How do you find out if your idea already exists?

One way of checking whether or not your product or idea has already been invented and patented by somebody else is to consult the EPO’s free search service Espacenet. The database contains more than 130 million patent documents – most of them patent applications rather than granted patents – from around the world.

How do you bring an invention to market?

9 Steps to Bringing a Product to Market

1. Step 1: Thinking of an idea.
2. Step 2: Decide if your idea is worth pursuing.
3. Step 3: Creating an inventor’s logbook.
4. Step 4: Identify a target market.
5. Step 5: Research that market.
6. Step 6: Re-evaluate/improve your product based on that research.
7. Step 7: Create a prototype.

Is there a patent for my idea?

You cannot get a patent just based on an idea. You must show how your invention works. In addition, your invention must be new (or “novel” in the parlance of patent lawyers). This means it must be different in some important way from all previous inventions in that field.

What if a patent already exists?

no. If an idea has been turned into an invention and is already known in the market, then it’s no longer patentable. Whether it’s been patented already or not doesn’t matter. Patents are granted for novel, non-obvious and useful inventions whereby ‘novelty’ means that the invention is not known..

How long does it take to get an invention to market?

For most founders and products, two years is more realistic. Taking one year for development plus one year to scale to manufacturing is an achievable goal for most hardware startups. This is why you really need to have a long-term mindset.

How much can you sell an invention for?

An inventor taking this approach to patent selling may attract $5,000 to $35,000 for their patent, or more if it’s a valuable patent. Some inventors hire a marketing service to try to interest companies; such marketing companies usually keep statistics on their success rate.

Can you get paid for invention ideas?

Many inventors choose to sell their ideas to companies for royalties rather than a one-off payment, especially if the idea is particularly promising, as royalties can often end up allowing them to earn much more money over a longer time period (passive income). Many companies offer this as an option to inventors.