Tips on Patenting Your Next Great Idea
Ever watch the infomercial for the Snuggie and think, “I seriously could’ve invented that?” Well, you probably could have if you did your due diligence and acted upon your great simple idea. And to translate your great idea to a sellable one means getting a patent, which is an essential to taking ownership of your invention.
James Jorasch, founder of Science House – an organization that invests in early stage science-related companies, definitely doesn’t have any problem putting the petal to the metal when it comes to capitalizing on his ideas. As a named inventor on more than 350 issued US patents, he has had a lot of experience with submitting claims and navigating through the long process. We’ve asked him to share his tips on the patenting process and the invention game and he graciously provided the following guidelines:
Tips for generating ideas:
Want to generate some ideas but don’t know quite where to start? Get into the mindset of thinking about how to make things better. This country has a culture of complaining – turn that around and start thinking about how to improve things. Sometimes 80 percent of inventing is just trying.
While you should certainly have a passion for the field in which you are inventing, be careful about inventing in areas that many other bright people are thinking about. Have an idea for a new form of music downloading service? Or an improvement to a baby stroller? Or a new golf club? You’re not the only one. Dozens of such ideas pop up every month. Don’t go with the herds. Carve out your own niche.
Don’t fall into the trap of falling in love with your first idea. You probably didn’t marry the first person you kissed. Same with ideas. Generate fifty ideas and pick out the best one.