How to Turn Your Idea For an Invention Into a Commercially Viable Product

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Inventing is a noble endeavor, but there are certain challenges that you have to face as an inventor. For instance, your idea for an invention may not be patentable, and you may not be able to find funding or investors to help fund your project. Even if you have a good idea, you will have to turn it into a commercially viable product before you can market it.

You cannot patent an idea for an invention

If you've got an idea, but don't yet have a finished product, you should first understand how to patent it. Inventors can often obtain a patent on ideas that they develop further. In order to obtain a patent, an idea needs to be novel, useful, and non-obvious.

A new invention is one that no one has made before, has not been published, and is not obvious to other people. It must also not be obvious to anyone who's already created it. Patent applications can be expensive, costing anything from a few hundred dollars for a small-scale idea to thousands of dollars for a technical invention.

You can't sell an idea for an invention

One of the first steps in selling your invention is to research the companies that make the product in question. Many companies will have a section on their website where you can submit your idea. However, not every company will be interested in your product. Some are simply too busy or do not have the resources to develop a new product. Either way, you can sell your invention idea or the product itself.

You can't get investment

If you're looking to get investment for your invention idea, you can try networking with people who may have the money and the connections to invest in your idea. Many people in business networks will invest in an idea, and they have the knowledge to judge if it will sell. You can also try contacting invention clubs and putting your idea on display. You can even provide a 3-D model of your idea.

The Internet is a great tool to source money for your InventHelp. If you can't find a suitable investor for your invention, you can use websites like Angel List and Crowdfunder to locate such people. You can also check local universities and chambers of commerce to find local angel investors. Venture capitalists can also fund your invention idea, but they are more likely to want a percentage of the profits.

You can't get funding

While you might be thinking that you can't get funding for your invention, there are several options that can help you bring your idea to life. One of these options is to seek help from your personal network. This can include family members, coworkers, and friends. These individuals may want to help you develop your business and are often willing to provide funding without requiring a business plan or working prototype. These funds may come in the form of a gift or an interest-free loan.

Another option is to apply for an Invent Helpt. This grant can be up to several million dollars and provides funds to develop your business. The money will help you manufacture your invention and market it. You can also contact angel investors who will provide funding for your invention in exchange for partial ownership of the company.

You can't patent a non-obvious invention

One of the main requirements of patent protection is that the invention must be "non-obvious." This means that it's not immediately obvious to other people working in the same field. Additionally, it must be novel and different from existing technology. These terms have precise meanings in federal law, and a technically non-obvious invention can still fail to meet the legal requirements. Patent attorneys are trained to make these minute distinctions.

An example of a non-obvious invention is a camera phone, which combines widely available components. It also fulfills a need in the market for a camera. This type of invention is not a revolutionary breakthrough, but a useful product that saves people money or time.



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