We conclude Season 2 of the Invention Stories Podcast, the inventRight Mini-Series with its co-founder and author of One Simple Idea and more…Stephen Key.
Stephen Key
(taken from inventRight’s about us page)
Stephen Key is the world’s leading expert in licensing consumer products and a 2018- 2019 AAAS-Lemelson Invention Ambassador.
He has achieved repeated success as an independent Inventor, including defending his intellectual property against Lego, Inc one of the largest toy companies in the world in federal court. The innovative packaging solution he brought to market is protected by more than 20 patents and received 15 industry awards, including two Edison’s awards.
Selling Products Everywhere
Stephen Key’s products have sold in Walmart, 7-Eleven, and Disney stores and theme parks worldwide, as well as been endorsed by Michael Jordan, Alex Trebek, and Taylor Swift. Collectively, his inventions and products have sold more than half a billion units and generated billions of dollars of revenue.
Audiobook Now Available
InventRight, the coaching program he founded in 1999 has helped people in more than 65 countries license their product ideas. He explains how to take advantage of the power of open innovation on his popular YouTube channel InventRightTV and his articles for Forbes, Inc., and Entrepreneur online.
IGA
In 2017, he cofounded Inventors Groups of America with the goal of educating and empowering Inventors and Inventing group leaders. Stephen is also the cofounder of inventYes, a free program about product licensing for high school students worldwide.
In 2019, Stephen Key taught University of Newcastle in Australia students his 10 step strategy for licensing product ideas, originally published in his best selling book One Simple Idea: How to turn your dreams into a licensing gold mine.
Founding Member
Then in 2020, Stephen became a founding member and on the board of US IP Alliance helping educate entrepreneurs and inventors on intellectual property.
In 2021 Stephen was nominated for Mojo Nation 100. The 100 most influential figures working in toy and game design today.
He is also the author of: One Simple Idea for Startups and Entrepreneurs, Sell Your Ideas With or Without a Patent, Become a Professional Inventor: The Insider’s Guide to Companies Looking for Ideas, and Licensing Ideas using Licensing Ideas Using LinkedIn: Ditch Cold Calling Forever!
Episode 120…Our Interview with Stephen Key
Episode 120 of the Invention Stories Podcast marks a milestone for our sharing the journeys the inventors go on since having the idea. This episode is the finale of Season 2 of the inventRight Mini-Series and believed we’ve saved the best for last.
(Coming Soon…Currently being turned into a YouTube Video,)
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 material
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 about inventRight.
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