Showing posts with label clubs. Show all posts
Showing posts with label clubs. Show all posts

27 January 2018

No Invention should be left behind here - the Case for Inventor Academies

Jane Lambert











Last week I featured a scheme by the World Economic Forum and the World Intellectual Property Organization to assist inventors in less developed countries to launch their inventions known as the Inventor Assistance Programme (see Jane Lambert "No Invention left behind" - WIPO's Inventor Assistance Programme gathers Pace 21 Jan 2018).  David Kappos, a former head of the US Patent and Trademark Office, coined the phrase "No invention left  behind" as the watchword for the scheme.

The slogan "no invention left behind" should not be limited to inventions in developing countries. Bringing an invention to market is difficult and risky for an individual or small business even in Mr Kappos's country as 20th Century Fox's film Joy showed a couple of years ago (see Jane Lambert Joy 3 Jan 2016). That is in spite of the resources for inventors and entrepreneurs offered by the USPTO which includes a 2-day annual conference every August at the USPTO's head office in Alexandria and the Inventors' Eye newsletter for individual inventors.  Over the last few years the British Library's Business and IP Centre and its partner libraries outside London have begun to offer similar help in this country but it is still not as extensive as the resources that are offered in the USA,

I have met a lot of individual inventors over the years through my practice at the patent bar, my inventors' clinics in London and the North, the Leeds, Liverpool and Sheffield inventors clubs and running this blog and only a few have ever made any money from their inventions.  Far more lose money than earn it and some lose more than just money.  The reason why so few of those inventors make money from their inventions and so many more lose from them is that they spend money on things they do not need and fail to invest in things that they do. 

Inventions, like brands, designs and works of art or literature, are business assets which earn money only if they are used in business.  Individual investors are representative of the general public and most members of the public go through life without acquiring the skills, knowledge and experience needed to run a business.  It should therefore surprise no one that when a member of the public creates an intellectual asset he or she may have no idea what to do with it  That is why money is wasted not just on invention promotion services but also on legal protection where there will never be sales while services that could be useful, such as IP indemnity insurance, are overlooked.

So how do we equip private inventors with the necessary skills?   Five years ago I thought that inventors clubs were the answer.  That is why I wrote about inventors clubs, why they are useful, where they are and how to establish one if there is none in a particular area (see Inventors' Clubs 25 May 2013). I am not so sure now.  The inventors clubs that I helped to found and chaired for many years disbanded when the Leeds, Liverpool and Sheffield Central Libraries became Business and IP Centres. They provide many of the skills through short courses on such topics as patent searching and business planning but not on a comprehensive basis.

I think something can be learned from business accelerators where fledgling businesses are offered office or lab space, mentored by experts, helped to refine their products or services and eventually introduced to investors.  Accelerator programmes tend to last between 3 and 6 months which is longer than is necessary to decide whether an invention has legs.   Week long or perhaps even weekend academies may be enough.

Anyone wishing to discuss the idea of inventor academies or inventor support generally should call me on 020 7404 5252 during office hours or send me a message through my contact form.

03 January 2016

Joy


(c) 20th Century Fox, All rights reserved, Standard YouTube licence


Yesterday I saw Joy at the National Media Museum. I am not setting myself up as a cinema critic but I thoroughly enjoyed that film.  I would recommend it to anyone but particularly to the inventors who come to my or other peoples' patent clinics or attend meetings of their local inventors' clubs. Loosely based on the life story of Joy Magnano it charts the struggle of a young woman inventor to invent, design, develop and market a highly absorbent self-wringing mop with a detachable head.

The film has some valuable lessons which apply on this side of the Atlantic at least as much as they do on the other:
  1. Take specialist professional advice from the very start. The fictional Joy got into trouble because she was advised by a non-specialist lawyer to pay royalties to, and source components from, a company that claimed to be the licensee of a Hong Kong inventor who had anticipated Joy's invention. In fact, the Hong Kong inventor had done nothing of the kind. She found that her supplier had taken money from her under false pretences. Had she consulted a patent attorney or specialist lawyer she would have learned that there was no prior patent. It would probably never have occurred to her to deal with the rogue at all and she would certainly not have paid him any royalties.
  2. Get the right management team.  Joy relied on her feckless father and his wealthy girlfriend to assist her in the management of the business. Neither of them knew as much about business as they claimed. Their advice was not just wrong but dangerous at times. Worse, Joy's father sent his daughter from another marriage who had no commitment to the project and resented her half-sister's success to negotiate with the fraudulent supplier. The half sister agreed to pay the supplier more than the product's retail price thereby jeopardizing the whole business. The only members of Joy's family who were of any use to her were her grandmother and ex-husband. The best advice she received was from the boss of the shopping channel that launched her product.
  3. Plot a clear route to market before launching into production.  Joy ordered several thousand dollars worth of components and engaged a number of Spanish speaking ladies to assemble her mops before she knew how and where she could sell them. She tried local hardware shops. The shopkeepers were not interested because she could not pay them to display her mops in their shop windows. She approached established mop manufacturers. They were the last people to be interested in a mop that would rarely need to be replaced.  She even tried to flog them in the car park of a local supermarket to the store's customers. Not surprisingly the store management objected and called on the police to move her on.  Joy's break came when her ex-husband introduced her to a friend who ran a shopping channel. Even then there were several false starts. The presenter who tried to sell the product muffed his sales pitch and Joy nearly froze when she made her début in front of the cameras. However, after that the orders started to roll in though Joy's troubles were far from over at that stage.
  4. Believe in yourself and rely on your own judgment.  In the film Joy had been a star pupil at secondary school but she never went to university because she had to look after her parents after their divorce.  Neither parent deserved that sacrifice. Her mother spent her day in bed watching television and her father embarrassed her at her wedding reception. That did not stop either parent or indeed the rest of her family and outsiders from putting her down. Only her grandmother believed in her and she died before Joy had established her business.  There were several moments when all seemed to be lost and her family tried to persuade her to give up the enterprise but she held her nerve. Eventually she discovered that she had been cheated.  She travelled to Texas to confront the individual who had defrauded her and forced him to reassign her intellectual property in the invention and pay her compensation.
  5. Be ready to take the next step.   The real Joy Magnano has a whole suite of products which are offered for sale on the shopping page of her website.  The mop proved to be spectacularly successful but that was exceptional.  The best that can be expected of most inventions is to provide a temporary competitive advantage.  It rarely takes long for a competitor to catch up with a new product or business idea.  If you are to stay ahead you have to take yet another step.  The last scene of the film showed Joy as a successful business woman mentoring a young female inventor from Arkansas. In real life she runs several businesses including a shopping channel and a body known as the Joy Magnano Foundation.
According to the History vs Hollywood website the film is not an entirely accurate record of Joy Magnano's life.  The real Joy never had a half sister, she graduated from Pace University with a business degree, she had three children and not two. Nevertheless, there is a lot of the film that is true and certainly the lessons that I listed above are founded on fact.

So where do British inventors get help?  

In the UK unlike America there is a separate profession of patent attorneys (also known as patent agents) who are regulated by IPReg (the IP Regulation Board). IPReg keeps searchable registers of patent and trade mark attorneys. Patent attorneys can help you with searches, drafting and filing patent specifications and correspondence with the UK and other intellectual property offices. Some attorneys are qualified to conduct litigation or appear as advocates in the Patents Court or Intellectual Property Enterprise Court.

If a patent attorney needs advice on a difficult point of law, some tricky drafting or representation before a hearing officer or a judge he or she may consult patent counsel (a barrister specializing in intellectual property law).  To find out how our profession can help inventors, read my article IP Services from Barristers 6 April 2013. Most specialist barristers belong to the Intellectual Property Bar Association and many of us accept instructions directly from the public.

If you are in a complex commercial transaction or litigation involving intellectual property you may need to see a solicitor but make sure that he or she is an expert in IP.  Most firms with expertise in IP belong to the IP Lawyers Association.

Before instructing a patent attorney or lawyer you can get up to 30 minutes of an attorney or lawyer's time free of charge at a patent clinic. I run one at Barnsley on the second Tuesday of every month between 10:00 and 12:00. There are others run by the Chartered Institute of Patent Attorneys at Aberdeen, Birmingham, Leeds, Liverpool, London, Manchester, Newcastle, Newport, Peterborough, Plymouth, Portsmouth, Sheffield and Southampton.

There are also lots of talks and workshops on business planning, licensing, marketing, patenting and other topics at the Business and IP Centre of the British Library at St Pancras and the Business and IP Centres of the Birmingham, Leeds, Liverpool, Manchester, Newcastle and Sheffield Central Libraries. They will also put you in touch with reliable experts in the areas in which you need advice.

You will also find a massive accumulation of useful information in this and my other blogs.  If you can't find what you are looking for call me on 020 7404 5252 during office hours or message me through my my contact form

Finally, I wish you the best of luck with your venture and a happy New Year.