Questions and Myths
Questions
- How much will this cost me?
- How do I know you're not going to steal my idea?
- Do I need a patent to work with Davison?
- What can Davison do for me that I can't do myself?
- Can another person and I be inventors of the same product?
- What happens if I see my invention on the market and I haven't pursued it yet?
- What does your company do?
- Are there other companies like Davison?
- Can I tell people about my idea?
- Should I make a prototype of my idea?
Myths
- I heard people can sell their ideas.
- I heard or was told that I should patent my idea first.
- I heard I can pursue an idea with no money with a company.
- I can make a lot of money from my idea. (I can be rich)
- I have the best idea in the world.
- People will beat a path to my door for my invention.
- A lot of inventions make it to market.
- All inventions make money.
1. How much will this cost me?
Every idea is different. There is no initial cost to speak to our staff. Once your idea is documented and confidentiality is established, we will discuss the costs associated with preparing your idea for presentation to corporations for possible licensing.
2. How do I know you're not going to steal my idea?
We are as concerned as you are about your idea, which is why one of the first documents you will receive from us is a confidentiality agreement, which will allow you to record your idea and claim ownership to it. Only once the document is signed by both parties or initialed online we will discuss the idea with you. We consider confidentiality a top priority when working with clients.
3. Do I need a patent to work with Davison?
Davison provides services to inventors at all stages of invention development. So whether you have a patent or not, Davison would be happy to work with you.
4. What can Davison do for me that I can't do myself?
Basically, Davison offers years of experience in presenting new ideas to corporations. Our product development experience has allowed us to uncover and maneuver around certain design obstacles encountered when pursuing the development of a new idea.
5. Can another person and I be inventors of the same product?
While you cannot prevent people from coming up with the same idea, you can act before they do to keep from losing out. Many people complain that someone came up with the idea they had but in reality the person didn't only come up with the idea, they pursued it too.
6. What happens if I see my invention on the market and I haven't pursued it yet?
You can probably say to yourself, "I let another one slip away," but in all seriousness, unless your new idea has features not covered in the product that is on the market, you really don't have anything new to offer the consumer. There is nothing to stop a person from taking an existing successful product and attempting to make it better. This is something you may want to consider if your initial idea is on the market.
7. What does your company do?
Using our years of experience, we work with corporations and independent inventors to prepare and present new product ideas for possible licensing to corporations.
8. Are there other companies like Davison?
There are certain companies that offer partial services in the invention industry, but none that combine all aspects of invention development like Davison's Inventegration® process of preparing and presenting inventions to corporations for possible licensing.
9. Can I tell people about my idea?
We recommend that you do not publicly disclose your invention/idea to anyone (not even a friend or a family member), unless you have confidential documents in place to verify that you are the originator of the invention.
10. Should I make a prototype of my idea?
At the early stages of submitting your idea to our firm, we don't require you to do any more work than necessary. The confidential documents that we provide you with will allow us to discuss your idea.
1. I heard people can sell their ideas.
In most cases, when you try to follow-up on something someone heard or thought, more often than not, the source is unreliable and the information is generally not true. The chances of a person selling an idea as just a thought in their mind is extremely rare or unheard of.
2. I heard or was told that I should patent my idea first.
Unless you're receiving this information from a source that has an experienced track record in taking an idea from the concept stage to market, we would suggest doing some more homework first. The myth that the first thing you should do when you have an idea is get a patent, generally only benefits the people that stand to gain from filing the patent. Patenting should always be considered at the proper time, which is not necessary at the beginning of the idea process.
3. I heard I can pursue an idea with no money with a company.
While the notion does exist that there are ways to pursue an idea with no money with a company, the truth of the matter is that at some point you are allocating time, energy, and even monetary resources towards your idea. If there is such a company that assumes the total cost and liability of pursuing an idea, chances are they may want the rights to owning the idea, which is something you surely would not want to give up.
4. I can make a lot of money from my idea. (I can be rich.)
While history has shown that some inventions have made tremendous amounts of profits, it is important to remember that the success of the invention is specific to the product, the problem it is solving, the industry it is in, and current market conditions. Davison will not project, promise, or guarantee that any submitted ideas will be profitable.
5. I have the best idea in the world.
Please be realistic. You may believe that you have managed to create a new or better way of doing something that has the possibility of affecting the lives of many people. Even the best idea is useless unless it is pursued.
6. People will beat a path to my door for my invention.
If the invention is in great demand, there is no doubt that there is a need in the marketplace. What must be considered, is that there are other people solving the same problem with their invention, which means you have just inherited a competitor. Feedback from friends and family is great but even it does not stop your competitor. No matter how great you think your idea is, you should considering designing and developing it before your competitor does.
7. A lot of inventions make it to market.
It is true that each year many new products are introduced into the marketplace. What must be clarified is that of the total inventions that were pursued worldwide, only a small percentage make it to market.
8. All inventions make money.
We tend to hear of the success stories and never the ones that fail. The truth of the matter is, of all the ideas that are invented, a few make money, and most don't.
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