WHAT: The national tour of the PlanetEureka.com Innovation Roadshow stops in Oregon on Sept 19th, providing a one-day workshop for local inventors to find out the fair market price for their ideas. Innovation guru Doug Hall has created a comprehensive one day workshop that teaches entrepreneurs how to translate their idea or technology into a customer focused product or service description that can be easily understood by a businessperson who doesn’t have scientific training. The inventor can then list their idea compliments of NIST/MEP in the USA National Innovation Marketplace and receive a fact-based innovation research report and sales forecast that investors can understand in 60 seconds – based on the same sales forecasting methodology companies use to screen their internal innovations. The report answers the age old question, “What’s my idea worth?” At the recent roadshow in Orlando, Doug revealed to one inventor at the end of the session that his idea could be worth over $1 million!
WHY: The USA National Innovation Marketplace, a program from the Department of Commerce NIST/MEP, gives American inventors a fair shot—enhancing their credibility by providing a fact-based innovation research report and sales forecast that investors can understand in 60 seconds. For buyers or investors, the Marketplace provides a virtual R&D resource that can triple innovation success rates and speed to market. The Marketplace uses an open innovation strategy, which involves partnering, licensing, and co-developing innovations with partners outside of a company instead of traditional, internal research and development. It connects sellers, buyers, investors and distributors in all industries through a three-pronged approach: 1) Translation Training; 2) Valuation Forecasting;
“Oregon was selected as a key market to launching this program. Our job is to provide inventors with the best opportunity for licensing success”, said Kedma Ough, MIPO Director. MIPO has aligned there efforts to promote this event with the Small Business Development Center and Hispanic Metropolitan Chamber.
WHEN: Saturday, June 19; 8:30am Registration;
WHERE: TBD, Inventors register for the workshop at PlanetEureka.com or MIPOOregon.org
WHO: Doug Hall, the “Truth Teller” Judge on the first season of ABC TV’s American Inventor, is the founder and CEO of Eureka! Ranch and Merwyn Research Inc., a market research company that provides innovation sales forecasts and publishes the PlanetEureka.com network of international innovation marketplaces. The Manufacturing Extension Partnership (MEP) is a program of the U.S. Department of Commerce's National Institute of Standards and Technology (NIST). MEP is a national network of affiliated manufacturing extension centers and field offices located throughout all fifty States and Puerto Rico. Micro-Inventors Program of Oregon (MIPO) is a registered inventors association through the United Inventors Association provides consulting, training and resources to inventors in Oregon.
MEDIA:
Contact Kedma Ough, MBA, kedma@mipooregon.org, 503.998.9560
***Kedma Ough is available for advance radio interviews
***Reporters can test the value of their own idea/invention or can follow the progress of an inventor
