J.D. and Matt host Rodrigo Lima, Founder and owner of Lime Design, based in Florida. Rodrigo walks the audience through the main steps of initial ideation phase to prototyping, functional prototypes, and final manufacturing through third parties.  He explained the ways to work with a design team best, and how to work hand-in-hand with patent counsel at the very start to assure the innovaiton is protected. 

Rodrigo also gave some real-life examples of products and the stories behind them from flashlights, to knife-handles, to software/apps they have developed. 

All three of them then critiqued a short clip from Shark Tank where CoinOut developed a software solution to applying any cash change into digital currency or a simple deposit into your online bank. Matt confirmed the trademarks were filed well and seemed appropriate, but J.D. pointed out that they fell short on the IP side, and didn't have any patents filed on the software method/process. 

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DISCLAIMER
Everything discussed on this podcast is for informational purposes only and not for the purpose of providing legal advice.