Sharing some tips on how to create a good invention and bring it to the market place. Good luck. Bugs Tan

1. Tips for Inventor By Bugs Tan An Award Winning Inventor

2. 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..…

3. 11 National Awards

4. 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 ©

5. 7 Steps to take your idea to market place Conceptualization 19 tips Check your idea 8 tips Raising fund 2 tips Creating the invention 7 tips Intellectual Property rights 5 tips Valuation of technology 3 tips 8 tips Commercialization

7. 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 10 To create a new invention you need a good imagination and a truck load of passion 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

8. 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.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 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. 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.

9. Each tip is no more 50 words 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 “shiocksendiri” 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 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 .

11. 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.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 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

12. 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.

13. Tips for Steps seven Commercialization Tip 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

14. Turning Idea Into Innovation Step no. 7 - Commercialization 1. Sell off your Invention Sell your IP out-right Commercialize by yourself Self funding Apply a CIP 500 grant 2.Licensing Earn Royalty through Licensing Route to Commercialization 3. Seek Synergy Partners JV with Entrepreneur 4. Seek investors Family members Friends Angels / VCs Commercialization - Manufacturing & Marketing

15. 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

16. A new light weight galvanized steel grating system used on oil platform, refinery, power plant and factories LIGHTER STRONGER CHEAPER SAFER TO WALK ON

17. More inventions… Pulley Coupling Chiller Can Singing Donation Box Drugs Mixer Out Door Air-cooler Katapila Track Machine Fan Filta Combo Spoon Grating system Vibrating Earring Premium Books Invention Workbook Stories For Kids

18. Thank you Everybody has the potential… www.facebook.com/unclebugs 013- 388 7800 bugstan@gmail.com www.uncle-bugs.blogspot.com