Unique Invention Idea

[kali]

Hello all. I am looking for an investor to aid in bringing a unique invention to market. Development stage should be brief an relatively inexpensive. I am not comfortable providing a description as of yet due to potential for "theft" of the idea. Allcarolinainsurancegmail. Thanks

[akula]

hi..is this an insurance product?

[kali]

No, it's an automotive/everyday convenience product. I've searched and can't find a similarly patented product.

[akula]

aaaaa best of luck i guess
you're gonna need it
1st time starting a business huh?

[kali]

Not first time....and this will be a success....thanks for the inquiry

[akula]

yea a no worries...
so, what are you gonna do?
looking for a loan?

[kali]

I have a close friend of my brother that specializes in patent law. This is my first feeler that I have put out. Capital would be nice to expedite, but the more I think about it, I may be being somewhat hasty. Time is on my side if my exclusivity in discovery proves to be true.

[akula]

yea i see..you're in a somewhat interesting situation
..a really common situation, but interesting nonetheless
let me ask you, why do you think you need to register your intellectual property (provided that it is registrable..which it might not be)?
there's plenty of firms out there selling innovative products and they're doing just fine without having a patent registered
and inversely, there's plenty of inventors out there who have registered a patent...but no one's buying anything from them and all they have is a bill from their lawyer..

[kali]

It would be kind of crazy not to look into registration considering that, if it is unique, I would have exclusivity for even a limited period of time. keep in mind that I am not relying on it's success to eat or live. My interest is piqued by your questions though. I always find it funny that societally we have all gotten so hesitant to explore opportunity when one idea or vision could actually change collective lives.

[Nigami Enterprise]

What Akula is saying is completly true. There is such a misconception that if you invent something you need to have a patent on it. News flash A PATENT DOES NOT PROTECT YOUR PRODUCT FROM BEING STOLEN its gives you the right to protect your product if stolen.

If companies like Nike can't protect there trademarks what makes you think you will have the money to defend your patent???

[Nigami Enterprise]

The only people who make money out of patents are lawyers.

[akula]

It would be kind of crazy not to look into registration considering that, if it is unique, I would have exclusivity for even a limited period of time. keep in mind that I am not relying on it's success to eat or live. My interest is piqued by your questions though. I always find it funny that societally we have all gotten so hesitant to explore opportunity when one idea or vision could actually change collective lives.

yea...it's ok. you might just be a little bit unsure at the moment whether IP protection is something that might add value to your overall ommercialisation strategy...

1. IP registration would probably add little value. It rarely does. Mostly, it destroys value. If those poor saps whose names you saw on patent applications when you searched the database put their money towards something productive (like actually selling stuff), there’d be a lot more happy business owners out there.

2. Anyways...patents are legal instruments designed for purposes other than allowing small business a limited monopoly in commercialising some kind of an invention. Patents are designed to encourage innovation in the economy by allowing a limited monopoly to large pharmaceutical manufacturers or other major corporations who set aside funds to litigate patent infringement. By their design, patents are ill suited to help someone in your situation (i.e. a small business).

3. the other issue is one of inimitability. Something complex like a drug formula is really hard to imitate. However, most inventions are easily imitable. For example, apple has something like 800 or so patents on its iphones. That doesn't stop dozens of other manufacturers imitating Apple by making touch screen, internet enabled phones that do pretty much the same thing as an iphone. The iphone is successful for reasons other than its patents. The reason why Apple has patents is not because it makes their product sell better, but because it’s supposed to try and limit how much innovation their competitors are able to undertake.

4. Anyways, you’re not Apple. In your situation, who cares if you have a patent? if your product is successful and I want to imitate you, I'll find a way to do it and it'll be impossible for you to successfully sue me for infringement. In other words, what's the point for getting the patent in the 1st place? Save yourself the headache. This idea of an inventor spending 100k to patent an invention and then selling that patent for $100mill is a work of fiction. This doesn't happen in real life...as you can plainly find out from all those millions of poor souls who are sitting around with their worthless patents.

Rethink your commercialisation options. leave the fantasy behind.

[avelina]

Invent a chemical, after adding this chemical to water; water can be used as fuel in vehicles.

[Risky]

The successful inventors didn't know how or when to give up, which is why they are successful today no matter how stupid or hopelss their invention seemed. Chances are, they've encountered pessimists along their road to success.

[Zechra]

Inventions are intimidating. I thought of an invention a few years ago. I believe there is a market for my product, but the companies I would be selling it have enoughf money to make a few calls and have it designed and manufacured themselves cutting me and my profits out of the equasion. Frusturating situation to be in.