TV show judges who invested £150,000 in a plastic cable tie invention spent their money on an unlawful product according to the UK Intellectual Property Office.
Entrepreneurs Duncan Bannatyne and James Caan, who are two of the five judges that feature on the BBC's Dragon's Den programme, jointly invested the money after being impressed by contestant Andy Harsley's Rapstrap cable ties. However, the UKIPO has upheld a challenge from Harsley's former company Millipede, which accused the cable ties of infringing its Millie-Tie patent.
Harsely helped invent an earlier version of the Millie-Tie for Millipede - the firm he founded after leaving university. Millipede asked the UKIPO to examine the Rapstrap after it received nationwide publicity on the Dragon's Den programme. A senior examiner has now concluded that the invention does infringe Millipede's patent.
Harsely has said that the UKIPO decision means nothing unless Millipede pursues the matter in court. Until then, Harsley and his backers say they will continue with the development and marketing of the Rapstrap.
Extract from IPWorld
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