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COMMERCIALISING INVENTIONS

COMMERCIALISING INVENTIONS. FROM INVENTION TO COMMERCIALISATION. Presentation by Stuart Fox Chairman Inventors Society of Australia (ISA). Launching New Products …. Routes Options Rewards. INTELLECTUAL PROPERTY. Patents Registered Designs Trademarks.

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COMMERCIALISING INVENTIONS

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  1. COMMERCIALISING INVENTIONS

  2. FROM INVENTION TO COMMERCIALISATION Presentation by Stuart Fox Chairman Inventors Society of Australia (ISA)

  3. Launching New Products … • Routes • Options • Rewards

  4. INTELLECTUAL PROPERTY • Patents • Registered Designs • Trademarks

  5. Patents & Objectives • Not possible to Patent the OBJECTIVE However, You May be Able to • Patent the Means of ACHIEVING the objective

  6. COMMERCIALISE, SELL OR LICENSE THE IDEA??

  7. DO IT YOURSELF … ORENGAGE OTHERS?

  8. IS THE PRODUCT COMMERCIALISABLE??

  9. TIPS • Engage Market Researcher • Will the product Fit the Marketplace • Promotion & Profitability

  10. Pricing is a SCIENCE in Itself

  11. Combining: • IP Rights • Appearance • Name/Trade Mark • Cost • Function • Performance • Newness

  12. Contributes to .. • Desire • Market Success • Price Sustainability

  13. FOCUS May be better to concentrate on MARKETING rather than PRODUCING

  14. OPTIONS Outsource Manufacturing Appoint Distributor or Wholesaler Sell Licensing

  15. CAPITAL $ Investors $$ Business Angels $$$ Venture Capitalists

  16. AGREEMENTS • Confidentiality Agreement • Company Agreement • Non Confidentiality Agreement • Letter of Understanding

  17. INVENTION BROKERS?? Verifiable References

  18. Options for Licensing Agreements • ROYALTY for each Unit Produced • Outright Sale • Combination of the Two

  19. ROYALTIES • Profitability of the Invention • Research and Development

  20. AVAILABLE ASSISTANCE • Patent Attorneys • Licensing Executive Society (LES)

  21. OFFSHORE PRODUCTION • EXPORT OPPORTUNITIES

  22. ULTIMATE GOAL Bringing the Benefit of the Innovation to AS MANY PEOPLE as possible PLUS Reward and RECOGNITION to the INVENTOR

  23. If You Can Do Something or Dream You Can,then Begin it,for Boldness has Magic and Genius in it! Goethe - Poet and Philosopher

  24. INVENTORS SOCIETY OF AUSTRALIA (ISA) PLEDGED  TO  SERVE  INVENTORS  &  THE  NATION  BY  INCREASING THE  SUCCESS  RATE   OF AUSTRALIAN  IDEAS.   NON  -  PROFIT M I S S I O N    S T A T E M E N T HELPING  EMPLOYMENT,  EXPORTS,  THE DISABLED & THE  ENVIRONMENT THROUGH EDUCATION & BY NETWORKING  INVENTIONS & INNOVATIONS WITH THE COMMUNITY, INDUSTRY & COMMERCE FOR THE WELFARE OF A BETTER COUNTRY & WORLD.

  25. ISA CONTACTS PO  BOX  7108,  BONDI  BEACH,  NSW  AUSTRALIA,   2026. Telephone: (612) 8300 1862, (612) 9389 4905   (61) 425 211 862 (mobile) E-MAIL  sffox@ihug.com.au www.inventoz.com 

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