Tips for Inventor

By Bugs Tan An Award Winning Inventor

• Name : Bugs Tan• Age : 49 years old• Nationality : Malaysian• M status : Happily Married• Children : 2 Young Inventors• Profession : Commercial Inventor• Nos of Inventions : Filed 15 inventions to his name• Other talents : Author, Adjunct Lecturer, Dhamma speaker…• Sports : Former National Cricket Player

a love bug..…

11 National AwardsYear Name of Award Inventions Organization Country

2000 National Inventor Award Multi-locking Pulley Min of Science (MOSTI) Malaysia

2001 Short Listed National Inventor Award Min of Science (MOSTI) Malaysia

2001 Silver Medal Multi-locking Pulley Geneva Invention show Switzerland

2002 Silver Medal Extruded Alum Coupling ITEX Invention show Malaysia

2002 Bronze Medal Alum Light Weight Grating ITEX Invention Show Malaysia

2003 Bronze Medal Multi-locking Pulley Science & Technology Show Malaysia

2004 Nominated SMI Award Innovator / Entrepreneur Small Medium Industry Malaysia

2007 National Innovator Award Litewalk Grating System Min of Science (MOSTI) Malaysia

2009 Int Excellent Innovation Bugs Tan Indira Group of Institutes India

2009 Industrial Design Award Litewalk Grating System Intellectual Property Office Malaysia

2010 APICTA Award Sure Streamer- Eco Dream MDeC & PIKOM Malaysia

Tips for inventor

• Content : Short messages to inculcate interest amongst

• Malaysian on invention

• Emphasis : All about invention, tips, information, • encouragement, sharing and wisdom

• Target : 18 years and above. Inventors and inventor • wannabe

• Dosage : One tip per week, 52 tips per year.

• Copy right : All Rights reserves Bugs Tan 2010 ©

7 Steps to take your idea to market place

Conceptualization

Check your idea

Raising fund

Creating the invention

Intellectual Property rights

19 tips

8 tips

2 tips

7 tips

5 tips

Valuation of technology

Commercialization

3 tips

8 tips

Tip no 1• Mind is the fore runner for all

inventions. Our mind is the “main tool” used through-out the entire process. That is from conceptualizing a new idea right-up to bringing the new product onto the market place.

Tip no 2

• We know the Malay word manusia means human being. But do you know Manusia in Sanskrit are made-up of two words. Manu which mean human and Usia mean potential to cultivate. Therefore manusia mean “a being with a mind that could cultivated to its full potential”

Tip no 3

We are very fortunate to have a human mind that could cultivate intellectually. This potential is enormous and it has no limit. Human mind operate at lightning speed. It can store memories as large as an ocean. Its mental strength is stronger than titanium steel

Steps one : Conceptualization

More tips…Tip no. 6 To create a good invention it should contain 3 important elements. That is one, it should benefit mankind. Two, good for the environment and three, there are inventive steps in your new invention

Tip no. 7 You do not need to have a Master degree to create a new invention. There is no discrimination of academic qualification. Your age is also not a factor. Everybody can be an inventor

Tip no 10 To create a new invention you need a good imagination and a truck load of passion

Tipno.15 Malaysia is blessed with people of multi races. The people speak different language, cook different cuisines, wear colourful attires and practice different culture and traditions. This provides a conducive platform for creativity and innovation

Tips, tips, tips.

Tip no. 19 Nothing can come-up from nothing. Therefore, an invention is something creative that comes-out from a combination of previous pieces of work put-together.

Tip no. 16 Ideas come to you when you are most relaxed. So take time-out to do different things. Get-off the grid. It will do you a whole world of good

Tip no.17 One major hindrance why a person thinks he cannot be an inventor is because human being in general has a hive of opinions. But unless he opens-up, he is a prisoner of his opinions

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Each tip is no more 50 words

Tip no.28 The Malaysian government believe that creative innovation is the next engine of growth. They are here to support us to create a large pool of new technologies, inventions and innovations. You can get a research grant to fund your project. Visit www.cradle.com.my to find out more

Tips no 20 Before embarking on a project to create an invention, you should conduct an “idea check” to see if your idea deserve such priority. The reason is because not all new ideas are worthy of your time and money

Tip no.22 A good place to do patent search is at the Malaysian Patent Office www.myipo.gov.my Go check it out and see if other people have already thought of the same idea as yours

Tip no.24 A “shiock sendiri” invention is an amazing invention that nobody wants to buy. People who claimed their idea is the best in the world without having done any market research are only fooling themselves

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TRUE or FALSE?TRUE or FALSE?

Creating the invention.

• Tip no.30 A prototype can be defined as physical mock-up pieces of work that reflect the idea you have envisaged earlier. While a working model can be define as a physical unit that runs and function accordingly

Tip no. 33 A vast majority of time in the life of an inventor is devoted in getting things wrong. Or rather, to painstakingly testing things to see how they might work right.

Tips no. 38 The economic surrounding a single patent, or a group of patents, revolves around the balance between the expenses of obtaining and maintaining the patent(s), and the income derive from owning that/ those patents.

Tips on IP protection.

Tip no. 40 You do not need to build a working model in order to file a patent. The patent office accepts your application just by you having conceived a new idea

Tip no.37 The patent office recognizes the FIRST person who filed a new idea as the rightful owner to that invention. Therefore, during the time before you file the patent, you should safe guard your idea and prevent others from stealing it

Tips for Steps six

Valuation of an Invention

Tips no.43 Like convention property, intellectual property also has a price tagged on it. Therefore, it is advisable for you to engage an expert to conduct a valuation. Having done that and with a price on your new invention, it’ll forms a basis for discussion during commercialization stage.

Tip no. 44 Wealth is no more measured in terms of fixed assets such as building, land, machinery and etc. Wealth is now measured in term of knowledge-based system which adds value. Intangible assets in particularly intellectual property rights (IPr) constitute real value for businesses.

Tips for Steps seven

CommercializationTip no. 47 To commercialize your new invention the 1st option you have is to sell your intellectual property rights (IPr) out-right to an interested party. You will get a lump sum. This is hard to come by though, but it is every inventor’s dream

Tip no. 48 To commercialize your new invention the 2nd option you have is to license-out your idea to an interested industrialist. In this arrangement, you’ll earn royalty every time the product is sold in the market. It’s like how a singer earns from his songs

Step no. 7 - Commercialization

Route toCommercialization

2. Licensing Earn Royalty through Licensing

1. Sell off your Invention Sell your IP out-right

4. Seek investors Family members Friends Angels / VCs

3. Seek Synergy Partners JV with Entrepreneur

5. Commercialize by yourself Self fundingApply a CIP 500 grant

Commercialization - Manufacturing & Marketing

Turning Idea Into Innovation

The last tip

Taniah!Tip no.52 Congratulations for coming thus far. I think you have done well. With such determination and passion, nothing is impossible. Enjoy your journey and may each step you take brings you closer to your dream. Wishing you all the best and may you be well and happy

LIGHTER

CHEAPER

STRONGER

SAFER TO WALK ON

A new light weight galvanized steel grating system used on oil platform, refinery, power plant and factories

More inventions…

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Grating system Vibrating Earring Premium Books Invention Workbook Stories For Kids

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Thank you

Everybody has the potential…

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