Startup Glossary

A Utility Model is a business model that focuses on providing a utility-like service, where customers pay for the service or product as they use it.

Utility Model Innovation refers to the development of new or improved utility models that offer practical solutions and are protected by patents, providing a competitive edge.

A Utility Patent is a patent that covers the creation of a new or improved — and useful — product, process, or machine.

Utility Patent Filing is the process of submitting a patent application for a new or improved invention or process, providing legal protection and exclusive rights to the inventor.

A Utility Token is a type of cryptocurrency that is issued to fund development of the cryptocurrency and that can be later used to purchase a good or service offered by the issuer of the cryptocurrency.

UX/UI Alignment is the process of ensuring that a product’s user interface design (UI) and user experience design (UX) complement each other to maximize usability.

UX/UI Optimization Strategies are approaches aimed at improving the overall user experience and interface design of a product, enhancing usability, engagement, and satisfaction.