Welcome to 2023! It’s a New Year full of opportunity and that often results in many of us looking to make something of that great idea we have been thinking about. At this time of year we always receive an increase in enquiries from Private Inventors. The ‘new year, new start’ mentality often spurs people on but it is easy to be swept up in the excitement and to count those chickens before they hatch so it might be interesting to share the way we approach these enquiries.
We work on the premise that every idea is a good idea until we learn otherwise. We know that most private inventors are unfamiliar with the process of turning an idea in to a product and we support them in an honest and fair way to manage their expectations and set out the journey they need to undertake along with the risks for their hard-earned money. Success is never guaranteed but the chances of success are higher if you understand the snakes and ladders of the ‘game’. With over a thousand products designed and millions of products successfully manufactured we have played and won the ‘game’ a few times now!
Here are 4 ways in which working with us can help:
- Feasibility Studies & Risk Assessments
It is a really good idea to determine if your idea is do-able. A risk assessment allows you to demonstrate that you have fulfilled your obligation to sell a safe product. A feasibility study can help you define your product design specification and identify commercial factors that are key to every product such as standards and conformity.
- Protecting your idea
Any initial discussions about your idea must be protected with Non-Disclosure Agreements (NDA). Crucially your ideas and claims should be protected as Intellectual Property (IP). We have excellent links with trusted and experienced IP Attorneys in several specialisms who work with us to advise you and to help you establish the IP landscape around your claims before securing the right protection.
- Developing a Prototype
Prototypes are an intrinsic part of the development process. They enable testing of the design, market activity and consumer feedback before you make big financial commitments. We have experience of a huge range of prototyping techniques, many of which can be offered through our own in-house workshop, helping to manage your costs and protect IP.
Whatever your budgets we will work very closely with you and the manufacturing partners to determine the optimum manufacturing solutions to deliver your project.
Contact us today and start your new year, new idea journey!