- This meeting is about an invention of sorts which is being created to help the success of the INotC. It involves each and every one of the current and past members.
We are creating a simplified system that will guide all members and nonmembers through the invention/product development process. The final details of this system are going to be based on the great collective knowledge of the group as a whole, and will be advanced and improved upon as time goes on. This is for advanced and beginning inventors. It will apply to the large manufacturer of many years, as much as to the beginning inventor that only wants to learn how to license his first deal. The aim is to create a permanent tool for the group which will help manifest success stories amongst the very talented people that have walked through the doors of the INotC.
They say that, on average, only 1% of inventions are ever commercialized. Here at the INotC there is a higher success rate than this supposed statistic already. The question I have for all of you is, what could make our group surpass this even further and bring more success to the group? A method of procedure, the right advisers, the right finances, narrowing down ideas to fit a specific purpose in niche industries ,etc. These types of questions will be decided upon by the group and formulated to simplify the process of commercialization in the modern world. Created by inventors, for inventors, and geared to make the world a better place!
We will be covering the basics of:
- The idea process
- Prototyping/Research and Development
- Market Research
- Patent Research
- Protection/Patenting
- Financing
- Business Planning
- Licensing Vs. Manufacturing Commercialization
We will be creating a list for each of these universal points to determine the gaps and subsections within each of them.
We will also be determining the best resources and study materials for each of these sections. We will explore what services and advisers are available through outside sources, comparing costs and quality.
This will be best determined by the group as a whole. Once the details have been settled on, a system of simple forms will be generated which are universal to most situations during the invention process. All of the members of the group will be able to use these, along with the guide to all the resources which have been determined to be the best. Eventually we will have a solid system of product development which was created by the people using it. This will help compile the knowledge of the whole group!
Everyone is encouraged to come to this meeting to assist in the process of determining this ideal procedures for the future of the group. Bring and books that may have the best methods for any area of the invention process.
I thank you in advance for your support and knowledge in helping with this project!
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