Do I Need a Patent to Go on Shark Tank?

Do I Need a Patent to Go on Shark Tank?

No.  A contestant on Shark tank does not need a patent.  But, it would be foolish to go on Shark Tank without at least filing a provisional application for your invention.

As we have discussed generally, the investors on ABC’s Shark Tank (“the Sharks”) place a strong emphasis on an inventor’s use of the patent system.  See Shark Tank and Patents.

An inventor should file a provisional patent application before going on Shark Tank

An inventor should file a provisional patent application before going on Shark Tank

An entrepreneur does not need a patent to go on Shark Tank.

ABC’s Shark Tank application process does not explicitly require that an applicant apply for a patent.  The owner of a startup company can apply for a chance to pitch to the Sharks without a patent.  But, an inventor hoping to do well on Shark Tank should give serious thought to using the patent system before going on the show.

An entrepreneur may need a patent to succeed on Shark Tank.

In almost every episode of Shark Tank, the entrepreneur faces the following question from the Sharks: Why do we need you?  Unless the entrepreneur can provide some evidence of a proprietary technology, the unfortunately answer is: the Sharks do not need you.

By contrast, when an inventor or a startup can offer a proprietary technology, the Shark Tank investors pay close attention.  Here are some articles discussing how the Sharks respond to inventors with patented (or patent pending) technology as opposed to inventors who did not file patent applications.  Clearly, we support the position that an inventor should protect the invention so that others cannot steal it.  But, some others, including Entrepreneur Magazine have come out on the other side.

 

 

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *