The Nevada INVENTOR
Official newsletter of and by the Nevada Inventor's Association
Volume: XVI No. 5 -Education, Assistance, and Networking for the Inventor- May 2004
Next Meeting: June 25, 2004 9:00 AM Washoe Medical Center Room cr101
Our web site is 'www.nevadainventors.org' Founded in 1988
We are a 501(c)6 group under IRS rules.
The purpose of NIA is to educate inventors and potential inventors through whatever means available, including regular meeting, classes, seminars, workshops, and evaluations, within NIA or in cooperation with other persons or organizations. The education of inventors, or potential inventors, may also include the publishing of written materials, such as a regularly published newsletter, flyers, notices, or letters.
Additional goals of NIA are to inform its members of private, civic, governmental, and public resources which may be of assistance to inventors; to promote a positive public image of inventors; to provide for its members a referral/resource directory; and to furnish assistance to its members, whenever possible, by directing their efforts toward the successful development of their inventions.
Next meeting May 28, 2005 9:00 a.m., Washoe Medical Center Rm.# CR 101. The board meets at 7:30 A.M. Cafeteria on regular meeting days in order to plan the following month's agenda and other business. All members are welcome to attend.
2 Don suggested the money (when funded) be managed by a licensed and bonded Trust Company. For approx. S2,000 per year the trust company to handle the money and fee to handle the money end file necessary reports to the IRS and/or any other agency involved. That is tentatively approved pending a vote at the next meeting.
3. There was some discussion about whether to request one grant for the Upgrading of NM operations to increase the public presence, and one separate grant for commercializing an invention. Conclusion was to leave it as is - no change.
4. The discussion of the Concept Statement" resumed in suggested changes in the phraseology, and George undertook the task of rewriting it. He will present it in the form of a 'Transmittal letter-forwarded to all committee members next week or two.
5. Don suggested that we consider increasing the size of the steenng committee to include some of the additional thinkers in the NIA piles not to over look any members of the legal profession, engineers, or female members. No response-still pending.
6. The discussion of the proposed budget for utilizing the grant funds under request resulted in a considerable increase in the amount of money projected to accomplish our goals. The suggested new three year program budget list is as follows: 1. Secure Library Cart $ 2,000 2. Books, CD's, Video tapes, periodicals (lending library) $1 ,000 3. Cost of Newsletter ($3,600 per year) 10,800 4. Marketability assessment (10 @ $250 ea) 2,500 5. Yellow Pages ad, w/answering service 5,580 6. New Membership packet (100 @} $30) 3,000 7. Mailing brochure (5.000 @1.50 incl. postage) 2,500 8. Invention - concept to patent 20,000 9. Invention-marketing 20,000 10. Computer projection equipment for lectures 3,500 11. Trust account for managing finances ($2,000 per year) 6.000 Estimated grant request $ 76,880 Date and Time of next meeting to be announced. Don Costar, Chairman, Grant request steering committee
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