Description of Invention Idea (Helpful Tip: Describe the product
itself as well as how it works and what problem it solves.)
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List the Industry or Industries your product will be interesting/appealing
to.
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Indicate the technology involved in your product and explain
how the technology works in your product.(if necessary, use additional paper.)
(Check all that apply)
| Software | Mechanical | Telecommunications |
| Electrical | Chemical | Internet |
| Computer/Electronic | Other________________ |
Define the market for the product
Number of Potential Consumers ____________________
Location of Consumers____________________________
Potential Selling Price of Product ___________________
Explanation of how you arrive at these numbers. (Below)
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List the competitive products that are currently on the market.
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Explain how your product is better than the competition's.
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List the major corporations in this product area.
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Do you have a prototype/working model of your idea? Yes No
Choose one: Legal Status? Idea Stage, Patent Pending, Patented
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