Home > Idea
You have an idea
75 out of 100 ideas do not hit the market.. increase your chances by taking the next steps in mind
 
Key steps
  • Is it already made and marketed ?
  • Unless protected, don’t disclose full details until you get an interest
  • If you disclose before filing a patent application, go for confidentiality agreements, preferably a one–way whereby your disclosure is protected
  • Keep a copy of everything you disclose
  • Conduct market search to determine there is a market
  • Identify competing product, why is it better and why would someone select your product
  • Decide whether you want to sell outright the rights of your idea or license it to someone else If you decide to do it yourself you will need a business plan
  • Realize that technical and market viability is a series of steps in the evaluation of the financing process of your idea
  • If you decide to do it with a partner be careful in your contacts and make sure at all times you are protected with your disclosure of information and ask yourself the question what your options are if the other party does not perform
  • Target your potential licensee or buyer carefully
 
How to contact BiiP?
 
The client contacts BiiP and presents BiiP general information such as a general definition of the project/concept/idea or the field of the invention.
  1. BiiP and the client sign a mutual Non-Disclosure Agreement.
  2. BiiP is presented with further details that enable BiiP to propose a strategy document and detailed action plan.
    The client receives a detailed list that includes suggested actions, the necessary stages, deliverables, timing and costs.
  3. BiiP and the client agree as to the proposed strategy and action plan and sign the proposal.
  4. BiiP carries out the project according to the ordered stages.
 
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BiiP offices: Culliganlaan, 1B, 1831 Diegem (Brussels), Belgium.