Who do I tell my invention to?

Sharing your idea with your patent attorney

As for your patent attorneys, they are bound by ethical duties to maintain confidentiality and could be disbarred for sharing your invention with others. You should feel comfortable sharing your invention with your patent attorneys.

Who do you take invention ideas to?

Whether you want to produce and market your invention yourself or license it to another company, the only way to make money from your invention and to guarantee that no one will steal your idea is to file a patent with the U.S. Patent and Trademark Office.

Where do I take my invention?

If filing a domestic patent application, you'll want to file with the United States Patent and Trademark Office (USPTO). Thousands of inventors have navigated the patent system on their own and were successful in doing so. You don't necessarily need a qualified attorney to assist you in the process.

What do I do with my invention idea?

How do I market my invention?

What to do after you come up with an invention idea

Can I sell my invention idea without a patent?

No. You are not required to obtain a patent in order to sell a product or service embodying your invention. Many products and services are sold that are not patented. A U.S. patent provides the right to stop others from making marketing, selling, or importing your invention in the United States.

How much should an invention cost?

Design Patent Cost

Design patents cost varying amounts depending on the representation, but they are typically between $1,500 and $3,000. A design patent may also incur additional costs if another inventor opposes its registration.

How do you sell an idea to a company without them stealing it?

There are two ways you can protect your idea when pitching it to a company, and those are filing a provisional patent application or using a nondisclosure agreement. Both of these will help you to present and try to sell your idea to a company without them being able to legally steal it.

How much do you get paid for an invention?

How much does an Inventor make? Inventors make $57,594 per year on average, or $27.69 per hour, in the United States.

Can I invent something and sell it?

If you happen to find a manufacturer that is interested in your invention, there are usually two options. You can sell your invention idea, or you can outright sell the invention itself for one large lump sum as compensation for your idea. The second option is to enter a licensing agreement.

How do you pitch an idea without it being stolen?

If you determine that the invention is probably not patentable, the most effective way to protect yourself is to have prospective licensees sign a nondisclosure agreement before you reveal your invention. This document is sometimes called an "NDA" or a "confidentiality agreement," but the terms are similar.

How do I protect my ideas from being stolen?

Will companies pay for ideas?

Your ideas are valuable and could prove to be highly profitable, so it makes sense that many companies are more than willing to receive new ideas from external sources and either buy them or create a licensing deal. The submission process may vary from company to company, but they all have an interest in good ideas.

How do I sell my idea to Google?

Go to the Google Workspace Feature Ideas Community. At the top right, click Login to ask a question and sign in to Google Cloud Connect. To get access to the Community page, click Send request to join (allow up to 2 business days for access). Search the Feature Ideas Community to see if your idea already exists.

How do I turn my idea into a product?

How do you turn an idea into reality?

By creating a plan, asking for feedback, and taking action, your great idea can become a reality. But don't think it's going to be easy. Look closely at the risks and potential barriers – and create solutions to overcome them. The more you prepare, the higher chance you'll have for success.

How do inventors get money?

An inventor usually authorizes a manufacturer (the licensee) to make and sell the invention in exchange for paying the inventor royalties. The royalties may be a percentage of the net revenues or may be a payment for each invention sold.

Do inventors get royalties?

Unless an inventor decides to manufacture their own invention, they usually will obtain income through royalties from licensing the invention to other companies. These entities control the manufacturing, distribution, and marketing processes. Royalties are usually measured in terms of net sales.

How do inventors get funding?

Grants.gov is the best place to start. It lists many opportunities available through the federal government. In particular, Small Business Innovation Research (SBIR) funds inventions for startup, development, and commercialization phases.

Should I patent my idea?

Is It Necessary to Patent Before Selling? It is not a requirement to patent a product or service pertaining to an invention before you can sell it. In fact, there are many services and products that are sold every day without being patented.

How do I legally sell my ideas?

You Can't Legally Own An Idea

And if you don't own that idea, you can't sell it. The only real recourse you have is to patent your idea, but that may involve producing a prototype that incorporates said idea and may be more than you're willing to do to make a sale.

What happens if someone steals your idea and patents it?

The bottom line: If a thief steals and patents your invention, you can sue the thief and have ownership of the patent transferred to you.

What is a poor man's patent?

A poor man's patent is essentially writing out a description of your invention and then mailing that written description to yourself. This postmarked envelope supposedly acts to create the date of your invention as the date this written description was postmarked.

Should I license my invention?

Licensing or assigning rights to your invention is likely to be a simpler, less expensive route than manufacturing and selling it. Licensing or assigning your invention is often preferable for inventors who want to make money, but care primarily about innovating and spending time in the office or lab.

What percentage do inventors get?

The average royalty for licensing an invention is 3 to 6 percent of the product's wholesale price, which is the price the company charges the consumer. If you have a profitable product and choose the right manufacturer, a licensing agreement can be a great way to make money from your invention.