Invent A New Product Or Service

Inventing a product or service which meets an existing but unaddressed demand can create an excellent business opportunity.

Some Examples

1. An entrepreneur recognized the amount of work hospital personnel went through to prop patients up in their beds. He then invented the mechanical hospital bed.

2. A inventor realized that it can be difficult to organize closets efficiently. He invented a closet organizer, which is now sold in most building supply stores.

How To Do It

1. Concentrating on products and processes which are familiar to you, try to think of ideas for products, processes, or services which would enhance or improve existing situations ("What we need here is something that would....").

2. Observe products or services that could be made more effective to save time, effort or money.

3. Look for products and services that people are requesting, but which do not exist.

4. Examine present products and services from various perspectives to see if there are elements that could be added, subtracted changed or combined, to produce improvements.

5. Read newspaper columns and magazine sections devoted to consumer topics, including people's ideas about products and services which they would like to see offered or invented.

6. Use creative thinking to come up with an entirely new product or service.

7. Before proceeding with an invention, seek professional advice from a patents attorney. They are listed in the Yellow Pages of your telephone directory under Patent Attorneys and Agents - Registered. Each city has a patents receiving office which will accept and deliver your patent to the federal patents office.

8. Obtain free booklets on patents, copyrights, industrial designs and trademarks from the Canadian Intellectual Property Office of Industry Canada.

Key Questions

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