Invention is a set of ideas and thoughts that facilitate the way people perform their daily tasks. The inventor can be a business or an individual who has a goal behind the invention. It takes a lot of money to bring the world’s most efficient invention to the aid of investors who are interested in financing R&D operations.
The process of the invention is very broad. There is no specific time when the invention is converted into useful products. This can take 5, 10 years or even longer. The R&D department performs a series of operations one after the other – describes the business vision, creates strategies, describes the R&D processes, identifies resources and drafts. R&D teams comprehensively study all areas of the invention, collecting different ideas that are then combined to build products and services. Thus, research into the development of the invention encompasses a wide range of processes, which require thousands or millions of dollars.
Patenting the invention
The invention has been patented to prevent others from stealing it. An inventor can restrict individuals and companies from using his invention to make or sell products during their lifetime. When applying for a patent, the inventor must mention a number of claims, which he should carefully choose. Therefore, it is recommended to be familiar with market trends, new technologies, applications, etc. at the time of conducting R&D operations, which will help in the acquisition of large claims.
An invention can only be patented if it does not contain any part of the previously patented technology and does not meet certain standards of uniqueness. To find out if your invention is already known or not, previous art search is being implemented. An innovator can search the art beforehand or hire a specialist for this purpose.
What is a previous art search?
Prior art search can be defined as gathering information about the technologies associated with the invention. Its main purpose is to know whether an invention is patented or not. Sources of prior art search include prior patents, patent applications, scientific reports, research papers, textbooks, newspapers, journals and online publications. There are many inventions that are never used in products and services, and should be considered during the patent application process. A wide range of tools are available on the Internet to help you search your artwork effectively.
Prior art search can provide details of previous inventions in the field, new products and services, etc. Prevents reinventing existing inventions. In doing so, the R&D department can identify existing technologies and focus on activities, processes and tasks to innovate them or explore new ones.
Know the market well before doing a previous art search
The main object of the invention is to patent the broadest possible claims. Prior art search gathers existing knowledge in the fields of the invention. But that is not enough. You should know the market and companies that are already working on the technologies on which the invention is based, which will help in selecting the right R&D areas.
Patent filing is a broad process, and a little misstep can turn into a big mistake. Therefore, from planning to execution, each step should be determined wisely. Before embarking on a previous search for art, it is important to know in which market this invention can revolutionize, current market trends to focus on, competitors’ activities, etc. You can get all these details through market research. It is therefore recommended that market research be conducted first in order to identify the technologies in place in the market.
Why market research?
Market research can help in the proper use of all elements of the invention. Provides a comprehensive analysis of the various markets associated with the invention, patent environment and existing and future products. Thus, market research can add value to R&D operations, making them more advanced.
There are many reasons why an inventor should consider market research before embarking on R&D and previous searches. Check them out –
Detailed Market Information:
Not only do market research reports provide information on the various markets belonging to the field of invention, but they also talk about the major active markets. Suppose the invention can be used in the production of products in 10 different industries, 7 of which are in the growth phase. Therefore, you need to spend more time and money to earn patents in these 7 industries to get maximum return on investment. So, market research reports can suggest the right industry to continue researching and building products.
In order to emerge as a market leader, you need to know the activities of competitors. With a market research report, an inventor can gain an in-depth understanding of their competitors, the technologies they work on, and existing and upcoming products and services. Therefore, the R&D department can extend its research to areas not touched by competitors.
Assists in patent development:
A patent author is a person who can help you get a patent with great demands. With a broad knowledge of market trends, active industries and customer needs, he can write the broadest patent claim possible. Therefore, using a market research report, your patent preparer can prepare a clear, accurate patent application and obtain a patent, which will have great market value, and you can make a lot of money out of it.
Market research reports provide information on top companies using similar technologies as the invention. This makes it easy to know how advanced the invention is, what technologies can be innovated, and how to plan R&D processes. After obtaining a patent with significant claims, the inventor can contact top business partnership or licensing companies.