People produce great ideas constantly but very few ever find a solution. This maybe partly because of the mystery around developing and promoting new ideas which article is made to make the process clearer. It isn't difficult three step process having a selection of two routes at the end.
Step 1: Step one is defined if the idea is original. The individual are capable of doing a lot of research on the web themselves to find out if they can find the idea online. Though the easy be sure that the idea is original is to commission a worldwide patent search. This may cost around $600 and ensure that a consultation with an expert in the area of inventions is protected within the price.
Step 2: Consider choices for protecting the concept. Take advice from someone with experience of this field for the the easy way protect the particular idea. This can probably involve a patent or registered design or both. (There's no point trying to try this step before worldwide patent search has been done. Otherwise a lot of time will be wasted trying to get patents only to discover someone got there first.)
Step 3: Design and develop the idea and provide presentation boards so the idea can be made available to your clients. A great idea is a prototype produced to best explain the thought however, this is not always necessary and is expensive.
These day there are two routes to decide on form.
Route 1: Sell the thought to a person else for them to decide to use market.
Route 2: The inventor does the hard work to advertise the concept themselves.
Route 1 is cheaper but the inventor only receives a small percentage payment for each and every among the product the organization sells. This really is typically between 5% and 10% of the factory gate price for a way much that they like the idea and the way close to production the thought has got.
Route 2 is a lot more expensive although with the professional presentation (3) an investor could be persuaded in the future up to speed at this stage to assist pay for the residual work. These investors are often called "Venture Capitalists."
This is a simple help guide to outline the steps. There's a lot of extra information to absorb about each step and ideally you'll need a InventHelp Innovation to adopt you through the method. Certain that your to make certain there is no bad press concerning the chosen invention company before handing over money as unfortunately there are some sharks available!