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A complete description and detailed requirements are pre-requisites to benefit fully from these processes 13. They do not just automatically happen. Packaging, Pitching And Presenting Your New Idea Or Patent - part 2 Civil law protect and enables patent.


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Copyrights do not stop others from coming up with variations or improvements, competing ideas etc. Secure and align yourself with the legal and financial collaborators that will and can assist you best in getting your million dollar idea to market. It can be a costly process if you are not aware of all the implications, considerations and potential consequences. You are spreading and sharing the risks and rewards involved! You can go it alone, which is typically harder and not impossible, but riskier, or partner with the best the legal, financial, manufacturing, marketing, distributing or other related licensing parties can provide, individually and collectively.

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Defining And Protecting Innovation THREE QUESTIONS - part 2

There are obviously numerous ways to go about each of these individually and collectively. It is up to you to make them each work for its best magic for you and your idea. Market research, talking to experts, others, surveys and more will pay and serve you well in the long run as you go about collecting data and input for your presentation and marketing pitch, define and refine what your idea actually is, offers and could mean to you, others, investors and more.

Claims to originality has to be investigated too. Comparisons and contrasting from existing markets, products, competitors and more will also help you more clearly lineate what makes your idea special, unique and NEW!

Market analysis, financial forecasting and more all form part of this process too. If you are not comfortable to be doing this research yourself, there are numerous specialist and niche providers out there to assist you with this part of the process (see reference and links at the end of this text for some useful parties)


Let us dive in together a little deeper on how to make your million dollar idea a reality utilizing these different processes at your disposal.