From Idea to Innovation: Key Steps for Inventors Bringing your invention to market can seem like a complex process, but breaking it into clear steps can help simplify the journey. Here are some essential tips every inventor should know: 1. Protect Your Invention Before You Share It If you plan to present, publish, or publicly share your invention, it’s vital to submit a Report of Invention first. Public disclosure can reduce or even eliminate your chances of securing a patent. Aim to report your invention at least a month before any public communication. 2. Know What Can Be Patented Not every idea is patentable. However, processes, machines, compositions of matter, and even some computer programs can qualify. Protecting your invention strategically not only safeguards your work but also maximizes its commercial potential. 3. Play an Active Role in Commercialization As an inventor, your involvement is key to successfully commercializing your technology. Share relevant industry contacts, assist in creating marketing materials, and participate in discussions with potential licensees. Your insights can make a significant difference in finding the right partner. 4. Thinking About Starting a Company? Starting a business to develop your technology can be a rewarding path, but it requires careful planning. Create a solid business plan and identify a strong business lead to navigate the process. Remember, dedication and resources are critical to turning a startup into a success. 5. Understand Licensing and Revenue Licensing your invention can generate royalties, but the process takes time. Revenue from licenses is often distributed among inventors, departments, and the university, with portions reinvested into research and innovation. These steps are just the beginning. Whether you’re at the idea stage or actively working on commercialization, staying informed and engaged is the best way to move forward. Have questions or want to share your experience? Join the conversation in the comments below. #InventorTips #Innovation #IntellectualProperty

Posted by InventorTips at 2025-01-22 22:33:51 UTC