Providing Solutions for Stressed Economy: USA National Innovation Marketplace Opens To Public

Business Wire ^ | April 20, 2009 | Jon Paul Buchmeyer

[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.

[OpusatFR]

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.

[ProtectOurFreedom]

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.

[Ezekiel]

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.

[Vaduz]

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.

[AmericanVictory]

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.