Life is filled with setbacks, but how many of us fight back with business innovation to solve complex problems especially when it comes to our health or those of our children? This capacity for insight, disruption and a “Fight Back Mentality” is nowhere more apparent than in the mind and soul of an Adjunct Professor […]
The Day He Walked Into My Office Several years ago a gifted young man, Alexander Gomez, walked into my office, sat down, and passionately told me about his medical idea, more a dream at this point, that had prompted him to drop out of medical school and form his own business. I listened intently as
How One of My Clients Earned a $100 Million Payout from His Medical Idea Read More »
Some of the most brilliant ideas in history can come back to bite their inventors, often fatally. While a macabre subject, it does offer fascinating reading and cautionary tales for those inventors experimenting with more radical ideas. For instance, in the summer of 1973, Henry Smolinski attempted to pilot a flying car he had been
Why Inventors Should (Sometimes) Fear Their Inventions Read More »
There will probably come a point in your life as inventor when your idea or patent gets picked up by a major retailer or industry player and they offer you a tantalizing choice: a small royalty on sales in perpetuity or a single, one time “complete buyout” payment to take complete ownership of your idea.
The Difference Between Earning “Lots” Vs. “Millions” of Dollars From Your Idea Read More »
Innovation in the medical device arena continues with news that Google is exploring skin implants that assist in diagnostic tests. In essence, patients may not need to visit their doctor since your sweat and blood sample data will be delivered seamlessly over the internet through an antenna attached to a companion device, probably a smart
Are Google Patents Skin Deep? Read More »
Ideas Are the Forerunners of Wealth According to leading experts, the rise in patents represents a long-term shift in what Americans do, suggesting that R&D for non-manufacturing industries is growing at a faster pace than manufacturing industries. Additionally, studies indicate that money spent on research and development is not rising as fast as the number
How to Make Money From your Invention Read More »
No, you do not need a working prototype of your invention in order to successfully file for a patent with the USPTO. However, there are several probing questions an inventor needs to answer in order to cross the finish line. These answer(s) will determine if you are far enough along with your idea to even
Tough Questions Inventors Need to Ask Themselves Read More »
The complexity of patenting software is often exponentially higher than other tangible inventions in the mechanical or electrical realms. Software patents require careful, precise claims and descriptions, way above what one typically finds in general “widgets”. Inventors should also bear in mind that there are relatively few attorneys in the United States that specialize in
The Perfect Storm in Software Patents Read More »
You have an idea that may change the world or revolutionize an industry. However, until your patent is filed, recorded and locked down with the USPTO, it’s up for grabs by other nefarious entrepreneurs who would love to profit from your idea. Do you really wish to sit on the sidelines and watch your rivals
Three Steps to Profit from your (Patented) Idea Read More »
Correct and precise language (and semantics) are the cornerstone of a successful patent filing. History is littered with the examples of Inventors whose patents failed due to simply one letter being out of place thus changing its meaning and scope, ultimately leading to rejection by the USPTO. The terminology of the claim must match the
Inventors, Watch your Language! Read More »
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