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Where do you go if you have an idea for an invention?

Posted on 5/17/12 at 2:39 pm
Posted by WG_Dawg
Member since Jun 2004
90499 posts
Posted on 5/17/12 at 2:39 pm
I've had this idea for a while but never really gave it much thought.

Do you go somewhere like you see advertised on TV, inventtech I think it's called? Then what, do they have a database to see if it already exists? Then if it doesn't, how do you go about getting things off the ground with a prototype, assuming it's something technical you can't build yourself?

I'm assuming it takes a lot of money, which is another reason I haven't thought seriously about it before.
Posted by Thomas Hudson
Dallas
Member since Dec 2006
7310 posts
Posted on 5/17/12 at 2:46 pm to
IMO there are two routes: you either keep it secret and try to develop a product (expensive and time-consuming), or you patent it (not so expensive or time consuming) and later try to license the idea to a third-party company who can develop and sell a product.

Posted by WG_Dawg
Member since Jun 2004
90499 posts
Posted on 5/17/12 at 2:49 pm to
If I went the latter route and just sold the patent, would there be any real money to be made doing that?

Also, can you patent just a general idea? Like I said the actual product would involve a bit of technology that I simply can't do.
Posted by Thomas Hudson
Dallas
Member since Dec 2006
7310 posts
Posted on 5/17/12 at 2:58 pm to
quote:

If I went the latter route and just sold the patent, would there be any real money to be made doing that?

I encourage you to do a little recent research on patent licenses and patent litigation. There is very little more valuable in America right now.

quote:

Also, can you patent just a general idea? Like I said the actual product would involve a bit of technology that I simply can't do

Now we're getting into the realm of legal advice, which I am not allowed to give you at this stage. I encourage you to talk to a patent prosecution lawyer to answer these questions.
Posted by bagNdrag
Member since Dec 2010
1910 posts
Posted on 5/17/12 at 3:14 pm to
I can give you really good information if you tell me what the idea is.
Posted by WG_Dawg
Member since Jun 2004
90499 posts
Posted on 5/17/12 at 3:45 pm to
quote:

I can give you really good information if you tell me what the idea is.


No thanks. I think it has serious potential, it could be the best thing to hit the market in its industry in a long time, in my opinion. It just requires a lot to go into it that I can't do, and I don't have much money to throw at it anyway.
Posted by bagNdrag
Member since Dec 2010
1910 posts
Posted on 5/17/12 at 4:08 pm to
Well goodluck
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