An idea invention is a product or service that solves a real problem. Its relevance means it solves a problem that is salient to enough people to make it worthwhile. The idea should also be feasible. A good way to come up with an idea is to think about recurring opportunities in your daily life. By doing this, you’ll come up with a more effective solution. Once you’ve thought of an idea for a product or service, you should choose a niche or industry in which to develop it.
Exploration

Inventions are generally the result of a process called “exploration.” Many inventors make incremental advances on existing ideas and products. But some make discoveries that seem far removed from previous knowledge. According to Madeline Kneeland, an assistant professor of management at Cornell’s School of Hotel Administration, there are three primary processes that generate new knowledge. They include scientific reasoning, distant recombination, and creative synthesis. idea inventions
Development

The development of an idea for a new product or service usually takes several stages. The first stage is the product design phase. The process involves generating enough details to determine the feasibility and market potential of the idea. This phase also involves finalising technical and economic details. The goal of this phase is to turn an idea into a working prototype that can be patented.

The next stage is the product development phase. This involves compiling cost and market research information and securing a patent. These are all critical components to the development of an idea for a product. idea inventions
Commercialization

Commercialization of idea inventions is a complex process and requires professional advice. Inventors are encouraged to seek the services of an expert to develop their ideas into products and services. There are many resources available to assist in this process, including books, websites, and webinars that teach inventors various marketing and selling techniques. While there is no fixed method or formula for the successful commercialization of an idea, there are some common practices and guidelines that must be followed.

The first step in the commercialization process is the invention disclosure process. This involves the disclosure of your idea and seeking a license. Once a license has been granted, the invention must be commercialized and marketed. An expert at a technology transfer office can help you develop a comprehensive business plan. The plan should include market analysis, marketing and sales activities, and a product development strategy.