I have an Idea which has huge market and social and environmental value but does not come under patent norms?
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10-13-2012, 01:35 PM
Post: #4
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"No options for creating a venture"?? What makes you think that?
Many products and processes are not 'protected' by patent. Is there a way to make it hard to find out how your innovation works? E.g.; - potting a circuit completely in resin - keeping the process a 'trade secret' etc. A patent in itself gives you no real protection at all - it gives you the right to go to court and argue a breach, then attempt to establish a case for some sort of financial restitution of perceived loss. That's great - so what would your financial resilience at court be anyway? MOST good ideas can be easily copied. Establish a licence to manufacture agreement and get out there first and foremost with your product. If competition really would ruin your chance at the market - which is not very likely, then start designing upgrades, add-ons or improvements before you even get Version 1 into the market. Then, when the competition finally catches up with you - you can release Version 2. That way the competition is left selling 'yesterdays news' by comparison. Find an experienced business advisor, a 'business angel' investor with experience in the relevant field to your offering or locate your local chapter of the Inventors Association for some advice. Good Luck. |
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I have an Idea which has huge market and social and environmental value but does not come under patent norms? - Vinay - 10-13-2012, 01:27 PM
[] - sthrnlight - 10-13-2012 01:35 PM
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