Inventing an idea
Inventing an idea isn't the challenge
At one point or another, most people have had what they consider to be a great idea for a new product. Unfortunately inventing an idea that is new and innovative is actually the easy part. As we discussed in our previous blog, there are a few steps to determine if, in fact, your idea is viable. Once you have completed your research and determined that your idea for a product is unique, you then need to start the development of at least a rough prototype. And, as we mentioned last month, you then need to determine if a patent is right for your idea and if so, when to begin that process. Most times, all of this work is completed before you even know if your idea will be well received by companies who may want to license it, or if consumers will purchase your product. the good news is, you don’t have to go at it alone!
Working with an invention submission agency
Inventing an idea and making it a viable product can be a daunting process if you choose to go at it alone. Much of your time will be spent educating yourself on the next step to take, often with a lot of trial and error involved. Money, time, and other resources can be wasted or used inefficiently, making it harder to get your idea ready to point of pitching it to a company or investor. If you do make it that far, the added stress of not knowing if your idea is developed enough to pitch can be stressful as you may only get one opportunity. Working with a reputable invention submission agency can take away a lot of this pressure and potentially wasted resources.
Choosing an invention submission agency
If the thought of having an experienced partner help you save time and money with inventing your idea, working with an invention submission agency is likely a good choice for you. However, as is true with any business partnership, it is important to choose wisely. A quick internet search will reveal there are a countless number of invention submission agencies all trying to get you to choose them. Here are a few things to consider when researching your options:
- Is the company reputable? With all of these options out there, it’s important to complete your own research about your potential partnership. Explore their website and social media pages looking for specifics about results they have achieved in the past.
- Is there substance to their messaging? Making sure your beliefs line up with a company you are interested in working with is important. Is the company just trying to capture your information with a one-page website and form, or are they offering useful information to help you on your journey? Messaging a company uses can reveal a lot about what it would be like to work with them.
- Do they add value? When making your decision, make sure to ask yourself if you believe the invention submission agency will add value to your project. If that is unclear after reading their material or speaking with their team, the relationship is likely not in your best interest.
- What fees are involved? We do not recommend working with an organization that charges you upfront fees to work with you. If an invention submission agency really believes in your idea and believe they can help you sell it, arrange for a contingency-based deal.
How trident helps inventors Inventing an Idea
At Trident, we are focused on helping inventors license their great ideas. We have over two decades of experience and a proven track record of amazing products we’ve helped license to major brands all over the world. If your idea is the right fit, our small, dedicated team works directly with you to get your idea in front of the right people. Even if your idea isn’t fully ready to be pitched, we help guide you through the process with trusted partners.
We work on a contingency basis, meaning we win when our clients win. This way, you know your best interests are always aligned with ours, and you can trust us to help you make the right decisions surrounding your idea and product. We’ll keep you focused and on track while leveraging our established relationships to get your idea licensed.
How to start your relationship with trident
Getting started is easy! All you have to do is submit your idea to our secure inventor’s portal called the ThinkBank™. The ThinkBank allows you to organize all of the information you have about your idea and product in one secure space. Everything you upload is safe and is under your control. Once you complete the submission steps, a licensing expert from Trident will review your submission and let you know if your idea is a good fit or not. We accept all ideas and have worked with many different types of inventions – from kitchen gadgets to advanced nanotechnology. If you’ve got a great idea, we want to help you make it a reality!
Trident Is Your Trusted Resource
Regardless if you decide Trident is the right resource for you or not, it is important to completely research any invention submission agency before you make your final choice. Taking this extra time helps protect you and your idea as well and gives you the best chance to get your product licensed.
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