Past NIA president, Tony Patti will speak to our group this Saturday October 27. In an association composed primarily of inventor/producers/marketers Patti advises to sell your patent and let someone else manufacture and market your creation. He may be a lone voice but his voice has authority based on success and experience.
In 1984 Patti designed a unique wheel cover for motor homes utilizing a system that did not interfere with the lug nut to wheel retension. He received his first patent on this product in 1988. Since that time Patti has patented several other designs for items used in the mounting of valve extenders to the wheels of RVs and trucks.
Three years ago Tony formed Inventive Research & Development Inc., a no fee consulting firm in order to help and protect Nevada inventors while guiding their ideas to successful conclusions. Tony Patti has been named to Who's Who of American Inventors 1990. Patti was featured on "Business in Nevada" PBS program aired May 14, 1998.
The NIA is lucky to have an advocate and resource such as Tony Patti and we encourage all to come to this nuts and bolts sessions on selling your patent.
2001 Officers and Directors
President: Randy Sloan, 747-3711
Vice President: William Torch. 329-4060
Secretary and treasurer: Vince Chemist 677-0123
Sergeant at arms: Floyd Krebs
Program Director: Carol Foldvary-Anderson
Program Director: John Martinson 747-1650
NIA Founder: Don Costar 322-9636
Web master: Vince Chemist 677-O123
Newsletter Editor: Margaret Stewart 787-0314
1. We want to feature inventors who have worked with a relative to get a product on the market. We have stories of parents and kids who've developed a product ... siblings who've worked together. If you've worked with a blood relative to develop and idea and get it to market, let us know! You could be featured in an upcoming issue of Inventors' Digest.
2. We received the following letter from an ID subscriber from England. Does it spark any ideas with you? Dear Inventors Digest, I am writing to (1) offer my most sincere sympathies at the outrageous atrocity your Country suffered from murderous scum, (2) to suggest a "Creativity Crusade" for new devices/products/processes to fight and defeat international terrorists who are also linked to the world drug problem.
As an ongoing competition, which would be most effective if sponsored and backed by the appropriate department of the US government, would actively encourage many readers of Inventors' Digest to contribute positive answers on a regular basis. This "Creativity Crusade" could be launched via your magazine which would act as a conduit to the appropriate dept. of the US Government and then to manufacturers. This would act as a fast track to focus and produce innovative answers to the many problems associated with direct and indirect terrorism of all kinds. Inventors would be encouraged and rewarded by getting their ideas and product onto the market, whilst also showing that creative people of the free world can fight back and save lives.
Ashley Walker,
9, Woodfield House, Rossington St.,
by Andy Gibbs
One or three times a week - some weeks even more often - I'm contacted by inventors who, having been issued their patent, want to know what to do next (actually, they want to know what to do next in order to make money from their patent).
I tell them what I have preached for years: That the value of a patent is determined even before the invention advances to a prototype phase. In other words, if the inventor doesn't know BEFORE he files for his patent precisely how, and to whom, he will be presenting his invention for possible licensing, chances are that he will never successfully commercialize his invention.
If you are in this "I have a patent what do I do next" category, don't despair. Before you follow these next steps, you must face the realization that your invention, for all the investment you have made so far, may simply not have any commercial value. Although following my method of "building value into your patent before you invent" is certainly no guarantee of success, it does provide a valuable basis for evaluating whether you should continue to invest in your idea. If your objective business assessment indicates little possibility of success, you should be prepared to walk away from your investment and move on to the next one.
Read the full story in
www.cafezine.com
THE Inventors Master Plan, THE Inventors Resource Guide 2001 and THE Inventors Journal.
These books were explicitly created to provide novice inventors with the crucial knowledge essential to successfully bring their new products to the marketplace. This is the "power of education." The UIA, the leading nonprofit educational organization for independent inventors, has been educating inventors since 1990. The "power of education" combined with the "wisdom of evaluation" is a positive first step for all aspiring inventors. To learn more about this stimulating new program see http:// www.uiausa.com/UIAIAP.htm History: According to US Congressional Records, evidence provided on the invention promotion industry in October, 1995 stated, "These fraudulent companies will scam approximately 25,000 aspiring inventors out of approximately $200,000,000 this year alone." Testimony further stated "between 500 and 750 new products and technologies are lost forever each year, because of deceptive invention marketing schemes. It is now estimated that well over a thousand new products and technology are lost each year. For the sake of our national economy, this loss has to stop. Robert Lougher, the Executive Director of the UIA, stated,
"In the year 2000, the UIA committed itself to standardizing and making the progression of inventing user-friendlier.
The Innovation Assessment Program is the first step in that commitment. It is the aim of this program to earn back those estimated over one thousand lost new products and technology."
Page done by Vince Chemist.
Created on December 29 2001
Updated on November 29, 2005