Upcoming IP Meetings
Thursday, Jun 19, 2014: USPTO Patent and Trademark Office- Saturday Seminar Inventor Education - Free Series- Excellent Sessions on Patents, Provisional Patents, Patent Searching, Trademarks, Inventor's Groups, Business USA, Trademark Searching, Role of Attorney, Town Hall Session- Open Forum
Saturday, Jul 26, 2014 to Sunday, Jul 27, 2014: Maker's Faire- DetroitThe Henry Ford - Activities and vendors dedicated to the entrepreneurial spirit. 9:30-6:00 P.M.
Tuesday, Aug 19, 2014 to Tuesday, Aug 19, 2014: Get out of the Garage: Patent Your IdeaTuesday, August 19, 2014 3:00-5:00 p.m. - Macomb County Office of Planning and Economic Development- "Get Out of the Garage: Patent Your Idea" More info: https://www.youtube.com/watch?v=uY7d_Y94TtE This is a free event, but you need to register. For que
Thursday, Sep 4, 2014 to Thursday, Sep 4, 2014: Michigan Inventor's Coalition (MIC) EXPO14Call 616 843-0020 for more information
TWO EVENTS IN ONE-- MIC Inventors EXPO 14 and REI 2014 Innovate Michigan! Summit!
Kellogg Hotel & Conference Center- 219 South Harrison Road, East Lansing, MI
Thursday, Sep 18, 2014 to Thursday, Sep 18, 2014: IAMD Inventors Assoc. of Metro Detroit MeetingMonthly meeting at 6:30 p.m. in the Buell Management Building (Room location to be confirmed). Networking before and after the meeting. Questions: call Cathy at 248 204-3004.
How to evaluate your invention
Evaluate Your Invention
Ninety-five percent of patents do not end up being profitable. As result of these statistics, it is very important to research the market worthiness of your invention. You need to ask yourself questions such as:
1. Does your product fill a need or desire that people are willing to pay for?
2. Are there other products out there that are similar?
3. Who will be your competition? Who will be your customers?
4. Do you want to start your own business and handle the manufacturing of your product? This is not an easy option, but you have a chance of success.
5. Or, do you want to sell or license the rights to your invention? Often times this licensing rights are not lucrative.
Join an Inventors Group
You may want to join an Inventors Group such as the Inventors' Association of Metropolitan Detroit (see above) to receive support from more experienced inventors.
These groups meet in person as an organization or may be online.
This type of group also offers educational programming, networking, may recommend manufacturers and attorneys, and may even help to evaluate your invention.
Research at a Local Business Library Collection
1. Catalogs, Directories and Websites can provide data on existing products and their profitability.
2. Demographic information can help you find potential customers.
3. Identify the stages of product development.
4. Find manufacturers.
5. Develop a business plan.
6. Locate sources of funding.
Other sources of Community Assistance
Seek out business counseling at an organization such as SCORE.
Network with other established businessman.
Make use of a business incubator such as Techtown.
And most important, never reveal your idea to anyone without having them sign a nondisclosure agreement!
A final note of wisdom from experienced inventors- If you don’t have money to sue a patent infringer, your patent is worthless.
Databases for Patents
Other Databases about Patent Process
Sample Print and Ebooks at Lawrence Tech
This basic patent book is recommended by Patent Librarians and USPTO experts as a great
basic book to start with for all inventors.
Blogs and News
Test your IP IQ!
1. Once you receive a patent on your product, you may renew the patent once.
False: You may not renew a patent.
2. A Plant Patent deals with manufacturing facility designs.
False: Plant Patents deal with asexually reproduced plants (hybrids, etc.) and are in effect for 20 years.
3. If you have not registered a copyright for your written work, you have no rights to protect it.
False: Your work is considered to be under copyright as soon as the work is finished, regardless of whether you register a copyright. A copyright registration is considered proof of authorship in court.