Everyday Edisons & Inventors Digest

742_ Producer of Everyday Edisons and Publisher of the Inventors Digest
At the DaVinci Inventors Showcase, Louis Foreman was a keynote speaker. Louis is the creator of the Emmy® Award winning PBS TV show, Everyday Edisons and serves as the Executive Producer. The show is in its third season and appears nationally on PBS. He is also Producer of Everyday Edisons and Publisher of the Inventors Digest. In July of this year, his first book, The Independent Inventor’s Handbook, was published. In 2008 he was appointed to serve for a three year term on the nine-person Patent Public Advisory Committee of the United States Patent and Trademark Office. Over the past 20 years Louis has created 9 successful start-ups and has been directly responsible for the creation of over 20 others. A prolific inventor, he is the inventor of 10 registered US Patents, and his firm is responsible for the development and filing of well over 400 more. Louis discusses ideas and how to figure out the ideas that are worth pursuing. "You have to understand the value of intellectual property and how important it is to not just have an idea but you've got to take that idea and reduce it to practice and figure out how you generate an economic return from that invention. Don't rely on what your friends and family think, develop a picture of who wants this product, figure out and identify your market. Build a spread sheet, figure out costs, these aren't made up figures but realistic estimates. We need data points in order to make a reasonable decision, whether or not it makes sense to pursue it. So we may put all of these numbers together and find that most likely our invention will generate $100K; worst case we may lose $70K, and if Oprah loves it, we can make $400K. Now we can weigh risk and reward..." There's much more... For your convenience: Part 1 of 2; immediately following Part 2 of 2
Related Links: PBS: Everyday Einsteins || Inventors Digest || Edison Nation || Inventors Showcase Photos || DaVinci Institute || Inventor Showcase || Find It || Keywords: Louis Foreman, Everyday Einsteins, Inventors, DaVinci Institute, Entrepreneurs, PBS, DaVinci Inventors Showcase, US Patents, Inventions - Channel: Entrepreneurs
23438313 bytes 11/23/09 LISTEN To Part 1 of 2

22501437 bytes 11/23/09 LISTEN To Part 2 of 2