McCombs School of Business
Knowledge

Conclusion

Inventing a new product can be challenging, and determining what steps to take from inspiration is an intricate process. Becoming Product-Smart is necessary for successful market penetration and product success. The multi step process includes protecting the invention, testing the market, manufacturing, getting funding, preparing for market, and finally, after intense preparation, selling the finished product.

Inventors are the driving force behind our world's innovation and technological advancements. By understanding the complicated to-market process and becoming Product-Smart, inventors can more easily benefit from their intellectual input into the advancements of our world.

Contact Erik McMillan with any questions.