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Young Entrepreneur Forums » General Business » General Business » So I have this product idea, but no means of creating it.



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Old 04-12-2008, 07:31 PM   #1 (permalink)
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So I have this product idea, but no means of creating it.

Is there any way I can monetize an idea of mine, even though I don't have the technical know-how to design and construct it? I know you can patent ideas, but a.) you have to know specific materials, etc. to make the product from (which I don't know), and b.) I don't have the capital to hire a patent lawyer (or whatever they are called) to help me out getting a patent written.

So, is it possible to sell an idea to a company who could design and develop the product?
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Old 04-13-2008, 06:57 PM   #2 (permalink)
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Yes, it is possible to sell your idea to a company that will develop it. Check out the US Patent Office for additional details at United States Patent and Trademark Office Home Page. Also, you may want to check out a company named Innoventum, Inc. It is a company of attorneys that started a basic "how to" business kit for small and start up businesses, like yourself that can capitalize on a number of opportunities. They have helpful free articles and literature. This may be beneficial to you.

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Old 05-10-2008, 11:08 PM   #3 (permalink)
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If there is an idea there is a way.
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Old 05-11-2008, 03:44 PM   #4 (permalink)
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The secret is in the method. I don't know what that method is...
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Old 05-12-2008, 08:47 PM   #5 (permalink)
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Quote:
Originally Posted by TBBucs View Post
I know you can patent ideas, but a.) you have to know specific materials, etc. to make the product from (which I don't know), and b.) I don't have the capital to hire a patent lawyer (or whatever they are called) to help me out getting a patent written.
I was under impression that you can't patent an idea, but if you can create a prototype, you can patent it.
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Old 05-13-2008, 03:56 AM   #6 (permalink)
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what are you trying to create?
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Old 05-13-2008, 03:59 AM   #7 (permalink)
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Quote:
Originally Posted by TBBucs View Post
Is there any way I can monetize an idea of mine, even though I don't have the technical know-how to design and construct it? I know you can patent ideas, but a.) you have to know specific materials, etc. to make the product from (which I don't know), and b.) I don't have the capital to hire a patent lawyer (or whatever they are called) to help me out getting a patent written.

So, is it possible to sell an idea to a company who could design and develop the product?

You don't need an attorney. Just contact a product development company. They can do it all for you. For a price...
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