Fellow inventors,
I just came across an interesting story about the average market chance of inventions, entitled "From Countertop to QVC: A Long (and Expensive) Road for Inventors". The story is here:
http://www.nytimes.com/2006/05/25/business/25sbiz.html
According to the story, the United Inventors Association says that "recent studies indicate that only 4 percent to 5 percent of patented inventions ever make it into the marketplace". That's 5 percent of PATENTED inventions!
At first, I thought this was disheartening. BUt then I realized that this is a statistic, and that any individual case can always do something to move away from the statistical mean, so to speak. So I am taking this as a call to action, to spend more energy on getting my invention to the marketplace. With this in mind, the open seminar tomorrow night "Market Research:..." should be interesting but I will be aware that research alone will never get a product to market.
See you there.
Cheers,
Rudy