Five Tips to Stimulate Innovation by Smart Idea Store
Some tips to encourage more frequent innovation and how to best evaluate new ideas.
- Start with what you know – the easiest place to start innovating is where you are happiest and most comfortable. Whether this is technology that you use at home, for your hobbies or at work. Start by looking at what technology currently exists and could be improved. The other option is to consider what technology that does not exist yet that would solve a relevant problem or improve quality or reduce cost in something that you are familiar with or that occurs frequently.
- Be observant – there are plenty of opportunities in our every day life to be innovative; the trick is to spot them. Serial inventors have trained themselves to notice these opportunities. Successful inventors have trained themselves to ignore most of these opportunities and only spend time and effort on those which offer technical possibilities and a decent chance of commercial success. Reading more of the resources and guides for inventors will help you to think in this way.
- Speak with people – too many inventors fail because they develop what they want and not what the market needs. Potential customers are interested in your technology and commercial experts are great sources for requirements and improvements to current technology and feedback on your protected ideas. Turning ideas into commercial products requires patent agents, legal experts, technical experts, designers and manufacturers. For example the regulatory compliance for a new screw for the DIY market costs significantly less money and takes less time than an orthopaedic screw. This type of information needs to be known very early to determine how far you, as the inventor, can take the project, your route to market and the project partners required for you to meet your objectives.
- Ask questions – innovation will introduce you to new subjects and situations and bring you into contact with new people from a wide range of professions with a wide range of experience. The best way to improve your chances of success is to ask the right questions. You can answer these questions for yourself, search the internet for the answer or ask people with experience. People are a great source of information and discussions can raise many more questions that can be answered by people with the right experience. Being able to ask the right question can improve the quality of your invention and your chances of success.
- Be interested – turning ideas into developed technology is a difficult business, requiring significant amounts of your time, effort and devotion. In addition, it will require you to create interest in your ideas when approaching potential project partners or customers. Therefore, you need to choose ideas that grab your interest as your chances of success hinge on transferring your interest onto them. Don’t settle for an idea that is OK or better than average. Hold out for that idea or those ideas that excite you and make you confident that you could easily get others interested.
January 6, 2013