This is an excellent question. Generally, inventors file Patent Applications either to (1) spearhead a launch, building a team and marketing the product themselves (either with or without the help of investor); or (2) license the Patent(s) to someone already in the industry. And, sometimes in order to license the product, it is useful to demonstrate to a licensee that there is a market for the product. Clearly, if you are not interested in (1) or (2), we would suggest spending your money elsewhere. If you are pursuing option (1), you may need to develop a business plan. You may be able to conserve funds by doing much of the initial marketing online. If you are pursing option (2), you will need to target the key players in the industry so that you can contact them. Patent Counsel can play a key role as a member of your team. International patent protection is something that should be considered, since large companies have global reach. Of course, protecting global patent rights while preserving your resources is critical. I hope that this helps and Good luck!
Answered on Apr 14th, 2015 at 1:39 PM