How to License Your Invention for Royalties
How to License Your Invention for Royalties This page was created to help inventors understand invention licensing and royalties. We’ve included a video, an infographic, an example, and an invention royalty calculator to help you understand this process better. When you obtain patent protection on your invention, it is similar to owning Real Estate Property such as a house. In […]
How Much Does A Patent Cost?
How Much Does A Patent Cost? In working and being around inventors for the past 20 years, the most common question that every inventor wants to know right away of course is: How much does a Patent cost? This is a completely reasonable question because you know that you have a great idea, spent time to […]
What Is A Patent
What Is A Patent https://youtu.be/cnQpnoe2AtU Everybody has heard of a patent. If you’ve ever mentioned to someone that you had an amazing new invention that was sure to sell millions, undoubtedly someone has told you that you need to get a patent. But what really is a patent and will this patent protect you and […]
The Art of Storytelling and Product Sales
The Art of Storytelling When starting an enterprise, most business owners have to think of ways to get people into their stores. If you have an online business, it boils down to the same thing: How to drive traffic to your website so that potential customers will buy something? The only effective way to introduce […]
What Is A Utility Patent?
What is a Utility Patent? https://youtu.be/nHwXh8lOacI A utility patent is one of several types of patents you may be able to obtain if you plan to create and build an invention. This specific type of patent is important for the invention of something new or a significant improvement on an existing product. It can also […]
How Licensing an Invention Works
How Licensing an Invention Works A winning invention – a truly innovative creation that solves an important problem for people in need – is a major accomplishment. The time and energy that goes into a successful product are immense, especially when you’re focused on adding as much value as possible. But now what? Once you’ve […]
Patent Infringement
Patent Infringement They were called “patent pirates” in the 1840s for good reason. They infringed on a patent and refused to acknowledge the priority of the inventor. Knowingly, they infringed on a patent. In 1848, Samuel Morse, inventor of the telegraph, complained to a friend in a letter, “all my time has been occupied in […]
Inventors that Said "No Thanks" to Shark Tank
Shark Tank Setting the Stage January 2013, ABC-TV hit show Shark Tank where inventors pitch their ideas to five multi-millionaire Sharks for funding. In this episode the inventors are husband and wife, Steven Sashen and Lena Phoenix. The invention is a new type of running sandals to tap into the new fad of barefoot running. […]
Tradeshow Myths
Tradeshow Myths Invention Myth #1: Inventors and Tradeshows The first myth in this series is one I hear all the time, and can be the most painful lesson for a first time inventor, which is the need to exhibit an invention at a tradeshow. Inventors are absolutely convinced that exhibiting their product at a tradeshow […]
Patent Pending or Patented?
Patent Pending or Patented? Navigating patent law is among the most frustrating parts of being an inventor. Many great ideas make it from conception to reality, only to be dragged down by the patent process. Despite the logistical roadblocks involved in seeking a patent, patent protection is necessary to safeguard your idea as your own. […]
