Global Polytec Ltd.,Part.

Posts Tagged ‘profit’

Processing For Profit covers techniques used for increasing profitability while maintaining part quality. The course focuses on the relationship between the material, the mold and the molding machine. Also included is practical, up-to-date information about process documentation procedures – as well as some great tips on process optimization. Material handling and preparation Process documentation and its importance Process optimization Energy conservation

Question by Mike: How do I profit from an idea for an improved manufacturing process? It would dramatically increase molding.?
My idea would dramatically increase the output of injection molding machines. It is preposterously simple and requires no new technology. I need to know what I can do to profit from this. Can I patent the process and sell it? If I was to implement the idea in an injection molding company (which I do not own or work for at present), I would enjoy a significant competitive advantage for a short time. However, this idea is so simple to implement it would quickly spread throught the industry, erasing the competitive advantage.

Best answer:

Answer by Lawrence
Apply for a patent. Proceed with the work needed to prepare your patent application and obtain your patent number. You will likely need the assistance of a patent attorney and their research staff to prepare the patent application, defining the process’ description and research any references to similar art.

Then offer your patent applied for / patented process technique to industry under the terms of an NDA (non-disclosure agreement)

What do you think? Answer below!