How about these sources... are any of them credible?
"In truth, odds are stacked astronomically against inventors, and no marketing outfit can change them."
Richard Maulsby
Director of the Office of Public Affairs,
U.S. Patent & Trademark Office
99.9% fail - 1 out of 5000 inventions have successful product launches. “[E]xperts estimate that 1 out of 5,000 inventions have gone on to successful product launches." Invention success rate. Percent of inventions that fail. (Williams-Harold, Bevolyn, “You've got it made! (developing invention ideas),” Black Enterprise, June 1, 1999)
99.9% fail. Only 2 products are launched out of every 3,000 ideas. “Out of 3,000 ideas, for instance, only about two products are ever actually launched — and only one of those succeeds, says Greg Stevens, president of WinOvations, a new product research and consulting firm in Midland, Mich.” What percent of inventions become commercially successful? (Jeannie Mandelker, Reporter Associate: Anne Ashby Gilbert, Marketing, Your Company, pp. 54+, October 1, 1997)
99.8% fail. Only 3,000 patents out of 1.5 million patents are commercially viable. “In truth, odds are stacked astronomically against inventors, and no marketing outfit can change them. ‘There are around 1.5 million patents in effect and in force in this country, and of those, maybe 3,000 are commercially viable,’ [Richard Maulsby, director of the Office of Public Affairs for the U.S. Patent & Trademark Office], says. ‘It's a very small percentage of patents that actually turn into products that make money for people. On top of all that, to get ripped off for tens of thousands of dollars adds insult to injury.” What percent of patents make money? How many patents become products? Percent of patents commercialized. Percent of patents that get approved. (Richard Maulsby, director of public affairs for the U.S. Patent & Trademark Office, quoted in Karen E. Klein, Smart Answers, “Avoiding the Inventor's Lament,” Business Week, November 10, 2005)
99% fail. Only 1 out of 100 patented products make money. “Even an inventor whose product is unusual enough to receive a patent faces daunting odds. Only an estimated one out of every 100 patented products makes money.” Percentage of patents that make money. Percentage of inventions that make it to market. (Mimi Whitefield, Herald Business Writer, Miami Herald, February 5, 1996, p. 22BM)
99% fail. 1 out of 100 ideas make it. The reality is that "for every successful business, you have probably 100 ideas or more. The one out of a 100 that makes it to market, their success rate isn't that great either." What is the probability of becoming a successful inventor? (Robert D. MacDonald, Entrepreneur Consultant, Lake Oswego, Oregon, “Oregon Ranks No. 8 In Nation In Inventors,” The Columbian, January 9, 1998)
98% fail. Only 2% earn significant dollars. What percentage of patents succeed? “According to the U.S. Patent and Trademark Office, approximately 2 percent of patents earn significant dollars for their inventors.” Patent success rates. Patent odds of success. What percentage of inventors make it? (Susan Glairon, “Boulder, Colo., Inventors Find Joy in Journey from Idea to Product,” Knight Ridder/Tribune Business News, April 17, 2000)
97% to 98% fail – “?nly 2 to 3 percent of registered patents ever make it to the market.” Percentage of patented inventions that make it in the marketplace Chances of invention making money. (Stuart West, intellectual property lawyer based in Walnut Creek, California quoted in Marton Dunai, “More inventors try to market products,” Oakland Tribune, September 5, 2006)
95% to 97% fail - Only 3 to 5 out of 100 inventions succeed. “It is universally accepted that out of every 100 inventions, only three to five will succeed commercially.” Percentage of inventions that succeed. Patent commercialization success rate. (Yeang Soo Ching, “Reaping rewards from inventions,” New Straits Times, December 24, 2000)
95% fail. Less than 5% of patents are commercialized. “And less than 5 percent of the patents received by small inventors culminate in a commercial product.” Percent of patents commercialized. Odds of success for independent inventors. Statistics of odds of independent inventor patents being commercialized. (Sougata Mukherjee, South Florida Business Journal, June 8, 1998)
95% fail - Only 5% earn money. “It's been reported, without confirmation, that worldwide, only 5% [five percent] of all patented inventions ever earn any money for their inventors.” (Business Daily, Philippines, November 27, 1998)
95% fail - Only 5% of independent inventor patents are produced in the marketplace. “Independent inventors …are responsible for 15 percent of all U.S. patents. Fewer than 5 percent of those patents are ever produced in the marketplace.” Percentage of independent inventor inventions that make it in the marketplace. (Tim Lemke, “Invention + market savvy = successful product”, The Washington Times, April 16, 2001)
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