Andrew Krauss is the Co-founder of inventRight and the Inventors Groups of America and is our guest of Episode 103 of the Invention Stories Podcast. This episode is second and final part in a two part series.
inventRight Co-Founder Andrew Krauss Answers Questions:
In this episode, we ask Andrew to answer common questions that inventors have including:
Do you think the inventRight student have an advantage when the companies they are trying to license to idea to knows their inventRight students?
Why…
is contacting a company better through emails and phone calls better than submitting the sell sheet in person?
do you advise your students not to sell in the first contact?
do you encourage your students to avoid working with their CEO?
have your students work on multiple ideas instead of just one at a time?
and more.
Coming Soon
Andrew Krauss is the Co-founder of inventRight and the Inventors Groups of America (IGA) and our guest of Episode 103 of the Invention Stories Podcast…coming soon on Invention Stories on YouTube. This episode is second and final part in a two-part series. In this episode, we share common questions inventors and those who have an idea for an invention have.
The inventRight Philosophy
The inventRight philosophy rests on the following 10 step process.
1. Study the marketplace is
2. Invent for the marketplace
3. Evaluate your ideas
4. Prototype your ideas
5. Your one sentence benefit statement
6. Design your marketing materials
7. Protect your ideas
8. Getting in to inventor-friendly companies
9. Negotiating a great contract
10. Moving on to your next great idea
Click here to learn more.
What is inventRight?
Andrew Krauss and his business partner Stephen Key have grown inventRight into a business that has students in over 60 countries. Their students work towards licensing their ideas. InventRight goes beyond the old patents and prototypes trap inventors find themselves in. They guide their students into licensing their ideas to companies who can bring their products to market.
Inventors Groups of America
People succeed when they are educated and empowered…
is the IGA’s mission. They educate and empower inventors and inventing groups throughout the United States and around the world. Inventors Groups of America (IGA) is an organization founded in 2017 by leaders of the inventing community. Thier goal is to teach individuals how to commercialize their product ideas in addition to strengthing and supporting inventor groups throughout the US.
Innovation is the backbone of the United States economy and IGA believes ideas from individuals drive innovation. Many inventors do not have the knowledge or tools to commercialize their ideas whether by starting their own business or licensing. IGA offers inventors access to the most current information on best practices to bring product ideas to market.
Six Benefits of Joining the Inventors Groups of America
1- Monthly Educational Webinars
Learn how to bring your inventions to market! Join us each month for a free educational webinar featuring leading invention experts from across the country.
2- Hundreds of Articles on Commercializing Your Product
Learn about every aspect of becoming a successful inventor, including how to venture, how to license, intellectual property strategy, prototyping, pitching, negotiating contracts, and more
3- 500+ Companies Looking for ideas
To stay ahead of their competition, these companies have embraced working with inventors to find and develop their next hits.
4- Inspiring Inventor Success Stories
IGA is proud to shine the light on successful inventors and their inventions. Discover what’s possible when you keep inventing! Purchasing a gift? Consider supporting your fellow inventor by browsing our list. If you are an inventor who has brought a product to market, we’d love to add your product to this list.
5- Up-to-Date Industry News and Tips
Every other week, we send out a newsletter that is packed full of updates, including news about trade shows, industry events, competitions, product searches, casting calls, and more. Each issue is conveniently archived on our website so that members may access them at any time.
6- Suppporting Inventors Through Patent Rights
When we come together, we’re stronger. Your membership helps give IGA a voice in the inventing community to help advocate for stronger patent rights and other issues that affect the inventing community as a whole.
Click here to learn more.
The Invention Stories Podcast
on YouTube and More…
Click here to learn more about Invention Stories
and here for Women Inventors and the 7 Percent.
To watch more Invention Stories on YouTube, please click here.
If you are new to inventing, we invite you to visit Episode 1 with Forbes Riley.
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Finally, we invite you to sign our Guest Book.
Thank you for reading this and please…tell a friend.
