FAQs

Please find below a list of most frequently asked questions (FAQ). If you can neither get an answer from this list nor from the pages What? How? Why? Idea Protection or Reward Policy please send us an email to enquires@ideaward.com and we will come back to you with an answer as soon as possible.

 

1. What kind of ideas do we look for?

Ideaward looks for any idea which once implemented will bring a benefit to people.
Your idea might refer to a product, process or service. It can be an improvement of something existing or just a complete brand new concept. You might know how to put it in place or not.

It just needs to:

  • be something feasible to execute which improves people’s life.
  • be new to the market.
  • be something that you are willing to give to a potential manufacturer in exchange of a reward and the benefit that its implementation will give you.

E.g. Strepsils for kids in lollipop format.

  • Benefits: it improves children well-being.
  • Feasibility: both lollipops and Strepsils exist, therefore it should be feasible to manufacture.
  • New: currently there are not Strepsils for kids in the market.


2. Difference between a non-patentable idea and an patentable idea.

According to the UK IP agency http://www.ipo.gov.uk, an idea which can be patented needs to:

  • Be new.
  • Have an inventive step that is not obvious to someone with knowledge and experience in the subject; therefore it cannot be an obvious modification of something existing.
  • Be capable of being made or used in some kind of industry.

You need to provide a written specification to demonstrate how to make and use the invention. This specification usually includes technical drawings or if applicable chemical formula.

A non-patentable idea is any idea which does not match any of the three above criteria.


3. How should I report my idea?

You need to explain what your idea can do, how it could do it and which benefits it would bring. The Ideaward submitting form will help you to report your idea in the best possible way.


4. Do I need to demonstrate that my idea is feasible?

Although you do not need to, it will help selling your idea to potential manufacturers.


5. How should I demonstrate that my idea is feasible?

Ideas relying on existing technology will usually be self-explanatory. To this group belong most of the ideas generated from improvements on available products. If your idea belongs to this group it is usually enough that you mention the changes versus the existing product and why you think they do not involve a major technology upgrade.

Ideas of something completely new to the market might require a substantial technology change.

  • If you know how to do it, you should say so in your report without going into the detail of how to do it. In these cases we strongly recommend that you apply for a patent in order to fully protect your intellectual property.
  • If you are not sure about existing or new technology need, do not worry, just say so. If your idea is selected the engineers and developers of the potential manufacturer will work in its implementation.


6. How should I demonstrate that my idea brings benefits?

The better you explain the benefits of your idea the easier it is going to be to present it to potential manufacturers.

A basic requirement is an explanation of the qualitative benefits your idea would bring. If you feel like a business analyst and want to provide a potential P&L for sure this will push forward your idea, but it is not necessary as the potential buyers will quickly develop it if your idea gets selected.


7. Which benefits do I have from using Ideaward to report my idea?

There are two main benefits from using Ideaward:

  • Ideaward Protects your idea
  • A Ideaward experienced team work for its implementation

Please, remember that ideas cannot be protected by patents, only inventions can.

  • Ideaward can give the best possible intellectual protection to an idea thanks to the net of production partners which share Ideaward principles. Please click here for more information about Protection of the Ideas.
  • Ideaward engineers evaluate the idea and find the best possible manufacturers.
  • Ideaward marketing goes to sell the idea and negotiates your reward.

  • 8. At what stage should my idea be?

    At the stage you feel confident to arrive. Our technical team and the buyer company R&D team can always proceed further with the development of the idea if it becomes selected.


    9. How do I know if I have a good idea?

    An idea is probably great if you start making yourself the “how can we have lived for so long without it” question and wishing you have your idea available in the next corner shop. If you have still doubts ask us or any of your friends to see the reaction.