How do I protect my startup idea from getting stolen?

[Urbanneelam3729]

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Urbanneelam3729
PARTICIPANT
February 20, 2025 at 11:20 am

Hey folks, I have a startup idea for developing a technology somewhat like UPI but for healthcare. Won’t get into details but let’s say if I were to pitch this to a bank or someone else, could they steal my ideas? And if yes then how do I prevent this from happening

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[User_269d1512]

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User_269d1512
PARTICIPANT
February 20, 2025 at 12:44 pm

They can use it at their will, unless some of your tech and the whole idea of it is patented.

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[Indiangargi2466]

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Indiangargi2466
PARTICIPANT
February 20, 2025 at 12:58 pm

Reminds me of tarzan the wonder car 🙃🙃

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[User_be4204a5]

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User_be4204a5
PARTICIPANT
February 20, 2025 at 1:39 pm

patient karwa sakte ho

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[Alphaarpita2774]

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Alphaarpita2774
PARTICIPANT
February 20, 2025 at 2:46 pm

Bwahahaha

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[User_be4204a5]

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User_be4204a5
PARTICIPANT
February 21, 2025 at 3:25 pm

?

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[Desishark6045]

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Desishark6045
PARTICIPANT
February 20, 2025 at 1:41 pm

There is no use pitching it to a bank, they can use it however they want. You have to develop the tech yourself and run it, and then sell

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[Alphaarpita2774]

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Alphaarpita2774
PARTICIPANT
February 20, 2025 at 2:47 pm

Pitch it to me. I can invest

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[Epicrajendra5182]

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Epicrajendra5182
PARTICIPANT
February 20, 2025 at 7:22 pm

I too have idea but not sure how to secure it.

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[User_ec44e66d]

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User_ec44e66d
PARTICIPANT
February 20, 2025 at 7:52 pm

Do you know how many payment apps exists at the current time?
Dont think that someone might steal my idea
Think that how you can be a differeniator in that

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[Urbanneelam3729]

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Urbanneelam3729
OP
February 20, 2025 at 7:55 pm

Didn’t remember asking for buisness advice.

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[User_ec44e66d]

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User_ec44e66d
PARTICIPANT
February 20, 2025 at 7:56 pm

Was just trying to motivate you to go ahead with your ambitions rather than thinking about obstacles as obstacles will be there at every stage

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[Happyshark11]

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Happyshark11
PARTICIPANT
February 21, 2025 at 8:18 am

There is no foolproof way of protecting an idea in law… if you had developed the technology or substantial parts of it, you could patent it. But ideas cannot be patented. Best thing you could do is go for is getting Non Disclosure Agreements with heavy penalty clauses signed by any organisation / person to whom you pitch the idea. But this is not a guaranteed way of protecting the idea.

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[Rapidbear8085]

R

Rapidbear8085
PARTICIPANT
March 14, 2025 at 10:02 am

ADVOCATE HERE. Ideas cannot be protected strictly, however, you can get potential investor into signing an NDA along with non-compete clause. There are a few other ways but too complex to be conveyed through text. My best wishes.

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[User_c068fcd3]

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User_c068fcd3
PARTICIPANT
April 28, 2025 at 11:17 am

Startup founder here. While most investors and banks are professional and ethical, there’s always a risk. To safeguard your concept, get potential partners to sign a Non-Disclosure Agreement (NDA) before detailed discussions, it can prevent misuse of your information. Additionally, I’d say focus on building a strong execution plan and establishing a first-mover advantage- execution matters as much as the idea. I have few other suggestions but they’re a bit more complex. I wish you all the very best!

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