Got a "Million Dollar" Idea?

Yeah...
Lend money at 15%
Borrow it at 0.3%
Works for the banks, and even if it doesn't some poor saps will still bail you out.
Del

No good if they don't pay you back.... Ya gotta' pay those bailouts back,,,with interest...

Not necessarily.....

Del & I are in the UK. Here the government will bail you out, split up the bad toxic bits from the good profitable bits, very generously give away the bad bits (to the taxpayers), and sell the good bits back to you a fraction of their real value.

Very insightful article written by an inventor himself who had experienced the journey of idea, patent, product & market.

Whereas corporates can afford for the huge money for patent, the poor financial resources of the solo inventors is always the money barrier.

With the huge international patenting costs involved, the strain on inventors is too high to manage finance for patenting, as well capacity building to bring out a commercially viable product or service.

Typically for solo inventors, unless one makes cautious movements, success is too hard to taste.

The story of Edison who had filed almost 1300 patents sounds unbelievable, but he had made his inventions come true to benefit mankind for ever.

So, it all means that invention alone is not sufficient but the innovation part of successfully bringing the invention to reality & the sustenance, patience involved in the development path is more worthy.

Realistic perceptions without any bias & love to one's own invention should save inventors from day dreams / frustrations.

New things are always challenged in initial stages, but once proven & people realize the value & benefit, rest of the things are taken care.

Every invention is unique by it's nature & specific case studies and approach are inevitable.

Worthy article & useful tips. Thanks for the nice post.

An inventor sailing on the same boat.

S.Udhayamarthandan

Well said Del. GA

Remember the golden rules - they who have the gold rules!

This means if you have an invention, do not mess about - sell sell sell.

Patents, copyright, legalities, all money lost needlessly. (imo)

I would lodge an initial copyright document / patent for a nominal fee. (proof)

and then, everything will depend on how much money you secure, because...

Remember the golden rules - they who have the gold rules!

If you sell well, you will have the capital to defend it, if it doesn't sell...... end.

jt.

Life is a bowl of cherries, but they have to be in season.

(made that one up myself - ok, it shows)

to go it alone here is what i have been through

Well after 5 years and countless boxes of kraft dinner (no name) you may see the light at the end of the tunnel. you test then retest then have your results tested and then told its wrong ! then go and get manufactures to make parts chances are after the first 50 or 60 grand you will find out who not to use. you will also need to morgage the crap outa everything you own. you will not dubt get a new wife or 2 as they will tell you to get a job. as well if that is not all the flamming from the crowd here ! going to events for the industry are wild people point and stare.

all i can say drink beer grow a spine and tell people that laugh at you to go away

we are going to licence a charging patent for lithium and i may own my house again have eat regular Kraft dinner