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[dtpater]

I found this link in searching the internet, very interesting and true comments below from the link!


it is possible to invent something and get rich.  But it's not very likely and there are far better and easier ways to approach the matter than inventing and patenting a new product.  Fewer than 2% of U.S. patents relate to profitable manufactured products -- an enormous waste of human talent and energy.  I certainly wasted a lot of my time on it.

The fact is that the solution of problems, that is, the invention and creation of new products, is usually much easier than finding and identifying a good solid real problem in the first place.  Many of us are marvelous problem solvers -- we're taught it in school and, with practice, become superb at solving particular kinds of problems.

Inventors, too often, may be creating inventions for which there is no market.  When someone mentions a potential problem or we imagine one, our minds race to solve it and we quickly have an invention.


http://www.tenonline.org/art/9010.html

[OMG IP]

I have a client that exemplifies an example of this dicotomy...

they are kids that won a young inventor showcase for thier "invention".  As an award, I did some pro bono work to file an application for their invention.  Any issued patent likely has very little economic value (although who am I to say), but that does not mean there isn't value.  For example, upon graduating, they will have a resume blurb for thier college application: inventor, patent owner, etc.  Can't place a monetary value on a sense of accomplishment.

[dtpater]

This is the hardest part of this industry, trying to make sure Inventors know the risks and understand what they are about to undertake, for Patent attorneys knowing only a small percentage of their clients will be successful must be difficult for them and making sure all of the patents are applied to the best of their skills, I take my hat of to you guys.

Derek Pater
realinventions@optusnet.com.au