How does product development sound like when it comes to new inventions?
The companies working as product developers take up the task of protection of new ideas coming up in the companies. Briefly, after a thorough research of the line of products, the professional product developers suggest new designs and developmental strategies which not only ensure security of the idea as well as improvisation and implementation. One of the prime steps is patenting the invention.
Does patenting help? Well, yes. Patenting stops the chances of competitors copying the patented invention of a certain company. After all, the dream of each venture is to be the topmost player of the market. This aids in joining partners to the business as it proves the worth of the venture.
What is invention prototype related to the field of product development?
The idea of invention prototype comes from the need to keep the newly invented business idea to be secure. The basic steps involved are:
- Conversion of a new idea into patent.
- Patent protection.
- Progress with the patented idea.
Conversion into patents is an uphill task indeed. But, thanks to the legal teams associated with each product development service agencies, this work gets easier after an in-depth research based on the new idea. For a business to grow, one cannot be stagnant in his ideas. Continuous growth requires protection of ideas from competitors as well. The challenges for the new ventures from the established ones and vice versa arenever ending processes as it becomes an integral part of revolution. Hence, once the patent is made it needs the right kind of protection. This mainly includes getting the trademark and the copyrightof the product. Patents can be of two type: design patents and utility patents. Design patents are valid for 14 years from the date of issue.
Utility patents can be provisional or non-provisional. Non-provisional utility patent includes the detailed description of a product. This includes all the vital components of the product as well as their applications. Although, it is more costly, non- provisional can be filed right from the beginning. Provisional utility patent is cheaper and gives an immediate patent pending status. It also allows a non-provisional to be filed in an year following the date of issue.
This is the work of legal team associated with the product development company. This does not mean that patent is unavoidable.But, investors go for product presentations where this patenting stands highly crucial.Prototypes are the three dimensional version of the dream. Prototyping enables a venture, whether established or a start up, to keep their invention at the first place.
Prototype depends again on the budget and the goals. The companies which are already into product development are well versed with the ideas and strategies that should be put into use. These services help to take the creativity to next level after a great deal of market research. The team responsible for product development services is well equipped with the emerging technologies and combine them into transforming the invention into a secured, tangible line of products. This helps in reducing the losses incurred to the company.