- Each Step in the Product Licensing Process
- What you will need to Demonstrate your product to potential Licensees
- How to provide the Financial Data that Licensees will need to evaluate your product
- How to begin identifying your product’s competitive advantages and market opportunities.
- How to develop and format your product’s projected financial potential to present to potential Licensees
SPEAKERS: Steve Lyon and Jahn Stopperan will jointly share their expertise and real world experience:
- Steve Lyon comes to the inventor world with decades of experience in consumer marketing, merchandising and business ownership and has invented and licensed products into these areas. He has been involved with Inventors Network and several national organizations. He has a breath of knowledge concerning both the independent inventor and how products make it and succeed in the marketplace.
- Jahn Stopperan blends a background of new product development, new business start-up, product and process invention experience, go-to-market business development and strategic product marketing to our club. As an owner of a manufacturing company that he launched over 10 years ago, built upon his unique and patented technology and fabrication process. Jahn is available as an experienced businessman to assist members with their plans in either launching a business or positioning for licensing their invention.
OUR CLUB NEW PRODUCT LICENSING UPDATE:
Every Month Jahn Stopperan, our Lead Developer, will PRESENT an update on the “CLUB INVENTION” that we are developing. We will share the progress with club members each month throughout the year.
Our goal for the year is to share with you how we:
- Evaluate and Prioritize our selected new product invention idea
- Develop a finished functional PRODUCT DESIGN
- Build a final product prototype that fully demonstrates PROOF OF CONCEPT
- Prepare all necessary patent application documents and apply to the USPTO to secure a PROVISIONAL PATENT
- Prepare all documentation, sales materials, presentation materials and prototypes necessary for presentations to prospective licensees
- Secure a finalized licensing agreement
Every Month you will be joining us on the new product development and licensing journey to learn and hone your own on how you can license product inventions!
NOTE: Throughout 2023, The Inventors School can help you Learn:
- How you can License Your Product Ideas
- How to Identify prospective Licensee Companies and Brands
- How to Protect Your Product Idea
- How to Present to Prospective Companies
- How to Write and Finalize a Licensing Agreement
JOIN US Wednesday, MAY 17th:
TIME: 6:00PM-8:00PM (Networking 5:30-6:00 and 8:00-8:30)
WHERE: 1001 HWY 7, Eisenhower Community Center (Just West of HWY 169), Hopkins MN 55305
COST: Guests ($15.00) / Members FREE ($80.00 Annual Membership). Pay at Check-In with Cash/Credit Card.
*About Inventors Network:*Inventors Network is committed to the Minnesota Inventor Community with: Guidance, Resources and Networking. Monthly meetings (Most on the 3rd Wednesday) include: Speaker/Topic of Interest with Q&A; Informational Roundtables on Manufacturing/3D-Printing/
UPCOMING MEETINGS:
- JUN 21st: The Marketplace - Learn Why You need for a Strong Competitive Advantage and How to Create One
- JUL 19th: Prototyping - Learn Prototyping Options and Why Prototypes Will Help You License Your Product Idea. And Preparing you Product Pitch
- AUG 16TH: Identifying Your Licensing Prospects and Finalizing the Licensing Pitch