New inventors often say to me, “I have an idea I think is great, now what do I do?”
My most succinct answer is to do the following:
- Search: USPTO.gov, retail and online stores, catalogs
- Prototypes: Begin building prototypes of your invention
- Validate: Market test in as many ways as you can do on your budget
Perhaps the biggest mistake made by new inventors is they spend very little time doing any of the three steps described above and focus instead upon immediately filing for a patent. Huge mistake.
Let’s look at the above three steps in a bit more detail.
According to USPTO.gov, for the first time ever in 2014 over 300,000 utility patents were issued in the US in 2014 and there are over 8 million total issued patents. In 2014 there were over 600,000 US patent applications with estimates of over 1,000,000 total…
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