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Inventors' handbook Disclosure and confidentiality Know the important difference between protecting your idea against disclosure and protecting your idea against infringement. Proving the invention Prototypes are necessary. Building a team and seeking funding To convince others that your invention is a business opportunity with excellent investment potential you may need a team that demonstrates a range of skills. Finding and approaching companies Finding the right companies to approach, and approaching them the right way, is important if you want a licensing agreement with a company. Novelty and prior art At least one significant part of your invention's technology must be completely new. Assessing the risk ahead Ask yourself the vital question: "Is there enough evidence to justify taking my idea any further?" Protecting your idea At some point you must legally protect your intellectual property (IP). Business planning A business plan is essential for transforming an invention into a commercial product.
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