New Invention, next move?

Tony Beetroot

I have invented a new invention, it solves a trivial problem for some. Its benefits are it can save alot of money. What is my next move dragons den?

Miall108

A Glass Hammer??

harry Bailey esq

My mate is riding a young lady in the patents office,send your idea to me and ill put in a word for you.

greedygoblin

Tell us exactly what it is. We're all friends here. Your idea is safe with us! :pac:

Serious answer: patent, prototype, investigate market, business plan...

silverfeather

Put it into production?

Mr_Muffin

I am in a similar position.

I have created a new type of food. I am not sure how or if I can patent it or not.

Jesus Wept

Post on AH

Ruu

Yoink! The market will be flooded with a cheaper knock off within hours!

Tony Beetroot

Ruu wrote: »

Yoink! The market will be flooded with a cheaper knock off within hours!

Does a patent not prevent this?

harry Bailey esq

Ruu wrote: »

Yoink! The market will be flooded with a cheaper knock off within hours!

Already on it...

Peregrine

I will give you a fiver in return for 100% of equity.

DoYouEvenLift

Working prototype - patent - either fund it yourself by taking out a loan and keeping all equity (for now, at least) or find partners and investors that'll help and fund it for % of equity - find cheapest means of mass production - marketing and launch plan - ??? - profit


You could probably get some NDAs to hold you over until you manage to get a patent. Don't rush things, unless you've already found possible competitors in the same market...then you should rush lol, or else hold off and see how they get on with theirs and then do it better through marketing it better.


Not to sound harsh here, but if you're posting on boards asking this then I think you have a very long and stressful road ahead of you lmao. Just remember, be prepared for your product and business to fail so that if it does you know to assess what went wrong, where and how you can learn from it so you can do better the next time. Most people's businesses fail a few times but don't let it deter you, it can honestly be a case of throwing as much sh!t at a wall and seeing what sticks - unless you have an absolute game changing product.

ArseBurger

greedygoblin wrote: »

Serious answer: patent, prototype, investigate market, business plan...

^^ This is why people lose all their money on what they think is a good idea.

Investigate market, business plan, prototype, patent.

4068ac1elhodqr

I'd have hundreds of these such ideas, wide market research and deep feasibility analysis is the best starting point and it's free, and would back up the biz plan when it's time. Easy finance and solid IP is the hard part. Would need spare $2m for my potential worldwide cash cow.

A simple SWOT or risk brainstorm session would throw up any potential stumbling blocks - that Dragons could shoot it down with.
e.g. H&S, legal, easy replication or other contextual risks. A bulletproof proposition with the offer of wheelbarrows of dollars is the only thing that would get folks on board these days.

Similar to above but in different sequence:
1. Investigate market
2. Feasibility/Risk Analysis
3. Rapid Prototype
4. Business plan
5. Working pre-Final Prototype
6. Prepare patent
7. Brand creation, pre-launch marketing-mix
8. NDA Investor sessions
9. ...Swiftly followed with filed patent(s) if feedback positive
10. Production, Marketing, Sales, Distribution, After Sales etc cycles..

On the plus side, nearly 10% of businesses can succeed, so there's a good 1/10 chance already

fizzypish

Tony Beetroot wrote: »

Does a patent not prevent this?

If you word it well then yes. Of course china doesn't give one fiddlers fart about patents so not in China.

Send me your patent application, I'll have a quick read over it, and then send it on for you.

rubadub

Tony Beetroot wrote: »

What is my next move dragons den?

First step is a proper google search. I know a guy who has "new" inventions every second week, many I have heard of before, if I have not seen it already on sale I would usually have bet it already does exist, there is the rare one I am not 99% sure already exists but when I search they all did.

It can be hard to search for stuff as you might have names already in your head about how to describe it, while others might use very similar wording.

biko

Answers in Entrepreneurial
http://www.boards.ie/search/submit/?subforums=1&forum=106&query=patent

MistyCheese

Ask Thomas Eddison. He'll know what to do.

walkingshadow

Edible butt plugs.