What to do FIRST With Your Invention Idea

So you have an invention idea, but where do you start? This video explains the right steps to take to develop and protect your invention idea while minimizing cost and risk. For example, filing a patent application too early is just as bad as filing too late. Also discussed is how to properly develop your invention idea to make it attractive to investors, licensees or buyers and also how to draft an invention disclosure that discusses the invention in detail and that can be converted into a provisional patent application.

A special thanks to Patsnap (‪@PatsnapWest‬) for sponsoring this video and letting me share Patsnap Eureka, their AI-powered tool. If you're interested in using AI for invention, R&D, or patents, you can try Patsnap Eureka for free at Eureka.Patsnap.com.

Additional Patent Resources:
My best-selling book, Patents Demystified: https://amzn.to/2MX5le9
The top book on licensing your idea or invention: https://amzn.to/3tDLSib (One Simple Idea by Stephen Key)
When to file a patent application: https://www.dwt.com/blogs/startup-law...
Is software patentable: https://www.dwt.com/blogs/startup-law...
My appearance on CNBC’s “The Profit” with Marcus Lemonis: https://www.cnbc.com/video/2019/11/08...

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**** DISCLAIMER: Information in this video is not legal advice and should not be relied on as such. The law can change and the information in this video may be outdated, so you should always consult an attorney regarding your specific issues in view of the current state of the law. *****

00:00 Intro - Where To Start With Invention Ideas
00:25 Basics of The Patent Process
02:24 Delay Filing To Develop The Invention Idea
03:12 The Best Time To File A Patent Application
04:33 Making Your Invention Attractive to Investors
05:42 Become an Expert In the Field/Business
06:22 PatSnap Eureka
07:58 Public Disclosures, Public Uses & Offers For Sale
09:00 How To Prepare A Provisional Patent Application
12:09 Drafting An Invention Disclosure
15:39 Invention Disclosure Using PatSnap Eureka
17:10 Outro