Idea Design Studio reviews that patents are key to success for inventors and outlines tips to point people in the right direction.
Idea Design Studio reviews what prospective inventors can learn about the correct steps for patenting an idea. The process is typically misunderstood by many, according to Idea Design Studio, but often turns out to be a rewarding and educational part of the entire invention cycle. Those who want to patent their invention should be ready to do a bit of research and should seriously consider making a prototype.
The main advantage of filing a patent application is to protect a unique concept, Idea Design Studio says. There are essentially five general steps in that process.
First, inventors must document the idea by writing down all pertinent information in a special book called an inventor’s journal. This type of journal has permanent pages that can’t be taken out. Nor can additional pages be put in. Upon conceiving of an idea, an inventor should log the date and time and have a witness sign the journal.
Second, the inventor should do some research, say the experts at Idea Design Studio. Research consists of two phases, namely looking to see if a similar patent has been filed before and examining the potential commercial market for the invention. Idea Design Studio reviews that a good place to start is the official U.S. government patent office website http://www.uspto.gov.
Third, inventors should construct a complete prototype before officially filing the patent paperwork. This step forces the inventor to make certain that the product is a practical one, and didn’t just look good on paper. Idea Design Studio advises all inventors to log everything in the journal as the idea develops. Later on, the inventor’s journal will serve as a reliable legal document that shows what happened and when, from conception to sale of the finished product.
After getting professional advice, file the patent with the U.S. Patent and Trademark Office.
Idea Design Studio professionals say the fifth and final step is marketing and making a business plan for the (now patented) invention. In this step, a business plan is created and all the financial details get ironed out. Inventors should be ready to go into business, market, sell and distribute the product. If that is not the case, inventors who do not wish to go into business can license the product to a company that will sell it for them. This arrangement, according to the experts at Idea Design Studio, allows the inventor to retain a percentage of the profits but not be involved in the marketing and selling of the invention.
Idea Design Studio helps creators of all types protect their ideas and inventions, and bring them to market. Inventors who are stuck in the design stage, struggling with patent applications, or who need help with marketing of their product turn to Idea Design Studio.