The General Problem

 

Whoever makes an invention, wants to put it into practice. But that is not so easy.

Even then, when there is enough capital available. Because an innovation needs to be first
patented. That is why people patent their idea, or the inventor at least pursues a protection
of utility patents.

The better, the more revolutionary the invention, idea or concept, the more ability it has to
impact a market. At least in theory, because a market is well divided. And those who have
a strong position in the market don’t have much interest in losing their market share to a
competitor.

Therefore a patent is sometimes rather a reason to attack an invention, idea or concept. In
order to guard oneself against such attacks, one needs sufficient capital as well loyal and
strategic alliances.

Erfinder glauben an ihre Erfindung. Sie setzen sich dafür ein, dass diese eines Tages das Licht
des Marktes erblickt. Dafür setzen sie ihr Erspartes ein. Das wird dann für Tests, den Bau des
Prototypen, für Untersuchungen und Fallstudien ausgegeben. Und natürlich auch für die Patentierung.

Inventors believe in their invention. They strive in order for the invention to see the light of
the day, i.e. the market they desires to impact. They invest their personal money which is
spent on tests, developing the prototype, research and case studies. And of course also for
the patenting process.

In most cases there is not enough capital left for legal challenges, realization of the invention
or the product line. This is where one needs strong and experienced partners.

Partners, who have the right business contacts pertaining to the invention and either have
sufficient capital or direct access to capital providers who lend at attractive rates.

There is where trust plays an important role, for example in the sense that no upfront fees
are charged. A good partner rather focuses on the realization of the invention following the
monitoring thereof.

A cooperation is not a one way street.