When it comes time to capitalizing off your invention ideas, one of the key components is documenting and recording your idea. This way, if a similar idea comes along, you will have your original proof in writing. Furthermore, when it comes to patenting your invention, the original recording of your idea will help your claim for patent protection. Additionally, when it comes to selling your ideas, having original recordings will make a big difference in getting your invention marketed.
Step 1: Write a Business Plan When it comes to implementing your invention ideas into a business venture, the very first step you should take is creating a solid business plan. The majority of inventor start-ups fail because they do not create a complete, clear description of what they are going to do and how they plan to do it. By providing a business plan, you are laying out how you propose to use the patents and how your business is going to support you pursue your invention. In addition to having a business plan, you should also document your invention ideas so that a businessperson can later draw up a patent application. However, without a detailed description of your invention, a patent application will be insufficient to support your claims for an invention.
Step 2: Draw Up a Conceptual Drawing Most people who are skilled in the field of mechanics have at some point or another to come up with an idea for an invention. Unfortunately, drawing up a detailed conceptual drawing of your invention is often insufficient to secure patent protection. Many investors mistakenly believe that there is no need to document their inventions before they can patent them. However, drawing up a detailed conceptual drawing of your invention is essential in showing the patent examiner that you are qualified to patent the idea.
Step 3: Write Down What You Think Say something like “I have invented a machine which,” or “I have designed a new method for manufacturing cans.” The key here is to say the actual words, not just quote them from memory. If you think about what a particular idea really means, then you can be much more certain that your patent will be approved. However, if you have a strong feeling that your idea is clearly unique and not obvious to others, then it is best to consult with a patent attorney before making any representation as to whether your invention ideas should be protected by a patent or not.
Step 4: Develop the Idea or New Product After making the above statement, you have to develop the idea or new product in some way that shows you have a strong understanding of what you are talking about. It can be helpful to write down your thoughts on paper first. Then, you need to make a product or version of your invention that will be worthy of taking to a patent examiner. A good way to do this is to develop the idea or new product in as much detail as possible. This should be done before you file the patent application. You will then be able to explain why you believe it is so great and why it deserves protection.
The last step is to discuss these invention ideas with an examiner. It can be helpful to have other people who are highly knowledgeable in the field reviewing your patent as well. This will help make sure that there are no problems with the way the idea is presented to the patent examiner. After discussing the merits of the invention and why it should be granted protection, the inventor will be able to obtain the protection he needs in the form of a US patent.