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I have an Invention ... Now What?
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   idea -> reality?
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new2all
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idea -> reality?
« on: Aug 12th, 2005, 2:53am »
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Hello
 
I have been thinking of an idea and need some help.
 
 
My idea is pretty simple. There are two big corporations (A & cool.gif and I believe if the product (which is an electromechanical device from company A) is allowed to use the features from company B, the final value of the product will be revolutionary.
 
To make this come true, the product from company A will have to undergo some hardware and software enhancements. which I will undertake.
 
Now, this I what I want help on.
 
Since both these corporations are huge, what is a good way to approach these company(s)?
 
1) Should I work on the product from company A, get it patented under my name and show company A or/and B the results..?
 
2) While working on the product do I have to let the company(s) know.?
 
Any help/suggesstion ...
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JimIvey
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Re: idea -> reality?
« Reply #1 on: Aug 12th, 2005, 9:28am »
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on Aug 12th, 2005, 2:53am, new2all wrote:
1) Should I work on the product from company A, get it patented under my name and show company A or/and B the results..?

 
Sure, that's one way.  I think I outlined three basic approaches here:
http://www.isrlaw.com/inventorFAQ.html
 
on Aug 12th, 2005, 2:53am, new2all wrote:
2) While working on the product do I have to let the company(s) know.?

No.
 
Good luck.
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James D. Ivey
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new2all
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Re: idea -> reality?
« Reply #2 on: Aug 12th, 2005, 8:48pm »
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thank you for your reply JimIvey.
 
I read the article and was quite helpful. I have a few more things to ask...
 
as i said the product to be modified is from company A. But you see there are other big corporations which also make similar products. (e.g C , D , E ).  
 
Is it O.K if my final product is from company A, and shown and displayed to company(s) C , D & E ..?
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Richard Tanzer
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Re: idea -> reality?
« Reply #3 on: Aug 13th, 2005, 6:28am »
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Question for new2all:  This product from “A” - do you own it outright?  If you only have a license to use the product – like much software or a rental car – it’s likely that there are restrictions on how you can use or modify the product.
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new2all
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Re: idea -> reality?
« Reply #4 on: Aug 13th, 2005, 9:56am »
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Thank you replying " Richard Tanzer "
 
Yes I do own the product from company "A" .  
 
Its a consumer product which can be purchased from any retail store like WalMart or Target.
 
There is another thing I would like help on.
 
The product to be modified for revision on which I can claim my patent for, requires an extensive set of hardware and software, which I believe I can raise the funds for.
 
BUT
 
IF I am unable to raise the funds or hardware, should I go ahead and apply for the patent WITHOUT a prototype and then approach the company(s) to evaluate my idea on their product.?
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