The first step is to thoroughly research and validate your idea. Make sure it doesn’t already exist, check for patents, and determine if there's a real demand for your invention in the market.
Not necessarily. Many inventors create a basic prototype first to test the concept. However, if you’re concerned about your idea being copied, you might want to file a provisional patent application early in the process.
Funding can come from various sources, including personal savings, crowdfunding platforms, angel investors, small business loans, or partnerships. It’s important to have a clear business plan to attract financial backing.
If you’re new to the invention process, a company like InventHelp can provide guidance, resources, and professional services that simplify your journey. While not a guarantee of success, it can help you navigate unfamiliar territory with more confidence.
Yes, this is called licensing. You can license your invention idea to a company in exchange for royalties or a lump sum payment. This option allows you to profit from your idea without managing production or distribution.