- First, they look at your idea and see if it has a chance of making it, after a telephone conversation about 20% make it.
- Then an in-depth 12 hour patent search 10% make it past this level.
- Next step is to make a prototype and file for a patent.
- Now you decide if you want to find a company that you will license the product to or run with it yourself.
- One of the fund raising methods discussed is Kickstarter campaign.