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I have developed a concept application that can generate at least $100000 revenue a week. Due to the industry it is targeting and regulatory and licensing requirements I cannot launch it myself ( Big bucks required which I don't have ... )... I am planning to sell it to larger company in that industry.. Provided it is a concept how can I go about protecting it from being copied by those big companies ... I spent quite a few sleepless nights producing the application....
Any suggestion on how to do it ?
Zen and the art of software maintenance : rm -rf *
Math is like love : a simple idea but it can get complicated.
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Patent the process, sell licenses.
Aside from that, most large companies aren't interested in hearing about your $100k/week pitch. First of all you would have to get some major market research to back that up, otherwise its just swing in the wind. I'm not sure where you came up with it, but you will need more than that.
You will have to hire somebody to pitch this for you, somebody who knows what they are talking about. Find somebody who is a consultant but is well known. If they sign on (aka get a cut), and they are known in the industry, that will help.
Or you can look for angel investors, they will agree to give you funding for a percentage of the company. They have the resources to get a company up and running, but their goal is to cash out, so bet on losing most control of the company. You also get very little time to sell your idea to them, typically about 90 seconds before they've decided (whether they let you keep talking or not), so get your pitch polished.
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A patent is of no use.
When someone violates your patents and doesn't pay you a penny, do you have deep enough pockets to litigate all the way to the Supreme Court?
Even if you do, how many years before you get that judgement in your favour, after which they can start a legal wrangle about the quantum of damages?
The guy who invented electronic (as opposed to electromechanical) television got zero dollars from his invention. RCA stole it fair and square from him.
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Keep your idea and seek for loan to finance it if you think it will yeild the profit projected. Big buys will snatch the idea and run with it, when they are done refining your idea into their you will never believe that you were the originator of the idea. This is what I will do if I have such promising idea.
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You're screwed.
Peter Wasser
Art is making something out of nothing and selling it.
Frank Zappa
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First of all you can't just hand it over your product to someone. No one will consider that, you need a transition. Most of the startups that takes an exit have to work with the purchasing company for at-least a year. Means you can't sell your product/idea like a merchandise.
If it's unique, patent the most important aspects of your idea. so that it doesn't cost that much and you will be protected from others implementing it.
After that, you should find investors, most of the VCs requires good reference along with the nice idea. But if your idea is protected with patents then why not try crowd funding or angle investment. And to raise funding investors are looking for two things viable product and capable team (even if it's just one guy). And as you are saying that your product will bring revenue and you are passionate about it. I don't see any problem raising money.
Also don't worry too much about someone stealing your idea (it is lot harder than you think). There are many huge tech companies trying to copy each others products and most of them fails. And after working hard on your concept you might have realized that how difficult it is to implement an idea into a working product.
Don't held back because you are afraid that someone might copy your idea. There are many people with cool ideas who are holding back because they never implement it or want to be too secretive about it. Those kind of ideas doesn't matter.
I strongly believe that there is no such thing as stealing an idea, (don't believe everything Leonardo DiCaprio says in the movie Inception  ) it's all about execution.
Good luck.
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Get yourself a good patent lawyer. Alternatively try selling the idea to a bank or venture capital company (if you have such things in your area). If you've ever watched Dragons' Den, try that approach.
Veni, vidi, abiit domum
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You talking about Forex market?
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If it's truly innovative and groundbreaking, then I recommend you to go to an angel investor to get it off the ground. If you can't get funding from them, then consider selling licenses to the big boys in the industry, but I would do that as a last resort.
By the way, i'm curious, what kind of idea can generate such income?
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To the dump,
To the dump,
To the dump dump dump.
The difficult we do right away...
...the impossible takes slightly longer.
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The only instant messaging I do involves my middle finger.
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Hi Richard, I'm sure there is a sub-text here of some type, but I just don't get it, and I grew up listening to radio programs, like Ranger, Dragnet, Shadow... television came to my area when I was about twelve.
Of all those programs, it was "The Shadow" that most interested me, and intrigued me.
My first mental association, reading your post, was: "dump de dump dump" ... theme from Dragnet.
bill
Google CEO, Erich Schmidt: "I keep asking for a product called Serendipity. This product would have access to everything ever written or recorded, know everything the user ever worked on and saved to his or her personal hard drive, and know a whole lot about the user's tastes, friends and predilections." 2004, USA Today interview
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Think of the rythm of the theme tune: YouTube, SFW[^] - listen to the first 10 secs or so, and think: "ToTheDump, ToTheDump, ToTheDumpDumpDump" at the same time as the trumpet1 is playing.
1 Or bugle or whatever - I don't know, care or have the energy to find out.
The only instant messaging I do involves my middle finger.
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Thanks, OG, I tried hard, several times, listening to the ten-seconds of the LR theme trumpet-tootling, while internally focused on "dump ...," and all I could get was flashbacks to "Duke of Earl," and "Ride of the Valkyries."
I'm afraid that the involuntary sobriety of aging may have diminished my ability to summon auditory hallucinations, dammit.
yrs, bill
Google CEO, Erich Schmidt: "I keep asking for a product called Serendipity. This product would have access to everything ever written or recorded, know everything the user ever worked on and saved to his or her personal hard drive, and know a whole lot about the user's tastes, friends and predilections." 2004, USA Today interview
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That one was old when I was six.
Over 45 years ago. 
Software Zen: delete this;
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To do
To do
To do, to do, to do, to do, to doooooo
sorry...
The only instant messaging I do involves my middle finger.
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OriginalGriff wrote: sorry...
No you're not.
/ravi
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Well... A bit.
Very bored today, and can't settle to any actual work, and that appealed to my silly side... 
The only instant messaging I do involves my middle finger.
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Yeah I've been putting off starting a project for hours. Still ain't recouped from the flu shot completely but that's no excuse. Wanted to process a few pictures I took yesterday but can't get into that either.
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Quote: Very bored today
As the CEO of Wales, that seems odd.
There are only 10 types of people in the world, those who understand binary and those who don't.
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One of my favorite characters, the cats just got cool. 
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Ooookaaay... so now I've downloaded an image of the Pink Panther and added the text; where shall I post it? (I already posted it on FaceBook.)
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Keep Clam And Proofread
--
√(-1) 23 ∑ π...
And it was delicious.
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