Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Providing Solutions for Stressed Economy: USA National Innovation Marketplace Opens To Public
Business Wire ^ | April 20, 2009 | Jon Paul Buchmeyer

Posted on 04/20/2009 5:59:36 AM PDT by 2ndDivisionVet

The Obama administration says that economic prosperity will depend on the United States becoming an “innovation economy.” But innovation success rates in the Unites States have plunged. The USA National Innovation Marketplace – which launches on April 20th through a partnership between The US Department of Commerce NIST/MEP Network and Merwyn Research, Inc. - aims to address the critical challenge of matching inventions from America’s most talented minds with buyers, investors, distributors and manufacturers in desperate need of innovations in order to survive in this economic climate.

As more people are laid off from their jobs and dreaming that their invention sitting in their garage could be a lifeline, the Marketplace is a quick and painless communication tool for finding the right buyer for the innovation. More importantly, the technology provides a fair market price estimate for the innovation using a tested research never before available to the public giving inventors an answer to the age-old question, “What’s my idea really worth?”

At a special workshop held in Orlando on April 18 in advance of the National Innovation Marketplace launch at the Department of Commerce’s NIST/MEP Annual Convention, nearly 30 inventors from around the country gathered for a special preview of the program. After a full day intensive workshop, Mark Pasek of Chicago, Illinois found out from the research that his product called Lift Alone, a tool for do-it-yourself installation of everything from ceiling fans to sheet rock, could be worth over $1 million when licensed to a private company.

(Excerpt) Read more at businesswire.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: economy; inventing; inventions; unemployment

1 posted on 04/20/2009 5:59:36 AM PDT by 2ndDivisionVet
[ Post Reply | Private Reply | View Replies]

To: 2ndDivisionVet

I wonder if you can get venture capital for your invention or is this simply corpgove stifling anyone from having the ability to compete with the giant corporations?

~Sort of like the car companies killing off innovation and nascent car manufacturing that could compete.


2 posted on 04/20/2009 6:05:12 AM PDT by OpusatFR (Those embryos are little humans in progress. Using them for profit is slavery.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Great, the government is going to connect the inventor of the next ShamWow! to offshore production in China and an infomercial production firm. Just what we need.

What a colossal waste of money. Private markets fulfill this function adequately without government involvement.


3 posted on 04/20/2009 6:06:21 AM PDT by ProtectOurFreedom
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet; Jeff Head
As more people are laid off from their jobs and dreaming that their invention sitting in their garage could be a lifeline, the Marketplace is a quick and painless communication tool for finding the right buyer for the innovation.

Future innovators circumvent the "Marketplace" facilitators at their own peril.

4 posted on 04/20/2009 6:19:47 AM PDT by Ezekiel (The Obama-nation began with the Inauguration of Desolation.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Obama says that economic prosperity will depend on the United States becoming an “innovation economy because my plan sucks,failed,up in smoke,hey let’s try this.


5 posted on 04/20/2009 6:40:55 AM PDT by Vaduz
[ Post Reply | Private Reply | To 1 | View Replies]

To: ProtectOurFreedom

Clinton and Algore made a total mess of the Patent Office and Bush not only did not try to straighten it out; he made it worse and entrenched the bad management there. The Wall Street buddy system that has developed has made buddyship what is crucial not innovation. All innovative IPO’s have long since stopped and now IPO’s have stopped period. Ci-cago style politics has zero capability to encourage and bring to market the kinds of inventions that built this country. It is based on cronyship, not on entrepreneurial innovation and on government or city hall control not on innovation that creates new markets. The “Green economy” is he classic case. It will be a subsidized disaster illustrating how government decision makers are terrible choosers of what can create whole new markets.


6 posted on 04/20/2009 6:49:52 AM PDT by AmericanVictory (Should we be more like them or they more like we used to be?)
[ Post Reply | Private Reply | To 3 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson