From Patent to Profit is the Patents in Commerce textbook that illustrates and explains time-proven methodologies employed by the world's top inventors. It is thorough, easy to understand, and written for today's entrepreneurs. Inventing and patenting has never been put in such plain words that explain how to have a 100% success rate.
From Patent to Profit is divided into four parts that take you through the entire invention development process, step by step. Every PIC DVD and segment references the chapters in the book.
PART ONE, INVENTING
Customer Driven Innovation shows how to turn inventions into products that customers want to buy. Learn the essentials of product design, the invention development process and prototyping. Learn about safety, durability, making products people friendly and having the right aesthetics. Employ extraordinary inside secrets about designing for emotional appeal and satisfying customer perceptions. Evaluate marketability. Dozens of examples help guide your development.
PART TWO, PATENTING
Learn all about patent laws, patent searching, how to protect ideas and how to successfully write a patent application. Develop a patent strategy that maximizes patent protection. Use provisional patent applications (cost about $100 to file) to secure patent pending status and defer patent costs until later. All experts employ this strategy...you should too. Find out how to pursue infringers without spending thousands on attorney fees. It's all explained in layperson terms that'll make you a patent expert fast.
PART THREE, MANUFACTURING AND MARKETING
Find, interview and evaluate manufacturers and marketers. Learn all about costing an innovation, profit margins and niche marketing. Know the seven strategies to making money on an invention (only one is to start a business). Prototype for pennies and have partners pay start up costs. Quickly establish confidential working relationships with partners and licensees and learn how to get them to sign your confidentiality agreements. Find out all about financing an innovation and how to get government assistance.
PART FOUR, LICENSING
Learn licensing, partnering and how to conclude a deal. Understand the elements of a license agreement. Determine your strategy, exclusive or non-exclusive licensing, or employ other variations, such as a JDA (Joint Development Agreement). Know in advance how inventions and intellectual property are evaluated by prospective partners. Follow step-by-step instructions to introduce a license to a licensee. Learn all about the licensing process and almost every imaginable objective a licensee may have. Quickly zero-in on a royalty rate and up front fee. Learn how to partner with a prospect instead of negotiate. From Patent to Profit makes licensing easy.
