Everybody likes their own ideas and if you are lucky, others will like them too. This means your ideas have potential to become real products and make impact on humanity. When you have ideas, it is best to keep them in writing and get objective opinions from a close circle of friends and well-wishers. If those ideas need technical help, many companies will gladly assist in testing, consultation and bringing those ideas into reality. And when it comes to measuring the potential of your ideas, there is always the PIES – Preliminary Innovation Evaluation System – to assess how much it could be worth if they are converted into products.
So, much for the ideas that came up when you were doing your daily routine, but what if others try to deceive you by stealing them behind your back. For this, you need protection – a way to protect your ideas. Most people who want to do this think first about patents. There are many reasons to go the ‘patent’ route. Many companies hesitate to license idea without patent tag attached to it. Getting a patent is a lengthy process, so it is not for the faint of heart. It is also complicated and doesn’t guarantee that you will succeed. However, if you manage to get a patent to your idea, for which you may need professional help from firms like patent attorney Minneapolis MN, the next step is to market those ideas.
Many individuals and firms also choose to protect their ideas using trade secrecy. This means only a certain set of people have the knowledge of these ideas, and they are bound by a contract to keep it a secret forever. Most trade secrecy happen in the field of medicine, factory equipment and devices as well as a few technology that are considered ultra modern.
After your ideas are licensed as per the procedure, it is time to make use of research and development to refine the designs. Many individual inventors find themselves trapped in a world lacking enough resources to conduct independent research and hence delegate the task to companies handling it. And most investors wait and watch until the product seems to be viable in the marketplace. If you are a firm believer of your ideas, your best bet is to market them yourself. Research and development can only go to the length of creating a prototype or refining the design for you. The actual product design takes place in the manufacturing unit meant for the same. However, R and D is an important step that should not be skipped.
Again, how well your product will perform in the market depends on many factors including how you will handle any litigation or issue arising from it. The customers may find fault in your product, they may ask for a refund, complain about its parts, even file lawsuit in some cases. All these require that you handle the issues professionally through an experienced attorney specialized in consumer products.