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You can enroll and solicit some help here if you are not sure how to get started exactly. Creation And Birth Of Ideas, Innovations, Patents And Brilliant Million Dollar Thoughts, Products And Services (From Need To Needed! Using these processes you can also make the most of your million dollar idea and get most of that into your profits and pockets in the process, while still meaningfully contributing to society and the betterment of all!
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How to capitalize (make it count FOR YOU! Without money to get the balls rolling, nothing is going to happen to your idea. Patent family A group of patents related by a common priority claim. Capitalizing on new ideas and innovation is a great way to get aheas, both personally and collectively as a society. How we deal with these ingenious IDEAS, moments, planned or otherwise, is enabled, regulated and governed by intellectual property rights and patent law. Provisional rights The rights conferred to a published or non-published patent application, i.
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STEP 1: BE AN INVENTOR, BUT ALSO AN initiator! What we mean is that you can actually already do a lot of the most earliest of work yourself.
Capturing, describing, drawing and defining your idea YOURSELF. Giving shape, character and features to it. Bring the concept into reality that others understand it to. In other words, some of the early grunt and groundwork as best done by you anyway. You can enroll and solicit some help here if you are not sure how to get started exactly. We recommend a good note-book and daily idea-diary. Write things done, like the original date of your idea or invention. Keep track of the development process, first public disclosure. It is an understated and often overlook part of the process. You as the inventor, has to take some responsibility for good notes and records of all your work.
As mentioned earlier, getting it notarized is also a great way you can take some precautionary steps to protecting your ownership and claim to originality and first to market type proof. If there are any troubles ahead, legally or otherwise, these notes and documentations will become useful evidence. YOU WILL BE GLAD YOU KEPT THEM!
STEP 2: CHOOSE YOUR PARTNERS WELL Collaborate with the best and complementary skills to your own. 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. Focus on licensing and options that have others doing what they are good at, without having to front all the capital and carry the risk alone.
STEP 3: UTILIZE PROTECTIVE MEASURES AND EXCLUSIVITY RIGHTS IN YOUR BEST INTEREST, while also protecting the rights and licensing, investment of your partners and financiers.
STEP 4: DIVERSITY AND DISTRIBUTE THE RISKS Ensure that the resources and manufacturing, marketing forces etc. behind your product are spread out. Minimize risk in the making, assembly and distribution of the product, serving the needs of customers a priority, consider off-shore and outsourcing options when they make sense.
STEP 5: GO GLOBAL! Set up channels and partnerships that work anywhere and everywhere overall when put together. Streamline all logistics and distribution keeping costs as low as possible, passing value back to both you and consumers!