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BUSN - Creative Destruction Lab

This guide is a collection of resources that will help you with your CDL initiatives.

What is a Patent?

A  patent is granted by a government agency and gives the inventor the right to exclude others from making, using or selling the invention from the day the patent is granted to a maximum of 20 years after the day on which a patent application was filed. To find out more about patents refer to the Canadian Intellectual Property Office (CIPO) or the United States Patent and Trademark Office (USPTO) web sites.

Why Use Patents?

  • Patents and Patent Applications often contain the first disclosure of a new technology or process.
  • Patents are an underutilized source of scientific and commercial information linking scientific theory with "real world" applications.
  • Patents contain diagrams and descriptions of how things work.
  • Approximately two-thirds of  the information disclosed in patents is not published elsewhere according to the World Intellectual Property Organization (WIPO).

Find Patents