Inventing new products involves seeing a need and designing the product that will satisfy that need in the marketplace. Once you have designed your invention there are certain steps that you should take to protect your intellectual property. Once you officially own the rights to your idea it is time to build and market the product. You may not have the funding needed to put your invention into the marketplace. A grant will provide the money you need to take your idea from paper to the real world.
Materials You’ll Need
Computer with Internet connection
Draft a detailed description of your invention on the computer. Include this description with your prototype when submitting your invention to the patent office.
Research on the internet to find individuals and corporations that offer grants suitable to your type of invention. Submit proposals to each entity that fits your criteria.
Answer every email and phone correspondence from all individuals and foundations who show an interest in your invention. Keep extra copies of all paperwork available to send immediately via conventional and email upon request. Be friendly and have an answer to every conceivable question concerning your invention and the industry it best represents.
Some inventions may not qualify for grant funding from any individual or foundation. Be patient and keep up correspondence with every contact you make. An active salesman is a successful salesman.
Obtaining a grant for your invention generally means that the grantor becomes your partner and is entitled to a share of the profits from the invention. Always read the fine print on any information involving the grant you are seeking.
United States Patent and Trademark Office: Patents [http://www.uspto.gov/inventors/patents.jsp]
UTPA – OIIP: Inventor Information [http://portal.utpa.edu/utpa_main/daa_home/ra_home/oiip_home/oiip_inv_info]