The key difference between innovation and entrepreneurship is that innovation means introducing something new, which can be an idea, product, model, or service. While on the other hand, creating a great idea for a business opportunity is entrepreneurship, However, even entrepreneurship starts with innovation. As we live in a highly competitive world, our dreams and ideas are what separate us from the rest.
To achieve something, you need to do something above average. In that case, innovation will be necessary for you, and that does not happen overnight. In order to save you time and effort, we have selected the most important information that you should adopt on the way to invention.
How do you get ideas?
The Product Owner knows that building a successful digital product is like building a house, with only one small difference: you actually finish the house at one point – the product, not really. Don’t worry, this doesn’t have to be a nightmare for you. Although you will face many new tasks, there are methods to help you.
The sources of innovation are economic changes, technological changes, new knowledge, new markets, etc. These things lead a person to think about a new product, service, or business process. Innovation helps companies to be strong and competitive in the industry in which they operate. There is no risk involved in innovation.
How long does it take you to make an investment?
This is one of the most popular questions, and the answer is not simple. Many factors affect the final result, but also the time you spend on the project. However, if you have an experienced expert on your team and a product of moderate complexity, all the work should be done in about 3 months. That would be your first prototype and the final one in 6 or 9 months.
The first step is to develop an idea. If you managed to find inspiration, indulge in brainstorming. If you want to come up with great ideas, you have to pose a problem and try to solve it. It is important that you write down your thoughts all the time because they are very important in the whole process. For example, write down what it consists of, how it should work, and how it will be marketed. There are several rules for brainstorming.
Focus on greater quantity, because the more ideas you generate, the greater the chances of solving the problem. Try to refrain from criticism at this stage, save it for later stages. Here it is important to come up with as many ideas as possible because with criticism you only achieve the opposite effect. You will prevent the arrival of creative ideas, and they often lead to the best solution in the final stage. A great technique is to combine them because that way you will encourage the creation of new ones. Use all available mind-mapping tools. They represent the best possible option for memorization, especially if you are a “visual” type.
Conducting a patent search
There is a place where you can search for existing patents. In this way, you will be sure that there is no copy of your invention, and it is important that the idea is patentable. In addition to a good source, you’ll need detective skills. It is not enough just to google, but also to search libraries, professional books, etc. Although there is a free database of patent documents, it is not easy to research them. There are a lot of criteria, so it’s not easy to get started. You can search by inventor name, patent owner, publication number, etc. It is important to have a good knowledge of technical terminology and to search for keywords. Include as many scientific fields as possible such as physics, civil engineering, etc.
It’s also important to do more searches. First a thorough search is done before you start your research, then it should be done again during your research. However, if you find something similar to your idea, that doesn’t have to be the end. All you need to do is check if the problem is already solved. So, check if anything can prevent you from protecting your invention. Maybe then you get an idea of perfecting the innovation and find results that will benefit you but more on that at https://trendingnewsbuzz.com/inventhelp-reviews-helping-you-choose-the-right-provider-as-a-new-inventor/
When is it time to end your search?
It is up to you to judge when to stop researching. You need to find enough evidence to further develop the idea, and if you don’t have enough time for this, leave the work to experts. Hire professionals to do the searching for you.
The next stage is the filing of a patent for the invention. This includes hiring consultants, but also paying for marketing and production. If you want to save money, our advice is to apply for a loan or ask for donations from other people. It can be your friends or family, but also other investors.
Patenting an idea
Once you’ve completed the previous steps and realized that your idea is possible, you can move on to building and testing. In this case, work on the drawing and think about the materials you will use for the invention. You may already have material that will be useful for your prototype. Be creative and free, experiment. This means that you should try as many materials as possible to decide on the best one. Create sketches, but also think about the price of the invention.
Marketing of inventions
The last but not the least important step is marketing. After you file your application, your patent is pending. During this time, you must decide whether the rights will be transferred to a third party or whether you will retain them. Determine other important branding issues. You or a company you will hire can be behind it.
Try not to repeat the most common mistakes of innovators. In order not to learn from your mistakes, do not make changes at the last minute. Therefore, when you submit your application, you cannot enter additional elements. It also happens that the innovator does not respond within the prescribed period, but this can lead you to stop the procedure. Then it can be interpreted that you have given up on the application. However, the biggest mistake is that the innovator does not do the search. Although it may seem like a waste of time, it is crucial to your project.