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Celebrating 20 Years of Helping Inventors License Their Inventions

Inventing is serious business.
But we never take ourselves too seriously!

As they say, time flies when you're having fun. And Andrew and I have been having a blast! But still. Holy smokes, this year at inventRight we are celebrating our 20th anniversary.

They also say things change over time, and that is absolutely true. We've grown quite a bit over the years in fact.

Now we have 20 people working for us who share our vision of helping inventors. Our YouTube channel inventRight TV has 26,000 subscribers and is being viewed more than 1 million times a year.

Our strategies for bringing products to market are regularly published in three of the most popular business magazines online, including Forbes, Inc., and Entrepreneur. One Simple Idea: How to Turn Your Dreams Into a Licensing Goldmine has become the best-selling book about inventing of all time and translated into many other languages.

The University of Newcastle in Australia — one of the top universities in the world — invited us to share our strategies with their students in a 10-unit course entitled "How to Launch a Product Without Starting a Business." We are thrilled to be helping the next generation of inventors.

To better help inventing groups around the country assist their members in commercializing their inventions, Andrew and I began a new organization called Inventors Groups of America.

But there's at least one thing that has not changed, and never will — which is our dedication to educating inventors and the inventing community.

When I first met Andrew, he was running one of the largest inventing groups in the country in Silicon Valley. A good friend invited me to share some of my licensed products at one of his meetings by chance. At the time, I didn't know inventors gathered. And I definitely didn't know they were struggling to bring their inventions to market.

You see, I had been licensing my ideas by relying on a few basic principles and steps. I knew that in order to be successful, I needed to sell the benefit of my product ideas first. Before all of the other steps required to develop a product for the market, like building prototypes, filing expensive patents, and starting a company.

Why was I so sure I needed to find my own way? Because I didn't have those skills. And more to the point, I didn't want to learn them. I had no interest. I wanted to focus on being creative.

At that first meeting, a crowd grew around me as I pulled out the products I had licensed from my bag. Andrew recognized that I was doing something completely different. After a few discussions, we agreed that we should share this information with inventors together.

So, we teamed up, shared what we knew, and created a 10-step program about licensing called inventRight. You don't want to invent wrong, do you?

We knew from the very beginning that our goal and mission was to empower — to give inventors the best possible solutions to solve their problems. And we were never going to do anything that would jeopardize our reputation. In that way, we have been invention ambassadors since day one.

We're both proud that our mission and goal has not changed over these past 20 years. Today, with students from more than 60 countries and a signed licensing agreement every week, we know we're making a difference.

Our 10-step licensing program has reinvented the invention process.

Regardless of your age, gender, ethnicity, or financial situation, this process can help you commercialize and bring your ideas for life — from anywhere in the world!

It is for everyone, regardless of the resources you have.

Our student who lives in Western Kentucky and works in the coal industry was able to license his idea without even having a computer. From their college dorm room in Serbia, some of our students have discussed licensing their invention with one of the largest packaged goods companies in the world. We've even helped the United States Army bring their innovations to market.

Our successful students include patent attorneys, stay-at-home parents, plumbers, doctors, surgeons, nurses, electricians, painters, and more. From age 18 to 82, no one is excluded.

Andrew and I continue to be extremely proud to be part of the inventing community. We cannot thank you enough for your support!

And with that in mind, we encourage you to enter our contest! To celebrate 20 years of helping inventors, we are giving away more than $5,000 worth of prizes. Are you the next inventRight success story? Visit https://www.inventright.com/20thcontest to learn more.

Keep inventing,

—Stephen Key and Andrew Krauss, cofounders of inventRight

Breaking the Rules
How to Make a Demo Video That Sells
 

Comments 2

Chris Phillips on Tuesday, 11 June 2019 15:47

you guys look like mobsters in the top photo!

you guys look like mobsters in the top photo! :p
Andrew Krauss on Monday, 17 June 2019 15:40

Good one Chris! The whole point of putting these old pictures of us up is i guess for it to be a bit embarrassing / nostalgic. I think i look like a geek in these pics, so i guess a mobster doesn't sound so bad. ;-) FYI - Stephen and i rarely wear suits for work in real life or at least i don't. If it's a hot day and we are recording a You Tube show on camera from the torso up, i'll put on a button up shirt with shorts on. I'm not kidding. Thanks for the fun comment.

Good one Chris! The whole point of putting these old pictures of us up is i guess for it to be a bit embarrassing / nostalgic. I think i look like a geek in these pics, so i guess a mobster doesn't sound so bad. ;-) FYI - Stephen and i rarely wear suits for work in real life or at least i don't. If it's a hot day and we are recording a You Tube show on camera from the torso up, i'll put on a button up shirt with shorts on. I'm not kidding. Thanks for the fun comment.
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Monday, 19 August 2019

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About Us

inventRight is the world's leading expert on product licensing. Cofounded by Stephen Key and Andrew Krauss in 1999, it has since helped people from more than 60 countries license their ideas for new products.

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