If 90% of Startups Fail, Why Bother Patenting?

The Philippine Innovative Startup Act of 2019 defines a startup as “a person or entity that aims to develop an innovative product, process, or business model” (RA 11337, Sec. 3g). Innovation, according to the same law, is the creation of “new ideas that results to the development of new or improved products, processes, or services, […]