Five Steps to Creating and Licensing an Invention

Do you have a great idea and/or prototype that you believe could be thing that propels your business to the Fortune 500? A fresh invention – whether it be physical or web-based – is a great reason to launch a startup. However, you might not understand the complicated process of legally protecting your invention. Startup Nation has a great tutorial on the entire process. While I recommend reading the tutorial yourself, here are its five main points.

1. Idea Conception
2. Basic Invention Market Research
3. Prototype Design and Development
4. Protecting the Invention
5. Licensing and Going to Market