Many people dream of becoming an inventor, but very few know how to make money from their inventions. Inventing For Dummies takes the invention out of the patent office and into the marketplace, providing step-by-step guidance in selling, licensing, manufacturing, and marketing the processes and products that result from invention. The book will include information on intellectual property laws, getting and strengthening patents, trademarking and registering copyright, going global, commercializing ideas, prototyping, evaluating your product, creating a business, subcontracting, confidentiality, licensing, royalties, marketing and more.
Book Details:
- Author: Pamela Riddle Bird
- ISBN: 9780764542312
- Year Published: 2004
- Pages: 384
- BISAC: BUS025000, BUSINESS & ECONOMICS/Entrepreneurship
About the Book and Topic:
Many people dream of becoming an inventor, but very few know how to make money from their inventions. Inventing For Dummies takes the invention out of the patent office and into the marketplace, providing step-by-step guidance in selling, licensing, manufacturing, and marketing the processes and products that result from invention. The book will include information on intellectual property laws, getting and strengthening patents, trademarking and registering copyright, going global, commercializing ideas, prototyping, evaluating your product, creating a business, subcontracting, confidentiality, licensing, royalties, marketing and more.
The U.S. Patent and Trademark Office receives about 300,000 new applications for patents each year, but only 2% of these are successfully developed and marketed. Although corporations and businesses account for many patents obtained from the U.S. Patent and Trademark Office, about 27% annually come from individual inventors, many with no idea how to properly manufacture, market, and sell their invention. In 2001, there was a 25% increase in trademark applications over those received in 2000.
About the Author
Pamela Riddle Bird is the Founder and Chief Executive Officer of Innovative Product Technologies, Inc. (IPT, Inc.), a product and technology based market commercialization corporation located in Gainesville, FL with a Northwest branch location in Sandpoint, Idaho. Board of Advisors to this company include: Mr. Lloyd Bell, physicist and former advisor to Mr. J. Louis Reynolds (Reynolds Aluminum) and Mr. Kenneth Parker (Parker Pens); Dr. Forrest M. Bird, inventor of the respirator and Inductee into the Inventors Hall of Fame; Dr. Robert Cade, inventor of Gatorade with worldwide sales of $1.25 billion annually; Dr. Jay Morton, Scriptwriter of Superman, Inventor of the “Pop-Top” aluminum can; Mr. Harris Rosen, successful hotelier and entrepreneur; Mr. Ed Shadd, a member of the development team that created the UPC bar coding system; Mr. John Weber, founder and former CEO of Monchik-Weber Corporation–sold to McGraw-Hill in 1984, and Mr. Philip Bart, developer and manufacturer of the Cabbage Patch doll. As the CEO and President of Innovative Technologies, Inc., she has developed a strategic relationship with the Wal-Mart Inventors Network (WIN) to be a lead entity to review new products and inventions.