Inventors come in all ages and sizes, with children as young as 7 years old coming out with ingenious ideas that are worth millions, and possess the potential to truly bring about a change. Patenting invention ideas is a task that ranks high up on an inventor’s to-do list, right alongside being open to Eureka moments.
Those seeking to patent invention ideas will find for themselves that securing intellectual property rights for ideas is slightly more difficult and trickier than acquiring a patent for a product.
It is highly likely that the idea that took shape in your head did so in someone else’s mind, too. It is always a good idea to cross check with the records of existing patents if your invention idea infringes any existing patents, as a lawyer’s notice is never a pleasant way of learning that you have unwittingly breached the walls surrounding a patent protected product. Never initiate the process of patenting invention ideas without doing your homework first.
Before venturing anywhere within ten miles of any regional or national organization that issues patents, take some time to study market trends. What seems like a fantastic invention at superficial consideration, turns out to be riddled with holes on closer inspection.
Remember that family, friends, and sometimes even colleagues, are planted in your life only to boost your morale by appreciating everything you do. It is therefore advisable to have an unattached third party run a critical eye over your idea, and voice out his/her unbiased opinion.
An inventor must also ascertain the demand in the market for his invention before patenting invention ideas. This is because all the effort, time and money that is invested in acquiring a patent for an invention idea will be in vain if the ultimate product has no appeal in the market.
Sometimes, patents are not granted for invention ideas that are uncannily similar to existing patented products. Though this works as a dampener for more ambitious plans, it also reassures you that your product does have a market.
Patent invention ideas are often worth a fortune, as most new inventions are but improvisations of existing products. Holding the patent for an invention idea, in such a scenario, is a highly profitable deal.