HOW MUCH DOES IT COST TO PATENT AN IDEA?
Patent an idea. Basic concepts that you should know before making your invention.
Before thinking about patenting an idea or the legal protection of your invention, it is very important that you understand the knowledge transfer process, that is, the steps to follow from when you have an idea until it becomes a product and subsequently a profitable business.
Before getting into the subject, we share 4 concepts that you must master before patenting an idea:
Background studies: The background study of inventions is one of the most important processes when patent an idea. This is an analysis of the “innovation claims” that have been previously registered, both nationally and internationally. It is very important because by studying the background of an invention, we can identify the level of novelty that we believe we are bringing to the market as well as the innovation opportunities that we could develop in our future product.
Innovation claims: The “innovation claims” are those different and innovative features that turn your product into an innovative solution. These demands for innovation, without a doubt, constitute the hard core or key elements of a patent or Utility Model .
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Conceptual prototypes: As conceptual prototype , we can understand any useful piece, medium or object to show potential clients our intention to innovate. The conceptual prototypes are useful to obtain information about the possible behavior of future clients or buyers of the patents, regarding our ideas.
Functional prototypes: The functional prototypes s are very similar versions to the final products. Taking as reference the information resulting from the background studies of the inventions, as well as the information obtained from the conceptual prototypes , the functional prototype is manufactured. The functional prototypes allow the technical viability of the product to be validated, define new innovation claims, obtain references on the product industrialization processes and take the first steps towards selling the invention or the patent itself that can be registered.
Let's take as reference the following example, based on real cases.
A couple of weeks ago, we received a group of inventors who were very happy to have obtained a Utility Model title, with which they considered protected a machine that intended to substantially change a very important process in the agricultural sector. The innovation claims listed in the Utility Model, as well as the report in general, told the product idea that the inventors considered novel.
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Fortunately, for them and for us :), they decided to make their invention in our prototype manufacturing laboratory. The first meetings were hard and bittersweet. It took our engineering team very little time to achieve the same functionalities that were described in the Utility Model, but with more advanced and efficient technology. These solutions radically changed the concepts defined in the Utility Model, so there was a decision to make:
Get an innovative product that responds to the needs of the market efficiently, or manufacture a prototype that strictly complies with what was described in the Utility Model?
What would you do?
Surely an intermediate solution comes to mind. Modify the Utility Model. Unfortunately this is not possible, so the investment and time dedicated to patenting an idea before studying the background and innovation claims, as well as manufacturing the prototypes, have to be, yes or yes, antecedents of a patent or legal protection. .
Fortunately, in the case of our clients, they had enough financing to begin the entire process. We studied the trends of innovation claims that made up similar patents, we tested different alternatives in the prototyping process and currently, the product is being industrialized to form part of the product portfolio of a renowned distributor in the agricultural sector.
If you want to know more details about the concepts shared, or want to discuss with our inventor support team, all you have to do is book your first appointment HERE.
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The time to bring your ideas to life is now. We accompany you throughout the entire process: from idea to product.
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Business Director - Inventors' Advisor at Let´s Prototype
Erick Remedios has been linked to entrepreneurship and the launch of innovative projects and inventions for over a decade. His start in the entrepreneurship sector began as the Project Management Director at the network of Private Investors, Business In Fact, S.A., a club of private investors specialized in high-risk investments, which he ended up managing as General Director for at least 5 years.
As the director of the Private Investors network specialized in innovative projects in the startup phase, Erick Remedios participated in more than 40 investment operations, with his main functions being: advising entrepreneurs and inventors, as well as private investors interested in investing in such projects.
Erick Remedios has been one of the influential figures in the development of the ecosystem of entrepreneurs and private investors in Spain. Since 2012, he has participated in numerous private investment forums, has advised entrepreneurial projects as a member of their Boards of Directors, and has served as a lecturer in numerous Public and private Universities, specialized public centers in entrepreneurship, and internationally leading business schools, such as It Aérea Business School, where he leads the management of the Business Model Design Module for entrepreneurs, mostly Aerospace Engineering graduates.
Specialized Centers in Entrepreneurship and the Launch of Innovative Projects where Erick Remedios has participated:
- Direction of the Program - Sanse Emprende from the City Council of San Sebastián de los Reyes, Madrid.
- Direction of the Espoban Program – Diputación de Córdoba and European Center for Business Innovation. Training of entrepreneurs and inventors and preparing them to attract capital through private investors.
- Speaker on the subject of launching innovative projects at Universities such as: Pablo Olavide, University of Seville, University of Málaga, University of Cádiz, University of Huelva, University of Almería, University of Jaen, University of Granada.
- Direction of the Entrepreneurship Module – IT Aérea Business School.
- ENyD Business School: Professor and lecturer in the area of Entrepreneurship and Private Investment.
- Avanza Castellón - Mentor of entrepreneurs and inventors in the program of the Diputación de Castellón.
- Ávila Emprende – Program of the City Council of Ávila. Mentor of entrepreneurs in sales processes and product development.
- Aula UGR- Professor of entrepreneurship and management of launching innovative projects in programs aimed at training teachers from the University of Granada.
- Master Up - Professor of entrepreneurship and investment management in the Official Master's for entrepreneurs from the University of Cadiz.
At the same time, numerous companies have signed Erick Remedios as an advisor and member of their Board of Directors, companies in which Mr. Remedios has also acted as the representative of the private investors who have placed their trust and economic resources, including:
- Tu Fabrica de Eventos
- Baby Radio
- Graffos
- Neurobia Research
- HitsBook
- Bit Credit
- Glelemo
Currently, Mr. Remedios is leading the international expansion of Let´s Prototype in the United States, while also advising inventors on startup processes for projects related to innovative Hardware or Software elements, both in terms of product design, a specialty of Let´s Prototype, and in terms of designing strategies for selling inventions and patents.
Interviews with Mr. Remedios and publications authored by him in Media:
- School of Business and Management: [Link](https://www.youtube.com/watch?v=ch3nRTFvxhw)
- Diputación de Córdoba. Training for Investors: [Link](https://www.youtube.com/watch?v=Cj2fvxkD-zI)
- Spanish Television - Program Emprende: [Link](https://www.youtube.com/watch?v=vZRi98CE20M)
- TV2 - Spanish Television: [Link](https://www.youtube.com/watch?v=ms22bxyllKc)
- University of Cadiz: Article for Inventors: [Link](https://emprendedores.uca.es/lean-prototyping-el-puente-entre-el-concepto-el-prototipo-y-las-patentes/)
- University of Granada: Article for Inventors: [Link](https://ugremprendedora.ugr.es/6-tips-para-convertir-tu-idea-o-concepto-en-prototipo-lean-prototyping/)
Latest posts by Erick Remedios (see all)
- Best 3D printing firms - August 28, 2024
- Most Important Spanish Patents in History | Inventions and Their Inventors. - June 19, 2024
- Create New Products from Amazon Reviews - June 12, 2024
