Category Archives: Edison Nation

From G1-G8: Mastering Stages 1, 2 and 3 of the Invention Submission Process

It happens to everyone…you’re driving to work, you’re walking through a store looking for that one thing you can’t find anywhere, you wake up from a dream, you’re in the shower and BING! You’ve got an idea.

BING

It’s an awesome idea and you know just where you share it…Edison Nation. So you log in, you perfect your invention submission online and you hit “Submit”! And then it starts, the curiosity, sometimes the anxiety, the endless logging in, the nail-biting…what’s happening now?

Allow us to help you relax, well, a little. This is the first installment of a blog series where we give you a look into what happens when your idea is shared with the Edison Nation review team. In this post, we’ll look at Stages 1-3.

Back to our story…once you click “Submit”, your idea is now live in Edison Nation’s secure system and is visible to us. The idea will appear on your Dashboard and you’ll see your first green check – you’re at G1 (green at Stage 1)!

How do you get to that check mark at Stage 2? Make sure your idea fits the search description. Read and gain an expert understanding of the search landing page. Familiarize yourself with the search sponsor to ensure your product idea would be a great fit for a their product line. For example, if the search is for an innovation in tool storage, do not submit a bathroom organizer.

If you meet all the requirements of the search, you’re now a G2 (green at Stage 2) and onto Stage 3! In Stage 3, we’re going through your submission section by section to understand your idea and ensure it is unique and innovative.

Remember, first impressions are important. When you submit your idea, make sure it is complete and ready for review. Once submitted, at least one person from the review team will be reading it within 24-48 hours of your submission. We should be able to understand your idea quickly and easily.

Once we have familiarized ourselves with your idea, we complete preliminary research to find potential competitors. As the majority of innovative ideas are improvements on existing products, the details you provide in your submission should address why your idea is better than potential competitors in the space.

Research, research, research!

Use a search engine to look for similar products. Search for different variations of the product title, function and benefit to ensure your considering all potential competing products. If your idea stands out from the crowd following our initial review, you’ll see that third check on your Dashboard and you’re onto Stage 4!


The next installment of this series will take a deep dive into what it takes to achieve that elusive “G4”…

 

 


 

 Have you ever thought, “wouldn’t it be cool if…”?

License Product License product License product

We exist to get product ideas out of your head and onto retail shelves, all at no risk to you.

Second Invention Idea Licensed from Ellery Homestyles Innovation Search

Edison Nation invention  Avatar

We’re excited to announce that a second licensing deal has been signed from the Ellery Homestyles Innovation Search we hosted last fall. To remind, Ellery Homestyles is a leading supplier of branded and private label home fashion products, which are sold in major retailers such as Walmart, Target, Bed Bath & Beyond, JCP and Kohl’s. We have already announced that Elizabeth Crouch’s idea was also selected by Ellery in the same search search back in September.

Daniel Moskal came up with his invention idea specifically for the Victoria’s Classics Innovation Search held earlier that year. While it was presented to the sponsor at G7, it unfortunately was not selected. Taking his Insider feedback to heart, Daniel’s idea was later opted into the Ellery Homestyles search with much better fate.

Daniel, who describes himself as the “last person you want decorating your home,” challenged himself to step out of his comfort zone and come up with several ideas for the search. He first identified a strong problem and then thought about potential ways to solve it while considering the perspectives of consumer, manufacturers and distributors:

“[You have to] put yourself in the shoes of the customer. Are you solving a problem in a way that motivates consumers to change their way of doing things and part with their money? Put yourself in the shoes of the manufacturer and distributor, does your idea fit into their existing product line? Does the cost allow for a good profit? Is it strong enough for them to focus on your invention over other profit opportunities?

While we’re excited to disclose that Daniel’s idea will improve the way we decorate, we are still working to develop and patent it. As is customary when licensing deals are signed, we protect the intellectual property of the inventor and the licensor until it is patented. Until we are able to announce more details, be sure to stay tuned to our Facebook and Twitter accounts for updates.

“If you are going to succeed as an inventor, you are going to fail again and again along this path. Like many members, I had spent tens of thousands on lawyers and prototypes while trying to develop unsuccessful inventions on my own. Edison Nation enables you to fail for $20 and the community that comes with EN increases the quality of the learning experience.”  – Daniel Moskal

Congratulations, Daniel!


 

 Have you ever thought, “wouldn’t it be cool if…”?

License Product License product License product

We exist to get product ideas out of your head and onto retail shelves, all at no risk to you.

Edison Nation Inventors “Pitch the Hill” to Showcase American Innovation

Patent litigation

As you may know, Edison Nation has been a key player in fighting for the rights of independent inventors. Last year, Edison Nation was instrumental in ensuring the voice of independent inventors was heard, resulting in Senator Leahy dropping proposed patent legislation that favored large corporations over legitimate patent holders. In addition, Edison Nation CEO, Louis Foreman, has been called on, multiple times, to brief the House and Senate Judiciary Committees on legislation related to the U.S. patent system.

In a continued effort to raise awareness for the rights of independent inventors, seven Edison Nation inventors recently traveled to Washington, D.C. to pitch their invention ideas to a panel of investors on Capitol Hill and demonstrate just how important independent inventors are to the fabric of our country. Members of Congress and government officials were present throughout the event to learn firsthand the vital role independent inventors play to the U.S. economy.

Unfortunately, “snowpocalypse” (no more than an inch of slush) forced Charlotte airport closures the morning of the event and Louis, as well as the Edison Nation team, were unable to join the crew in Washington, D.C. Fellow Edison Nation member and accomplished inventor, Eric Huber, rose to the occasion in absence of Louis Foreman to speak on his behalf on a panel of speakers. Despite our absence our group did a great job representing Edison Nation, independent inventors and the spirit of American innovation!

 

inventor help
Edison Nation members prepare to showcase their inventions

 

Washington D.C.
Eric Huber stands in front of Capitol Hill

patent legislation
Pitching and exhibition took place in the historical Kennedy Caucus Room of the Russell Senate Building

Inventor speaking 

Eric-Panel
Eric Huber fills in on the panel for Edison Nation CEO, Louis Foreman, to represent the voice of U.S. independent inventors

 

Capitol Hill
Edison Nation inventors prepare for pitching and exhibition in the Russell Senate building

 


 

 Have you ever thought, “wouldn’t it be cool if…”?

License Product License product License product

We exist to get product ideas out of your head and onto retail shelves, all at no risk to you.

Meet the EN Team: Mike Irwin

 

Mike Irwin

As an online community and innovation marketplace, you can imagine there is a lot of necessary web upkeep. Lucky for us, we have our newest Web Developer, Mike Irwin, to understand what MVC frameworks, jQuery and AngularJS are so the rest of us don’t have to.

Q1. What is your position and what does it entail?

A. Web Developer. I’m helping to make edisonnation.com and edisonnationmedical.com more awesome.

Q2. What do you enjoy most about working at Edison Nation?

A. The people. This place is teeming with good folks. I like that.

Q3. If you could be doing anything else right this moment, what would it be?

A. Playing music.

Q4. What’s your hidden talent?

A. I’m a classically trained percussionist, an ex-amateur boxer and I make a mean pot of coffee.

Q5. As a child, what did you want to be when you grew up?

A. Astronaut, cowboy, Wolverine.

Q6. If you could experience someone else’s life for just one day, who would it be?

A. A blind person. I’m curious to know what it would be like to experience the world by having to rely on my other senses since vision is such an overwhelmingly powerful sense. I’d like to “see” what it’s like to not be able to depend on my eyes so much. Closing my eyes doesn’t count since it’s too easy to cheat.

Q7. Who are you often told is your doppelganger?

A. Glen Hansard, that devilishly handsome lad from the Emerald Isle.

Q8. You’re only allowed to eat one food for the rest of your life. What would you choose?

A. Sushi. Any kind as long as it’s fresh.

Q9. What’s a goal you’re most proud of accomplishing?

A. Getting to travel to many places around the world, whether on tour or just for fun.

Q10. What do you think is the greatest invention in your lifetime and why?

A. Easy. The web. It puts most of the world’s knowledge at our fingertips, helps level the playing field for anyone that wants to play, gives a microphone to anyone that wants to be heard and generally makes our big world much smaller.

 

Want to meet other members of our staff? Catch up on past Meet the EN Team posts!


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Inventing 101: Terminology Inventors Should Know

Invent word cloud

The inventing process can be a daunting one, for veterans and newbies alike. All the industry jargon, legal vocabulary and technical terms can be confusing and detract you from understanding important inventing processes and guidelines and leave you feeling overwhelmed.

At Edison Nation, we try to remove as many barriers as possible that stand between inventors with great ideas and companies looking for innovation to expand their product lines. Even though we make it as simple as submitting an idea to an innovation search, there may be times that you come across confusing concepts or convoluted terminology in search descriptions or our inventor forums that you aren’t familiar with.

Here’s an A-Z glossary of inventing terms for you to bookmark and reference when you need a little help. The list is in alphabetical order, but we also suggest using your browsers ‘find’ feature by pressing command + F on a Mac or cntrl + F on a PC to search for a particular term as it is very long!

 

3-D printer – Utilizing CAD drawing input the printer makes a 3-D solid model of the design.

 

Add-on – A product or service added to the main product to increase interest and sales in the main product.

 

Abandonment – In regards to patent law, the reply of an applicant to an office action that must be made within a prescribed time limit. If no reply is received within the time period, the application may be considered, depending on the jurisdiction, as abandoned or deemed to be withdrawn, and, therefore, no longer pending.

 

Adjusted Gross Revenue (AGR) – The revenue left after costs such as charge backs, spoilage, damages, returns and allowances are deducted from the profits.

 

Advanced Shipping Notice (ASN) – A document sent to the customer letting them know detailed information about their order such as the weight, number of boxes, how the product is packaged and how it is being shipped.

 

After Market – Parts/accessories that were not originally installed or they can be replacement parts for the original parts. EXAMPLE: Various car accessory kits available for purchase that were not original equipment when it was made.

 

Annuity Fee – Fee to be paid to maintain a patent application in force. Also called “maintenance fee” or “renewal fee”.

 

As Built Drawings – A set of drawings showing all the changes made during the construction phase of the product. These normally show the exact dimensions and positions of all the parts making up the product.

 

Bill of Materials (BOM) – A comprehensive list of the various materials, components, sub-components, and quantities of each component needed to manufacture the finished product.

 

Blister Pack- A clear or lightly-tinted piece of molded plastic attached to a cardboard backing used to display the product to the consumer. a/k/a “Bubble Pack”

 

Blow Molding – Method for making a product that requires a hollow space. Used for items such as bottles, cans, containers, jars, etc. The process normally uses two heated internal surfaces of a two piece mold, hot plastic and compressed air to make the product/part.

 

Branding - Method used to promote the product to the consumer. A proper branding campaign can be more effective than patenting to protect a product from knockoffs.

 

Business plan- Documents that summarize how the company will be structured operate, and how money contributed by investors will be used. It gives an investor an overall view of the company and the projected milestones they will meet and the proposed profit the company and the investor is projected to attain.

 

Buy Back – A provision in a contract where the seller agrees to buy back the merchandise for a certain price after being sold to the retailer if it arrives damaged, unsellable, customer returns, late shipment (such as a holiday item that arrives after the holiday) and other issues that the two parties have negotiated into the contract.

 

Canadian Standards Association (CSA) – recognized by OSHA (Occupational Safety Health Association) as a Nationally Recognized Testing Laboratory that tests products and if they pass testing, the CSA symbol/logo can be shown on the product indicating certification. CSA is very familiar with U.S. requirements.

 

Claim – A noun phrase defining the extent of the protection conferred by a patent, or the extent of protection sought in a patent application.

 

Clam Shell Packaging – is a container that can be clear or tinted that has two halves that come together to form the enclosure to hold the product.

 

Cold calling – Contacting a company for the first time to pitch an idea/product without knowing anyone within the company.

 

Commission of Europe (CE) – The CE mark is used to certify a product has met the European Union health, safety and environmental requirements that ensure workplace and consumer safety. If a manufacturer wants to sell their product throughout Europe they need this CE mark to avoid having to go through further product modifications from other European countries.

 

Computer Aided Designs (CAD) – Designs generated by the designer using computer software depicting the object so that it can be machined, tested, give specific dimensions, material specifications and more to aid in the production of the object.

 

Computerized Numerical Control (CNC) – Automated controls guide machines and varying tools to do the job that used to be done manually. A number of these machines use Computer Aided Designs (CAD) or Computer Aided Manufacturing (CAM) written programs to run the commands to operate the machinery.

 

Copycats/knockoffs – A product that is built similar to the original and is in direct competition with the original product. It may also be in violation of the original product’s patent. The term for this violation is called infringement.

 

Copyright – A form of protection provided to the authors producing original works. Normally designated by a ©.

 

Consumable – A product used by consumers or businesses that have to be replaced regularly. EXAMPLES: Paper products, foods, fuels, and more.

 

Cost of Goods (COG) – The total cost attributed to the production of the product sold by the company including the material and labor costs.

 

Declaration of non-infringement – A declaration obtained from a court that one’s actions do not infringe a particular patent. An action for a declaration of non-infringement may be brought before a court as a preventive measure prior to being sued by a patent proprietor.

 

Deliverables – Something specified to be accomplished or met in a contract.

 

Demand letter – A letter sent to a company “seeking royalties and threatening legal action for patent infringement.” Also called a “threat letter”.

 

Die casting – A process of metal forming where molten metal is forced into a mold/form and put under pressure to fill all the cavities to produce a part or object.

 

Direct Response (DR) – Method of selling a product to consumers via television direct purchase.

 

Discrete Manufacturing - A product is accounted for by distinct serial numbers, distinct amount of units, instead of accounting for production by weight or volume as in some other processes.

 

Display costs – The cost of a display holding a product divided by the amount of units it will hold. EXAMPLE: If a display will hold 40 units each unit is 1/40th the cost of the display.

 

Distribution Center (DC) – Location used for receiving, redistribution, and sometimes temporary storage of goods. a/k/a “Branch Warehouse” or “Distribution Warehouse”

 

Divisional patent application – A type of patent application which contains matter from a previously-filed application. Also referred to simply as “divisional application”.

 

Double Patenting – The protection of one single invention by two patents usually owned by the same proprietor.

 

Drop Shipping – Sending product directly from the manufacturer to a retailer’s stores.

 

Due Diligence – Time period where the company interested in possibly licensing a product does their research into that products market share, cost, return on investment, profit margin, manufacturing process and more before deciding to make an offer on the product offered for licensing.

 

Durable goods – A product with a longer life span than consumables such as computers, phones, furniture, electronics and automobiles.

 

Elasticity of Demand – An increase in sales as a product price drops and a decrease in sales if the price rises.

 

Electrical Testing Lab (ETL) – They are recognized by OSHA (Occupational Safety Health Association) as a Nationally Recognized Testing Laboratory that tests products and if they pass testing, the ETL symbol/logo can be shown on the product to indicate certification. They are known for having a lower cost structure than UL certification and quicker turnaround through their process.

 

Embodiment – In a patent or patent application, “a specific combination of features or a specific mode of carrying out the invention, by contrast to a more abstract definition of features which can be carried out in more than one way.

 

Essential patent - A patent claiming an invention that is required to implement a given industry standard. 

 

European Article Numbering (EAN) – Standardized 13 digit bar code system for identifying almost anything. The EAN code is compatible with the UPC.

 

Exclusivity - An agreement between the inventor and the company stating that the company will be the only party entitled to manufacture and sell a product. It is normally written for one market or all markets for the life of the contract.

 

Exploded View – Drawing showing the product disassembled so that the viewer can see the relationship of all the parts to each other. These are also used to in owner manuals to help the consumer order new parts.

 

Field-of-use limitation – A provision in a patent license that limits the scope of what the patent owner authorizes a manufacturing licensee (that is, a licensee that manufactures a patented product or performs a patented process) to do in relation to the patent, by specifying a defined field of permissible operation or specifying fields from which the licensee is excluded.

 

Filing date – The filing date of a patent application is the date the patent application was filed in one or more patent offices. That date is typically the date on which the documents are deposited at the office, but may be later if there are defects in the documents. If a patent application is mailed to the USPTO by Express Mail, Post Office to Addressee, then the date the application was deposited in the post office is the filing date

 

First to file – A legal concept in which the right to a patent for an invention is determined by the first person to file for a patent to protect that invention.

 

First to invent – A legal concept in which the right to a patent for an invention is determined by the first person to make that invention.

 

First Right of Refusal – When an Inventor or company has a written contract stating that they will allow company X to see all ideas they design first and they will not send them out until written notice is given that company X has no interest in that product/idea. This is done prior to sending them out to other companies for review. There can be a clause in the contract that says they have first right of refusal for products in a certain market and all others are free to pursue elsewhere.

 

Footprint – The amount of space a product will take up on the store shelf or on the store floor as a display.

 

Free on Board or Freight on Board (FOB) – Which party (the seller or the buyer) pays for shipment and loading costs.

 

Fulfillment - The distribution process of moving products from the factory to the retailer, managing sales, and collection and distribution of funds.

 

Gap in the market (or Gap Analysis) – A void in the market that has potential customers and no one is serving a need/service. These gaps can be opportunities for companies or individuals to grab a customer base and expand their reach into the market place.

 

Garbage-in Garbage-out (GIGO) – Data/research is only as good as the information source it was gathered from

in the first place. Faulty information will yield a faulty final analysis.

 

Hold Harmless Clause – A section in a contract/agreement that states one or both parties agree not to hold the other party liable/responsible for damages or other issues that may arise. These issues are normally stated in the agreement upon which they both agree.

 

Hook – The main feature/function a product has that will make a consumer see value in having the product. EXAMPLE: Saves time, saves money, does the task faster, easier than other product.

 

IGES – Neutral file format used to transfer files between various CAD software. Editing this type of file is normally not available because the history tree is unavailable in this format.

 

Indemnify – Contractual term protecting a person or company against damage or loss.

 

Indirect Infringement – When a patent is infringed by some party other than the one actually directly engaged in the infringement of the invention, but the original party is the cause of the infringement. For instance, when a third party supplies a product which is intended to be used, or can only be reasonably used or worked upon to make the device claimed in a patent.

 

Industrial Applicability – A requirement of many patent systems, requiring that an invention be capable of industrial applicability in order for a patent to be granted for that invention.

 

Industrial Design (ID) – A division of a product development/manufacturing company. EXAMPLE: You will sometimes hear companies say “We will have our ID department look it over. Or “It is in review with ID”

 

Industry Standards – Criteria within an industry that sets the rules used for day to day operations.

 

Injection Molding - Method similar to Blow Molding except you are squeezing the mold under high pressure. Molds are normally made from ceramic, steel or aluminum and used to make solid objects. Where Blow Molding objects are normally hollow inside.

 

Innovation Patent – A type of patent in some countries used for inventions that have a short commercial life or that offers a comparatively small advance over existing technology. It often has a shorter term of protection.

 

Intrinsic value – This is the price you see on a good or service based on its demand and availability. It does not reflect the quality of the good or service. Which means just because it costs a lot or a little doesn’t mean it is good or cheap.

 

Intuitive Use – If how a product functions is easily understood. Questions to answer:  Does the consumer understand the purpose of the toy, tool, product by just seeing it or is there a learning curve involved? Will it need a commercial built around it, specific packaging detailing how it is to be used, will it require an onsite video playing to get the consumers attention to the products value?

 

Invention Disclosure – A confidential document written by a scientist or engineer for use by a company’s patent department, or by an external patent attorney, to determine whether patent protection should be sought for the described invention.

 

Inventive Step – A patentability requirement according to which an invention should be sufficiently inventive, i.e. non-obvious, in order to be patented.

 

Investor/Angel Investor - Person(s) or group that invests money for the development and production of an idea/product. This investment is for a portion/ownership of the company/product.

 

Kill Fee – Amount paid for services rendered if the deal/contract is cancelled.

 

KISS method (Keep It Simple Stupid) – Taking a look at any project, process, idea and finding the simplest and most direct path.

 

Landed Cost – The total amount it costs of a landed shipment that includes freight, insurance, port fees, purchase price and any other costs that might be incurred to bring the product to the final port of destination.

 

Large Entity – In United States patent law, one of the available applicant’s status, along with the “small entity” status and the “micro entity” status.

 

Letter of intent or MOU (Memorandum of Understanding) – Either document is used to state each party’s intent and course of action to meet a common goal. These documents are normally followed by a formal contract between the two parties once everyone is in agreement.

 

Liability risk – The risk associated with liability for a product purchased by an individual that may cause or has caused damages to those owning the product. Most companies try to avoid these issues by proper design, testing and quality control of the product. Companies can purchase insurance to help defer the costs of lawsuits which may arise from liability issues.

 

License – A contract wherein a party (the “licensor”) grants to another party (the “licensee”) the authorization to use an invention which is subject to a patent, generally in exchange of a financial compensation, the royalties.

 

Licensing agent or Broker – A person that represents an inventor and their product to possible investors, manufacturers, and licensing companies. They get a percentage of the royalties of any licensing deal accepted as part of their services.

 

Licensing Agreement – Document stating the terms of payment both parties agree to for licensing the product. These include, minimums, advances, royalties, payment schedule, length of contract and assigned rights.

 

Licensing Evaluation/Review – When a company takes the time to consider adding a new product to their product line. During this time the company evaluates the cost to bring the product to market and if it can be done at a profit.

 

Like for like sales – Process where this year’s sales figures are compared against last year’s sales figures to determine which products within the product line moved better than the others.

 

Limitation of liability – A disclaimer within contract detailing the conditions/limits under which the disclaiming party can be held liable for damages or loss.

 

Line Extension (sometimes called Brand Extension) – Adding new products to an existing brand and hoping that the existing name recognition will help fuel sales and exposure of the new products.

 

Line Review – When a company is showing their product line to a retail chain in hopes of either establishing a line of products within that retail chain or expanding the current line they have within that chain already.

 

Line Sheet – A breakdown about the product being sold provided to the retailer outlining the minimum quantities needed per order, the price per unit, a photo of the product, if they come in varying colors or sizes, discounts for orders over a certain volume, what are your best sellers, payment terms, lead time on orders, shipping method, damage and return policy.

 

Maintenance Fee – A fee to be paid to maintain a patent or a patent application in force. Also called “annuity fee” or “renewal fee”.

 

Manufacture Gross Profit (MGP) – The difference between the development price and the wholesale price.

 

Manufacturer’s Break Strength (MBS) – Point at which the product will most likely fail. There are many variations of this break point depending on the materials used and the product itself. EXAMPLE: The break point for a rope is different than the break point for an audio speaker. Each has its own set of parameters at which it will fail.

 

Manufacturing Broker – Person, company or group that will find a factory to manufacture your parts or product and takes a direct fee, or percentage of each unit made as payment.

 

Margin – The difference of the cost price of a product/service and the selling price of that product/service.

 

Market share – The percentage share a company has of total sales within a given market.

 

Milestone – A scheduled accomplishment that is met within a project. This can be a deliverable event in a contract or a process/project. Most milestones are measureable and observable and are one portion of a series of milestones to end with the completion of the project.

 

Minimum Order Quantity (MOQ) – The minimum amount of product that has to be ordered to get the product and the manufacturer to make a profit.

 

Minimum royalty payment – The lowest amount per the contract the inventor will receive quarterly in royalties no matter how many units of the product are sold.

 

Minimums - Clause in the contract that states whether a product sells X-amount units or not, the inventor still gets paid X-amount per year.

 

Misdirected perception in packaging (also involves perceived value) – When the consumer feels they are getting more for their money by making the packaging bigger. EXAMPLE: Potato chips are sold by weight not volume, but the larger bag makes the customer think there is more inside until the bag is opened.

 

Multi-Brand Strategy – This is the practice of marketing a number of competing products by the same company but using different brands to compete against each other. This allows the company to gain more shelf space and keep others limited to smaller shelf space. It also makes it look like there are more players in that space than there really are which can give the impression to the consumer this is a need product. The company hopes it gets the consumer thinking “Why else would there be so many choices if it wasn’t something a lot of people are using”.

 

Non-Disclosure (NDA) – A document that both parties signs agreeing to keep any information discussed or shown confidential. Each party must get a signed original for their records of the document.

 

Non-exclusive – An agreement that the company has the right to manufacture and sell a product, but the inventor is still able to make the same agreement with other companies.

 

Non-obviousness – A patentability requirement according to which an invention should not be obvious to a “person having ordinary skill in the art”, in order to be patented.

 

Non-provisional patent application – A United States patent application that is not a provisional application. A complete non-provisional application differs from a provisional in that a non-provisional must contain at least one claim and is to be examined. A non-provisional application may also claim priority to a prior filed application, which is not permitted with provisional applications.

 

Novelty – A patentability requirement according to which an invention is not patentable if it was already known before the date of filing.

 

Oblique Drawing – A three dimensional drawing of the object that can be used by the inventor or a business to showcase the product and its features.

 

Office Action – In regards to patents, a formal report from a Patent Office examiner to an inventor or attorney detailing which claims in a patent application were allowed for later issue (publication) in a patent and which claims were rejected. The examiner gives reasons for allowance or rejection.

 

Off-Shore – Generally referencing manufacturing done outside the United States.

 

Operation Cost Target (OCT) – The max amount a company will spend on a particular project. This usually covers the material, labor and overhead associated with the project to make final completion.

 

Original Equipment by Manufacturer (OEM) – Producer of the end product. EXAMPLE: The motor for a car that was originally installed at the facility where the car was built.

 

Patent - An issued document by the U.S Patent Office that the patent claim(s) has been recognized by the U.S. government and that the patent holder owns that claim. It helps protect rights to that unique patent and claim.

 

Patent Agent - Works with the product developer/Inventor to negotiate patent agreements. Does similar work as the Patent attorney, but is normally not a lawyer.

 

Patent Application – Documentation submitted to the USPTO by an inventor as a request to be the sole owner of an idea or invention’s patent. The application will include elements of a patent which may also be modified during the application process approval.

 

Patent Attorney – Writes patent claims, researches the patent, and works to help the client obtain a patent on their idea/product.

 

Patent Infringement – Commercially exploiting an invention claimed in a patent without permission of the patentee.

 

Patent Pending – A warning that a patent application has been filed for an invention integrated in a product. The warning indicates that the applicant(s) may be entitled to some rights even if a patent has not been granted yet, or that the applicant(s) will be entitled to some rights once a patent is granted.

 

Patent Search - A search done by a patent lawyer or patenting firm to see if any other patent has been issued on the same or similar concept being considered. Any claims similar to the product idea will have to be addressed and rebuttal as to why the idea is unique from the patent issued.

 

Patent Troll – A person or company who enforces patent rights against accused infringers in an attempt to collect licensing fees, but does not manufacture products or supply services based upon the patents in question.

 

Patentability – A set of substantive requirements for a patent to be granted. An invention satisfying these requirements is said to be patentable.

 

Patentee – One to whom a patent was granted. Also called “patent holder” or “patent proprietor”.

 

Perceived Value - What a consumer sees as value that prompts them to buy one product over the other.

 

Plan-o-gram (POG) – A drawn plan that designates the placement/ location of the product on the stores shelves. These plans are normally prepared by the corporate office for the store/retail chain for its employees to follow.

 

Polyethylene (PE) – One of the most commonly used plastics. It can be found in plastic bags, plastic containers, bottles and more. a/k/a “Polythene”

 

Polypropylene (PP) – A thermoplastic used in a wide array of products such as plastic containers, plastic parts, various packaging and more. a/k/a “Polypropene”

 

Prior Art - Material publicly available prior to the priority date of an application which may anticipate the subject of and prevent the grant of a patent.

 

Product Adaptation – Making improvements/modifications to an existing product to make it stand out from the others currently on the market.

 

Product Development – Normally consists of a business, a division of a company or companies that work on all or a single branch of the process that has dealings with design, innovation/creation and marketing of new products.

 

Product Launch – Date the company plans to have the product on store shelves available to consumers.

 

Product Line – A collection of products produced by one company for sale for profit.

 

Product Placement – A method of getting product expose/publicity by having the product used in something the public sees such as advertisement, media events, celebrity endorsement, used in a movie or TV by the actors or placed in view in the background.

 

Product Search – A company that holds an innovation search for a sponsor/company looking for innovation in a particular area. It can also be the process of doing a search to see if a product already exists within the market place.

 

Proof of Concept – The ability to demonstrate via a prototype, engineering model, 3-D animation, etc. that the product actually will work as claimed.

 

Prototype - Functional model that can demonstrate a product’s features. It can be crude to manufacture ready in quality.

 

Provisional Patent Application (PPA) – An inexpensive method to file a “holding spot” with the patent office for one year on an idea. During that one year, a full patent application needs to be filed.

 

Public Pair (Patent Application Information Retrieval) – A great resource for finding out if maintenance fees are current or the patent has lapsed. Gives information on issued or published patent application status (http://portal.uspto.gov/pair/PublicPair).

 

Quick Response Bar Code (QR Barcode) – A two-dimensional bar code that is inside a square block and can be read by most Smart Phones. It is associated with a link to a website, additional information, phone number, text, video and wide variety of other information. They are very commonplace outside the U.S. and gaining popularity within the U.S.

 

Radio-Frequency Identification (RFID) – The wireless non-contact use of radio-frequency electromagnetic fields to transfer data.

 

Ready To Assemble (RTA) – Products that require assembly after purchase.

 

Realistic Expectations (in reference to inventing) – Having a good vision of the reality of a situation understanding what cannot and can be done. A good practical understanding of how things work and what can be expected. Knowledgeable of the industry they work within or at least willing to learn how the system works.

 

Repetitive Manufacturing – The process of making the same product during a manufacturing cycle. This normally happens in an assembly line type of environment.

 

Retail Price - Price stores charge the consumer for the product.

 

Retainer or Hold fee - Monetary payment made to inventor to allow company to exclusively keep a product/idea longer for further evaluation or development.

 

Return on investment (ROI) – This is what investors look at before putting in any money. What will the return in profits to them be versus how much they have to put in? This is where they decide what the risk factor is.

 

Running Royalty – A royalty paid to the inventor based on the number of units sold or manufactured instead of a onetime lump sum.

 

Seeding the Market – Placing small amounts of new product in strategic retail locations.

 

Sell sheet – A one or two page document with drawings, and benefit explanations specific to the product. This allows the reader to get a full overview of the product and its marketability.

 

Sell-In – The wholesale price a retailer is given from the manufacturer.

 

Shelf Life – For items such as produce, meats and other items that deteriorate it is the time that the item can remain effective/viable. For other goods it generally means how long they expect it to remain in inventory.

 

Shipping Container – A container that can be sealed and reused normally used to ship product from one country to another via ship or overland by truck or train. They are typically two sizes twenty foot in length and forty foot in length.

 

Small Business Association (SBA) – Organization that helps small businesses with loan programs and mentoring/counseling. They also ensure a certain percentage of federal dollars are expended to small businesses.

 

Small Entity Status – In United States patent law, a status allowing small businesses, independent inventors, and nonprofit organizations to file a patent application and maintain an issued patent for a reduced fee. An entity that does not qualify for small entity status is charged double the fees charged small entities.

 

Spoilage – The number of items broken in a shipment from the factory or fulfillment center to a retailer.

 

Stock Keeping Unit (SKU) – Every SKU is identified with its own unique number tied to a particular item. This helps track product and inventory. These numbers can be tied to the items EAN or UPC.

 

STEP – Neutral file format used to transfer files between various CAD software. Editing this type of file is normally not available because the history tree is unavailable in this format.

 

Subject Matter Expert (SME) - Person that has the most knowledge of a particular subject. In an inventor’s case, they should be that expert on their product.

 

Technical Drawing (TD) – Drawing(s) showing enough detail, dimensions, and notes sufficient for the product’s construction.

 

Test marketing – When a product is exposed to a select sample of the population so the company can get a snapshot of consumer’s reaction to the product. Based on these positive results, they may decide to move forward with the product or reject it before going to a full scale launch of the public. It can also be used to find and fix issues found by the test market group prior to full scale launch.

 

Trade Barrier – The barrier normally imposed by the government on the exchange of international services or products. This can be enacted by tariffs, customs policies, import/export policies, restrictions on licensing, quotas limiting so many of a certain product into the country, technology transfer restrictions and a host of other factors.

 

Trade secret - Know how, confidential information, formula, process that gives the company/individual a competitive advantage and if the know how, confidential information, formula, process is disclosed will harm the company/individual.

 

Trademark – A symbol, name, device or even a word that is used in trade with goods to indicate the source of the goods and to distinguish them from the goods of others. The same name can be used by two different companies because they are in totally different categories of trade. Trademark is what consumers recognize as the brand/insignia of your product/goods. A Service Mark and Trademark are very similar to each other. With the exception that a Service Mark doesn’t apply to products/goods, it only applies to services

 

Turns – How many units of a product can fit on the shelf and how many times you will need to refill it in a year?

 

Unit Cost – Final cost to the manufacturer after adding in all of the associated costs to manufacture. This can include the materials, molds, shipping, taxes, tariffs, employees, etc.

 

Universal Product Code (UPC) – This is normally a 12 digit barcode placed on the item being sold. UPC is used for pricing at the checkout, inventory, sales, ordering stock and a host of other options. (12 in the U.S.; 13 in Europe)

 

Unrealistic Expectations (in reference to inventing) – Unreasonably idealistic in approach and vision of how things really work and what is believed should happen. Inventors who have unrealistic expectations could be deemed impractical and difficult to work with from a company’s perspective. Not knowledgeable of the industry they are working within and feels the industry should bend to their demands.

 

Upfront payment or “advance on royalties” – Payment made prior to the product going to market to the Inventor. Once the product is on the market the Inventor does not receive any royalties until the advance is equaled in royalties paying the company back for the advance.

 

Underwriter’s Laboratory (UL) – They are recognized by OSHA (Occupational Safety Health Association) as a Nationally Recognized Testing Laboratory that tests products and if they pass testing, the UL symbol/logo can be shown on the product to indicate certification. They are known for having very high standards in compliance and do follow-up with companies to ensure they maintain those standards in production.

 

Utility – In regards to patents, a patentability requirement mainly used to prevent the patenting of inoperative devices such as perpetual motion machines.

 

What the Market Will Bear – The top price the consumer will pay before they decide it is too costly for their wants/needs. Example music CDs could sell at $8 and still make a profit but they know consumers are willing to pay $12 and up for their favorite music group.

 

Wholesale Price – The price a company charges for a product normally sold to a retailer. The retailer will then increase the price they paid and sell it to the consumer. NOTE: This is normally the price used when referring to a royalty rate percentage paid per unit in a licensing agreement to an Inventor. It is not to be confused with the Retail Price that is charged to the consumer.

 

Wish List- Some companies will send out a list specifying the areas they want to see new ideas.

 

Work for Hire – Normally a fee paid for services rendered where the person providing the service has no legal ownership of the finished product. EXAMPLE:  A prototype is made by a company. They performed the work but the inventor owns the finished product. If the inventor sells a million of them, the prototype company does not get any further compensation than the fee initially paid for the original service of having the prototype made.


Working Load Limit (WLL) – This is normally the recommended safe area in which the product performs as desired/designed.

InvENtor Spotlight: A Q&A with John Vilardi

The Edison Nation community currently has over 130,000 members. Our members come from all walks of life and all corners of the globe, from innovative moms and craft DIY-ers to rocket scientists and industrial designers. You name it, we’ve got ‘em all, and they all have one thing in common—they have turned to Edison Nation help bring their great ideas to market.

As the Community Manager at Edison Nation, I speak to hundreds of our members, newbies and veterans, each week. I answer questions, provide updates, and interact with you in the forums. But you know what? That’s not enough. Starting this month, I am going to be highlighting one member per month in an Inventor Q&A to give you the opportunity to get to know each other a little bit better and learn from each other’s experiences.

This month, we are kicking off this series with longtime Edison Nation member, John Vilardi.

Inventor

John has been a member of EN since 2008! If you don’t recognize him from his pic and posts within the forums, you may have heard of his collaborations with EN members for 3D design work to bring their ideas to life. 

To name just a few:

Pong game

 

 

Want to learn more about John? Now’s your chance…

 

Where is your hometown?

I grew up in Huntington Station, Long Island, N.Y.

 

Where do you currently reside?

I moved to Leesburg, Florida, eight years ago after meeting my beautiful girlfriend Chrissy.

 

What is your professional background?

Graphic Communications.

 

How did you initially hear about Edison Nation?

A very close friend of mine, Cathy Solich, turned me on to EN and I was hooked from day one.

 

You are an accomplished 3D artist and designer, how did you start in this industry?

I’ve drawn all my life and always was interested in the way things worked. Then came computers and it opened up a whole new world for me. I took classes at The Hendrix Institute in Graphic Communications in 2001: 3D Animation/Modeling, Web Page Design, Photoshop, Adobe Illustrator. 

Right out of school I started working with Billy Tucci, Crusade Fine Arts Comics, illustrator, writer and filmmaker best known for his character, SHI.  He also illustrates for Marvel, and DC Comics. I had the pleasure of working with Mr.Tucci on a short film (Some Trouble of a SeRRious Nature) doing special FX, where he really pushed me to my limits. I also worked with Sol Negrin (Cinematographer for Eddie Murphys film Coming To America) and that’s when I truly fell in love with 3D modeling.

 5 (1)

You have worked with several Edison Nation members to date to help “bring their ideas to life,” how much of an advantage do you see in utilizing 3-D designs over standard sketches/imagery?

They say a picture speaks a thousand words. A 3D model is the next best thing to having the product right there in your hands. A 3D model will demonstrate and educate potential buyers on your invention’s features, functionality and benefits. It’s really all about communicating your idea. Using 3D Modeling to convey your idea to a client is an amazing tool.

 

CAD design

 

Once you connect with an inventor, what is your process?

After signing a Nondisclosure agreement, I try to get as much information about the invention as possible:  pictures, description, similar products on the market. Anything that helps me visualize their idea. Sometimes a phone call or six. LOL! Then the fun part starts. Basic model, trying to work out the mechanics and shape, colors, textures and a lot of emails back and forth.

 

On average, how long do you spend working on each design?

Usually a couple of days. I try to give them just what they need to clearly communicate their idea without going overboard.

 

3D design model

 

What are some trends you have noticed recently?

It seems bell bottoms are making a comeback. Seriously, anything that has to do with pets or cooking seems to be a big hit these days.

 

Do you find that invention ideas come to you or you have to go after them?

It’s different every time. Many times I just see the need for something and I try to work it out.  Lately it’s been difficult for me to come up with anything new when I’m working on so many projects for my clients.

 

What advice would you tell others hoping to score a licensing deal of their own?

Most people who come up with an invention don’t know where to start or who to turn to. Scoring a licensing deal is not really my forte. Helping to produce the best possible visual products to introduce to the industry is. I’m usually hooked up with people that can do a much better job at that then myself (like Edison Nation)!

I’ll take care of the artwork and they can go after the licensing deals. I like to work with a team as long as the team works well together. It’s important that they do their part as much as I do my part. People don’t realize how much work goes into 3D rendering. Licensing a product is a long hard road and most people don’t have the time or resources (like myself). 

After working in the business for 6 years I realize how nice it is to have a company like Edison Nation backing you. It’s truly a blessing.

 Watch (1)

What are some other fun facts about yourself that you’d like to share with the EN community?

I enjoy riding motorcycles although after my accident in 2012 (my motorcycle was totaled) I don’t get to ride much anymore. I found out stopping a motorcycle with my face was a bad idea. I’ll try not to do that again.

 

What inspired you to start inventing?

My dad. He was always coming up with ideas for toys or creating gadgets and tools. As a teenager my brothers and I helped him dig out the basement of our summer home by hand. After he constructed a ramp going up and out of the basement. He built a winch from “parts” he found at the local dump. It was just an electric motor from an old washing machine bolted to a post with a rope on a pulley. He would then switch it on to pull up a dirt-filled wagon out of the basement which was constructed from parts from a mower. It took many weekends and a lot of cold beer but we dug out the whole basement, by hand, using my dad’s inventions. Great memories, love that man. He was definitely who inspired me to start inventing

 

When did you come up with your first great idea?

I don’t recall my first great idea. I just know at a very early age I started taking things apart to see how they worked, and then put them back together. Completely fascinated with the mechanics. They didn’t always work when I put them back together again.

 CAD model

You have been an Edison Nation member since 2008, can you provide us with some details around your experiences and journey so far?

My experience as an EN member has been very rewarding. Not only with my own personal experience with the inventions I have put forth but when I see the final product and help someone go forward on their journey too. It’s been a great ride and only has gotten better over the years. My fascination of the mechanics of how things work along with my computer skills both work hand in hand. I am glad to be part of the Edison Nation “family” and to help other members. And the journey continues…

If you are interested in collaborating with John, you can check out his website here to learn more.

 


 

 Have you ever thought, “wouldn’t it be cool if…”?

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We exist to get product ideas out of your head and onto retail shelves, all at no risk to you.

Q&A: Innovation Search for Microsoft HoloLens Applications

Edison Nation has teamed up with a Microsoft-certified investor that is actively seeking to invest and develop Microsoft HoloLens application ideas and have turned to the Edison Nation community for ideas. Ideas can be submitted for consideration and review to our Microsoft HoloLens Innovation Search. Inventors of chosen ideas will split all royalties with Edison Nation 50/50.

The answers to these questions are meant to help guide you when conceiving and submitting ideas for consideration. As always, we highly suggest you conduct your own research and draw your own conclusions from the information reported from product demos and research facility tours on reputable news sites.

Q: Is there a list of applications that already exist for HoloLens?

A: None exist publicly yet. The examples in the videos are renderings showing what is possible and application ideas that Microsoft is already pursuing. We suggest reading additional materials including articles posted by reputable news sources for additional demonstrations and information regarding the HoloLens technology.

 

Q: What other companies/technologies are envisioned to partner with this technology?

A: We can venture to guess that Xbox One, if the hardware can power it. Xbox is the video gaming brand owned by Microsoft. There is also speculation that Microsoft HoloLens is powered by an unreleased Intel Atom chip. Other information regarding potential partners has not yet been officially released, but one can assume that Microsoft’s technologies and brands will be eventually integrated. Again, we highly suggest conducting your own research to find potential partners and technologies.

 

Q: How detailed and specific do the submissions need to be?

A: It can be as simple as a written description of a conceptual idea for an application. As always, we ask that ideas are clear and easily understood by the review team. You don’t need to write the software for this one at all, but your idea should be novel and able to be protected by a patent (if it’s already protected, that’s great!). You’ll want to make sure it doesn’t already exist in the public domain or at the Patent Office. A great resource for quick searches is Google Patents. If you don’t find it there, then you can do a more comprehensive search at USPTO.

 

Q: Is a populated niche okay to target?

A: Yes, as long as an identifiable consumer or business issue is described and solved using this technology and their is a potential market. One thing to keep in mind is that typically wider market ideas have the most profit potential and are more valuable in the eyes of a potential investor.

 

Q: How much detail need we put into a concept?? We just toss them an idea and they cut us a royalty even though they do the software development, fine details, business plan etc. for said idea, no matter how vague??

A: We suggest providing as much detail as you can provide – we do not expect you to be computer programmers, but outlining a clear description of how the technology could be used in a consumer space so the description is easy to follow and understand (similar to other searches), is requested. Your idea must be actionable and able to be protected. If your idea is, “project a tv on a wall,” it’s already been done in the demo video and doesn’t get into the details enough to be of value.

Make sure you include why this idea will make money. Investors seek returns on their investment so throwing a vague idea out there isn’t going to cut it. It needs to be clear that this idea is valuable, unique and can be monetized.

 

Q: How would we incorporate an application concept into the submission forms (or for those whove submitted, is it different??)

A: For this search, we would request a description of how the technology would work in a consumer space to solve a problem. Envision the HoloLens technology as the product.

 

Q: Is an idea based on conceptual knowledge of the software okay to submit?

A: Yes, as long as the idea is well thought-out and easily understood.

 

Q: How many ideas is this user willing to invest in?

A: No limit. They have a several turn-key development and business teams and each can be attached to several products. They will be making decisions based on perceived return on investment from building the software and the business.

Q: Can we get some serious technical specifics on HoloLens? What the video suggests is that THIS tech is far more than oculus and google glass.

As you know, both oculus and glass are essentially wearable HUDs. An over simplification and certainly no slight to either tech. Oculus is a game driven tech and is great for immersive/full interactive gaming. Glass obviously lets user interact with both the real and digital worlds simultaneously. However, both are static in the sense that they do not have motion tracking tech integrated into them.

The implication of the HoloLens video is that it DOES have motion tracking integration. My take away from the video is that it is a mash-up of glassand leap motionlike tech. If this is an accurate perception, it is a HUGE difference technologically, from what would otherwise be its two primary sources of competition.

A: Official technical specs have not been released yet. Refer to details provided on Microsoft HoloLens’ website as well as information on reputable news sites for additional details.

 

Q: Can the B2C application desired be an end product that resides with the end user (i.e., a HoloLens-enabled product like Minecraft) or if B2C is not a product itself but rather a means for facilitation of the transactional process of a Business providing consumers with a product or service (like Amazon.com providing us with a process for acquiring a product/service – merely instrumental and not an end in itself).

A: B2C in this search refers to a business-to-consumer application – meaning a consumer purchases the HoloLens technology and uses the software applications chosen from this search on that technology.

 

Q: Many of our ideas fail to proceed forward due to lack of funding for research, prototypes, product development, marketing…etc. Are you saying that this search is actually putting the cart before the proverbial horse? We HAVE the investor financing….and are looking for a good way to SPEND it?

A: The search sponsor for this search has the development funding necessary to create software for the HoloLens platform. They are looking for new application ideas to utilize that funding.

 

Q: MCSD: Microsoft Certified Solutions Developer. There are over 5360 people who are members of this group on LinkedIn. When you say “they” are investing heavily…do you mean this is a group with deep pockets, and are interested in licensing and developing concepts for Microsoft’s use?

A: The sponsor of this search has the development funding and are willing to license and develop new software solutions for the new HoloLens technology.

 

Q: Has Microsoft approached the development group and tasked them with this?

A: We are not sure at this time.

 

Q: Is this company just interested in software ideas for the HoloLens or would they consider hardware ideas that work in conjunction with the software idea?

A: We are just looking for software applications at this time.

 

Q: Does this HoloLens application (device) require the OEM Windows 10 program to work, or are they anticipating applications outside of their realm?

For example (not my idea) you would like to see a holographic image explaining how to put together your new Windows 10 – based computer. It is not functional…or just crashed. Does it have to be receiving signals from a functional microsoft system, or is HoloLens capable of accepting data from other sources?

A: The HoloLens FAQ states it is a completely untethered device, so it would appear that it does not require a separate, functional system in order to operate.

 

Q: Where would the price point range?

A: An official price has yet to be announced, but based on speculation around the web, it appears that Microsoft will be offering a consumer-focused version, as well as an enterprise-focused version of the HoloLens. Also based on speculation, the price range could be anywhere between $500-$2000. Although, with Google Glass receiving much criticism for its high price, it’s unlikely Microsoft will make the same mistake.

 

Q: Could we get more information on what Windows 10 does better than now? What is different about it?

A: Windows 10 will be focused on “making computing more personal”, gesture-based actions, and enabling seamless movement between multiple devices.

 

Q: How much does the headset weigh?

A: Official weight is not known, but estimates are provided at 400 grams (0.88 lb.). The device will be both lightweight and adjustable to fit different adult head sizes, suggesting it’s not for children.

 

Q: Is the computer part elsewhere and sends info remotely or is it built into the unit?

A: There are no wires and no phones involved as this appears to be a standalone device. The set up consists of holographic lenses, a depth camera as well as speakers above the ears and on board processing via a CPU, GPU and HPU (holographic processing unit). There’s also a vent to keep the headset from overheating.

 

Q: Does it work visually similar to Google Glass?

A: What you see through the lenses isn’t simply a hovering, transparent version of your smartphone screen as with Google Glass or similar wearable devices. Microsoft is taking augmented reality to the next level with virtual 3D models of objects that appear either part of your real surroundings or combine to make up entirely new ones. We’re told they will be ‘high definition’, but we do not have specific for the time being.

These aren’t holograms in the traditional sci-fi sense of projected, glowing 3D avatars but there are a number of similarities. For starters, Microsoft is working on a feature it calls ‘pinning’ which allows the HoloLens wearer to lock a hologram in place and then move around it to view it from different angles. A big advantage reporters have claimed HoloLens has over other wearables such as Oculus Rift is that the HoloLens looks like it will be truly portable so being able to walk around a virtual object becomes possible.

 

Q: If a user had a screen projected on the wall and let’s say a “3D building” on their kitchen table, would the “images” remain in place if the user moved/turned their head? In other words, since the images are “projected” on the inside of the goggles, wouldn’t they also move with the user’s head? The demonstration videos suggest the projections remain still as the user moves about.

A: Correct, the projections do remain still as the user walks around using a feature called “Pinning” as described above.

 

Have an idea for a Microsoft HoloLens application?

 


 

 Have you ever thought, “wouldn’t it be cool if…”?

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We exist to get product ideas out of your head and onto retail shelves, all at no risk to you.

Ben Chambers Signs Licensing Deal with Leading Wire and Cable Manufacturer

Invention licensingAs a commercial graphic arts and photography agent by day and a DIY-er/home remodeler by night, Ben Chambers is certainly creative by nature. It may come as no surprise that Ben conceived the idea for his invention during a kitchen renovation project.

Ben evolved his conceptual idea from a sketch on a napkin, to a full working prototype with the help of a few product design groups. After having the idea patented and trademarked, Ben worked with other invention groups to help refine the idea and present to potential manufacturers. After four years of presenting his idea to product brokers, online DIY tool contests and inventor TV shows, he still wasn’t able to secure a licensing deal.

Edison Nation immediately realized the value of the idea and worked diligently to research the product’s best potential and find the right licensing partner. Ben submitted his idea to Edison Nation’s Insider Licensing Program in late 2014 and was licensed to a leading wire and cable manufacturer, in just a few short months. In regards to our obscureness, it’s intentional. From time-to-time, companies ask us to keep their name anonymous so competing companies are not given even the slightest competitive insight. As always, details regarding the invention itself are not disclosed until the intellectual property of the product is fully patented and protected.

“Be objective about your ‘great idea,’ being uniquely practical and be realistic about it being a new product,” say Ben on what advice he’d give to aspiring inventors. “Ask friends or family for their honest opinion about it being useful and needed. Do your own research to learn about it, or if a close variation already exists. It is easy to get wrapped up in your own idea that might not be marketable. If these steps have a positive outcome, then get behind your idea and stick with it, but be patient.”

As the saying goes, patience is a virtue and Ben Chambers is definitely a testament to that.

Congratulations, Ben!


 

 Have you ever thought, “wouldn’t it be cool if…”? We exist to get product ideas out of your head and onto retail shelves, all at no risk to you.

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Microsoft-Certified Investor is Looking for HoloLens Application Ideas

Ready to step into augmented holographic reality? Microsoft is ready to transform your world with holograms. How? Microsoft recently debuted their plans to introduce Microsoft HoloLens, an advanced holographic computing platform, to Windows 10. Microsoft promises that HoloLens will improve the way you do things everyday and enable you do things never before possible.

 

We’re excited to partner with a Microsoft-certified developer who is actively looking to invest money in patentable B2B and B2C HoloLens application concepts and are looking to consumers for new ideas.

This company is looking to find, invest in and develop software concepts that apply Microsoft HoloLens technology for business-to-business (B2B) or business-to-consumer (B2C) use. Ideas selected by the investor will be developed for possible commercialization. Edison Nation splits all revenues with the original inventor 50/50.

Your ideas should:

  •  Be unique and patentable
  •  Appeal to wide market
  •  Be awesome! This is the future!

» Learn more about Microsoft HoloLens technology.

HoloLens is not yet available to consumers, but potential software applications have already begun surfacing. Be sure to do your research and ensure your idea is new and innovative!

Have an idea for a Microsoft HoloLens application?

 


 

 Have you ever thought, “wouldn’t it be cool if…”?

License Product License product License product

We exist to get product ideas out of your head and onto retail shelves, all at no risk to you.

15 Kitchen Gadgets to Prep and Eat the Perfect Meal (Or Not)

Face it, not everyone can be a chef. Or even a good cook. Or even make it through prepping a meal without some sort of catastrophe. Luckily, inventive humans just like you have created handy little gadgets, innovative appliances and improved utensils to make meal prep and consumption that much easier.

Here’s a round up of 15 kitchen inventions to help you prep (and eat) the perfect meal.

1. Silicon Oven Guards

Oven rack protectors
Image Credit: Amazon.com

Bump-proof for those with poor depth perception.

 

2. Glass Toaster

Glass toaster
Image Credit: Thisiswhyimbroke.com

Golden brown and beautiful, every time.

 

3. Onion Holder Slicing Guide

Onion holder
Image Credit: Norpro.com

Onion slicing management system that can double as a hair styling tool.

 

4. Twirling Spaghetti Fork

Self-twirling spaghetti knkife
Image Credit: Amazon.com

Never worry about having to limit your spaghetti intake due to arm and hand fatigue again.

 

5. Never Soggy Cereal Bowl

Never soggy bowl
Image Credit: Nsfwallet.com

Every bite just as crisp as your first.

 

6. Ice Cream Pint Lock Protector

Ice cream lock
Image Credit: Benandjerrys.com

Perfect for both weight loss or weight gain iniatives.

 

7. Heated butter knife

Heated butter knife
Image Credit: Lifehacker.com

The best thing since sliced bread.

 

8. Trongs Finger Food Utensil

Finger Tongs
Image Credit: Hiconsumption.com

Get the fork outta here.

 

9. Endless Edge Brownie Pan

Edge Brownie Pan
Image Credit: Thisiswhyimbroke.com

Guaranteed to reduce brownie corner fueled debates in every household.

 

10. Slip-on Pot Pour Spot

Slip On Pour Spout
Image Credit: Flickr.com

Because why would you waste the 30 seconds it takes to do it with a knife?

 

11. Corn Twister Kernal Remover

Corn Cob Twister
Image Credit: Housewares.org

A fun twist on stripping corn.

 

12. Cookie Cake-sicle Pan

Cookie pop mold
Image Credit: Norpro.com

Make all your favorite cookies, brownies and cakes portable.

 

13. Boil-over Spill Stopper

Boiler Stop
Image Credit: Flickr.com

Doesn’t matter whether the pot is watched or not.

14. Butter Cutter

Kitchen gadgets
Image Credit: Flickr.com

The solution for achieving that perfect restaurant-style square.

15. Finger Protector for Slicing

Finger guard
Image Credit: Flickr.com

Slicing and dicing without the fear.

 

Do you have any handy kitchen gadgets that make life in the kitchen easier? Do any of these inventions seem odd to you? Let us know your thoughts in the comments below.


 

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