Inventing Help...

[Ronr3914]

Hey everybody,

I have this very good idea for an invention. I did some research and have found that my idea should satisfy all the Commandments of CENTS. I did however run into an issue. I predict the cost of getting a patent on this product would not be feasible for me at this time. Should I forego getting a patent and produce/sell my product anyway? Should I try to find investors and if so, how? Thanks in advance for any help that I may receive.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[BlakeIC]

How fast do you feel it will scale?
whats the current cost for the patent?

 

[AndrewNC]

not be feasible for me at this time

What is the cost of getting a patent?
What is something you can do to cover that cost?

 

[Ronr3914]

I'm not sure that my product would explode on the market, however I do know that it would sell. I've estimated the complete process to be about $40,000. Is it possible to find investors for this sort of thing? Or should I just save enough money until I can facilitate?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[IAmTheJeff]

Why not file for patent pending status?

 

[Ronr3914]

Sounds like a nice little loophole. I will have to research this, thanks.

 

[themaxx]

Why not file for patent pending status?

I was about to suggest this - google "provisional patent"

Personally I'd just launch and try to make money - worry about patents later (or for your next idea).

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[DeletedUser2]

provisional patents when ever we filed them were only about 1500 bucks. vs 20,K for a full blown patent.

better to get one filed. modify it later
if need be you can modify

 

[Ronr3914]

$1500 is definitely doable. Thanks.

 

[MitchC]

I was about to suggest this - google "provisional patent"

Personally I'd just launch and try to make money - worry about patents later (or for your next idea).

I'm not sure about US laws but in Australia once your idea is made public you can't patent it so don't release it before you have one if you intend on getting it unless you find out otherwise

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[wilddog]

File a provisional patent. Here's a cheap place to do it.

http://www.legalzoom.com/patents/provisional-patent-application-overview.html

 

[Ronr3914]

Awesome, thank you.

 

[themaxx]

I'm not sure about US laws but in Australia once your idea is made public you can't patent it so don't release it before you have one if you intend on getting it unless you find out otherwise

In the US "you can publish your invention or offer it for sale prior to filing a patent application, provided that you file your patent application within one year of the publication or offer for sale":
http://web.mit.edu/tlo/www/community/preserving_patent_rights.html

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Ronr3914]

That's some really good info... I'm pretty excited. Time to develop a working prototype. Thanks to all.