In this episode of Hangar X Studios, host John Ramstead sits down with Tom Kading, entrepreneur, engineer, and founder of Fargo Patent Law, to discuss how aerospace innovators can protect and leverage their intellectual property. From patents and trade secrets to brand strategy and investor readiness, Tom shares practical advice for startups and established companies navigating the rapidly growing UAS and aerospace markets. Whether you’re building drones, VTOLs, or next-gen software, this conversation will help you rethink IP not just as paperwork, but as a core business asset. Episode Highlights Why intellectual property is more than just patents The difference between utility and design patents Trade secrets vs. patents: when to choose each Common mistakes aerospace companies make with IP strategy How a strong IP portfolio builds business value and attracts investors Practical advice for protecting software, hardware, and processes Key Points with Timestamps [00:00:00] – Introduction & mission: Supporting innovative businesses in their growth. [00:00:48] – John introduces platinum sponsor XTI Aerospace and today’s live recording from The Hive in Grand Forks. [00:01:35] – Tom shares his entrepreneurial background and why he founded Fargo Patent Law with a focus on aerospace. [00:02:34] – Common IP mistakes: treating patents as “just a piece of paper” instead of part of a strategy. [00:04:29] – Utility vs. design patents explained, including length of protection and scope. [00:05:46] – Trade secrets: when keeping something secret might be smarter than filing a patent. [00:06:32] – Using IP as a strategic asset: capital raising, acquisitions, and market positioning. [00:07:30] – What makes a strong IP portfolio (patents, trade secrets,...