What can I invent to get rich?

12 Inventions That Could Make $1 Billion

Energy storage. A man installing solar panels | iStock.com.
Asteroid mining. This astronaut knows you have a billionaire inside you | NASA via Getty Images.
Wireless electricity.
Cheap, portable water filtration.
Superior carbon capture tech.
Superior fracking tech.
Reverse microwave.
(Good) meatless meat.

Can you sell an invention idea?

You can sell your invention idea, or you can outright sell the invention itself for one large lump sum as compensation for your idea. The second option is to enter a licensing agreement. You would collect royalties each time your product is sold.

What types of ideas Cannot be patented?

According to the Patents Act, an invention cannot only constitute:

a discovery, scientific theory or mathematical method,
an aesthetic creation,
a scheme, rule or method for performing a mental act, playing a game or doing business, or a computer program,
a presentation of information,

Which one is not inventions?

A mere scheme or rule or method of performing mental act or method of playing a game. Explanation- playing a game such as chess, sudoku etc are not considered as inventions rather these are mere brain exercises and hence are not patented.

Can a patent attorney steal your idea?

However, patent lawyers are bound by ethics and professional responsibility requirements. Stealing an idea would be a serious breach of duty for a lawyer that can expose him or her to punishments from the bar, and the original inventor would likely be able to sue for theft.

How do I stop my invention from being stolen?

5 WAYS TO STOP YOUR INVENTION FROM BEING STOLEN

5 WAYS TO STOP YOUR INVENTION FROM BEING STOLEN.
File a provisional patent application. Protect your idea before receiving a patent.
Put the public on notice of your ownership.
Keep accurate communication records.
Create an IP culture.
Vet your partners and investors.

How expensive is a patent?

The average cost to patent an idea ranges from $5,000 to $16,000+ depending on how simple or complex your invention is. An extremely simple design such as a paper clip typically costs $5,000 to $7,000 to patent, whereas a highly complex invention such as software or satellite technologies runs $14,000 to $16,000+.

Can you steal a patent?

Technically, it is not legal for someone to patent your invention: “The patent application includes a declaration in which the applicant swears that everything in the application is true. Second, your theft of the idea (referred to as misappropriation) may result in a separate lawsuit against you by the real inventor.

Can you patent someone else’s invention?

Answer: First, you cannot patent something you did not invent. So if you falsely claim that you invented something when you did not, that would amount to fraud on the U.S. Patent and Trademark Office which would result in a termination of any rights you may have obtained (along with possible sanctions).

Can I patent something that already exists?

You can’t patent an existing or old product. However, you can patent a new use for an existing or old product as long as the new use is nonobvious. Moreover, the new use cannot be inherent in the use of the existing or old product.

Can you sell a patent?

A patent is an important document which grants ownership to an invention. However, simply owning a patent won’t generate a dime for the inventor. To profit from your idea, you must sell the patent, license usage rights, or market the product yourself.