Do you have a new invention? Do you think it will get to market? Maybe make you millions, so you can retire on a beach and sip cocktails? Well, maybe this article is for you.

We all have those good ideas spark through our brains at least once in our life time: for inventors and innovators, it happens a lot. But what you do with these ideas depends on a number of things: Energy, Time and Money.

Do you have the energy to invest in the invention and start working on the initial concept? This will often take you on a roller coaster of emotions as you think you have a great idea but then find something else that is similar, so you change it and again you find something else, then your friends laugh at your idea and so it goes. Your mental and emotional energy needs to be prepared for the long haul here. Be ready to spend many hours online and getting your emotional butt kicked.

Time is money and money buys you time. Both will be a big issue as you work on your new invention. Do not think that this will be a short time to wealth. It will take months, if not years to get to market. You will need to do a bunch of research, design, prototyping and many different iterations of your idea until it works.

Then you will have to face the daunting task of IP: securing your Intellectual Property with PPA, PCT, Designs, and Trademarks that all come with costs and more time, and more costs.

Typically we see a physical product development from initial concept to final prototype in 9 months with a cost of around R50k. (This is an average and can change depending on the complexity of your product) At this stage, you should be ready to chat to people for a deal to go to market.

So pitch ready, prototype in hand you can chat to a big firm to get your idea into production and ready for distribution. You will need this to assist in the future IP costs, molds and logistics that still need to be done. A typical joint-venture goes to the inventor 10%-90% and if you are lucky enough a little more up to 20%. But if this product is good and it sells this should be enough to make you some money and pay for your kid’s schooling or your retirement plans.

Scary enough for you: Do not fear we are here to assist with all this and take your idea through this quagmire or complexity. We do not promise a smooth road but will keep you on the road and encourage, educate and support you emotionally along the way.

Join us on our monthly inventor’s get-together or call us direct for a chat about your new idea that will change the world.