NaTIONal INVENTOrS Hall OF FaME® INDuCTION

annual report
2010
inspiring
innovation
in america
INVENT NOW, INC.
our THANKS TO YOU
Last year we wrote to update you
on Invent Now’s successes and
national growth. We projected “a
time when there will be money and
resources to invest in new ventures”
to expand our outreach. Now
we are happy to report that
time has come.
In the past year, Invent Now
has settled into its new
headquarters in North Canton,
Ohio – with first class office
and warehouse space for 58
employees. For the first time
in 21 years, the Invent Now staff
is in one building, enabling
greater efficiency and a more
cohesive work environment.
While our strategic plan remains
focused on our core mission, we
are committed to investing in
new education and recognition
programs that promote America’s
innovative future.
Long before STEM became a
leading catchphrase, we were
using STEM to encourage kids’
creative thinking and problem
solving. Before the national
focus on innovation in America,
we were talking to partners
and sponsors about the need for
investment in our programs that
promote innovation and creative
thinking in children and adults.
And before districts looked at
test scores as an indicator of
student achievement, we were
proving the worth of our
programs through data showing
their impact.
Robert W. Briggs
Chairman
INVENT NOW, INc.
board of directors
For 38 years, Invent Now has been
a leader in promoting America’s
innovative future. We look forward
to what the new year will bring,
and we thank you for your support.
David Fink
Chief Executive Officer
INVENT NOW, INc.
Invent Now MISSION AND programs
Mission
Camp Invention
The mission of Invent Now is to be a catalyst for change
through recognizing inventors and invention, promoting
creativity, and advancing the spirit of innovation and
entrepreneurship.
Camp Invention, a one-week summer program that engages
elementary students to discover their own innate creativity
and inventiveness through hands-on science and technology
curricula as well as fun creative problem solving
Invent Now was founded in 1973 as the National Inventors
Hall of Fame to honor the individuals who conceived,
patented, and advanced the great technological
achievements since the birth of our nation.
Over the past 38 years, we have expanded that mission
by creating programs that impact over 230,000 children,
teachers, parents, college students, and independent
inventors each year.
With headquarters in North Canton, Ohio, Invent Now
operates the following programs – each designed to
recognize the contributions of our inventive society and
stimulate and engage the next generations of creative
thinkers and innovators:
TABLE OF CONTENTS
03
national inventors hall of fame ®
INDUCTION ceremony
05
07
09
11
12
13
15
17
CAMP INVENTION® AND CLUB INVENTION®
COLLEGIATE INVENTORS COMPETITION®
USPTO JOINT PROJECTS
INVENT NOW MUSEUM
NATIONAL INVENTORS HALL OF FAME® SCHOOL
SPONSORS
BOARD OF TRUSTEES
FINANCIAL STATEMENT
Club Invention
Club Invention, an afterschool program that uses inventionthemed educational challenges to extend STEM-based learning
beyond the school day
The Collegiate Inventors Competition
The Collegiate Inventors Competition, which, as the nation’s
premier honor for student-driven invention, brings national
recognition to university and college students for their
groundbreaking patentable research and innovations
National Inventors Hall of Fame Induction
Ceremony
The National Inventors Hall of Fame Induction Ceremony,
which provides an annual high-profile forum to formally and
appropriately recognize and honor Hall of Fame Inductees
on a national stage
National Inventors Hall of Fame and
Museum
The National Inventors Hall of Fame and Museum on the
campus of the United States Patent and Trademark Office,
which features changing interactive exhibits that highlight
inventors, inventions, patents, and trademarks, with special
focus on the achievements of Hall of Fame Inductees and the
history and growth of America’s intellectual property system
National Inventors Hall of Fame School...
Center for Science, Technology, Engineering
and Mathematics Learning
The National Inventors Hall of Fame School … Center for
Science, Technology, Engineering and Mathematics Learning,
a nationally-recognized middle school that uses an innovative
problem-based learning curricula. The school incorporates
Invent Now initiatives like the Visiting Inductee Program,
where Hall of Fame Inductees work with students on problembased learning and the Invent Now Museum, a state of the art
multimedia and hands-on exhibit space featuring inventionthemed exhibits.
Invent Now, Inc. 01| 02 annual report
inductee ralph baer gives his acceptance speech at the 2010
national inventors hall of fame induction ceremony
national inventors HALL OF FAME® INDUCTION
The annual National Inventors Hall of Fame Induction
Ceremony was held on March 31 at the United States
Department of Commerce in Washington, DC, the
first time in 20 years that the event was held in the
nation’s capital. In all, 16 inventors were honored at
an afternoon ceremony for innovations that spawned
industries and also contributed great value to the
American economy.
inductee yvonne brill with David Kappos, under secretary of commerce for intellectual propert y
and director of the united States patent and trademark office and Edward gray, chairman,
national inventors hall of fame, at the 2010 induction ceremony
T
en Inductees were honored posthumously for
their work, which gave us manmade diamonds,
modern day diving equipment, the polymer
sheathing used on communications cables, and
research into pharmaceuticals to treat cancer.
Also honored for their contributions were five
living Inductees. Their innovations ranged from
the first home video games, to the resilient glass
ceramics used in both rockets and CorningWare®
dishes, to the time navigation system that led to
today’s GPS.
Attendees later enjoyed a black-tie evening, with a
reception and dinner at the National Inventors Hall
of Fame and Museum on the campus of the United
States Patent and Trademark Office in Alexandria,
VA. As part of the evening’s entertainment,
emcee Neal Conan hosted one-on-one chats with
the Inductees and Inductee representatives. Many
past Inductees of the National Inventors Hall of
Fame were in attendance, helping to celebrate
an outstanding class of inventors and their
remarkable achievements.
“We were delighted to have the annual Induction
Ceremony return to our nation’s capital last year and
are even more pleased that it will be held at the historic
home of the USPTO – the Smithsonian American Art
Museum – in the coming years.”
david j. kappos, under secretary of commerce for intellectual property and director of the
united states patent and trademark office
EMCEE NEAL CONAN, host of national public radio’s
talk of the nation, ASKS questions to 2010 inductees
art fry (L) and spencer silver (R) at the national
inventors hall of fame gala dinner held at the united
states patent and trademark Office.
2010 Posthumously
Honored Inductees
2010 Living Inductees
Ralph Baer
MAGNAVOX ODYSSEY VIDEO
GAME SYSTEM
Yvonne
Brill
Jacques-Yves Cousteau
and Emile Gagnan
BAER
SILVER
HYDRAZINE/HYDRAZINE
RESISTOJET
PROPULSION SYSTEM
Brill
FRY
folkman
H. Tracy Hall
Francis Bundy
Herbert Strong
Robert Wentorf, Jr.
hall
bundy
strong
hawkins
winslow
lanza
wentorf, jr.
SYNTHETIC DIAMOND
POST-IT® NOTES
GLASS CERAMICS
gagnan
M. Judah Folkman
Spencer Silver
and Arthur L. Fry
S. Donald Stookey cousteau
ANGIOGENESIS INHIBITION
Roger Easton
TIMATION NAVIGATION
SYSTEM
AQUALUNG DIVING
EQUIPMENT
easton
stookey
W. Lincoln Hawkins
Field Winslow
Vincent Lanza
POLYMER CABLE SHEATH
“It’s an honor to be surrounded by such an impressive group of
inventors who each had an impact on our world and the way
we live our lives.”
YVONNE BRILL
Invent Now, Inc. 03| 04 annual report
camp INVENTION® and club INVENTION®
In 2010, Invent Now inspired over 73,000 children in grades one through six through
the innovative Camp Invention and Club Invention programs. Providing a creative
outlet for learning through discovery, over 1,400 schools and organizations hosted
Invent Now education programs in 48 states.
L
ed by teachers in over 1,100 schools nationwide, Camp Invention is a weeklong summer program with
curricula focused on developing creative and inventive
thinking and problem solving through science, technology,
engineering, and mathematics (STEM). Camp Invention
incorporates history, arts, and entrepreneurship along
with collaboration and teamwork – learning skills
essential to success in the global workforce of the 21st
century. New curricula in 2010 included:
• Power’d™, which encourages children to investigate wind, solar, and hydro power and learn about electrical
power and circuits by tinkering with motors and
batteries. Children learn about renewable and
nonrenewable energy and how math and physics
impact engineering.
• Hatched™, which introduces children to the importance
of economics and entrepreneurship by rebuilding the
marketplace of a disappearing virtual world.
• SMArt: Science, Math & Art™, which uncovers the
beauty of math without numbers as children explore
mathematical fields of tesselations, topology, minimal
surfaces, fractals, and angles through soap bubbles,
honeycombs, and lightning bolts.
“For the teachers
there has been a
positive change in
classroom practice
and a viral effect
created as these skills
benefit hundreds of
students each year.”
CINDY MOSS, DIRECTOR OF STEM,
CHARLOTTE-MECKLENBURG SCHOOLS
• I Can Invent: Edison’s Workshop™, which encourages
children’s exploration of entrepreneurship, including
business and economic theory and practice, by inventing
products that are marketed and priced to sell to
consumers.
The nationally-acclaimed Club Invention afterschool
program also extends 21st century learning skills by
offering schools and community organizations a flexible
solution to reinforce and supplement school-year learning
through STEM-based activities. Club Invention curricula
focus on encouraging children to construct original
hypotheses, develop a strategy for experimentation,
observe science in action, analyze results, and present
their conclusions according to data findings.
With support from over 250 sponsors nationwide, Invent
Now’s education programs embrace the principle that
nothing could be more important than investing in the
youth of today to ensure a better tomorrow.
Camp invention children develop creative and inventive thinking and problem
solving skills in the nationwide weeklong summer program.
Invent Now, Inc. 05| 06 annual report
collegiate
inventors
Competition®
The 2010 Collegiate Inventors Competition
was held at the National Press Club in
Washington, DC on October 27. Alice Chen
of the Harvard/MIT Health Sciences and
Technology Program received the $15,000
graduate first prize for her work implanting
human liver cells in mice to improve the
efficacy of pharmaceutical and medical testing.
Mark Jensen of Brigham Young University
received the $10,000 undergraduate first
prize for his invention of a manufacturing
method for an industrial braiding machine
that creates composite lattice structures
used for communication towers.
A PROGRAM OF INVENT NOW
alice chen, of harvard/mit health sciences and technology program,
received the $15,000 graduate first prize in the 2010 collegiate
inventors competition
mark jensen, of brigham young universit y, received the $10,000
undergraduate first prize in the 2010 collegiate inventors
competition
“Participating in the Collegiate
Inventors Competition was a
phenomenal experience from
beginning to end ...it was an
opportunity to share mutual
passion for invention with other
equally passionate students ...
I came away with newfound
confidence, new friends, and
a renewed motivation to help
encourage others to pursue
their ideas. It was an experience
I’ll always carry with me.”
ALICE CHEN
“The Collegiate Inventors Competition provides an important opportunity to honor today’s most
promising young inventors and scientists, and to highlight the importance of innovation in our daily
lives. We’re proud to partner with Invent Now and the United States Patent and Trademark Office to
support the Competition as part of our broader effort to help inspire today’s science and engineering
students – who may go on to discover tomorrow’s breakthrough medicines and medical devices.”
CINDY SCHWAB, VICE PRESIDENT OF THE ABBOTT FUND, THE NON-PROFIT FOUNDATION OF THE GLOBAL HEALTH CARE COMPANY ABBOTT
O
ther winners included Graduate teams from
Harvard, MIT, and the University of Massachusetts
and Undergraduate teams from Dartmouth College
and Johns Hopkins University. The Competition was
judged by National Inventors Hall of Fame Inductees
Don Bateman, Ted Hoff, Don Keck, Al Langer, and
Jim West as well as representatives from Abbott
Laboratories, the United States Patent and Trademark
Office, the National Institutes of Health, and the
White House Office of Science and Technology Policy.
T
he Collegiate Inventors Competition brings
recognition to exemplary college students who
are active in science, technology, engineering,
mathematics, and creative invention. The
Competition honors individuals and teams with
original research, discoveries, and inventions that
have the potential to receive patent protection and
impact society. The Collegiate Inventors Competition
is sponsored by the Abbott Fund, the non-profit
foundation of the global health care company Abbott,
and the United States Patent and Trademark Office.
Introduced in 1990, the Competition has awarded
more than $1 million to winning students for
their innovative achievements through the help of
its sponsors.
alice chen, Graduate first prize winner with dr. dale kemph, distinguished research
fellow, abbott laboratories and dr. jasemine chambers, deput y administrator for policy
and external affairs, united states patent and trademark office
David kappos, under secretary of commerce for intellectual propert y and director,
united states patent and trademark office
national inventors hall of fame inductee and judge DON KECK asks mark jensen
about his invention at the 2010 collegiate inventors competition
2010 collegiate inventors competition winners
Invent Now, Inc. 07| 08 annual report
national inventors hall of fame inductee
art fry addressed the attendees of
the 15th annual independent inventors
conference
INDEPENDENT INVENTORS CONFERENCE
T
he 15th Annual Independent
David Kappos, Under Secretary
Inventors Conference, co-sponsored of Commerce for Intellectual
by the United States Patent and
Property and Director of the
Trademark Office (USPTO) and Invent
USPTO welcomed the attendees
Now, was held in Alexandria, VA at
who included inventors and
the USPTO campus on November 4-5.
entrepreneurs from across the
This annual conference is designed
United States and from abroad.
to provide invaluable information
Art Fry, a 2010 National Inventors
about the patent process and support Hall of Fame Inductee and
for America’s unique independent
co-inventor of the Post-it® Note,
inventor community. Conference
also addressed the attendees
sessions included help from experts
with an inspirational presentation
in patent and trademark searching,
on his inventive process.
drafting claims, and working with
Additional speakers included
a patent attorney. In addition, all
representatives from Invent Now
attendees had the opportunity to
and the Kauffman Foundation, as
participate in one-on-one sessions
well as USPTO patent examiners
with experts in the field – from
and trademark attorneys.
procuring a patent or trademark to
bringing ideas to market.
USPTO JOINT PROJECTS
“During the past year we have seen a major increase in attendance at the National
Inventors Hall of Fame and Museum. Clearly the addition of the Hall of Fame to the
museum has been a major contributor. Also, the Inventive Eats: Incredible Food
Innovations exhibit produced by the Invent Now team has been a real crowd pleaser –
a fact confirmed by the continued press coverage and attendance figures.”
richard maulsby, ASSOCIATE COMMISSIONER OF PATENTS FOR INNOVATION DEVELOPMENT, UNITED STATES PATENT AND TRADEMARK OFFICE
TRADEMARK EXPOSITION
T
he National Inventors Hall
of Fame also partnered with
the USPTO to help produce
the 2010 Trademark Exposition
which was held at the USPTO
campus on October 15-16.
Over 10,000 people attended
the Expo, which featured
themed displays, company
booths, interactive exhibits,
and educational workshops
for adults and children on
trademarks, anti-counterfeiting
measures, and intellectual
property tips for small
businesses. This year’s
Expo featured trademarks
including 5-hour ENERGY®,
Chick-Fil-A®, Dippin’ Dots®,
Geico®, Hershey’s®, Idaho
Potato Commission, and
Travelers® Insurance, among
others. The focus of the annual
Expo is to inform and educate
the general public about the
vital role trademarks play in
our society and in the global
marketplace.
the ribbon cutting ceremony at the 2010 trademark exposition held at the
united states patent and trademark office
the inventive eats: incredible food innovations exhibit at the
national inventors hall of fame and museum located in alexandria, virginia
national inventors HALL OF FAME AND MUSEUM
T
Bill euille, mayor of alexandria, va, addressed attendees of
the opening ceremony of the inventive eats: incredible food
innovations exhibit
Historic patent models on display at the National Inventors
Hall of Fame and Museum in Alexandria, Va
he National Inventors Hall
of Fame and Museum is located
at the United States Patent and
Trademark Office campus in
Alexandria, VA, giving prominence
to the Inductees of the Hall of
Fame. Large panels feature the
names of all the Inductees and an
interactive kiosk allows visitors
to learn more about each inventor.
The latest exhibit at the museum,
Inventive Eats: Incredible Food
Innovations, highlights historic
advances, current trends, and
future technologies relating to the
food industry. The exhibit features
such notable Hall of Fame Inductees
as John H. Kellogg, inventor of corn
flakes, Clarence Birdseye, inventor
of the modern process for freezing
food, Donald Stookey, inventor
of the glass ceramic found in
CorningWare®, and Lloyd Hall, who
revolutionized the meatpacking
industry. In this exhibit, visitors
are taken on a culinary journey
celebrating these delicious
innovations of yesterday, today,
and tomorrow. The museum is
open to the public.
national inventors hall of fame,
ALEXANDRIA, VA
Invent Now, Inc. 09| 10 annual report
invent now MUSEUM and store
I
n 2010, Invent Now celebrated the opening
of the new Invent Now Museum adjacent to
the National Inventors Hall of Fame School in
downtown Akron, OH. The Museum is a state of
the art multimedia and hands-on exhibit space
featuring invention-themed exhibits as well
as a store featuring innovative products and
themed apparel.
T
he opening exhibit, The Art of Invention:
The Invention of Art, highlights over
50 works of art that have emerged from
inventions, patents, and trademarks. Exhibits
change annually and will celebrate invention.
The Museum is free to the public through the
generous support of its sponsors and serves
as a resource for NIHF School students
throughout the year.
The exhibit the art of invention: the invention of art
highlights over 50 works of art that have emerged
from inventions, patents, and trademarks.
national inventors HALL OF FAME® school...
center for science, technology, engineering
and mathematics learning
Invent Now is pleased to be a partner with the National
Inventors Hall of Fame (NIHF) School, focused on STEM
for middle grades 5-8. Construction is complete on the
school’s permanent location in downtown Akron, Ohio,
which opened September 1, 2010. The NIHF School is
currently operating with grades 5-7, and grade 8 will
be added during the 2011-12 school year.
T
he school is being recognized nationally as a model for STEM
education and was featured in the July 19, 2010 Newsweek
cover story, “The Creativity Crisis.” In addition to exploring the
new NIHF School’s innovative approach to teaching and learning,
“The Creativity Crisis” discusses National Inventors Hall of Fame
Inductee Jim West’s involvement with the NIHF School.
“I was so amazed at how much
the kids looked at me like someone
they would aspire to be. It is so
good that they are looking at
heroes who are not necessarily
associated with entertainment.”
JIM WEST
I
nvent Now operates the Visiting Inductee Program in
collaboration with the school. The program partners National
Inventors Hall of Fame Inductees with students in problembased learning both on-site and through distance learning. In
2010, Inductees Jim West (inventor of the electret microphone)
and Helen Free (inventor of the dip-and-read self-testing for
diabetes monitoring) spent time with students to work on
improving the school’s library acoustics and to learn how blood
sugar impacts the human body.
national inventors hall of fame inductee jim west talks with students
from the nihf school
Invent Now, Inc. 11| 12 annual report
“We always knew that we would be the keeper
of Dad’s legacy, and we felt very strongly that
the best way to honor him was by creating
scholarships that would nuture future inventors.”
ANDREA JOEL
“Dad loved the exuberance of youth and their
inquisitive minds. The Amos E. Joel Young
Inventors Endowment provides Camp Invention
with the means to support and encourage young
inventors, giving them the opportunities to
develop their own creative imaginations. ”
STEPHANIE JOEL
NATIONAL INVENTORS HALL OF FAME INDUCTEE AMOS JOEL, JR. with his daughters
stephanie joel and andrea joel, at national inventors hall of fame activities
in washington, dc
SPONSOR LISTINGS
Annual Fund, General Operating,
AND BUILDING SPONSORS
Camp Invention®
Akron Tomorrow
Anonymous
Stanley Apple, C.P.A.
Association of Fundraising
Professionals, North Central OH Chapter in honor of Ashley Kellicker
Belden Brick
Rob Briggs
Bunzl Distribution Midcentral, Inc.
Anne H. Chasser
Continental Airlines
Corning Incorporated
Mr. Anthony J. D’Alessandro
Raj Davé
Design Concepts
Stephen P. Fox
Edward Gray
Dr. & Mrs. Marcian and Judy Hoff
IBM
Licensing Executives Society USA
and Canada
James E. Malackowski
Rajive Mathur
Rick Nydegger
Mr. Robert P. Reffner
Roricks, Inc.
Second Hand Treasures
Frances G. Shoolroy Family
Foundation
Wayne Sobon
Dr Stephen L Squires, PhD
Gary M. Sterling
Swiss Precision
Timken Foundation of Canton
Unlimited Ink
Bryan and Royce Warrick
Jon Wood
James J. Wynne
United States Patent and
Trademark Office
National Sponsor
Regional Sponsors
3M Foundation
American Electric Power
American Intellectual Property
Law Association
Antioch Junior Women’s Club
Antioch Lions Club
Atrisco Heritage Foundation
BAE Systems
Clyde E. Bailey, Sr. Camp Invention Memorial Fund
Ballard County Family Resource
& Youth Services Center
Baltimore Community Foundation
Edward E. and Helen Turner Bartlett Foundation
Bechtel Marine Propulsion Corporation
Bloomington Lions Club
Boeing – Employee Community Fund
Glenn R. and Alice V. Boggess
Memorial Foundation
Boyle Fredrickson SC
BP America Production Company
Bridgestone Americas, Inc.
Bridgestone Americas Trust Fund
Buckingham, Doolittle & Burroughs Fund of Akron Community
Foundation
Lisle M. Buckingham Fund of Akron Community Foundation
Carlsbad Educational Foundation
The Charro Foundation
The Henry V. and Frances W.
Christenson Foundation
Cisco Systems, Inc.
The George W. Codrington
Charitable Foundation
Columbia County Foundation for Children, Inc.
Continental Airlines
The Dekko Foundation
Dial Enterprises, Inc.
The Dow Chemical Company
Dow Corning Foundation
Duke Energy
East Central Public School
ExxonMobil Chemical Company
Falcon Foundation
Fifth Third Bank
Fisher-Titus Medical Center
Edith Flanigen
Ford Motor Company
Ford Motor Company Fund
The Al and Helen Free Foundation
GAR Foundation
Max and Helen Guernsey Charitable Foundation
Headwaters Science Center
Honda of America Mfg., Inc.
Intel Corporation
Intel Foundation
Jarden Consumer Solutions
Community Fund
Martha Holden Jennings Foundation
The Jochum-Moll Foundation
Andrea and Stephanie Joel
The Amos E. Joel Young Inventors Endowment
Johns Hopkins Health Systems
Killeen Evening Lions Club
Kimberly-Clark Corporation
Kiwanis Club of Fairfield Plantation
KMTelecom
Lockheed Martin
The Lubrizol Foundation
The Sisler McFawn Foundation
Michigan Intellectual Property
Law Association
Micron Foundation
Milliken & Company
W. Paul Mills and Thora J. Mills
Memorial Foundation
The Laura R. and Lucian Q. Moffitt Foundation
The Burton D. Morgan Foundation
Motorola Foundation
Newberg Rotary Foundation
Nordson Corporation Foundation
North Carolina GlaxoSmithKline Foundation
Northside Elementary School
The Ohio Lottery
Ohio STEM Committee
Optimist Club of Monroe, WI Inc.
Otis Elevator Company
Peak 10
Pine Branch Coal Company
Prairie Elementary School
The Reinberger Foundation
Charles E. and Mable M. Ritchie
Memorial Foundation
Rotary Club of Antioch
Sandia National Laboratories /
Lockheed Corporation
SAP America, Inc.
Schweitzer Engineering Laboratories, Inc.
Science Center of Pinellas County
Scottsdale Supporters of the Gifted
Scottsdale Unified School District Foundation
Dr. & Mrs. Spencer Silver
Lloyd L. and Louise K. Smith Memorial Foundation
Sony Electronics, Inc.
South East Education Cooperative
Sweetwater County BOCES
The Swiss Colony, Inc.
Tessera North America
Time Warner Cable
Tipton County Education
Foundation, Inc.
The Troy Foundation
“The combination of innovation and entrepreneurship has shaped
our nation. For that reason the Kauffman Foundation has been a
proud supporter of various programs of Invent Now, specifically
those that fan the flames of intellectual pursuits while recognizing
the outcomes of such pursuits and their impact in humanity.”
THOM RUHE, DIRECTOR OF ENTREPRENEURSHIP, EWING MARION KAUFFMAN FOUNDATION
II-VI Foundation
Walmart Stores, Inc.
The S.K. Wellman Foundation
James and Marlene West
Westinghouse Electric Company
Wichita Cargill Cares Council
Wisconsin Energy Foundation
The Wittrup & Rhodes Family
Charitable Fund
Womble Carlyle Sandridge
& Rice, PLLC
Wyoming Community Foundation
Xcel Energy Foundation
ZPS Group, SC
COLLEGIATE INVENTORS COMPETITION®
Presenting Sponsors
Abbott Fund
United States Patent and
Trademark Office
Bridgestone Americas, Inc.
IBM
Dr. & Mrs. Don and Ruth Keck
John S. and James L. Knight Foundation
United States Patent and
Trademark Office
Regional Sponsors
American Intellectual Property Law
Association
Babcock and Wilcox Power Generation Group, Inc.
Cleveland Intellectual Property Law
Association
The Community Foundation of
Lorain County
Daniels Fund
The Denver Foundation
DSF Charitable Foundation
ExxonMobil Chemical Company
Ford Motor Company
Martha Holden Jennings Foundation
The Jochum-Moll Foundation
Kinder Morgan Foundation
The Burton D. Morgan Foundation
The Nord Family Foundation
Nordson Corporation Foundation
Time Warner Cable
The Whittenberger Foundation
INVENT NOW ENDOWMENT –
CHILDREN’S EDUCATION FUND
Andrea & Stephanie Joel
Dr. Irwin Lachman
Drs. Klaus and Joel Schmiegel
INDUCTION CEREMONY
NIHF SCHOOL
AND INVENT NOW MUSEUM
Presenting Sponsor
Apple Growth Partners
Benesch, Friedlander, Coplan
& Aronoff, LLP
Bridgestone Americas Trust Fund
Lisle M. Buckingham Fund of Akron Community Foundation
FirstMerit Bank
The Goodyear Tire & Rubber Company
John S. and James L. Knight
Foundation
OMNOVA Solutions Foundation
SUMMA Health System
Jon Wood
Club Invention®
National Sponsor
Leydig, Voit & Mayer, Ltd.
Palmaz Vineyards
Dr. Kathleen Taylor
Verizon
United States Patent and
Trademark Office
3M
Accenture
American Chemical Society
American Intellectual Property
Law Association
ASRC Management
Lisle M. Buckingham Fund of Akron
Community Foundation
Dr. Lloyd Conover
Continental Airlines
Corning Incorporated
Covington & Burling LLP
Dickstein Shapiro LLP
Ruth Donnocker
Finnegan, Henderson, Farabow,
Garrett, & Dunner, LLP
Fitch, Even, Tabin, and Flannery
Thomas Fogarty Winery & Vineyards
IPO Education Foundation
Ewing Marion Kauffman Foundation
Dr. and Mrs. Don and Ruth Keck
Mr. Michael Kirk
John S. and James L. Knight Foundation
Invent Now, Inc. 13| 14 annual report
“Since 1973, Invent Now has been working hard to foster innovation
in America. President Obama recognized recently that, despite the
economic challenges facing the nation, ‘the first step in winning the
future is encouraging American innovation.’ We are proud of the
impact of Invent Now’s work, and excited for the growth in inventive
effort made possible through the support of our friends and sponsors.”
Edward W. Gray, Jr. Esq., CHAIRMAN, National Inventors Hall of Fame, Inc.
board of TRUSTEES
Invent Now, Inc.
BOARD OF DIRECTORS
DIRECTORS
OFFICERS
Dr. Jean Bailey
Chairman
Mr. Robert W. Briggs
president, gar foundation
Vice Chairman
Dr. Donald B. Keck
Vice President and director of
the office of research, corning, inc.
(RETIRED); NATIONAL INVENTORS HALL
OF FAME INDUCTEE
Treasurer
Associate General Counsel,
Director of Intellectual Property,
Legal Group, Accenture
Mr. Raj S. Davé
Mr. Gary Sterling
partner, pillsbury winthrop
shaw pittman llp
RETAIL CONSULTANT, Dick’s Sporting
Goods (Retired)
Mr. Stephen P. Fox
Mr. Jon Wood
vice president & deputy general
counsel, hewlett-packard company
(retired)
Mr. Stanley L. Apple
Mr. Edward W. Gray, Jr.
Principal, Apple Growth Partners
partner, fitch, even, tabin & flannery
Assistant Treasurer
Ms. Christine Karbowiak
Ms. Rhonda L. Campbell
Chief Financial Officer,
INVENT NOW, Inc.
chief administrative officer,
bridgestone americas, inc.
Mr. James E. Malackowski
Secretary
president & ceo, icmb ocean tomo
VICE PRESIDENT, Human Resources &
Board relations, INVENT NOW, Inc.
Mr. Rajive Mathur
Ms. Heather L. George
Mr. Wayne P. Sobon
graduate PROFESSOR AND DIRECTOR,
CENTER FOR DRUG ABUSE RESEARCH,
HOWARD UNIVERSITY
Vice president, online strategy,
fidelity investments
Mr. Rick D. Nydegger
partner, workman nydegger
Mr. Robert Reffner
Vice President, Legal, FirstEnergy
Corporation
Chief counsel, intellectual property,
bridgestone americas, inc.
Girls at a Motorola
Foundation-funded Camp
Invention site in Florida build,
test, and recreate structures that
can withstand varying weights
National Inventors Hall of Fame, Inc.
BOARD OF DIRECTORS
INDUCTEE SELECTION COMMITTEE
OFFICERS
Mr. Paul Baran*
Mr. Philip Johnson
Chairman
Chairman, novoventures, inc.;
national inventors hall of fame
inductee
Chief Patent Counsel,
Johnson & Johnson
Partner, Fitch, Even, Tabin &
Flannery
Dr. Forrest M. Bird
Partner, Vinson & Elkins, LLP
Mr. Edward W. Gray, Jr.
VICE CHAIRMAN
President, Bird Space Technology, Inc.;
national inventors hall of fame
inductee
vice president & deputy general counsel,
hewlett-packard company (Retired)
Dr. W. Bernard Carlson
Mr. Stephen P. Fox
Vice President of Selection
Mr. Frederick E. Allen
LEADERSHIP Editor, Forbes
Secretary
Ms. Rini Paiva
Executive Director, National
Inventors Hall of Fame, Inc.
TREASURER
Ms. Rhonda Campbell
CHIEF FINANCIAL OFFICER,
INVENT NOW, INC.
professor, university of virginia
Dr. Hattie Carwell
Operations Lead, Lawrence Berkeley
National Laboratory (retired)
Ms. Anne H. Chasser
Associate Vice President
for Intellectual Property,
University of Cincinnati
Dr. Lloyd H. Conover
Senior Vice President, Pfizer Central
Research (retired); national
inventors hall of fame inductee
Ms. Inger H. Eckert
Chief Counsel Intellectual Property,
International Paper
Ms. Edith M. Flanigen
*deceased
Dr. James J. Wynne
Program manager, local education
outreach, ibm research; national
inventors hall of fame inductee
Mr. Robert Lindefjeld
General Counsel and Chief
Intellectual Property Counsel,
Nantero, Inc.
Mr. Douglas Luftman
vice president and chief patent
counsel, cbs interactive, inc.
Mr. Steven W. Miller
Vice President & General Counsel,
Intellectual Property, The Procter
& Gamble Company
Mr. C. Edward Polk, Jr.
Senior Counsel, Foley & Lardner, LLP
Ms. Teresa Stanek Rea
Partner, Crowell & Moring
Dr. Rochelle Seide
vice president, intellectual
property, biovail laboratories intl.
srl
Mr. James R. Sobieraj
Patent Counsel, Brinks Hofer Gilson
& Lione
Mr. Melvin C. Garner
Dr Stephen L Squires, PhD
Dr. Marcian E. Hoff, Jr.
Dr. Kathleen C. Taylor
Chief Technologist, FTI Teklicon
(retired); national inventors
hall of fame inductee
Professor, Johns Hopkins University;
national inventors hall of fame
inductee
Mr. William L. LaFuze
Consultant, UOP Fellow (retired);
national inventors hall of fame
inductee
Partner, leason ellis
Dr. James E. West
Information Technologies Consultant
Director of the Materials & Processes
Laboratory, General Motors (retired)
Invent Now, Inc. 15| 16 annual report
Invent Now maintained a steady enrollment
in Camp Invention and Club Invention, despite
current economic challenges. With the ability
to maintain expenses, and careful controls on
cash and investments, Invent Now increased
its net assets by 5% over 2009.
FINANCIAL statement
Statement of Activities
2010
2009
Camp Invention &
Club Invention
$11,224
$11,007
Government,
Foundation, &
Corporate Grants
$4,567
$5,485
Stores
$135
$133
Realized & Unrealized
Gains (Losses)
$424
$530
Other Revenue
$31
$45
TOTAL REVENUE
$16,381
$17,200
Outside Services
$6,189
$6,339
Salaries, Wages,
& Benefits
$4,794
$4,454
Other Expenses
$1,830
$2,082
Printing, Postage,
& Supplies
$1,987
$1,616
Advertising
$668
$685
Depreciation
$453
$601
TOTAL EXPENSES
$15,920
$15,777
Increase/(Decrease)
in Net Assets
$460
$1,423
General &
Administrative
NET ASSETS,
BEGINNING OF YEAR
$11,909
$10,486
Fundraising
NET ASSETS,
END OF YEAR
$12,369
$11,909
REVENUE
2010 Revenues
68%
Camp Invention &
Club Invention
2010 Expenses
84%
Programming
EXPENSES
28%
4%
Government,
Foundation, &
Corporate Grants
14%
All Other
2%
Contact info
To support Invent Now and its programs,
please visit:
https ://donate.invent.org
or contact Hannah Paulin, Executive Director
of Development and Endowment at
[email protected].
For more information on our programs, visit:
www.invent.org
photo credits
Statement of Financial Position
Ralph Baer
2010
2009
ASSETS
PORTRAIt courtesy of ralph h. baer
Yvonne Brill
PORTRAIT Courtesy of yvonne brill
Cash & Cash
Equivalents
$4,690
$3,934
Arthur Fry
Accounts Receivable
$123
$182
Spencer Silver
Grants Receivable
$146
$18
Inventories
$191
$447
3M
3M
Jacques-Yves Cousteau
international scuba diving museum
Emile Gagnan
Investments Market Value
international scuba diving museum
M. Judah Folkman
Endowment
$3,592
$3,198
Operating
$427
$381
Board
$464
$414
provided by phillip hawkins
Other Assets
$206
$251
Vincent Lanza
Buildings, Exhibits,
Collections, &
Equipment - Net
$3,673
$3,919
TOTAL ASSETS
$13,510
children’s hospital boston archives
W. Lincoln Hawkins
courtesy of drew lanza
Field H. Winslow
courtesy of field h. winslow family
$12,744
Francis Bundy, H. Tracy Hall, Herbert Strong,
and Robert Wentorf, Jr.
courtesy of schenectady museum
LIABILITIES AND NET
ASSETS
Other contributors:
Accounts Payable
& Accrued Expenses
$413
$231
Other Liabilities
$728
$604
TOTAL LIABILITIES
$1,141
$835
NET ASSETS
$12,369
$11,909
TOTAL LIABILITIES
AND NET ASSETS
$13,510
$12,744
*Amounts rounded to the thousandth ($000)
Chester Simpson Photography
Invent Now, Inc.
United States Patent and Trademark Office
National Inventors Hall of Fame, Camp Invention, Club Invention,
Collegiate Inventors Competition, and Invent Now are
are registered trademarks.
© 2011 Invent Now, Inc. All Rights Reserved.
Invent Now, Inc 17| 18 annual report
Invent NOW, INC.
3701 Highland Park NW, North Canton, OH 44720
www.invent.org
Programs of Invent Now are done in
partnership with the United States
Patent and Trademark Office