Over 90% of the world’s patents do not get realized, that’s over 2.7 million patents annually. Those who are close to us may have already heard us almost scream this line. But why? Why don’t patents simply become an active solution and get rewarded for it? Well, it's all about what comes after the patent application, the development stage. Developing a patent is what steers the invention to intersect with the industry, turns into a portfolio, and starts to attract attention.
One way to start developing your patent is by heading to your local inventor’s group, it could be an alliance, like the Philadelphia Inventors Alliance, or an association, like the Inventors Association of Manhattan. Such groups usually are a great resource for inventors, one place to find industry experts, IP lawyers, and manufacturing partners. They might even hold meetings where they feature invention pitches or inventors guidance sessions. They'd also try to help inventors navigate the development process to avoid losing their investment with manufacturers with no record of successfully launching inventions.
Another way would be to pitch builders and marketers to build and license your patent. This is a long the have all odds stacked against it. However, it is still possible that you pitch your invention idea to partners like Invention City, for example, and they’d have it evaluated. If they decide to move forward with your invention, they’ll have it developed and licensed for free. But even free would cost you. It’d cost you a licensing percentage, a lot of pitching to get to the right partnership deal, and an IP lawyer in your corner.
What we have last is definitely not least, the Maker community. The only way that we found to have access to the maker community is by being a maker. Although inventors and makers join the same general scope of creation. Inventors are usually more into creating something totally new to fill in a certain gap in the currently available solutions. Makers on the other hand are passionate about the process of getting products or solutions to perform as they’re supposed to. Novelty is not prioritized as much as it is in the inventor communities. That being said, it’d be a great idea to attempt to partner with or pitch to the Maker community. Slim chances as pitching for ‘Free’ licensing deals. But still on the table nonetheless.
What we’re building at IntegraPitch is a platform for all those in the market to invent, make, market, or partner to bring a tangible solution to life. It’s all about inventions after all. If the inventor believes it will work, and a CAD designer knows how it should be like to work, then it’s easier for a prototype engineer to make it work and all participants become the village it took to prove the invention’s concept. And that village would share the ownership of the Intellectual Property and have it acquired through our platform as well.