Sadly, true
Denis Ch�nard, Orl�ans, Ont.
>I have come to believe that the situation you describe has become a major impediment to technological progress. In order for someone to bring an invention to market and profit from it, the following must happen:
- the invention must be useful and beneficial to the customer, at a price point that will make it desirable (that goes without saying, but many, probably a majority of inventions, fail that test)
- the inventor must protect his invention through a patent. This is a very expensive process, the inventor must be prepared to invest his life savings if any available, and hope he will not be fleeced by the lawyers or other intermediaries (which has happened many times in the past)
- the inventor must arrange for production of his product, either personally (if feasible), or through a subcontractor. More costs.
- the inventor must cross his fingers and hope that some "donkey's exhaust port" corporation will not copy his invention and drive him out of business, either through price undercutting or protracted litigation
- the inventor must find a retailer who's willing to carry his product. Although the internet makes it possible to sell direct, there's nothing like brick and mortar to give exposure to a product.
If all these conditions are met, only then the inventor will profit from his invention. One snag in any of the above points can send the whole edifice crumbling down and ruin the poor lad.
The other solution is to find an established corporation, which has the will and the resources to take care of all the "administrative" stuff. In exchange the inventor receives a royalty on the sale of his product, which can look minuscule in relation to the retail price... But then again, the corporation takes on many of the risks in that arrangment, and these risks need to be rewarded. But in the process the inventor loses control of his product, and that alone makes the whole approach unpalatable to many.
For the inventor, it's either huge risks or small rewards...
I have a few products that I believe could make it on the market. But then I'm not willing to mortgage my family's future over them...
Maybe, and I don't want to start a political discussion here, the government(s) could intervene in some manner to help inventors develop their products, provided the process can be made self-financing. The inventors and society at large would both gain from such an arrangment. Here's hoping...
DC