I have a very solid invention/innovation “idea.” I need to take it to the next step. I have spoken with patent attorneys and I am a little discouraged by the initial costs (simple patent=10k+; mine is not simple) and odds of success. I have a college degree and an engineering and business background. I am certain that this invention will work and fill a need but it will take some doing.
- It is a somewhat complicated innovation but it can work. It borrows on existing technology but uses it in a new and highly innovative way. To get to the prototype stage it will take a significant capital investment to do R&D which I do not have. The ROI will absolutely justify any initial expenses.
- I can sell or present my idea to executives (10+ years in Sales). The approach I would like to take is to see my invention and hand it over to a technology company so they can run with it (R&D; lawyers; marketing, etc.) and get a % or similar arrangement.
- Should I file a provisional patent? I personally cannot make a working prototype within the 1 year time period that a provisional patent allows me. My understanding is that in that case, I will lose all rights to it. I could probably make a simulation of “how it would work” during a demonstration within a year but it would not be the actual technology. It would involve circuits and communications equipment- again, the technology involved already exists but not in the way I want to use it. It will be a very unique and well received innovation.
WHAT SHOULD I DO?
* 11 hours ago
* – 4 days left to answer.
FOR OBVIOUS REASONS I AM NOT GOING TO SHARE MY IDEA IN THIS TYPE OF FORUM. I THINK I WAS SPECIFIC ENOUGH TO SOLICIT GENERAL GUIDANCE.
YOU CAN SIMPLY THINK OF MY IDEA AS A NEW TYPE OF CELL PHONE. BIG COMPANIES HAVE TEAMS WORKING ON NEW DESIGNS/FEATURES- THINK OF MY IDEA ALONG THOSE LINES.