November/December Newsletter - The Tampa Bay Inventors Council
Transcription
November/December Newsletter - The Tampa Bay Inventors Council
The Tampa Bay INVENTOR The Official Publication of the Tampa Bay Inventor's Council NOV / DEC 2005 Why 98 % of All Inventions Fail to Produce a Profit by Paul Niemann Meet the New Board of p. 2 Directors P. 7 Summary of Speakers for Sept./Oct. Tools to Market a New Product By Matthew Yubas p. 3 P. 8 Make Plans to Be Here For Our Nov. 9th and Dec. 14th Speakers Product Safety In the U. S. By Garrett S. Tom P. 11 p. 5 Dateline TBIC: We Have Our Own TV Star ! How Do You Know If Your Invention Will Sell By Paul Niemann p. 13 P. 10 GET LATE-BREAKING TBIC NEWS www.tbicnews.blogspot.com Stay Informed – See what’s new "Inventors Helping Inventors" The Tampa Bay Inventor's Council is here to help you succeed, forge ahead, maintain your purpose, and achieve what you intend to. Everyone in this group is behind you. SM SM 10750-A Endeavor Way, Largo FL 33777 (727) 548-5083 nd 2 JOIN US EACH and 4th WEDNESDAY EVERY MONTH VISIT OUR WEBSITE: www.tbic.us GET NEWS UPDATES: www.tbicnews.blogspot.com MEET YOUR 2004-2005 BOARD OF DIRECTORS AND OFFICERS The annual election of members of the TBIC Board of Directors was held at the regular meeting date of August 24th. The new Board of Directors appointed the new officers for the coming year in a meeting prior to the next regular meeting on September 14th. Here is your new Board of Directors and Officers Wayne Rasanen Vice-Presidnet Kirk Collins Treasurer Irene Petree John Blue Bruce Elliott John Korkos Frank Pugni Bob Richardson Elizabeth Selm President Page 2 Past Speakers Sept 14th On September 14th, Rick Austin from Lion's Share Entertainment gave TBIC an interesting perspective on the value of direct marketing and how it has been responsible for launching a number of very successful products. From commercials to infomercials, a targeted campaign also involves purchasing airtime, which can be the biggest expense. Often, buying a package TV run will include airing several times, both during the day and over night. Rick's company specializes in producing both long and short form presentations which may be of great value to anyone ready to bring a product to market. To see some of his successes, please visit his website. However, he is also preparing a new program that is especially geared for inventors who may not be quite ready with a final product. Rick is producing a program in the vain of "American Idol" for inventors called “Inventors Showcase.” Several inventors will appear on each show and give their pitch regarding their innovation. The show will be set in front of an audience who will vote for the invention they most like or find the most useful. Viewers will be asked to log on to a web site to vote for the best invention, and the others will be weeded out. Rick is currently seeking inventors who have what it takes to demonstrate the next big thing to the world. “Inventor’s Showcase” will not only focus on the invention itself, but also on the inventor and how he/she arrived at the idea for their product. It will be a weekly reality-based competition program, spanning 13 episodes, introducing the world to 130 ambitious inventors and their creations. To learn more, visit www.lions-share-ent.com and download an application. Who knows, we might have a rising star among us! Our second speaker was Steve Erick, of Capital Success Strategies, Inc. Steve described the Revenue Purchasing Strategy; a plan offered to wealthy investors, which can easily be utilized by an inventor who is building a business around his/her invention. The inventor's business may be a corporation (publicly or privately traded) or a sole proprietorship company. The Revenue Purchasing Strategy (RPS) works like this: the investor writes a check to the inventor's business for an agreed-upon amount. This amount is the principle sum. The business spends the money to get mass production and marketing of the invention started. As sales occur, the inventor's business gives a percent of the income back to the investor until a second agreed-upon amount is reached. This amount is greater than the principle sum. The difference is the investor's profit. The entire RPS strategy results in the inventor getting his/her invention to market. The basic idea is similar to borrowing money or getting a bank loan, but is easier to get. But unlike a traditional loan, the inventor/business owner is not obligated to pay investors until he/she has cash flow from sales. Additionally, unlike a traditional loan, which requires the business owner to make payments whether business is good or bad, the RPS is paid to investors as a percentage of income. Capital Success Strategies, Inc. specializes in Revenue Purchasing Strategies. They can coach the inventor/business owner, prepare a customized RPS plan, and bring together the inventor/business owner with potential investors. For more information, go to www.csscapitalcoaching.com. Both guest speakers are working together on a project called “The Money Channel, Inc.” Sept. 28th TBIC members Lynor Romer and Joan LaRoy gave a discussion about their business, Packaging Management Group, Inc. This small, flexible company can handle all aspects of packaging your invention/product, and can co-ordinate well with your existing marketing team and your marketing plan. Don't have a marketing team or plan? PMG can help you develop these. This business can easily work with any “little guy” inventor whose project is a consumer product that is beyond the patenting and initial prototyping stages. Packaging and marketing go hand-in-hand. It's all about image: the package is usually the first impression the consumer gets of your product, and of your company and you. But it goes much deeper than designing pretty pictures and catchy slogans on the label. The package must complement the logo, business card, stationary and website of course, but the nitty-gritty details of marketing also involve brand name development, copyright and trademark legalities, demographic research, graphic arts, distribution; to say nothing of the physical considerations of “mass producing the package” and slapping the product into it on the assembly line. PMG specializes in all the above. (Continued next page) Page 3 (Continued from perevious page) The ladies had plenty of show-and-tell goodies on display -- the best way to demonstrate their past accomplishments. They made it clear that PMG is a project management consultation firm that specializes in managing clients' marketing needs in general and packaging needs in particular. PMG does the “creative thinking” aspect of building a packaging/marketing plan for the client, and relies on a vast worldwide network of contacts and connections to get the “detailed craftworking” aspects taken care of. Check out Packaging Management Group, Inc. at www.pmg-packaging.com. Summary of General Meeting, Oct. 12th Club President Elizabeth Selm described her recent experience at the ERA convention in Las Vegas. The Electronic Retailing Association is an organization that brings together product developers (such as inventors) with businesses that specialize in taking products to market via TV--infomercials, commercials and shopping channels. Most of these businesses also can handle the packaging, fulfilment, distribution, sales and shipping. Back in June TBIC held a presentation to ERA, and several of our members who presented were selected by ERA to attend the convention in Vegas. Elizabeth was one of the lucky ones. Tonight she shared what she learned at the convention. She said that ERA wants products that are already manufactured and ready to ship. The products must have unique benefits that are demonstrable on TV, must have strong patent protection and should have testimonials from beta market testing. The products must be new, because newness drives the sales throughout the entire direct response TV industry (DRTV). The three categories of booths at the convention were big manufacturers/distributers, TV broadcasters and producers, and independent inventors like Elizabeth. Each morning included ERA classes about DRTV; valuable lessons to inventors. She learned that retail usually sells better than infomercials; therefore it’s best to do DRTV sales first then migrate to retail. ERA can make all arrangements. Practice sessions for infomercial presenters were also available. Elizabeth made it clear that her participation in the Electronic Retailing Association’s convention was a positive and educational experience for her. Club Vice President Wayne Rasanen talked about the speech he gave a few days ago to SATOP. The Space Alliance Technology Outreach Program is a resource Page 4 that NASA makes available to inventors for free. Companies under contract with NASA provide up to 40 man-hours of engineering assistance to inventors and/or small businesses. Wayne has utilized the SATOP program in the development of his invention, the IN10DID typing gloves. His speech a few days ago was to SATOP personnel about how satisfied he is with the assistance he received. Naturally he peppered his speech with plenty of plugs for TBIC. Wayne then gave us a demonstration of his patented typing gloves. By pressing the appropriate fingers against a hard surface, the user can type a message while not seated at a desk. Even an astronaut floating outside a spaceship can type a message while wearing these gloves. Very cool. Then Wayne described the manufactures’ trade show he and a few other members attended earlier today. The “Design2-Part” show was in the Tampa Convention Center. Lastly, copies of the latest TBIC members’ survey were handed out. Its purpose is to provide suggestions and ideas to the Board of Directors. Speakers of General Meeting Oct. 26th Our guest speakers, Ed Ansell and John Hackett of Professional Business Solutions, LLC, discussed how they can assist a startup company by providing guidance, advice and counseling about business planning, management, funding and finance, operations, distribution, sales and even crisis management. They examined each component of a business plan and showed how PBS can contribute to each component’s attainment. PBS is especially good at assisting a small business in the preparation and execution of a funding package request. Also covered was how to deal with venture capitalists -what to look for and what to look out for. Ed and John talked about funding though loans, royalty financing and stock equity. They assured us that PBS always begins any venture that involves an invention by signing a non-disclosure agreement. And the company’s fees are negotiated in accordance with the inventor’s abilities and needs. Most inventors fail simply because they don’t know how to think of their invention as being a business venture. Professional Business Solutions understands business ventures forward-and-backwards, they understand how to apply business venture principles to the mysterious process of innovating an invention idea, and they are prepared to “get down to business” for any TBIC member who is ready to take the next step. NOVEMBER SPEAKER Make Plans To Be Here Nov. 9th Make plans to join us for our only meeting in November on the 9th when our speaker will be Tonya Clark of Star Tec Technology Enterprise Center at the YoungRainey STAR Center. Star Tec is charged with bringing promising start-up companies into the Pinellas County STAR Center incubator program, and accelerating their growth and development. If you haven't heard of the STAR Center or you just want to know more about the vast array of resources available in our area, you can't miss coming to this event. Again, this is part of our regular Wednesday meeting and available to all TBIC members. Inventors on TV Greetings to all inventors! The Tampa Bay Inventors Council was pleased to be on hand at WEDU on November 5th during the casting call for Bouncing Brain's production of "Everyday Edisons". This was an opportunity for anyone with an idea for "a better mousetrap" to hopefully put it on the fast track to the marketplace. TBIC was happy to help get the word out about this show and very pleased to be on hand at the casting to help inventors learn more about the process and invite them to join with other inventors in Tampa Bay. We hope that Bouncing Brain got more than they expected when they came to Tampa and asked if there is any innovation to be seen here! December 14th Be sure to join us for the last meeting of 2005 on December 14th when we plan to have a dual showing of speakers. First up, the Society of Manufacturing Engineers will give us the 411 on who's who in Tampa Bay and how local inventors can tap into their network to find the services we need to move our projects forward. Next, meet Bob Solomon. Bob has been inventing for several years and has remarkable insight developed from his experience. Some of it good.... some of it not so good. You can always learn things the hard way or you can learn from someone who has been there and done that. Bob has been speaking all around the country and now brings his humor, passion and flare to TBIC. Lets end this year with a bang! Join us on December 14th for the merriest meeting yet. (Gift giving is optional!) Stop the Presses! ... or the presses have stopped and from them come the brand new TBIC brochures. We have printed 2000 new brochures and would like to ask each of you to take a few with you and post them at your local library, community center, apartment billboard or simply hand one to someone you know with an inventive streak (or a TV broadcast) who should know about TBIC. For too long we have operated below the radar and it is time to make sure that everyone knows the Tampa Bay Inventor's Council is right here in Tampa Bay! Please do your part to help grow our community and expand the networking opportunities for all of us. GET LATE-BREAKING TBIC NEWS www.tbicnews.blogspot.com Stay Informed – See what’s new Page 5 ALERT ! Membership There has been at least one complaint of receipt of unsolicited/non-opted email that appears to have sourced our TBIC mailing list. We will never use your contact information for anything but TBIC related matters, nor will we sell or give this information to others for such use. If you are receiving emails that are not TBIC related, but you feel are being sent as a result of your contact information with TBIC (for example a unique email address you only use for TBIC), please forward the email to me at [email protected] and I will have the TBIC attorney forward it to the appropriate Federal/State Authority. You have our apologies in advance if this is happening to you. We make every reasonable effort to protect your privacy. Unfortunately, with the switch to a bimonthly newsletter, we must rely on emails more to appraise you of speakers, special events and alerts. A few benefits you will enjoy: VISITORS WELCOME • Inventor-Related Computer Programs The Board of Directors of TBIC wants to welcome all visitors. We hope that you can see the benefits of becoming a member. Our bylaws allow visitors to attend two meetings without obligation. • Inventor’s Library Member exchange This note is to encourage any member who has a need to post it in our “Members Exchange” department. This is not intended as a sale area to promote businesses, but rather for members to post needs and request for help on invention related matters. Listings are free and subject to editing for space and clarity. Must submit to Gary Simmons ([email protected]) by end of third week of the month prior to next publication. Examples would be: • Need a packaging prototype. Require graphics and blister pack expertise. Contact Tom Edison at Phone/E-mail/Snail Mail address. • Need someone to convert my 2d drawings to *.dwg format. Contact Orville Wright at Phone/Email/Snail Mail address. GET LATE-BREAKING TBIC NEWS www.tbicnews.blogspot.com Stay Informed – See what’s new Page 6 Make your inventing process more effective and more fun ! Bring a Friend ! • Monthly Newsletters • Free Workshops • Updates on Legislation affecting the industry • Current Industry News • Focus Groups • Formal Presentations to Marketing Media Representatives • Access to Machine & Wood Shops Membership Chairperson: Paul Simmons Membership fees have changed At a recent Board meeting, it was decided by the Board of Directors that we needed to change our membership structure and fees. Starting on January 1, 2005 the membership categories and fees will be as follows: Student/Jr. Einstein----------------$ 25.00 Sustaining Members (6 mos.)----$ 65.00 Sustaining Members (annual)---$125.00 Corporate Members --------------$250.00 "Why 98 % of All Inventions Fail to Produce a Profit" by Paul Niemann of MarketLaunchers.com The statistic that I see over and over again is that fewer than 2 percent of issued patents ever produce a profit for the inventor. What a tragedy to invent a product, go through the time and expense of getting it patented and, in many cases, getting a prototype made, and then realize that it might not sell. There's a better way. In my five years of working with inventors, I've learned that there are two main reasons why inventions fail: Reason #1. There's no market for the product. Reason #2. The inventor fails to market it properly. Here's what you can do to avoid becoming one of the 98%, although this won't necessarily make you one of the 2%: Reason #1. There's no market for the product: Do your homework: Research your market. This includes the following: • Read your industry's trade publication and check out your industry's trade association. • Talk to potential end-users of your invention to find out whether they would likely buy your product if it were available, and at what price. Make sure you have adequate patent protection, or have them sign a confidentiality form to protect your invention. • Talk with store managers where your product might someday be sold; ask them if they would use this type of product. Don't get discouraged if some tell you that they haven't had any requests for your product, because it's NEARLY IMPOSSIBLE to request something that has not been invented yet. If it appears that there's no potential market for your invention, then it may be best to forget about it and move on to your next great idea. If you came up with one great idea, then you will probably come up with another. Reason #2. The inventor fails to market it properly: Either do the marketing work yourself, or hire someone that is capable of doing it for you. The key words here are "someone that is capable" and not the invention marketing companies that advertise on TV. Those companies' expertise is in selling YOU to pay them, rather than selling companies to license their clients' inventions. On the other hand, there are capable licensing agents who specialize in doing this, although they are rare. The toy industry is known for working almost EXCLUSIVELY with agents rather than with outside inventors when it comes to licensing in outside products. Many inventors either don't want to or don't know how to market a new product. Hey, it's not something they teach in school. Fortunately, it's something that can be learned. Another reason for learning how to do your own marketing is the fact that, as I said earlier, if you came up with one great idea, then you will probably come up with another. And another .… Besides, who is more passionate about YOUR INVENTION than you are? Who knows more about YOUR INVENTION than you do? Who is more concerned about YOUR INVENTION than you are? So why entrust the business aspect of your invention to a total stranger? Is it because the marketing part seems foreign to you? If so, then jump right in and immerse yourself in your industry. Become an expert in your field. Plus, you can keep all of the profits yourself. You'll probably never hit your full potential as an inventor if you hire someone else to market your invention; take that role upon yourself if at all possible. The marketing aspect can actually be as gratifying as the inventing part of the process. ____________________________ Paul Niemann's specialty is creating web page advertising for inventors and small businesses. For help in designing your ads, or to get a web site built, contact Paul at (800) 337-5758 or visit his web site: www.MarketLaunchers.com. Market Launchers lists new inventions for sale or licensing and also helps manufacturers find new products for their product lines. Their Invention Database is seen by: Manufacturers, product scouts, investors, direct response TV companies, catalog companies and other potential licensees. Reprinted with author's permission. Page 7 Tools to Market a New Product By Matthew Yubas Marketing Communications are the tools used to inform, influence, and encourage. Though sometimes viewed as only advertising and promotion marketing communications takes advantage of all possible mediums to make future customers aware of your product and business. Marketing communications can effectively raise awareness, produce sales leads, generate interest, and motivate purchases. Start WithAwareness Any transaction between sellers and buyers begins with awareness. Awareness is created with marketing communications tools such as: • Advertising • Direct mail • Direct email • Magazine articles • Newsletters • Personal networking • Product reviews • Press releases • Speaking appearances • Trade shows Tools that produce awareness, stimulates buyers and motivates them to get more information about your product. Then, buyers will investigate your product further by: • Calling you • Sending you email • Returning your direct mail postcard • Searching for product reviews or discussions on the Internet • Talking to existing customers • Talking to opinion leaders • Visiting a retailer who carries your product • Visiting your website When buyers investigate your product, don’t drop the ball. Make sure that every communication (mail, email, telephone) with a potential customer is professional and timely. Imagine you create the fancy advertising and slick direct mail. But when potential customers call your company, the receptionist is uninformed and unprofessional. Or, your email to the potential customer is full of spelling and grammar mistakes. In both of these examples you’ll likely make a bad impression. Everything that touches the customer must be of the highest quality. Page 8 Influence the Buyer You have to convince the buyer that your product is the solution to their needs. Buyers have a mental checklist of benefits, features and functions that will satisfy their desires. You should know what’s on that list by researching the market and talking with people. Since people can be skeptical at first, you need to provide facts and opinions to validate your product claims. Provide testimonials of satisfied customers and get product reviews from credible organizations. Show lab test results, certifications, and survey results. You can further influence a buyer’s fact finding mission by: • Providing excellent customer service with prompt and accurate information • Having a website that educates and informs • Designing packaging that stands out and clearly explains how the product benefits the customer • Including a risk-free money-back satisfaction guarantee • Offering free samples, free trial periods, low introductory special price, or free shipping When buyers investigate your product, you’ll influence them more by providing clear facts and figures rather than hype. Especially if your product and company are small or little known, third-party endorsements will ease buyer’s concerns. ASimple Plan Your marketing communications plan does not have to be complicated. A simple, yet effective, communications plan to launch a product could simply involve: • Submitting a product for trade magazine reviews • Placing advertisements in trade magazines • Issuing a press release when the product is available • Purchasing leads from trade magazines and sending direct mail to the subscribers, and then following-up responses with a telephone call • Providing a website that has objective information about your product • Buying search engine keywords to drive traffic to your website This simple marketing plan uses readily available tools to raise awareness and influence the buyer. Conclusion Talk to retailers, distributors, and marketing consultants to find out which communications methods have successfully generated sales for your type of product. Study how competitors market and sell their products. If they’re successful, model a similar approach. Keep in mind you have to first create awareness in order to produce sales leads, generate interest, and motivate purchases. Using all the marketing tactics at your disposal – e.g., press releases, trade shows and advertising – will give potential customers opportunities to learn about your product. About the Author: Matthew Yubas is a Certified Professional Marketing Consultant for the Small Business Development and International Trade Center. He has earned a B.S. in Engineering and an M.B.A. in Management. Articles and tips are available at www.Product-Coach.com . Page 9 How Do You Know if Your Invention Will Sell by Paul Niemann of MarketLaunchers.com There’s no way to know for sure, but here are a few statistics to consider … 1. A typical patent costs between $3,000 -- $5,000 WHETHER OR NOT THE INVENTION IS PROFITABLE FOR THE INVENTOR. 2. It’s been reported that only 3% of all patented inventions become profitable for the inventor. Obviously, this means that 97% lose money despite all your hard work. With these 2 statistics, wouldn’t it make sense to try to find out if your invention is likely to be profitable for you before you spend a bunch of money on it? There are two groups of people you can talk with in order to get feedback about your invention. By doing so, you will get a pretty accurate idea of whether or not your invention will likely succeed. 1. The first group is the distribution group, meaning factory reps, wholesalers and store managers. Which factory reps, wholesalers and store managers should you talk to? Those who work in YOUR industry. You would want to ask the store manager of stores where you would expect to see YOUR product being sold, because he would know the types of products that sell well, and he can make some suggestions to you. Plus, he might be able to recommend some sales reps who he buys his products from, and he would be familiar with your industry. 2. The second group consists of the consumers in your target market – those who are most likely to buy your product. When I ask inventors who their invention is intended for, most will say that it’s “for everybody.” You need to be more specific than that; for example, it might be meant for middle-aged men. Or college students. Or single women. Or construction workers. These are all examples of target markets; “everybody” is not a market because there is no product that is meant “for everybody” OK, so you decide to do some research among factory reps, wholesalers and store owners, as well as consumers in your target market. “But what if someone steals my idea?” you say. True, it is possible that someone can steal your idea when you disclose it to them. You can protect yourself – to a certain extent – with confidentiality agreements, BUT what do you think will happen if your invention is successful? Someone will knock it off. Guaranteed! It happens to nearly every successful product. Hopefully, you will have built up enough of a sales lead to thwart off the knock-offs by that time. The main purpose of this article is to help you become one of the 3% of inventors who make a profit with your invention (assuming that you patent it) and not one of the 97 % who patent an unprofitable invention. Know What Questions to Ask In the article above, I listed two main groups of people you can talk with in order to get feedback about your invention. The first group is the distribution group, meaning factory reps, wholesalers and store owners. The second group consists of consumers in your target market. First, let’s start with the distribution group, focusing on store managers. Here are several questions to ask. You can (and should) add your own questions to this list … • How does the packaging look to you? Do you have any suggestions to make the packaging more attractive? (The packaging plays a MAJOR role in sales.) • What do you like about my product? Is there anything you dislike about it? • Are there any changes you would like to see made to it? • Will you put it on you shelves once it’s available? (If not, then ask him what it would take to carry it in his store.) • Where would you place it in your store? • At which price would you sell it to your customers? Example: $9.95, $12.95, $14.95 or $19.95? etc. • Anything else you think is important to know. The main thing the retailer will want to know is how well it will sell, and what is his profit margin. Any in-store displays that you can supply, and any outside advertising, will help boost sales. Next up is the customer group. You ask roughly 10 potential customers (members of your market) for their opinions on the following questions, which are pretty similar to the questions that you ask the distribution group: • What kind of product are you currently using? • What do you like about my product? What do you dislike about my product? • Are there any changes you would like to see made to it? • Will you buy it when you see it on the store shelves? • At which of the following prices would you be willing to buy it? $9.95, $12.95, $14.95 or $19.95? etc. • Anything else you think is important to know. Questioning consumers can be done in a focus group setting or in one-on-one surveys. Good luck, and I think you’ll be surprised at how much new information you learn about your own product as well as how much you learn about your target market (and how to sell your product to them). ___________________ Paul Niemann runs MarketLaunchers.com, building web pages for inventors. Having your own web page allows you to show your invention to companies when you’re unable to present it to them in person. It can serve as your own “online brochure.” Page 10 Product Safety in the U.S. By Garrett S. Tom, Product Certification Consultants LLC Why product safety certification? Product safety certification plays a key role in the U.S. Understanding this role from the inventor's initial idea, to the design, manufacture, distribution and retail of the product can contribute to the success of the inventor. Consumers, contractors, architects, insurance companies, installers, building owners, and regulatory officials all demand product safety certification. Residential and commercial products need product safety certification. Products intended for residential and commercial application have product safety evaluations to permit building inspectors and fire officials to approve the use and installation of the products. The certification enables the officials to determine the product meets the applicable construction and installation codes adopted by their local municipality. These regulatory officials have a key responsibility to consumers, the general public, and private industry to ensure mechanical products, electrical products and building products are installed and used in compliance with the applicable requirements and regulations. Compliance with the applicable requirements is accomplished through testing, certification and listing by independent third party agencies acceptable to the local regulatory official. These third party agencies authorize their own special labeling on the product or packaging. It is through certification and labeling that the regulatory official can determine compliance with the applicable requirements and grant their approval. In the U.S. OSHA certifies independent third party agencies. Agencies that meet the OSHA criteria become a NRTL (Nationally Recognized Testing Laboratory) facility. Household consumer goods need product safety certification. Products intended for household use by consumers have product safety evaluations to meet product liability insurance and retail distributor requirements, as well as, consumer and governmental requirements needed to protect the general public. The Consumer Product Safety Commission monitors injuries caused by consumer products and has the authority to levy fines and require manufactures issue public recalls of products. There is a basic responsibility to invent, design, and manufacture "safe" products. Having product safety certification enables manufacturers to determine compliance with safety standards and shows a basic responsibility to "safe" products. The inventor benefits from product safety certification. An inventor who understands the role of product safety certification will be able to help incorporate safety into the idea or product at an early stage, which can save the inventor and manufacturer time and money by minimizing expensive design changes. The manufacturer is the entity that most often submits and applies for product safety certification. Help the manufacturer succeed and you help yourself succeed! Understanding what your customers need to go through and having a product safety certification assessment done before approaching final manufacturing can give you an edge and foster confidence in the ability to manufacture a product that will meet safety requirements and regulations. When having that all important first discussion with customers, the inventor will project an image of one who understands the customer's need for product safety certification and has taken steps to demonstrate a commitment to product safety. Garrett S. Tom, Product Certification Consultants LLC San Jose, CA 95124 (408) 264-0131 [email protected] Reprinted with permission from the Newsletter of the United InventorsAssociation. www.uiausa.org Page 11 National / International Upcoming Events ( Submitted by Robert Aiken, Board Member ) November 4 - 6, 2005... 26thAnnual Connecticut Fall Home Show, Hartford, CT Connecticut Expo Center, Hartford, Connecticut. Nearly 250 companies will present every conceivable kind of product or service for the home, include remodelers, homebuilders, custom cabinets, kitchens & baths, chimneys, wood stoves, sunrooms, awnings & decks, duct & vent maintenance, storage buildings, heating & cooling services, windows, doors & siding, water treatment systems, banks & mortgage companies, home theatre systems, security systems, financial planners, building supplies, insulation, energy management companies and so much more. Plus Home Depot Do-It-Yourself workshops going on all weekend. www.osbornejenks.com/fallhome.html (800) 955-7469 November 18, 2005... 3rd Annual Invention to Venture Workshop, Gainesville, Florida. Emerson Alumni Hall, University of Florida, Gainesville, FL Invention to Venture (I2V) is a nationwide series of conferences and workshops in technology entrepreneurship for science and technology students and faculty, and business communities including inventors. The workshop is an introduction to the process and practice of technology entrepreneurship. Invention to Venture workshops are cosponsored by the NCIAA, National Collegiate Inventors and Innovators Alliance. The two main assets are practical information and networking opportunities. Topics to be addressed include: "Recognizing Value in Technology,""New Venture Planning & Team Building," "Obtaining Resources," "Starting Small, Going Global: Personal Perspectives in Technology Ventures," and "Building an Entrepreneurial Firm." Cost: Registration fees ($10 Students, $25 Faculty/Staff, Other $50) are being waived and have been underwritten by the generous contribution of Mr. Howard Leonhardt, Biohart, Inc. www.invention2venture.org [email protected] [email protected] February 4 - 5, 2006... Orlando Gift Show, Orlando, Florida. Orange County Convention Center, 9800 International Drive, Orlando, FL General giftware, home and garden accents, gourmet gifts, party and paper goods, tabletop, holiday/seasonal, collectibles, souvenir/resort merchandise, stationery, bed, bath and linen and more. Educational seminars included. www.urban-expo.com/Content/395.htm (678) 285-3976 February 10 - 12, 2006... Super Pet Expo, Edison, New Jersey. NJ Convention & Exposition Center, Edison, NJ www.superpetexpo.com/shows/edison (301) 564-4050 [email protected] March 18 - 19, 2006... Midwest Farm and Ranch Expo, St. Charles Missouri. Compact agricultural equipment, tractor attachments, lawn/garden, livestock, utility construction, ranch and related products. www.mvea.com/allequipexpo (800) 430-6334 [email protected] Page 12 GET THE LATEST NEWS AND UPDATES You can now get the latest TBIC news and updates from a new website that has been started: http://www.tbicnews.blogspot.com The website will keep members advised of any schedule changes, meeting information, speakers scheduled, classes, trade shows, etc. It is easy to find and will also allow you to click on a link to go to the TBIC website and other important links. Our Own TV Star ?? Do we have a star among us? Seems as though one of our own has made it to the “small screen”. Wayne Rasanen was interviewed by a local news crew about his invention, the IN10DID computer interface device. His invention is an alternative to the “QWERTY” keyboard we all commonly use to type on the computer. In case you haven't seen it, he has adapted a video game controller that has 10 keys that can be used to product the entire alphabet, punctuation marks, etc. It will be easy to access it as often as you like. Reminders of the URL (web address) will be given in several ways: • When broadcast emails are sent out, the link to this update site will be included. • You can include it in your “Favorites” folder in your internet browser to make it easy to go back to again and again. • The newsletter will contain many banners that will remind you. He has been working on it for a long time, nearly ten years, and has an impressive looking prototype. A reporter and cameraman from WTSP-Channel 10 came to the TBIC facilities to interview him and filmed his invention for the afternoon show “Life Around the Bay” that airs between 4:00-5:00 on weekdays. It was nice to see the segment that featured Wayne, and if you would like to see it for yourself, you can go to: www.wtsp.com/aroundthebay/ aroundthebay_article.aspx?storyid=20770 The site has been set up to not only inform you of the latest news, but will also have an archive of older news articles. If you missed something when it was first published you can read it from the archives. Check it out! You can view the video right there on your own computer. (The Tampa Bay Inventors Council even got a brief mention.) You will recognize our Vice-President. He's the one that looks like he's playing a video game! J u s t k i d d i n g , Wa y n e . G o o d j o b . Congratulations Wayne, for getting your idea on TV. Perhaps others can follow in your footsteps … Any suggestions for this news service would be greatly appreciated. Send them by email to [email protected] . GET LATE-BREAKING TBIC NEWS www.tbicnews.blogspot.com Stay Informed – See what’s new Page 13 WEBSITES (Links) & PHONE NUMBERS Brief descriptions in parentheses U.S. Government U.S. Gov’t. General Information Site U.S. Patent & Trademark Office (800) 786-9199 U.S.P.T.O. Kids’ Page FL Patent Depository Library; Tampa (813) 974-2726 SATOP-Space Alliance Tech (NASA helps inventors; free) SBIR/STTR (gov’t. wants inventions) Small Business Administration (800) 827-5722 www.FirstGov.gov www.uspto.gov www.uspto.gov/go/kids www.lib.usf.edu/virtual/gov/patent www.spacetechsoluttons.com www.acq.osd.mil/sadbu/sbir www.sba.gov State Government Florida Department of Revenue New Business Start Up USF Technology Incubator (free help to inventors; Tampa) www.state.fl.us/dor www.sunbiz.org www.incubator.usf.edu For Inventors Edison Inventors Ass’n. (inventor’s club, Ft. Myers) Edison Inventors Youth Programs World Intellectual Property Organization National Inventor Fraud Center United Inventors Ass’n. (large nat’l. org.) Inventors Digest (magazine) Patent Café (inventor’s issues) From Patent to Profit (Bob DeMatteis; books, lessons, advice) The Basics of Patenting & Innovating Ask The Inventors That's An Idea (inventor’s directory) Inventions.com (inventor’s directory) Invention University InventNet - Inventor’s Network MIT-Lemelson Inventors Site Invention Development Innovation TRIZ (problem solving method) ASIT (inventor's problem solving method) KeyWord Patent Search (workbook) Intergraph (“SmartSketch Invent” CAD software) CAD Std (very cheap CAD software) Att’y. Referral Service Contingency Lawyer Listing Ed Dutkiewicz (reg. patent att’y.; Dunedin) David Ellis (patent att’y.; Largo) Dave Kiewit (reg. patent agent; St. Pete) Smith & Hopen (reg. patent att'y.; Clearwater) FL Inventors Network - John Blue (Tampa) www.edisoninventors.org www.edison-science-inventors-fairs.org www.wipo.org www.inventorfraud.com www.uiausa.com www.inventorsdigest.com www.patentcate.com www.frompatenttoprofit.com www.inventors.about.com/od/firststeps/ www.asktheinventors.com www.ThatsAnldea.com www.inventions.com www.inventionuniversity.com www.inventnet.com www.mit.edu/invent www.inventorehelper.com www.innovation-triz.com www.start2think.com www.keypatent.net www.intergraph.com/smartsketch/invent www.cadstd.com www,AttorneyReferralOnLine.com www.patent-dispute.com www.colitz.com http://publish.pdesigner.com/davidrellis/index.jsp www.patent-faq.com www.baypatents.com www.finjb.com Product Design, Prototyping, Manufacturing ICTT (Paul Simmons; Largo) Manufacturers Information Network Machine Design (rapid design & prototyping info.) Inventioneering (product design, prototyping; Clearwater) eMachineShop (product design, prototyping, free CAD) Mydea Technologies (product design, prototyping; Orlando) www.icttinc.com www.mfginfo.com www.machinedesign.com www.inventioneering.org www.emachineshop.com www.mydeatechnologies.com Trade Show Hosts Invention Connection Trade Show Nat’l. Network Invent Now America (USPTO contests; nonprofit org.) ERA Invention Showcase (Electronic Retailers Ass’n.) www.inventionconnection.com www.tsnn.com www.inventnowamerica.com www.americaninventiveness.org Business Data & Information SCORE (Service Core of Retired Executives) Small Business Development Center (USA) Entrepreneurial Education Information Tabulations World's Market Research Thomas Registry Industry Analysis www.score.org www.asbdc-us.org www.entre-ed.org www.census.com www.worldopinion.com www.thomasregister.com http://research.thomsonib.com/ Marketing Services Innovative Product Technologies (Pam Riddle-Bird; Gainesville) Package Management Group, Inc. (pkg. & mktg; Tampa) Big Idea Group Market Launchers Inventor’s Mall 123 Idea Village SmartInventions.com Ideas Happen (contests; age 18 - 29) www.inventone.com www.pmg-packaging.com www.BigldeaGroup.net www.marketlaunchers.com www.InventorsMall123.com www.ideavillage.com www.smart-inventions.com www.ideashappen.msn.com/Pitch/ Parts, Supplies, Materials Don’s Salvage Yard (used stuff; Clearwater) Skycraft Electronic Parts (new parts, Orlando) American Science & Surplus (mech. & elec.) W. M. Berg, Inc. (small parts supplier) American Plastics Supply (supplier & mfr.; Clearwater) www.donssalvage.com www.skycraftsurplus.com www.sciplus.com www.wmberg.com www.americanplasticsupply.com Page 14 DUES DESCRIPTIONS A Student Member at the $25.00 rate must be an active student. They may attend meetings and receive the Newsletter. A Sustaining Member ($65.00/6 mos. $125.00/yr.) enjoys the benefit of attending meetings, seminars, socializing and networking with the other members, receiving the Newsletter and participating as a reviewer in our Focus Groups. They are allowed to present their protected product to all of the various companies that come to TBIC to find new products for the market such as infomercial and catalog companies. Sustaining members are allowed to utilize our woodworking and machine shops for prototyping here at the TBIC headquarters. Members usually find other members with the prototyping knowledge that they need, and pay that member for their time and for prototyping materials used. Sustaining members also may ask to have a free Focus Group done on their product, be allowed to display their product in our designated display areas and Annual members receive a free Science Notebook, (valued at $15.00) to log progress on their invention. Corporate Membership of $250.00 will allow your corporation to elect up to 3 Corporate members to sit in on meetings as well as all of the above. Also this membership will allow said corporation to have access to new products before they are introduced to the open market. Please Respect the Other Members At a recent Board meeting, several members said they have received complaints about talking in the back of the meeting room while the meeting is going on. Some are hard of hearing, some are distracted. While we acknowledge that networking is vital for all of us, we ask in the future that you try and do before or after the meetings. Paul Simmons has also offered the use of the employee snack room in the garage area if you need to talk during the meeting. Availability is on a first come, first serve basis. Similar courtesy would be appreciated by turning off your cell phone or putting it on silent answer during the meeting. !-- gm 2004-2005 OFFICERS AND BOARD OF DIRECTORS Elizabeth Selm (President) [email protected] Wayne Rasanen (Vice-President) [email protected] Kirk Collins (Treasurer) [email protected] Irene Petree [email protected] John Blue [email protected] John Korkos [email protected] Bruce Elliott [email protected] Frank Pugni [email protected] Bob Richardson Founder: Ron E. Smith Members are invited to write letters for inclusion in the newsletter. Email to [email protected], fax to 727-547-5490 or mail to TBIC at our office address. Letters should be brief, to the point, and be accompanied by member name, email address . and phone number. Letters can be edited for clarity, taste and length. Letters will be printed as room permits. Page 15 ACTIVITIES CALENDAR (Abbreviated Holiday Schedule) Monthly Meetings Nov. 9, 2005 ....7:00 pm Next Monthly Meetings Dec. 14, 2005 .... 7:00 pm Web Site Info: Need to Reach TBIC ? Office: Phone: 727-548-5083 Toll-Free: 866-787-8242 or Call 727-251-4056 George Mouzakis [email protected] Stay Informed – See what’s new www.tbicnews.blogspot.com GET LATE-BREAKING TBIC NEWS ADDRESS CORRECTION REQUESTED Information and articles printed in this newsletter are not necessarily endorsed by the T.B.I.C. and may not be applicable to everyone. LARGO FL 33777-1622 10750-A Endeavour Way • SM Just A Note We would like to remind our members that our Board meetings are open to you if you would like to sit in on them. We usually meet at 6:00 on the first meeting date each month . SM Visit our web site for information about current and past happenings. You can also download current and past newsletters in *.pdf format. You will need to have Adobe Acrobat Reader on your computer. If you don't already have it, go to www.adobe.com/products/ acrobat/readstep2.html to download this free document viewer. TAMPA BAY INVENTORS COUNCIL www.tbic.us Newsletter Staff Executive Editor . . . . George Mouzakis Contributing Editor. . . . . . Robert Aiken Publisher . . . . . . . . Gary M. Simmons To submit articles, send emails to: [email protected] or [email protected] Articles and other items must be received by the first Tuesday of the odd months. The Tampa Bay Inventors' Council (TBIC) is a corporation as defined in Chapter 617, Florida Statutes, as notfor-profit. The corporation is organized exclusively for charitable, educational and scientific purposes. The TBIC is a 501(C)(3) charitable corporation, which allows the receiving of tax deductible contributions of goods and services. There are over 150 active members willing to share their expertise and experiences with fellow inventors.