In this episode of Guardians of Innovation, Vincent Lotempio shares crucial insights into the common pitfalls new inventors and entrepreneurs face when navigating the patent process. He emphasizes the importance of keeping inventions confidential and taking proactive steps to secure intellectual property before disclosing ideas. Vincent likens the patent process to building a house, highlighting the necessity of starting on the right foot to avoid costly mistakes later on. He advises listeners to conduct thorough searches to determine the need for patents or trademarks and to file applications promptly to protect their innovations effectively. Tune in to learn how to safeguard your valuable ideas and set your projects up for success. Timestamps: [00:01:58] Importance of conducting patent searches. [00:04:46] Patent application process timeline. [00:08:23] Provisional patent applications explained. [00:12:39] Trademark issues and adverse outcomes. [00:15:02] Patent costs and budgeting tips. [00:19:29] Intellectual Property's Growing Importance. [00:21:41] Guardians of Innovation. About The Show Welcome to Guardians of Innovation, Patent & Trademark Law with Vincent LoTempio.Join us as we dive deep to help inventors and entrepreneurs secure and profit from their valuable ideas.