How to sell and protect an idea?

Unfortunately for the small-time inventor, marketing your ideas is a very risky business. If you think it is unique enough to compete in its own right and make money, then I would think it possible to get a loan enough to cover the patent application. Having a patent is an important step but it does not automatically mean that you are "safe" from theft - I believe that a patent is only valid in the jurisdiction of that particular patent office - meaning you need a patent in every country worldwide. Not cheap and not easy as you need to prove that the same idea does not exist anywhere and you are the only one who knows about it.

Posting things to yourself might sound like a good idea but if it actually worked in the real world I would post myself a few empty open envelopes to put ideas in should I ever have them ;)
 
If you "think" it's original but it turns out someone else has already done it you could be in trouble. I think that when you apply for a patent they will search through all known patents to make sure that it is legally your idea.

I'm not sure about this, just guessing. :)
 
Hello there, I work for a local business link (a government funded organsation that helps people set up in business or for people in business) we get questions like this on a frequent basis, i suggest you make contact with your local business link (i see your in Scotland and I beleive their they are called Scottish Business Shop there will be one for the highlands and one for the lowlands - do a google search to get the contact details :)
 
If you have the technical understanding, why not setup a business selling the clocks?

Most people in this day and age seem to lazy though and are happy to just work 9-5 in an office doing some mundane, repetitive task. I don't understand why but it's true. Don't get stuck in this loop!
 
If you're going to pitch your idea to existing clock manufacturers, they would be much more impressed and easily convinced with a working prototype than a purely verbal presentation.

Anyway, I work for the patent office. I'm very busy at the moment but I could deal with your idea in my spare time. Send me £150 (standard deposit) and full details of your idea.
 
qwerty said:
Anyway, I work for the patent office. I'm very busy at the moment but I could deal with your idea in my spare time. Send me £150 (standard deposit) and full details of your idea.
That sounds so dodgy!
 
I've only skimmed this thread, so much of this may already have been said.

You don't need a prototype, though it may not be a bad idea. You do need a drawing and/or description sufficiently detailed that the product/process can be made from that drawing/description.

You can only patent products/processes that are innovative, not inherent in the existing body of knowledge and are capable of industrial/commercial exploitation. Ideas don't qualify, though some other forms of protection (such as copyright and design rights) exist to protect other forms of IP.

Cost? Not trivial. It depends on the extent of the coverage. You can. as I understand it, do much of the research yourself, but using a patent agent (a good one) makes sense, firstly to ensure that the patent application is done properly and should not be able to be challenged, but also to do the necessary research prior to filing. If the process (or whatever it is) already exists as part of public knowledge (and I mean worldwide), then any application will either fail, or will be nullified if challenged and that prior existence demonstrated. So, careful research is essential to avoid wasting the cost of a full application.

Next .... do you want protection in the UK only, or worldwide? If the latter, you'll need to go through the process in a large number of countries.

Also, fees are ongoing. So, you don't just make one payment up-front, and that's it. Unless you actually intend to seriously either develop and market real product based on this idea, I'd forget patents. Alternatively, get the patent and then grant licensing rights .... IF you can find anyone willing to pay you for them.

Or, you could hold discussions with manufacturers based on non-disclosure agreements, but if you do, then :-

1) Get a lawyer to draw up the agreement to be sure it's as watertight as possible.

2) Be aware that a manufacturer, once aware of your basic concept, may be able to come up with an improvement or variation that would be outside the scope of an NDA, because no manufacturer is going to sign an NDA so broad as to limit their own independent creativity. It would be commercially stupid to do so, based on an unknown entity such as a student’s idea. If you had a successful track record, that may be different. Moreover, you'll have a job getting any significant manufacturer to even meet with you, let alone sign an agreement. You'll find you're the supplicant, not them. You need them more than they need you.


And actual cost? One recent study showed that a decent patent would cost of the order of £75,000 to obtain and maintain, over a period of something like 7 years. But, bear in mind, the cost is NOT fixed. If you get a legal challenge on your application (and even a patent grant can be challenged), you either have to cave in, or be prepared to stump up quite large sums to defend it. So that £75,000 will be much higher than some patents, and much less than others (especially if subject to a protracted legal fight).

You can pretty much guarantee that it's going o cost you several thousand pounds over a few years, if you do it properly, as a minimum. So, as I said, unless you are either loaded and have money to burn, or really think you're on to something that is feasible, marketable and commercially viable, and are prepared to seriously follow it through, forget about patenting it.
 
geeza said:
tell me your idea. ill patent it for you :p
I know that's facetious, but it brings up another serious point about patents. As with my last post, this may have already been said, but ....


.... to get a patent, the 'idea' must NOT be part of public knowledge. Technically, if you tell ANYONE, other than under an NDA, that will be enough for the patent application to fail. Tell a mate in the pub, and you've blown it, if that fact ever gets out. Just one person needs to know, that isn't covered by NDA or other legal restriction, and the 'idea' is "public knowledge".

So, until you're sure you've got that covered, tell nobody the details.
 
As you mentioned your a student your University can help you with the patent process - iirc at some uni's your not allowed to patent an idea yourslef until you graduate.

I came up with an amazing design to allow the lossless propagation of TCP/IP networks through underground rail networks, came up with a specific design and then got shafted - 6 months have passed and I've still not seen a penny.

You can't patent ideas - ideas are the property of society - you need something more concrete.

And I think a patent costs about 15K in the UK? In the US its 70 dollars or something redicules.
 
I think I can help on this one as my wife was a director of a company dealing with inventors and helped get their ideas to market.

first off, email me with your contact details.
I can put you in touch with fellow inventors who have done all this before and can give you proper advice.


please don't go anywhere near those companies that advertise on TV, they will rip you off big style.


please don't talk any more about your invention to non qualified people, it makes the placement of your idea much harder.




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