As a long-time inventor & tinkerer, I use the following procedure to get an idea to market. First, write a DD (Document of Disclosure) for $10, follow that (within 2 years) with a PPA (Provisional Patent Application) for $100. Then you have one year to peddle your idea, with NDA (Non-Disclosure Agreements) and your "patent applied for" number for protection from being ripped off. Ideally, you can sell your idea to a big American company (with a team of lawyers to protect the idea) until it's manufactured and on the market.
Having a product on the market is the best protection, far better than a patent. This works for me.
Bill Jacobs
Olney, MD
1/28/10
12:01 PM
I have a good 5 or 6 marketable ideas for products but no way to produce them and no intention of risking capital without an enforceable patent. I'm not risking capital on the patent either because it's a very expensive process.
A government program of profit-sharing that defrays the cost of acquiring a patent might be a terrific spur to job growth.
If patents cost 300 dollars instead of 10,000 in legal costs, you'd end up with an avalanche of ideas, the proceeds of which would pay the extra costs the government would be paying. A limit of these discounted patents could be imposed so each citizen could attempt to patent an idea once every three years. (or other time interval)
Until it becomes affordable, my 5 ideas stay on the shelf in my mind, employing NOBODY. The risks are too high, the rewards, too uncertain.
Dale B. Halling
Colorado Springs, Colorado
1/25/10
6:01 PM
Since 2000 we have passed a number of laws and regulations that are killing innovation in the US. The incredible innovation of the 90s was based on technology start-up companies built on intellectual capital, financial capital, and human capital. All three of the pillars have been under attack since 2000. Our patent laws have been weakened reducing the value of intellectual capital. Sarbanes Oxley has made it impossible to go public reducing financial capital for start-ups and the FASB rules on stock options have made it harder to attract human capital to start-ups.
As a long-time inventor & tinkerer, I use the following procedure to get an idea to market. First, write a DD (Document of Disclosure) for $10, follow that (within 2 years) with a PPA (Provisional Patent Application) for $100. Then you have one year to peddle your idea, with NDA (Non-Disclosure Agreements) and your "patent applied for" number for protection from being ripped off. Ideally, you can sell your idea to a big American company (with a team of lawyers to protect the idea) until it's manufactured and on the market.
Having a product on the market is the best protection, far better than a patent. This works for me.
I have a good 5 or 6 marketable ideas for products but no way to produce them and no intention of risking capital without an enforceable patent. I'm not risking capital on the patent either because it's a very expensive process.
A government program of profit-sharing that defrays the cost of acquiring a patent might be a terrific spur to job growth.
If patents cost 300 dollars instead of 10,000 in legal costs, you'd end up with an avalanche of ideas, the proceeds of which would pay the extra costs the government would be paying. A limit of these discounted patents could be imposed so each citizen could attempt to patent an idea once every three years. (or other time interval)
Until it becomes affordable, my 5 ideas stay on the shelf in my mind, employing NOBODY. The risks are too high, the rewards, too uncertain.
Since 2000 we have passed a number of laws and regulations that are killing innovation in the US. The incredible innovation of the 90s was based on technology start-up companies built on intellectual capital, financial capital, and human capital. All three of the pillars have been under attack since 2000. Our patent laws have been weakened reducing the value of intellectual capital. Sarbanes Oxley has made it impossible to go public reducing financial capital for start-ups and the FASB rules on stock options have made it harder to attract human capital to start-ups.
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