Producing a good works-like, feels-like prototype will provide you the opportunity to bring your idea to life and test to see how it works. There are many options of making prototypes these days including 3D printing and model making. This dollar amount could be more depending on the complexity of your invention. Your mock up or prototype can cost as little as $50 and as much as $5000 for a basic concept. More complicated concepts with electronic components and computer chips for example, can cost considerably more. Some may work on hourly or project based fees. What Your Invention Looks Like and How It WorksĮngineering or product designers can run from $300 to $5,000 or more based on the fees they charge and the time it takes to deliver the final designs. When the patent office notifies you that the patent will been allowed, you will be charged an additional 'notice of allowance' fee as well. This does not include the patent office filing fee or the lawyer's fee to review and respond to the patent office 'office actions'. Having a patent attorney prepare a patent can cost anywhere from $2000 and up, depending on the complexity of the invention. You could have a patent attorney or agent help you with filing and they would charge for their time as well as the filing fee from the US Patent & Trademark Office or some opt to do it themselves and just pay the filing fee. There is a less expensive option to start and secure a filing date for your invention by filing a Provisional Patent. Should a patent search and evaluation not be done properly and the process continues, there may be consequences later on when attempting to license your idea or when bringing it to market only later finding out that you are infringing someone else's intellectual property. Evaluating prior art and/or claims may be complicated for those not skilled in intellectual property requirements. Some inventors may take what they find, stop there and move forward with the next steps. Patent & Trademark Office websites and searching online or you may know of similar concepts already in existence to then present to a patent attorney or agent for review and determine patentability. Some inventors may choose to do a search themselves by using Google Patents or the U.S. You can hire a patent attorney or agent and ask them to do the patent search for you with an opinion. You may then decide to take the findings and have a patent attorney or agent evaluation the patentability of your idea compared to the intellectual property you gave them. There are companies that strictly do patent searches and then provide you the information that have found for you to review. A professional patent search can run from $250 to $1500, depending on the people you hire and the complexity of the search. The Patent Searchįinding out if it's your idea can be a crucial step in moving forward any further with your venture. Let's review some very loose guidelines to keep in mind as you begin to build your budget to support your dream. Expectations can help you with planning and what is needed to bring your idea to reality. Most people have their vision so firmly fixed in their mind that they allow their emotions to take over their business decisions. Investing your time and resources into your invention ideas can be an unknown factor until you start the process, as each invention is unique in the materials it requires and the number of steps it takes. Deciding to start working on your invention can have you start wondering how much it's going to cost.
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