Idea to Invention Project Report

Abstract

The United States Patent and Trademark Office (USPTO) estimates that 1-3% of patented inventions produce profits for the inventor. The cost of filing and examination for a non-provisional patent can range from $2,000 to $10,000 and beyond. ATC Company understands this uncertainty and will undertake a project to invent a new shelter product and determine its marketability, prior to investing in a non-provisional patent. The Idea to Invention project objective is to apply Project Management principles and develop a process for inventing an idea, measuring the idea’s utility and commercial viability as a product, conducting a patent search and producing a thorough Provisional Patent Application. Specifically, the project will deliver both a product line of ATC’s and a process for establishing first to invent rights to patenting the ATC’s function and method of operation. Unlike most recreational tent products available, ATCs do not require a flat or suitable site for setup; rather, ATCs deliver ultralightweight, highly adaptable weather protection and concealment nearly anywhere in the field.