What Is Innovation?
Inventing the wheel may seem like the most obvious innovation, but in the business world this isn’t always so. Definition. Invent means the first actual development of an idea for a new device or method which has never previously existed.
Inventors must protect their inventions from unauthorized copying and use. There are many legal protections in place to prevent stealing trade secrets. These usually include patents, trademarks, and copyright protection. This ensures that the new invention can’t be copied or used by others. So what is it then?
Discovery. Discovery simply means the act of discovering something new or different. So when someone suggests an innovation, they aren’t simply saying that they have invented something, but that they’ve discovered something that other people have not. What’s more, the person proposing the innovation must prove that they’ve actually discovered the invention in question, sometimes with assistance from an outside source.
Once they have obtained a patent on their invention, they can begin to market and sell their products, but they still hold all the rights to their inventions. demonstrate to the Patent Office why their invention is one that should be protected by a patent. The Patent Office continually evaluates whether these conditions are satisfied and continually asks for further clarification. If an invention meets these two requirements, it has a much better chance of obtaining a patent.