We hope to see you at the October meeting of IANE held at our North Shore location in Haverhill, MA. Sam Asano, inventor of the fax machine, will be speaking October 7, 7pm at the Innovation Hub, 2 Merrimack Street, 3rd floor, Haverhill, MA 01830. NOTE THE NEW LOCATION – THIS MEETING IS NOT AT MIT. To RSVP please visit the Meetup page here.
Sam’s discussion will talk about the following points:
1) In the Orient, they say “You get nowhere by talking. You can get anywhere
by listening”. Keep this in your mind.
2) Focusing on inventions and manufacturing, the first subject you need to learn is to find a painful problem people (and that includes you) suffer. When I was the launch officer at Wallops Island, there were no digital circuit components. Liquid Oxygen being pumped into the rocket body brought the temperature of the fuselage from the environmental temperature to minus hundreds of degrees. Thus, the X-ray sensitive payload personally built stops functioning, and I had to instruct my two technicians on the launch tower to adjust the circuits. This made me suffer tremendously. I came to America only two years ago, and I was totally unfamiliar with the southern accent in the very noisy environment. This was my first huge problem I encountered in my life. I was only twenty seven years old. I felt that we needed a simplified fax machine to communicate, and that became my obsession.
3) Many people would jeer and criticize your idea. Make sure you measure
their value by listening quietly. But, do not argue with them. They are quite likely just criticizing for fun or jealousy. Remember you are the most important person on the earth.
4) Keep walking straight and continue digging into your invention concept. Do not get discouraged. If you do, then the world may not see the revolution caused by you.
5) Build a prototype that follows your concept. Make sure it does what you had originally thought. Again, listen to others’ criticisms, but do not be overcome. Going your way.
6) Once the prototype does what you had originally thought, it may be the appropriate time to consider applying for patents. There are many so-called Patent Books, and I do not recommend you spend time reading them. Why? They are all written by lawyers, and not actual inventors.
7) Study, then, the marketplace, and survey just how much business you might be able to garner if you manufacture it, license it or sell the concept to some third parties, with or without patents. Make sure your estimate is conservative.
8) You could show to some venture capitalists (VC) to raise fund by writing a business plan. But, just keep in mind , VC’s tend to be very conservative. Showing to VC’s takes a lot of time from you. Do not get discouraged.
9) Good Luck, which you always need.
November 11, 2019: Elliot Laffer of SCORE, www.score.org. Free business consulting and mentoring with industry experts in the field of your invention.
2019 Public Meeting Dates: October 7, November 11, December 9.
Inventors Clinic: The next meeting of the Inventors Clinic will be on Wednesday, November 13, 2019. Invention ideas and designs discussed under signed confidentiality. For IANE Members Only. Doors open at 6:30 PM. CALL: Bob Hausslein at 781-862-9102