Physical
In CirculationIdentifying Problems: Inventors start by recognizing existing problems or unmet needs in society or industries that their inventions can solve or address.
Innovation and Creativity: Encouraging a mindset of innovation and creativity is essential. This involves thinking outside the box and exploring unconventional solutions.
Research and Development: Thorough research is critical to understand existing solutions, patents, and market gaps. The development process involves refining ideas through prototyping and testing.
Intellectual Property Protection: Understanding how to protect intellectual property rights through patents, trademarks, copyrights, or trade secrets is crucial to safeguard inventions.
Patenting Process: Learning the steps involved in obtaining a patent, including conducting a patent search, drafting patent applications, and navigating the patent office's procedures.
Market Validation: Testing the market viability of an invention by gathering feedback, conducting surveys, or creating prototypes to assess potential demand.
Business Strategy: Developing a solid business plan that outlines the commercialization and monetization strategy for the invention, including marketing, licensing, or manufacturing.
Networking and Collaboration: Building relationships within the industry, networking with potential investors, collaborators, or mentors can provide valuable guidance and support.
Risk Management: Being aware of potential risks and challenges associated with the invention process and devising strategies to mitigate them.
Persistence and Adaptability: Understanding that the invention journey might involve setbacks and failures but maintaining persistence, adaptability, and a willingness to learn from mistakes are crucial for eventual success.
Language | English |
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ISBN-10 | 1456554115 |
ISBN-13 | 9781456554118 |
No of pages | 85 |
Font Size | Medium |
Book Publisher | Createspace Independent Pub |
Published Date | 19 Feb 2011 |
© 2024 Dharya Information Private Limited
This is the Second Edition. This book is divided into three main focuses: invention, protection, and monetization. Invention includes inspiration, the creative process by which an invention is made, as well as research and experimentation that might be needed to refine the invention.
Protection involves the legal process of obtaining patent rights or other rights in the invention. Monetization involves finding a way to generate money from the invention or intellectual property associated with the invention.