Inventors are some of the icons of the industry, working hard to create new products for the public.
The image of Tesla or Bill Gates, inventing in a garage or primitive laboratory comes to mind when thinking of an inventor, InventHelp Inventors but engineering and development costs have increased dramatically, and invention today occurs more often in corporate laboratories and research and development departments, yet 20 percent of U.S. patents are granted each year to private inventors.
A skilled inventor can still turn good ideas into significant sums of money. In addition to being creative, successful inventors must also be effective entrepreneurs.
Developing a useful product is only the first step in the process. The inventor must also be able to negotiate a favorable licensing contract with an established manufacturer or have the means to become an entrepreneur and engage in the business of manufacturing his ideas.
Designs must be…
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