Product Development and Prototype Planning
Product Development and Prototype Planning
An ancient Chinese proverb says that every long journey begins with one small step. In many cases, the journey of product development and prototype planning begins with an idea of an entrepreneur or inventor, or just a thinking person who encounters a problem and thinks of a solution to the problem. In the next stage, they’re able to develop products and plan a prototype, or share others in the development. The famous inventor Edison already said that to invent an invention, there’s a need for one percent knowledge and ninety-nine percent imagination.
Product Development and Prototype Planning – Who is it Suitable For?
To do product planning, there’s no need to be a professional who follows the beaten path. A large part of inventors are precisely not professionals in their invention field. Sometimes a professional is captive in conception and in the knowledge path and doesn’t succeed in deviating from the professional thought line that guides them. On the other hand, a person who isn’t a professional allows themselves to exit the framework more easily and develop products, plan prototypes in a way that doesn’t follow the accepted path. Although it’s clear that the inventor needs at the end of product development and prototype planning to consult with professionals in the field. The professionals will guide the inventor and help them in product development and prototype planning and also in prototype manufacturing.
Product Development and Prototype Planning, For Example in the Corona Field
To advance a venture, for example a ventilator for coronavirus patients, the entrepreneur, inventor first hears about the problem, checks what exists in the market, what are the prices, production capacity, consumption size, etc., and tries to do product development and prototype planning improved relative to what exists, and of course the next stage is consultation with professionals in the field, for example doctors specializing in treating coronavirus patients, pulmonologists and/or anesthesiologists specializing in coronavirus patients who can help the inventor in product development in the coronavirus disease field and in prototype planning. Usually, professionals in the field will express their opinion. If the product development seems good to them, they’ll give a positive answer, and if not, they’ll negate the product development or prototype planning or help improve the development and planning.
Patent Registration, Product Development and Prototype Planning
Usually after the product development stage comes the intellectual property protection stage by patent application registration. There are different forms of patent protection, for example provisional patent applications, full patent applications designated for receiving a patent for 20 years, international patent applications, national-level patent applications in different countries, etc.
Prototype Manufacturing, Product Development
To advance and commercialize product development + prototype planning + prototype manufacturing + marketing, etc., there’s a need for raising investors. Some of the entrepreneurs who perform product development and prototype planning are able to promote and advance the entire process of intellectual property protection and patent registration, and some of them perform only initial patent registrations which grant them protection on the priority date and priority right for one year in 175 countries. It’s also possible to extend the priority date and priority right for an additional year and a half, and then the inventor who performed product development and/or prototype planning has time of two and a half years to continue protecting their product development and prototype planning to the desired goal, which is usually 20 years.
To submit a patent application, it’s usually worthwhile to check what exists in the invention field. To receive a patent, several things need to be fulfilled, for example: the invention needs to be new, there’s a need for the invention to bring benefit, there’s a need for the invention to be in a technological field. There’s a need for the invention to have inventive advancement, etc.
Integrating Technical Team and Patent Attorneys for Patent Registration and Product Development
Patent registration – usually you receive a patent after its examination on the technical way in which the product development and prototype planning stages are done. You can see that sometimes there are several patents and inventions on the same subject serving the same purpose, but each of them contains different product development and prototype planning and has different physical principles. It’s possible today to receive, for example, a patent on a wheel provided it’s new, has inventive advancement, is applicable, in technological field, brings benefit, solves a problem, etc. In recent years, patents were received on wheels containing these properties. On the subject of product development, prototype planning, it’s advisable to study in depth the invention subject from different aspects, for example materials engineering used for prototype planning and product manufacturing.
The tools required for product development, prototype planning. The tools required for mass production, the production process of tools, for example molds for plastic injection, dies for metal processing, machining processes. The limitations of mass production capabilities, for example limitations of molds for polymer injection, plastic, the ejection capabilities of a plastic product from a mold, ejection directions, thickness, and material type. Quantity of units per mold, etc.
To do product development, prototype planning, etc., it’s advisable that the inventor and entrepreneur do themselves, or get help from professionals, research on the technological subjects of their venture and invention, on the need in their venture, on the financial issues involved in their venture, on competitors, on schedules for advancing product development and prototype planning related to their venture, etc.
On the subject of financing product development or prototype planning, there are several accepted ways, for example initial financing by the entrepreneur or inventor. Financing by their close ones, crowdfunding / financing by institutional venture capital funds, for example the Innovation Authority, Tnufa Fund, technology incubators, etc. Financing by capital funds, Israeli and/or foreign venture capital. In Israel today, about 200 venture capital companies operate in different fields, for example in life sciences field, in high-tech field, in electricity and electronics field, applications and software, and various diverse fields. On the subject of fundraising for product development and prototype planning and also for continuation of prototype manufacturing and mass marketing, there’s sometimes a need for several rounds of fundraising. There are financing companies interested in investing in ventures at their beginning, and there are companies interested in investing later in different stages of product development and prototype planning up to mass marketing. See also how much it costs to register a patent.
So What Do You Do in Patents, Product Development and Prototype Planning?
Our office specializes in this field with hundreds of inventions developed and registered in Israel and worldwide. Products registered and developed succeeded in diverse fields in Israel and worldwide. We integrate a technical team with rich experience in many fields together with patent attorney engineers who draft the patent registration application. The above information is partial and not complete. You should receive consultation from a patent attorney for each case specifically and from a technical team. This integration will help expand and improve both with the patent application and regarding product development and prototype planning and manufacturing. Contact now for additional details and introductory meeting at no cost (also possible without leaving home during the corona crisis days). Call now 03-9711011.