Profiting from intellectual property requires a choice: license your patented invention for royalties, or produce it, market it, and sell it yourself. Here are some licensing tips Scott has compiled from his experiences with inventors over the last 15 years. Tip #1: License it or manufacture it yourself? Unless you have the the time, money, …
Determination, dilligence and a mid-life layoff were all he needed to make his invention the biggest-selling snow shovel in the U.S. and Canada. Howie Rosenshine was a fifty-year old software engineer when his employer of 22 years, Sun Microsystems, was bought out by Oracle. It wasn’t long before the layoffs began. That’s when Rosenshine was …
How do we avoid infringing others’ patents while obtaining the strongest patent possible for our own invention? When we focus on protecting our intellectual property, we sometimes fail to consider the possibility of infringing on someone else’s patent. A common belief among inventors is that The US Patent and Trademark Office protects inventors from infringing. …
Congratulations to our client Roberto Smith for his snowboard-longboard conversion kit, U.S. Patent No. 10427026. Convert a snowboard to a skateboard or longboard, or convert your skateboard into a snowboard. This kit converts a snowboard to a long skateboard (“longboard”) by use of added trucks and structural supports. It combines the properties of a snowboard …
This December, the patent for Pfizer’s goldmine drug Lyrica will expire. Lyrica is prescribed for neuropathic illnesses such as epilepsy and fibromyalgia. Since its approval in 2004 Lyrica has made billions for Pfizer: in only three of its 14 years of sales, Lyrica sold over $10 billion worth of this drug. (Pfizer’s total revenue for …
In judging whether to fund an entrepreneur, venture capitalists rely on more than just the gut feeling they’re famous for. In his book The Checklist Manifesto: How to Get Things Right, writer and surgeon Atul Gawande writes: “But finding a good idea is apparently not all that hard. Finding an entrepreneur who can execute a good idea …
Image courtesy Mike Licht, NotionsCapital.com Last week at lunch, my colleague ordered an “Impossible Burger.” It took about two bites to understand why they called it “Impossible,” because this burger looked, tasted and went down like meat. It was, however, not meat. My colleague slid the dish over to me for a meat-eater’s opinion. I took a …
This past weekend, the New York Times reported that American diplomats suffered “sonic delusions” and possible brain damage during mysterious sonic attacks in 2016 in Havana, Cuba and Guangzhou, China. The “microwave weapon” attacks caused the medical evacuation of 21 American diplomats in 2017, as well as the expulsion by President Trump of Cuban diplomats …
Ever since this thing called the Internet erased our horizons, many of us have found ourselves conducting business far outside the United States. For many of our clients, filing a patent in the United States is not enough. They seek also to protect their invention overseas, where the rules are different. U.S. patents do not afford …
Trump’s proposed tariffs bode poorly for small business. When you work with startups, you get a ground-level view of economic trends in action. In the last few weeks we’ve been watching how the Trump administration’s new trade threats are affecting our clients. As you probably know, President Trump just announced tariffs of 25 percent on about …