We get a lot of people knocking on our doors asking for help to take their ideas to market and make then a truck load of money. Mostly by this time they have already spent a fortune on their new idea and come with cap in hand begging for some advice to get them to the next stage.

Here is some advice we offer them:

Come sooner rather than later: we know where it is that you need to spend money and where you can save a whole bunch. It is what we do.

Know the problem you are trying to solve: you will need to have done a full research assessment into the problem you are trying to solve and into the product you are trying to develop. It is a waste of time just reinventing the wheel that someone else has done before. If we find a similar business or product we cannot help you with the development of yours unless it is unique or very different.

Keep your ideas secret: Once you have made your ideas public, it becomes very difficult to register any form of IP. Anyone you work with or share your ideas with needs to sign and adhere to a Non-Disclosure Agreement. We have an Engagement agreement we sign with all our clients, this covers the NDA, work for hire and IP transfer and our fees. Be very careful who you talk to.

Develop your networks: It is very difficult, if not impossible to develop an idea and get it to market on your own: you will need a good team that adds value to your business and product development cycle.

Be aware of scams: the web is full of getting rich with your invention scams. Never trust anyone who demands fees up front or offers riches in exchange for your idea. In reality, it is a long and often expensive road to your first payment. We will navigate this with you and tell you truthfully if it is not worth perusing or ready to market.

With all this in mind, we recommend that you engage with us as soon as you have that idea, we can advise you on the best way forward and who to talk to from 3D printers, mouldings, IP issues, Business development and saving money.