| Protecting my Invention |
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| Sunday, 26 November 2006 | |
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In the competitive world of inventions and innovation, inventors need to be aware that brainstorming and crafting ideas is not the whole picture. Often, inventors fall victim to more aggressive inventors who edge them out for a niche in a particular market or they take an idea and modify it enough to make it their own idea. Inventors need to become savvier about the dangers within their profession and learn steps to protect their invention.
One of the simplest steps an inventor can take to protect their inventions is to add some security measures to their work area. A locking cabinet or fireproof safe can protect important documents, drawings, and portable hard drives that possess ideas on your invention. As well, practicing caution around fellow inventors or people involved in research and development goes a long way to keeping ideas in your head before you are finished with your invention. Finally, the practice of working in a separate area while inventing and brainstorming will cut down on ideas on your invention from falling into the wrong hands. While inventors don’t need to cut themselves off from the outside world, practicing these few measures will help keep your unique ideas from premature unveiling. Another important step in protecting an invention is to apply for a patent. This step comes fairly far along in the inventing process but is a critical step for anyone who wants to market their product to a mass audience. A patent protects your idea and product from plagiarism for twenty years, with the opportunity for re-application after the initial patent. With a patent in hand and a separate inventor’s workshop, your new product or idea will be safe from prying eyes and ready to go out to market in no time. Submitting Inventions Amateur and professional inventors have come up with some of the greatest inventions over the last century, including the automobile, the desktop computer, and the television. The reason why these products were so successful is that they were unparalleled in their contemporary markets, with little to no competition from other inventors or companies. However, the 21st century will require inventors to become more creative at finding their niche when submitting their inventions to the general public. There are a few simple hints that will make the submission of inventions an easy process. One major step in the invention submission process is to identify which path you wish to take with your inventions. One path is to propose your idea to a larger national or international company with a fully-developed research and development program. While this path means a potentially greater pay off in a shorter time span, your invention will probably have greater competition and the chances of getting their brand name on your invention are very slim. The other path is going to a smaller company that may want to bring along a group of inventors for their rudimentary research and development plan but may not have the resources to effectively market your invention. Another major step in the process of submitting your invention is to prepare a complete presentation on your invention. Business people in all markets are looking at the financial bottom line and the cost effectiveness of your invention will be one of their first questions. Preparing a production budget for one copy of your invention will give them a good idea of how much your product will cost to mass produce. As well, your presentation should include how it fills a need in a particular market, what its practical application is, and any other pertinent information that will convince them to accept your submission. By taking these two steps, inventors can walk their way to fame with their new inventions. |
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