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inventor
marketplace
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| Problem Addressed: No ready
market for your
invention |
Solution: Inventor Square™ —
market-making services for garage inventor
solutions.
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Inventor Square offers independent
inventors and just ordinary folk in our neighborhoods solving
daily problems a Marketplace where they can turn ideas in to
cash. This inventor's showcase helps you learn more about your
market, your value, and how you can improve your
offerings. It takes practice to be an American inventor
and frontline market research is your best feedback.

Mary Kaye Denning, Founder Garage
Inventor Live Opening day at the NASA Glenn
Research Center, Building 500 Auditorium,
Cleveland, OH August 12, 2008. Photographer,
Barney Taxel.
Learning to fail quickly.
In the innovation industry there are much
worse fates than, failing quickly. As weird as that may
sound to you now; failing quickly, can be great feedback.
This kind of research empowers you. It allows you to move
on to the new-and-next innovation, probably a more mature
idea/solution that will make you money.
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I heard your broadcast on NPR this
morning on WCPN. I was already signed up for the
conference next week and your segment with Eric
Wellman piqued my interest about your organization
and conference even more. We have individual
inventors approach us to create prototypes or CAD
models for their idea and we often give them advice
to go research their product on the internet and
the US patent office before spending their money. I
am anxious to learn about your methods and
organization for creating a process to give these
inventors a chance to be successful or learn
quickly that their idea is not marketable. I look
forward to meeting you.
Steve
Pastor Director of Engineering and
Design
The Technology House
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Limping along without measureable commercial success kidnaps
your time and precious resources. Back in the
sixties, NASA issued a mission objective: "Fail
Quickly". This objective insight placed the
United States space program in the position of leadership
and it will help you too.
Garage Inventors, you are:
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Performing your economic role by creating one+1
jobs. |
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Self-organizing with supply chain support. |
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Testing new markets. |
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Improving your skills as an inventor. |
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Increasing your output of marketable
solutions. |
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Thinking green, lean, and professional. |
Use Inventor Square as
your marketing tool to build and develop your reputation
as an Inventor and announce your perspective.
Inventor Square works best
for:
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Designs that do not meet the novelty requirement
established by the US Patent and Trademark
Office; |
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Designs which are patent-pending and are ready to
establishing a market or market on a larger
scale; |
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Designs that have been granted a patent but lack
the necessary relationships (capital, marketing,
manufacturing etc.) needed to fast-track the
commercialization timeline. |
Marketing your solutions
Selling is a
process that requires a dedicated effort, and it must be
presented on a consistent basis. Traditionally, inventors had
three customers. Now with the opening of Inventor Square, you can now
become an inventor without having to turn into an entrepreneur
or businessman to get your ideas to market.
When you
have your own showroom, you will get the opportunity
to meet entrepreneurs who will want to build a
business around your invention, like a movie producer
builds his movie around a novel.
Or, maybe your
direct sales will be all you need to absorb your production. It
is also possible that you'll meet Manufacturers ready to
invest in your design and who are willing to contribute their
know-how by helping, you engineer your invention so you can
distribute on a larger scale.
There are many
ways to distribute your invention but these commerical
opportunities can come on your radar only when your
potential buyer can find you.
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end-user |
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manufacturer |
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marketing company |
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your own showroom at INVENTOR
SQUARE |
The fact that you're an unknown is a
factor.
The process of commercialization (the series of processes
that turn ideas into cash) can take several paths to market.
But if you are like most independent inventors,
without a track record of successfully introducing new products
before, or a keystone calculator of your market value any
and all suggestions here seem unrealistic and have no
meaning.
This reality makes it hard to strike a contract with a
manufacturer or a distributor. Bluntly, they perceive unknowns
as avoidable risk no matter how smart you are, or how likely
your invention would work.
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I have been “inventing” things for
most of my life (I’m 58) and have spent thousands
of dollars pursuing patents, (of which I’ve secured
three), building prototypes, traveling to
companies…etc. etc. The patents are nice to look at
but in my opinion offer very little protection for
an individual player in a corporate jungle and the
maintenance fees alone are prohibitive. I’ve also
learned; in a struggle between, “making things
better” vs. “making money”, “making things better”
will lose every time. Well, almost every time! I’ve
also had a major corporation blatantly patent ideas
I’ve shown them in spite of signed confidentiality
agreements, which seem to be rather easy to get
around, and the cost in attorney fees to fight
them, well, if you had that kind of money you
wouldn’t need the aggravation. I think it’s called
“Catch 22”. Actually I’ve been through all of the
first 21 catches as well! I still believe, however,
that true genius can be found everywhere in any
community and on every level and recognizing this
is what will allow us to advance as a species
intellectually, spiritually and environmentally. It
seems to me this is the path to finding solutions
to the problems that we’re faced with as a society.
I’m not talking about get rich quick schemes or
gimmick products, but actual useful ideas and
solutions. If you are truly on the level and have
found a way to overcome, or at least get around,
the forces that drive what I call, “The Business of
Consumption” then I’d like to sign on in some small
way! I’ve signed up for the newsletter so we’ll see
where it goes.
I still have many more inventions left to share
if there’s anyone interested in listening
without draining my bank account!
Adrian J. Szendel, Inventor
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Further down the supply chain, even exceptional
retailers, once excited about taking on new designers, will
pass. They no longer have the open-to-buy resources, and in
most cases, the family-owned management structure that allowed
them to nurture up-and-coming talent like you. They
can ill-afford to make a mistake today and "one-hit
wonders" are expensive.
Even when they love your idea, know it has merit, what
can they do? It is just too risky, and too costly, to do
business with you. You're an unknown! And what product(s) will
follow, they ask? Distribution requires maintenance, new
introductions on a consistent basis. America is hooked on
choice.
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We hope you will choose to
exhibit your work at Inventor
Square. But; before you make that
choice, and if you intend to seek a
patent for your invention, we ask
that you know and understand the
requirements of intellectual
property patent law as it relates
to your invention before disclosing
your idea here or anywhere!
Certain actions you take
early on affect the value of
your property rights. It is
your responsibility, and yours
alone, to be informed and to
comply with intellectual
property law.
For more information,
please consult your
attorney or contact the United
States Patent and Trademark
Office Inventors Resources
before posting your inventions
here for regulations that
apply.
www.uspto.gov/web/offices/com/iip/index.htm
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Inventors, not every idea is worth a million
dollars!
The market, defined by you, and
the one defined by buyers can be worlds apart.
On the open market, the
marketability of your invention, is defined by how many buyers
scoop it up. Supply and Demand; it is the demand
that dictates whether or not your invention is worth
future investment.
Stay attentive here.
Sometimes the demand will not be there. Keep in mind, timing
affects the future applications and if the "fashion" is
not now, it doesn't necessarily mean it will not
work three years from now.
Remember; good
inventors are visionaries. You will be ahead of
your time. As a rule of thumb, it takes three to
five years to commericalize a product so pace
yourself.
Your goal at Inventor Square is
to give you, the developing inventor, a chance to get more
ideas flowing. By helping you to become a better inventor
we are certain you will provide American
manufacturing more production-ready
products - demand, process, and distribution - doing
us all a great service.
Towards this end, Inventor Square is
the place you can develop and build
your market.
With careful attention and good management,
you can:
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Create buzz around you. |
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Cultivate relationships with process experts. |
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Get real time feedback from other inventors. |

This could be
you one day.
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