* What is a patent?
A patent is a grant that gives a person the authority to stop others from manufacturing, selling, using, or importing their patented invention. This authority is effective for twenty years from the patent application filing date. It is a contract between a person and the state in which he or she is permitted to exercise a restricted monopoly in exchange for allowing the invention to be made public.
Patent rights are territorial; that is, the patent granted in the United States does not give a person rights outside the country. This is also the case on patents granted to inventions in the United Kingdom, Australia, and other countries.
* How do I finance my invention?
In case you do not have personal finance resources but absolutely have the determinationto get your invention on the market, the best thing that you can do is to turn your invention into a commercial product.
You also have the option to ask for financial assistance from the federal government through the United States National Institute of Standards and Technology (NIST) or Department of Energy (DOE) if your invention is related to power generation or other...
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