There are plenty of less than forthright groups that allegedly help individuals sell their inventions to enterprise. In all my years of working as a patent lawyer, i have in no way stumble upon a unmarried individual who ever used any suchgroups to efficaciously market or sell their invention. however, i have met several who effectively marketed their inventions themselves.
before you take any steps to marketplace your invention, you should take some preliminary steps.
preliminary Patent seek – A preliminary patent seek is usually a good first step. A preliminary seek of various patent offices can be performed for an affordable rate (simply contact a patent agent/attorney), and it is even feasible to behavior one for free (see the usa patent workplace at http://www.uspto.gov/)
Patent software – don’t publicly disclose your invention until after a patent utility is filed. Publically disclosing the invention before submitting a patent software can potentially wreck the possibilities of ever being granted a valid patent. In reality, many organizations will now not even communicate to you till you’ve got filed a patent application.
prepare a proper statistics package deal – You should put together an informative and concise facts package dealdescribing you, your invention and the capability market your invention reaches. The package ought to consist of shadepix of the discovery, and a one web page government precis.
Prototype – It is a lot easier to promote a product if capacity shoppers can see, contact and experience the product. building a running prototype is mostly a key step in selling your invention. Of course, a few products are hard to prototype, in which case a non-working mock-up may additionally ought to do. In any occasion, create the most expertprototype or mock-up you may.
obtain Financing – constructing prototypes and filing patent programs require price range. locating that initial begin up funding is often hard; however, there are attempted and actual techniques, namely partnerships and incorporations. A signed partnership agreement is one manner for some human beings to pool their economic resources right into a task. If several investors are concerned, then an incorporated corporation is a better approach. essentially, the employer takes ownership of the discovery and the traders make a contribution money to the organisation in alternate for shares. The number and charge of the shares can be tailored to healthy the particular wishes of the assignment.
Now that we’ve treated a number of the initial troubles, let us study the mechanics of promoting your invention to a corporation. The actual steps within the method are as follows:
1. Compiling a list of capability buyers – locating a company this is willing to buy the discovery is the most difficult part ofthe method. It starts by means of generating a list of agencies that can be inquisitive about the discovery. you can use a enterprise listing to generate that listing. commercial enterprise directories listing organizations by way of the goodsthey manufacture (or offerings they provide) and encompass primary Yale Tribune statistics about these organizations which includestheir address, smartphone and fax wide variety, and the name of the president (CEO or owner). appropriate enterprisedirectories can be found within the enterprise section of the neighborhood reference library.
2. Contacting capability consumers – Your list of ability customers may also encompass literally masses of corporations. You sincerely name up every company on the list and ask them if they might be inquisitive about receiving a solicitation for a new invention. Then get the touch statistics about who in the organization to ship your data to.
three. imparting the discovery to possibilities – After you’ve got thinned out your list, your next step is to submit your statistics to each of the businesses on the list. this may contain calling the human beings identified to be the “touch” for brand new product thoughts and telling them which you are sending them an statistics package about your product. Your package deal ought to include a cowl letter and a one page synopsis of your product (such as a photograph). The factshave to be clean, concise and it have to seem as expert as viable. don’t try and overwhelm the recipient – you need to impress them, not burden them.