Posts Tagged: "proof of function"

Keep Your Money In Your Wallet Until Proof of Concept

most successful inventors and product development companies that I know, start off with a Proof of Concept Analysis BEFORE they start spending money. So if they do it, why not you? A full Proof of Concept Analysis consists of three equally important parts: Business Analysis, Ownership Analysis and Product Analysis. These steps should be developed simultaneously or at least completed before moving on to development or you WILL certainly regret it later. So after you savor that wonderful “Moment of Discovery” and you have finished daydreaming about striking it rich, you really do need to move forward to take a cold hard honest look at your new product. At this point you don’t have to go into excruciating detail, just a quick overview to make sure it is worth pursuing. The questions generated will form the basis of your development process.

The Business Responsible Approach to Inventing

I continually preach to inventors the need to follow what I call a “business responsible” approach, which is really just my way of counseling inventors to remember that the goal is to not only invent but to hopefully make some money. Truthfully, the goal is to make more money than what has been invested, which is how the United States Congress defined “success” in the American Inventors Protection Act of 1999. Odds of being successful with one of your inventions increase dramatically if you engage in some simple steps to ensure you are not investing time and money on an invention that has little promise.

Keep Your Money In Your Wallet Until Proof of Concept

After you savor that wonderful “Moment of Discovery” and you have finished daydreaming about striking it rich, you really do need to move forward to take a cold hard honest look at your new product. At this point you don’t have to go into excruciating detail, just a quick overview to make sure it is worth pursuing. The questions generated will form the basis of your development process. A full Proof of Concept Analysis consists of three equally important parts: Business Analysis, Ownership Analysis and Product Analysis. Let’s take a look at each part individually.

Bringing Inventions to Life: The Magic of 3D Modeling

Another benefit provided by these drawings is that the image of the modeled parts or assembly is photo realistic and so it can be used in sales and market research literature before you have committed to manufacturing the parts. You can create catalog sheets and marketing literature. You can even use these drawings to share with your patent attorney or patent agent, who will likely find them extremely helpful when trying to figure out how your invention fits together and operates. In some cases you might even be able to use these drawings in a patent application, particularly a provisional patent application.