1. Applause: You are very patent aware and have a good business acumen
2. Throw water: Your idea is likely to have been patented by others, even if you successfully apply There is still a long way to go before patents can be transformed into wealth. After all, the patent monetization rate is less than 10%.
3. Tips:
First of all, you should first understand the market for this technical solution. Please make a preliminary estimate based on the situation. Only when something you have worked hard or come up with on a whim can it have potential market value, it must be recognized by consumers or manufacturers.
Secondly, conduct a patent search to see if anyone else has applied for the same or related technical solutions before. Patent searches cannot eliminate 100% of results, and missed detections will definitely occur, so remember this.
If the patent search result is OK, then you can start preparing to write the application documents
Looking at your question here, you probably don’t know much about patents. It is recommended to use a larger patent agency to conduct patent searches and write application documents. It will cost a little more, but the confidentiality of your technology and the quality of writing patent application documents are relatively guaranteed. This has a decisive effect on how much your patent can be sold for in the future.
From search to patent application, the budget is at least 10,000 to 20,000.
Finally, let’s talk about how to make money. It’s too difficult. There are probably two ways
A: Wait for the patent application to be successful, see which manufacturers are using it, negotiate or litigate for compensation
B: Take the initiative and submit the patent application, you can start looking for manufacturers. Cooperation (the authorization time is relatively long, 3-5 years for inventions and 8-12 months for utility models), you can buy shares at the price of the patent, or you can charge licensing fees.
Good things take a long time, so don’t be afraid of trouble and persevere to the end within the limits of your financial resources and energy. You will definitely do it