Tips on turning your ideas into valuable IP and money
by Tristan Boyd
They say the average human brain has 50,000 thoughts per day and for the inventive entrepreneurial types, a lot of those brain sparks are potentially the next big business idea. This coupled with the concept of multiple discovery (also known as simultaneous invention) which is the hypothesis that most scientific discoveries and inventions are made independently and more or less simultaneously by multiple scientists and inventors within a similar set time period, suggests maybe your ideas aren’t as new or unique after all.
Given the theory above and using it as a catalyst and motivator to protect your idea whilst also thinking about how you monetise your IP, we break down below how you can navigate this complex landscape.