Invent Bay Expo –Worthwhile Event Last Weekend

October 21, 2008

For a first year expo, I have to hand it to Keith Hammock, president of InventBay, for such a fantastic venue and opportunity for inventors. Because it was the first year and the economy is in the tank, I was amazed at the number of inventors attending. My guess is that there were 200 inventors exhibiting. That does not count the number I talked to who were roaming the aisles and taking advantage of the educational sessions. I gave two well attended presentations, one titled “Free and Trustworthy Information for Inventors” and the other “Funding, Licensing and Marketing; Everything an Inventor Needs to Know”.

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The Phone is Ringing off the Hook

October 21, 2008

It amazes me how smart inventors become when they go to an event like this with quality educational sessions. So many inventors want only two things, funding and licensing. A large number think this is possible with only an idea. Unfortunately, most don’t realize how improbable this is in the early stages of the inventing process even if they have an issued patent. Maybe that is why they fall for the companies that say they will present the inventors’ intellectual property to companies and actually do little more than send junk mail to a Standard Industrial Classification (SIC) code mailing list. Or worse yet, charge the inventors more than the list is worth and give it to the inventor to do his or her own mailing.

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Sometimes, I Feel Like I am Running and Undercover Operation

October 21, 2008

In today’s business climate, it is becoming more common to out-source services. One of the first outsiders that “C” level executives pursue when they are not getting the results they want are consultants in the area needing improvement. Smart executives know that they will, in most cases, get straight answers from consultants. Consultants have a more objective view of the company and what needs to be done to secure the desired results. Keep in mind that, when working with consultants, it is good business policy to have the consultant sign a non-disclosure agreement before disclosing confidential information.

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Medical Products Coming to Mind?

October 10, 2008

When any inventor creates a product in his or her area of interest or expertise, it has a higher likelihood of success in the marketplace. I met with two incredibly creative nurses last week. Each had created products that will increase the comfort of patients as well as improve the efficiency and productivity of nursing staff. Baby boomers are quickly moving into retirement, therefore, medical products that allow seniors to have more comfortable lives into their senior years will be sought after. As a baby boomer myself, I hope those nurses continue their creativity. Go nurses!!!

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