Hello, everyone.
I'm reading the Millionaire Fastlane , and I began to do research to execute some of my ideas. I would greatly appreciate if someone experienced in patenting and licensing can give me some advice.
I have an idea that I want to bring to reality, and I truly believe it has a good potential and can be developed and patented. It can be used to create both a stand-alone product and parts for a pre-existing product. Stephen Key of InventRight advises to spend as little time and $ as possible, and to file a provisional patent and to start contacting the potential companies with a sell sheet.
A Beginner's Guide: How to Rent Your Ideas to Fortune 500 Companies (Plus: Video)
How to Rent Your Ideas to Fortune 500 Companies: Part II (Plus: Hacking Japan Tips)
I don't have much $ I can spend right away without getting any feedback from a company, and another problem is that I am terrible at the mechanical part. For instance, if I were to invent a bicycle, I would come up with the idea of fast moving, wheels, seat, handle, and pedal, but not the rest of the parts that are smaller. A good part is that my concept is very simple. It just has to move automatically or semi-automatically a little, and I am not sure how to do that.
1. If some of the mechanical parts of the invention is a bit deficient or unclear, can it still go through the patent office, AND prevent the companies from stealing my idea by making the details a bit more clear and filing their own patent? (i.e. I have no idea how to motorize a part, or haven't seen the blueprint of pre-existing products)
2. I don't have much money I can spend right now. Is getting a service from patent attorneys or engineers still recommended?
3. Has anyone used Stephen Key(InventRight)'s service before? (Home - InventRight)
4. Do companies commonly help licensing inventors to develop their ideas further into reality and file the non-provisional patent for you, if they want to move forward with your idea?
5. Any other advice you can give me please?
Thank you in advance.
I'm reading the Millionaire Fastlane , and I began to do research to execute some of my ideas. I would greatly appreciate if someone experienced in patenting and licensing can give me some advice.
I have an idea that I want to bring to reality, and I truly believe it has a good potential and can be developed and patented. It can be used to create both a stand-alone product and parts for a pre-existing product. Stephen Key of InventRight advises to spend as little time and $ as possible, and to file a provisional patent and to start contacting the potential companies with a sell sheet.
A Beginner's Guide: How to Rent Your Ideas to Fortune 500 Companies (Plus: Video)
How to Rent Your Ideas to Fortune 500 Companies: Part II (Plus: Hacking Japan Tips)
I don't have much $ I can spend right away without getting any feedback from a company, and another problem is that I am terrible at the mechanical part. For instance, if I were to invent a bicycle, I would come up with the idea of fast moving, wheels, seat, handle, and pedal, but not the rest of the parts that are smaller. A good part is that my concept is very simple. It just has to move automatically or semi-automatically a little, and I am not sure how to do that.
1. If some of the mechanical parts of the invention is a bit deficient or unclear, can it still go through the patent office, AND prevent the companies from stealing my idea by making the details a bit more clear and filing their own patent? (i.e. I have no idea how to motorize a part, or haven't seen the blueprint of pre-existing products)
2. I don't have much money I can spend right now. Is getting a service from patent attorneys or engineers still recommended?
3. Has anyone used Stephen Key(InventRight)'s service before? (Home - InventRight)
4. Do companies commonly help licensing inventors to develop their ideas further into reality and file the non-provisional patent for you, if they want to move forward with your idea?
5. Any other advice you can give me please?
Thank you in advance.
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