QUESTION

What should I do about securing an idea if I don't have the money?

Asked on Mar 19th, 2013 on Patents - Massachusetts
More details to this question:
I have an idea which is in the medical field. I live on a very fixed income that I barely survive on. Where or how should I go about following through with this idea? From my own research, I have not found this item on the market. So I do think it would be a profitable idea but where to begin is another thing. So what should I do?
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3 ANSWERS

Licensing Attorney serving Portland, OR at Mark S. Hubert PC
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Unfortunately a patent costs money and attorneys don't work for free. Possibly you can get an attorney to do it if you draw up a contract stating some arrangement to pay them later or on a payment plan or even perhaps for an interest in your company. Good Luck!
Answered on Mar 21st, 2013 at 6:35 AM

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Appellate Litigation Attorney serving Boston, MA at Banner & Witcoff, Ltd.
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Unfortunately - patents are VERY expensive - and under the new US Patent Law - filing "first" is of utmost importance. Search the US Patent Office website for similar ideas - www.uspto.gov. If you find one - use that as a template to prepare your own Patent Application. You can then file, perhaps as a "micro-entity" to save on patent office fees. Check with a local Law School to see if they have an inventor assistance clinic.
Answered on Mar 20th, 2013 at 11:06 PM

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Acquisitions Attorney serving Lincoln, NE at Jayne L. Sebby
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Go to your public library and look for books and other materials on patents, trademarks, trade secrets, and/or copyright. Those will give you and idea of how to protect your idea and how to bring your idea to market. There may also be free or reduced-price entrepreneurial classes or advisory bodies at your local community or state college. Also check out groups like SCORE who provide business advice to start-up companies. And the web is a great place to do basic research, with the caveat that not everything you see will be true or accurate.
Answered on Mar 20th, 2013 at 11:06 PM

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