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| Hi, my name is Michael Richards and I'm a Kite Designer. |
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| Perhaps you have designed or invented a new toy or computer game, written a story or composed a song, or just figured out a new way of doing something. If so you will need to understand how to develop and protect it so you can turn your ideas into success. |
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Read on to discover the easy steps you can take to ensure that you protect your Big Idea.
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| Seek expert advice |
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| Contact IP Australia or an inventor's association to get advice and confirm your idea is original. You could also talk to a patent attorney, accountant or commercial solicitor - but remember to keep your discussions confidential. |
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| Protect your idea |
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| Remember, don't talk too soon. Wait until your idea is properly protected before going public. If you talk too soon you may not be able to protect your idea. By formally protecting your ideas you will gain the maximum benefit. Make sure you are protected so no one else can benefit from your hard work without your permission. |
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| Shh! It's a secret |
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| Talk to a lawyer about confidentiality agreements
that you can use when dealing with potential manufacturers. Be careful to only discuss your ideas with your business advisers. |
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| Sell, sell, sell |
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| To make some money from your idea you will need a business plan, including a budget, goals and timelines. When you develop your business plan remember to include principles of intellectual property. |
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| Put your best foot forward |
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| Consider how you will present yourself and your idea. You may need to develop advertising materials, presentations, promotional letters and a marketing strategy. Maybe you will need a solicitor to act on your behalf. |
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| Learn from the winners |
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| Take a look at what other inventors and innovators have done. What is the secret of their success? You can begin by surfing the web or exploring the business section on your local bookstore or library. |
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| Go for it! |
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| The path to success may be long with some roadblocks on the way. You should be prepared for the risks you will face. But, don't get discouraged - keep your head up and go for it! |
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| Sign on the dotted line |
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| Protecting your ideas may be complex. Look for professional advice, further information, and helpful tips on the IP Australia website at
www.ipaustralia.gov.au |
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| Once you have completed the ten steps print this page and keep our experts advice for the next Big Idea you have. |
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