Want to patent your invention? Better hurry!

Have you come up with the next big invention?  If you plan on protecting it don’t wait or you could end up like Elisha Gray!

On February 14, 1876, Alexander Graham Bell applied for a patent on an apparatus that could transmit speech electrically, beating out his rival, Elisha Gray, by just two hours. Never mind that Gray’s design worked better. Timing was all that mattered. When Gray later filed a lawsuit, the courts awarded the patent to Bell, who went down in history as the official inventor of the telephone!

If you have the next big idea don’t wait for someone else to figure it out and cash in first. The United States Patent ad Trademark Office offers a low-cost solution for inventors called a Provisional Patent Application, or PPA.

A Provisional Patent Application secures an immediate priority filing date for your invention. In other words, it allows you to go on record as the first person to officially lay claim to your invention. Securing a priority filing date is critical because as far as the government is concerned, it’s not who came up with the idea first that matters; it’s who secured the rights.

For help filing a patent application contact us at New Product Consulting

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Can Recipes Be Patented?

We often get people contacting us with this question. Interesting that the answer came out in an edition of the Inventor’s eye back in 2013.  Here is what the patent office had to say:

From Inventor’s Eye – “You’ve heard it before: “We make the best!” Be it barbecue sauce or brownies, it seems like everyone claims to have a unique and special food recipe. But can the culinary geniuses who came up with those recipes obtain a patent and exclude others from making, using, or selling their delectable creations? First, remember that patents may be granted for any “new and useful process, machine, manufacture, or composition of matter, or any new and useful improvement thereof” according to Title 35 of the United States Code, Section 101 (35 U.S.C. 101). A food product or recipe typically has three components: a list of ingredients, instructions on how to combine and cook them, and the final product resulting from the first two components. In terms of patentable subject matter, a list of ingredients can fall under the headings of a composition of matter and/or manufacture, and the way the food product is produced can fall under a process. So the short answer is yes, recipes are eligible for patent protection because they potentially contain patentable subject matter.”

Well there you go!  Straight from the horse’s mouth!  If you have a special recipe and want to look into protecting it contact us at New Product Consulting for a free consultation.

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New Product Consulting is proud to announce Lock Buddy 101 To Keep Children Safe In Schools!

Lock Buddy 101 has recently launched to an overwhelming response. Close to 1000 units are already being used in schools around the USA. The patents and trademarks have been applied for, and it is ready for sale. This product is already on it’s way to being the next big safety device helping to keep children and teachers safer in schools.

LockBuddy 101 is a device that is a slide release that is attached to a door frame keeping the door latch from engaging into the door frame. The added dimension gives the door more functionality. It allows the door to be locked from the inside as opposed to having to lock it on the outside. Currently, there is a need for LockBuddy 101 to offer a way to safely and easily lock doors from the inside without putting individuals in harm’s way.

New Product Consulting together with the inventor of the product are extremely excited about the potential for this invention. For more information please contact us at 888-680-4869 or visit the website at www.lockbuddy101.com. If you or anyone you know has an invention idea and needs help launching it to the marketplace, please contact us at New Product Consulting.

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Invention Contest: $400,000 Prize!

The Desal Prize aims at the creation of an environmentally sustainable small-scale brackish water desalination system that can provide portable water for humans, as well as water for crops in developing countries. The contest ends on August, 1st 2014.

The winning innovation will be selected based on its fulfillment of several criteria, including:

– Provides water that is both potable and appropriate for crop irrigation
– Powered solely by renewable energy
– High system water % recovery and concentrate minimization
– Minimizes environmental impact
– And is cost efficient, durable, and easy to maintain

Projections are that by 2025, two-thirds of the world’s population could be living in severe water stress conditions. This will lead to detrimental impacts on human health and food production in developing and emerging countries. To satisfy future water demand, we must augment traditional water supplies with brackish groundwater. While brackish water desalination technologies do exist on the market, few (if any) have proven to be suitable for use in rural or remote settings.

The Desal Prize Group are seeking small-scale, household farming level brackish water desalination systems that can efficiently and reliably provide desalinated water for human consumption and agriculture purposes. If you or anyone you now has an invention idea and needs help, please contact us at New Product Consulting.

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The Sports Licensing and Tailgate Show adds Independent Retailer Conference!

The Sports Licensing and Tailgate Show is an excellent event which brings together brand owners, licensors, licensees and retailers interested in sports licensed products. The Independent Retailer Conference has previously held its events in Chicago, New York City and Las Vegas since 2011. The Independent Retailer Conference can further extend its efforts in delivering retail education while also supporting tradeshows in their efforts to help their attendees maximum their show experiences.

The Sports Licensing and Tailgate show has always provided an outstanding platform to write orders and meet with the core licensing bodies, but with the addition of these robust retail-focused sessions, it becomes the must-attend show to get valuable insights. The Independent Retailer Conference is dedicated entirely to the unique lifestyle and responsibilities of small business owners. Its education-rich, action-packed events offer retailers the chance to engage, learn and connect with retail experts, industry leaders, service providers and like-minded entrepreneurs.

 
The Independent Retailer Conference offers independent retailers the chance to connect with industry leaders while also getting inspired from retail experts, service providers and like-minded retailers from across the nation. If you or anyone you know has an invention idea and needs help, please contact us at New Product Consulting.

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Made in the USA Products a big hit again At National Hardware Show!

Once again, New Product Consulting attended The National Hardware Show in Las Vegas. The event was perfect for providing many opportunities to network with industry professionals from many different industries. This year the show was from May 6th-8th in Las Vegas with more than 30,000 industry professionals in attendance.

One of the main highlights this year was the ‘Made In The USA Product Display’ section of the tradeshow floor. There were over 125 companies who all showcased their products which are made in the USA. Some of the product categories included Building Products, Hardware & Tool, Homewares, Inventors Spotlight, Lawn & Garden, Pet Products, Plumbing & Electrical, Storage & Organization and Tailgating products.

This tradeshow was a valuable source for making connections with all kinds of companies. If you or anyone you know has an invention idea and needs help, please contact us at New Product Consulting.

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New Product Consulting attends the Direct Response Tradeshow In San Diego!

English: The Canadian Owners and Pilots Associ...The Direct Response Tradeshow was a major hit this year! Direct Response is a major tradeshow providing many opportunities to network with industry professionals from many different industries. The Expo is the key event in the direct, digital and data-driven marketing world. The event took place at the Hilton San Diego Bayfront on April 29 – May 1, 2014.

New Product Consulting joined in on the newest ideas and networked with the biggest names in direct response marketing. The main focus was bringing together key decision-makers and industry leaders from the corporate marketing arena and direct response spectrum. Whether you use direct response marketing on television, on the radio, in print, online or even in the mobile/wireless world, Response Expo will deliver exclusive opportunities to meet with your peers in the beautiful resort setting of San Diego.

This tradeshow is a valuable source for making connections with all kinds of companies. If you or anyone you know has an invention idea and needs help, please contact us at New Product Consulting.

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Reading Service For Kids Strikes a Deal On Shark Tank!

On Shark Tank last Friday, Felix Brandon Lloyd and Jordan Lloyd Bookey pitched their company called ZooBean. ZooBean is a children’s book platform and service that connects the right books with the right children. Felix and Jordan asked for $250,000 for 15% equity in their company.

Both Felix and Jordan were teachers before they left their jobs to work on ZooBean full time. They came up with the idea to curate apps and books for individual child. This encourages literacy and helps parents give their children a head start.

Kevin, a.k.a Mr. Wonderful, said that acquiring a customer at this age is a real test and there are a lot of people who move through the zone at that age. They only have 85 subscribers. Kevin doesn’t know if they will be able to get there with this business. He goes out because the customer acquisition cost is too high. Mark tries to figure out what is the real gold in this. They say that it is matching the tags with their data. Mark thinks that the business is a success, and that it is not just books.

Barbara said that she doesn’t think that there is a big need for the business. She goes out. Robert doesn’t see the business functioning today. He goes out.

In the end, Mark decided that he will make an offer of $250,000 for a 30% stake in the company. They counter down to 25% which Mark agrees to so they accept. If you or anyone you know has an invention idea and needs help with it, please contact us at New Product Consulting.

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Ilumi Solutions Lights Up Shark Tank!

The shark tank at the National Marine Aquarium...Last Friday on Shark Tank, Corey Egan and Swapnil Bora pitched their company, Ilumi Solutions. Their product is intelligent LED light bulbs which can be controlled from a wireless device. They asked the Sharks for $350,000 for 15% equity in their company.

Cory and Swapnil stated to the Sharks that they are in the final stages of development. They created a light bulb that cost $90 but it lasts up to 20 years. This system allows you to control all the lights in and around your house from your phone.

Robert pried at them and soon discovered they are selling a system not just a bulb. They have 6 utility patents pending on the product. Robert sees room in the high end light bulb market. Kevin thinks this can easily fall into a licensing deal. The money they will be given gets the product into the costumer’s hand. Lori is concerned in regards to competition, and says that they can’t be competitive if they don’t get the IP.

In the end, Robert put a deal on the table for $350,000 for 35% equity in the company then ended up dropping out as he realized the market is not as large as he thought. Mark offered $350,000 for a 25% stake in the company. Cory and Swapnil immediately took that deal.

Once a company finds the right investors anything is possible. If you or anyone you know has an invention idea or small company and need help, please contact us at New Product Consulting.

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The Sharks Strike A Deal For U-Lace!

The shark tank at the National Marine Aquarium...Tim Talley walked into Shark Tank last Friday to pitch his product and company, U-Lace. This product allows people to change the complete style of sneakers with lace colors to change patterns and styles. U-Lace began with a single product, U-Lace Sneaker Customizing Laces, but the brand is on course to become so much more. Tim was asking the Sharks for $200,000 and a 25% stake in his company.

Tim gave a pair to each of the Sharks. They sell a pack for $3.49 and it costs 35 cents for each pack. They have a  global distribution network and they make 50 percent on it alone. They made $193,000 dollars in sales in 4 years.

Kevin right away accused the product of being a brief trend that won’t last forever. Lori is not a fan and goes out. Robert loves the pitch and story about focusing on the important things in life, but he goes out. Daymond owns another company that he just acquired which would be competition for his.

In the end, Kevin offers $250,000 dollars for 50% equity which was double the initial offer equity.  Mark Cuban steps in to offer $200,000 for 35% equity which Tim accepts on the spot. If you or anyone you know has an invention idea and needs help, please contact us at New Product Consulting.

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