- Author: Taylor Heath
- Author: Friday, October 19th, 2018
Steve Keuhel is the Founder and Principle level Mechanical Engineer of Leverage and Grow. Leverage and Grow’s mission is Empowerment. Providing visionary clients the leverage to stretch and grow their business by staking patent claims for the future. Mr. Keuhel visited WKU in early October to present Patent Portfolios. A Patent is a public description of the Device, System, and/or Method implemented on a product and allows the holder to monopolize and exclude any competition from similar makes/models.
To have IP success, Mr. Keuhel says, you must: have a plan, a strategic and leveraged portfolio to grow your business, know how to work with counsel, and have options to buy time and save costs. Mr. Keuhel said in his presentation “This is not just about your tangible assets, it is also about your intangible creations.” The business leverage is the drive of patents.
Mr. Keuhel progresses towards three specific types of patent applications used to buy protected time and space. A US Provisional Application is a relatively cheap and quick process usually filed through an online application and may protect for one year or until the filer completes the non-provisional application. The Patent Cooperation Treaty (PCT) assists applicants in seeking patent protection internationally for their inventions, helps patent Offices with their patent granting decisions, and facilitates public access to a wealth of technical information relating to those inventions. A continuation patent application is a patent that continues the examination of the application.