, and is the proud founder of The Egg Factory, LLC (Egg Factory). In this company, he works as Chairman, CEO, and President.

In addition to this, he is also the chief visionary officer and founder of PogoTec, Inc. has also been associated with Vision Care Inventing as chairman, founder, CEO, and president. Pogo Tec Inc. specializes in Eye Care Technology, Wearable Technology, Smart Technology, Electronic Devices, and Emerging Technology and it has a strategic partnership with Vista Eyewear and at present, it is located in Roanoke, Virginia.