If you have an idea for an invention, there are many ways to go about developing it. There are InventHelp programs, Makerspaces, Market research, and Investors. However, before you begin, you should understand how to get an idea off the ground. You should also understand what kind of audience your invention is aimed at. If your invention is something that will benefit people in a big way, you have a good chance of making it a hit.

InventHelp

If you're a new inventor, you need support and guidance. Getting feedback from industry experts can boost your confidence and improve your chances of success. It can also make your journey smoother and more rewarding. InventHelp offers this support. This service helps you develop your ideas and take them to the next level.

InventHelp specializes in helping inventors turn their ideas into commercial products. They can refer you to a patent attorney and help you market your inventions to companies. They can also help you find a graphic designer, attend trade shows, create press releases, and more.

Makerspaces

Makerspaces are an increasingly popular way for people to make things. These facilities combine high-tech tools with do-it-yourself spirit. One makerspace in Los Alamos, New Mexico, is funded by Los Alamos National Security LLC and mixes high and low-tech materials. In the makerspace, Ulibarri developed her own parachutes for her master's thesis. Growing up, Ulibarri was a tinkerer and a hacker.

Using makerspaces as a resource for idea for invention creation has spurred the growth of many other industries. In 2014 alone, crowdfunding sites funded $5 billion in projects and the 3D printing industry is predicted to be worth $8 billion by 2020.

Market research

When developing an invention idea, it is important to perform market research to determine whether there is a market for your idea. It can also help you determine what price and feature range would be best for your invention. In addition to conducting research on existing products, you can also try to create a prototype of your idea using experts in the field.

While this step may seem tedious and time-consuming, it is crucial for the success of your idea. It involves comparing existing products in the market, conducting competitor studies, and completing surveys. Be sure to target your questionnaire to the audience of your product, and take into account manufacturing costs and other important factors.

Investors

When it comes to finding investors for an new invention ideas , your first stop should be your friends and family. They are likely to be interested in your product or idea and may invest in it for a variety of reasons. For example, they may be interested in helping you patent your idea, or in creating initial brochures and models for your product. You can also find investors for an invention idea in invention clubs. In either case, you should provide any information that helps investors envision your product.

A strong product offer can attract investors. You should be confident in your abilities as an inventor. Moreover, it is essential to have a solid business plan. The business plan must show how the investors can benefit from your invention.

Keeping a journal of invention ideas

Keeping a journal of your invention ideas is an excellent way to record and document your ideas. The idea journal should contain ruled pages for writing or blank pages for drawings. It should be made of high-quality paper that lies flat when opened. Its pages must also be numbered, so you can easily spot a missing page. The first page of your journal should have the name of your invention project, your name, and the date.

Keeping a journal is an ideal way to capture your ideas and make them easy to access, review, and edit. A journal consists of a blank bordered page for drawing or sketching an idea, and an opposing page for writing or describing the idea. It was the traditional method used by inventors before the "first-to-file" rule became effective in 2013.

Getting a patent

Getting a patent for your invention idea may sound like an easy process, but in fact, it can be very expensive. Depending on the complexity of your invention, you may have to spend anywhere from $10,000 to $25,000 in order to successfully file your patent. You will also have to create a working prototype of your invention before filing for a patent.

How to Develop an Idea For an Invention