NovoTech Founder Babak Akhlaghi Featured on the Nationally Syndicated Price of Business Show
Babak Akhlaghi, Founder and Managing Director of NovoTech Patent Firm, joined host Kevin Price on The Price of Business, a nationally syndicated business radio show, to discuss “Beyond Patents: Five Ways Your Patent Attorney Drives Growth.”
In the interview, Babak explained why a good patent attorney should be more than someone who files applications, and how the right one acts as a strategic business partner. He shared five ways patent strategy helps companies grow:
- Start with the business goal: understand why the company needs a patent and what it should accomplish.
- Think like an investor: a focused patent portfolio can strengthen a company’s investment story.
- Protect what matters commercially: the goal is competitive advantage, not a higher patent count.
- Look beyond protection: patents can support licensing, partnerships and long-term growth.
- Know when not to file: sometimes trade secrets or other priorities are a better use of a company’s money.
“A patent shouldn’t be a trophy,” said Akhlaghi. “It should accomplish something meaningful for the business.”
Drawing on his experience as an electrical engineer, a former Big Law partner, in-house counsel at Panasonic in Japan and the founder of NovoTech, Babak focused on practical guidance for entrepreneurs and business owners: how smart patent decisions can attract investment, strengthen competitive position and avoid costly mistakes.
