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Excerpt from Inventions: Their Development, Purchase and Sale This book is essentially a manual on the marketing of inventions, and it is proposed to view the subject from various angles, proceeding from the less obvious to the known. In its broader aspect it is a book on business policy and is sent out on its mission of enlightening inventors and others about plans by the aid of which inventions may be profitably exploited. It is intended, however, not alone for the ordinary layman without experience and worldly wisdom but for busy people in every line desirous of understanding the nature of patent property in inventions. The difficulty has been to confine the book within proper bounds and still leave nothing out which is necessary for passing judgment upon any invention, either from the standpoint of the originator or of the capitalist, investor, or manufacturer interested in working inventions. The problems discussed are the manufacturers' problems as well as those of the individual inventor seeking to enlist capital for his new undertaking or to start a new business founded upon a new and useful invention. The most potent word in our business vocabulary today is efficiency. Efficiency is simply a high ratio of results to means. Increased efficiency depends almost wholly on increased knowledge. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Reproduction of the original: Edison, His Life and Inventions by Frank Lewis Dyer, Thomas Commerford Martin
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This report presents the survey results from the 1997 inventions and innovations evaluation questionnaire. The evaluation impacts are based on responses from 136 out of 334 inventors sent the questionnaire. In 1996, there were 67 inventions identified that currently have direct, licensed, or spinoff sales. In total, the number of inventions and innovations with current sales and past sales (now retired from the market) is 144. This represents a commercial success rate of over 27%. For these grant-receiving inventions, the following performance metrics are of interest: (1) total cumulative direct and licensed sales through 1996 were$700 million (1995$), in addition, cumulative spinoff sales and royalties were$90 million and$20 million (1995$) through 1996, respectively; (2) employment sustained by direct and licensed sales was 1,189 full-time equivalents in 1996, employment attributable to technologies with no sales was 90 full-time equivalents, and the annual federal income taxes collected as a result of this employment was in excess of$6 million; and (3) energy savings attribute to supported inventions and innovations were estimated at 78 trillion Btu in 1996 with an estimated value of nearly$190 million (1995$), the associated reduction in carbon emissions was over 1.5 million metric tons. In terms of future commercialization progress and impacts, the 1997 survey revealed that 60% of the respondents are actively pursuing their invention, and nearly 50% of the inventions are in the prototype development, pre-production prototype testing, and pre-production development stages.
Excerpt from Inventions: Their Development, Purchase and Sale The knowledge herein recorded was obtained by busi ness men after the hardest knocks, and they were years and years accumulating the experience that is the reader's for a few hours' study. Today, to be a success means constant study. Every line of activity will furnish ideas that one can use in one's business. The more serviceable knowl edge one possesses, the better equipped will one be to win out in business. Life is a constant struggle anyway. It is good for people to strive, even des perately if need be, for a certain goal. When attained, it will be appreciated. Try to dispose of a patent in the right way, and it will not be difficult to succeed. It takes strength and power to get up and keep on plugging with the determination to win after you have fallen down in the race. But armed with con crete knowledge, there is no reason why the inventor should not succeed. Guessing is worse than useless. Germany has lost the war because she regularly mis guessed everybody. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.