The Independent Inventor's Handbook

Front Cover
Workman Publishing, 2009 - Business & Economics - 242 pages
4 Reviews
How do you actually turn a million-dollar idea into a million dollars? From scribble-on-the-napkin to product-on-the market, The Independent Inventor's Handbook explains everything a potential inventor needs to know and the tools he or she needs to use to take a raw concept and turn it into reality.

Written by Louis J. Foreman, creator of the PBS series Everyday Edisons and a holder of multiple patents, together with patent attorney Jill Gilbert Welytok, here's a book that speaks directly to the inventive American—the entrepreneur, the tinkerer, the dreamer, the basement scientist, the stay-at-home mom who figures out how to do it better. (over one million of them file patents each year.) Here is everything a future inventor needs: Understanding the difference between a good idea and a marketable idea. Why investing too much money at the outset can sink you. The downside of design patents, and how best to file an application for a utility patent. Surveys, online test runs, and other strategies for market research on a tight budget. Plus the effective pitch (hint: never say your target audience is "everyone"), questions to ask a prospective manufacturer, 14 licensing land mines to avoid, "looks-like" versus "works-like" prototypes, Ten Things Not to Tell a Venture Capitalist, and how to protect your invention once it's on the market. Appendices include a glossary of legal, manufacturing, and marketing terms, a sample nondisclosure agreement, and a patent application, deconstructed.
 

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LibraryThing Review

User Review  - ReadingQueen - LibraryThing

My son wants to be an inventor when he grows up, so I was interested in reading what is involved with getting an idea to market. The first two chapters about developing your idea and then designing it ... Read full review

LibraryThing Review

User Review  - universehall - LibraryThing

Perhaps, in a way, I am not the ideal person to read and review this book. I come to it with the background of a person who (perhaps like everyone else in the world) has had one or two ideas for ... Read full review

Contents

Eureka Turn an Invention into a Venture
1
First Define the Market Then Design the Product
25
Prototyping Manufacturing Distributing A Crash Course
47
Protect Your Invention with as Few Lawyers as Possible
83
Make Your Mark Branding Pitching Selling
121
Doing the Math Licensing vs Manufacturing
145
Money Matters Finding the Funds to Bring a New Product to Market
169
Protecting Defending Your Invention in a Global Marketplace
187
Becoming the Next Edison Your Personal Road Map
203
Confidential Nondisclosure Agreement NDA
209
Performing a Basic Patent Search
210
Excerpts from a Sample Patent
213
GLOSSARY
228
ACKNOWLEDGMENTS
235
INDEX
237
Copyright

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About the author (2009)

Louis J. Foreman is a serial entrepreneur with a passion for innovation. He started his first business from his college fraternity room and for the past 20 years has been starting and building successful companies. Louis is the founder and CEO of Enventys, a product-development firm working with major consumer product manufacturers and leading retailers. He is the publisher of Inventors Digest magazine and executive producer of the Emmy ģ award winning PBS show Everyday Edisons. He lives in Charlotte, North Carolina.

Jill Gilbert Welytok is a registered patent attorney and a founding partner of Absolute Technology Law Group LLC, specialists in helping independent inventors reach their entrepreneurial goals. She has written several books on legal, business, and technology topics, and lives in Milwaukee, Wisconsin.

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