The first step in developing ideas for an invention is to define the parameters. These parameters can be a product concept, a project plan, or a business case. The next step is to evaluate the idea critically from various perspectives. This helps to identify obvious assumptions and problems. Afterwards, the inventor must decide which parameters to refine.

InventHelp

If you have an idea for an invention, you can get help from InventHelp to bring it to life. They can connect you with a patent attorney, help you develop your product, and market it. InventHelp also has local offices across the U.S., where you can pitch your product to potential retailers and gain a licensing deal.

Coastal Pet Products

The Coastal Pet Products company originated in the basement of an Ohio pet store in 1968 and moved into a separate facility in 1974. In its early days, the company had 10 employees and 50 products. Now, it has more than 400 employees and sends out 7,500 SKUs a month. The company was founded by Jim Stout, who used his engineering background to introduce nylon webbing for leashes. He also invent idea the curved buckle on leashes and plastic side-release buckles.

Philip Morris International

Philip Morris International, the leading international tobacco company, is seeking new ideas for inventions. With over 73500 employees, 38 production facilities, and sales in more than 180 countries, PMI is a major global force. With a strong sense of social responsibility, the company has a number of goals, including creating a smoke-free future and making its products less harmful.

C.R. Bard

The patents in this case concern subcutaneous vascular access ports. While previous methods of access ports used low pressure and low flow rates, some of the technologies now being used in surgery require high pressure and high flow rates. As a result, conventional vascular access ports may break when they are used to administer power injections. For this reason, the FDA issued a warning to medical providers in 2005.

InventHelp conventions

One of the best ways to sell your invention is to attend an InventHelp convention. These events feature inventors showcasing their products to Fortune 100 and 500 companies. Inventions are showcased in booths and on large screens.

Market research

To determine if your product idea for invention will be a success, do some market research. This research includes gathering information from other companies, checking out the prices of similar products, and asking the target audience questions about the market. This will help you determine what your product should cost and what kind of features it should have.

Patenting

If you have an idea for a product or a service, patenting it can help you protect your idea from competitors. But before you go ahead and file for a patent, you should understand what it entails. An idea can be patented only if it has a practical application. Natural phenomena and abstract ideas are not patented.

Target market

If you are looking to sell your invention, knowing who your target market is can make all the difference. Knowing your audience can help you determine how to price your product and which features they will find appealing. It will also help you design your product accordingly.