How to Become a Successful Physician Inventor: Bringing Your Ideas to Market
SEAK, Inc. is the national leader in assisting physicians develop supplemental income. One of the ways physicians can utilize their clinical training and experience, problem solving abilities, and earn substantial additional income is to become a successful physician inventor.
The advantages of becoming a physician inventor are many, including:
- Earning substantial additional income without giving up your clinical practice or relocating your family.
- Low risk and manageable costs.
- Work on your own schedule.
- Being able to use your problem solving ability.
- Assisting thousands or potentially millions of patients with their medical problems, diseases, or conditions.
FREE Whitepaper: How to Become a Physician Inventor: Click here
SEAK, Inc. offers a dynamic two-day intensive course: How to Become a Successful Physician Inventor: Bringing Your Ideas to Market, now available on DVD. For additional information about the SEAK’s current courses for physicians.
Frequently asked questions about becoming a successful physician inventor:
Q. Do I have what it takes to become a successful physician inventor?
A. Physicians are particularly well positioned to see first-hand problems in the delivery of medical care. Nobody is in a better position to diagnose and solve these problems than a physician inventor.
Q. What are the characteristics of a successful physician inventor?
A. The ability to deal with a series of tough issues. The ability to create solutions and work to perfect them. Can you handle many tasks simultaneously? Do you have resiliency in the face of setbacks? Are you willing to work hard and not expect easy solutions? Do you possess well developed problem solving skills? Do you have the ability to learn and acquire the necessary skills for the task at hand? If you possess some of these characteristics you are well positioned to succeed as a physician inventor.
Q. Do I have to give up medicine to pursue becoming a physician inventor?
A. Absolutely not. Most physician inventors work at this part-time while still practicing medicine. Remember, you will still be utilizing your skills as a physician, your knowledge of science, and fulfilling your desire to help others. This is not abandoning medicine.
Q. Do I need an active medical license or board certification to pursue physician inventing?
A. No. The companies that will be purchasing your invention are only interested in great ideas, products, or inventions.
Q. Do I still need to be in active clinical practice to become a successful physician inventor?
A. No. In fact, the more time you have to devote to your ideas and inventions the faster you will be able to move along in the process.
Q. Is physician inventing limited to only some medical specialties?
A. Absolutely not. Every physician who comes in contact with patients will encounter problems that they can turn into solutions and inventions. Look for problems that you can solve and act on them.
Q. How much can I earn if/when my inventions are sold?
A. You will likely receive an upfront payment ranging from a few hundred thousand dollars to potentially millions of dollars. In addition, you will receive royalties of 3-7% of sales.
Q. What are some of the other reasons to become a physician inventor?
A. Frustration at the lack of real-time solutions to urgent medical problems, a desire not to have a boss other than patients and spouse, a wish/need to earn money doing what you love to do, at the same time helping the field of medicine, and a desire to be free of patients to pursue hobbies, inventing for fun, profit, and the benefit of others.
Here’s what attendees of SEAK’s How to Become a Successful Physician Inventor program have to say:
“I truly enjoyed the course. I appreciate the work you took to put it together.”
“Extremely helpful and made me more motivated”
“Love the highly experienced expert speakers”
“Loved hearing about case studies by the presenters”
“Very helpful to hear Dr. Wilk’s experiences and successes and failures”
“Speakers were very engaged and dynamic”