The Minnesota Inventors Congress seeks to bring all Minnesota-based inventors together. We are all about helping each other out.
Inventors usually perceive themselves as pioneers in their own field. To some extent, that may be true. However, you must understand that you will not be setting out on your own for the sake of pure knowledge and innovation. Rather, prospective inventors need to understand that they have to treat their inventions as they would any new business venture. This is because essentially that is what we do – the very process of inventing is a form of business.
Learning the trade is the first step. Like with any industry, you will need to give yourself a proper education on how the business of invention works. This is crucial because you cannot go around spending money without having a clear understanding of the basic processes.
You will need to pay particular attention to the patenting process. You need to understand how your idea can eventually lead to royalty payments. Basically, you need to know how your ideas can be transformed into a prototype and how that can reach your target market. Memorize the steps by heart, as that will most likely be your bread and butter for the years to come.
Inventors must always have a firm grasp of the things they want to do. That is why it is crucial that once you have a concept in mind, you do your best to take that idea further.
You must understand that just because you thought of something great does not mean that you were the first to do so. That is why research is the first thing you have to do. This is pretty basic. For instance, you can simply look it up online to see if there are any matches. You can also look at those big retail stores to see if they are carrying any products that may seem similar to the one you have in mind. Finally, you have to check with the patent office if there is an existing patent on that particular idea.
If everything checks out, then you can go ahead and develop it further. If not, then do not be discouraged. It just means that your mind was on the right track. That being said, it is just a matter of time before another brilliant idea comes along. So just keep doing what you’re doing.