| We need a new model for local innovation centers to | | | | just getting it started. The incubator gets 2% of the |
| spur on economic growth in the US, and we need to | | | | concept for the efforts of the first six months. |
| take this to on a micro-scale, at the municipality level. | | | | Once the patent pending comes back, re-strategize |
| Let me explain such a potential scenario and you | | | | with the innovator, inventor, and/or concept creating |
| decide what you think. | | | | entrepreneur and creating the project plan, timeline, |
| First inventors and garage innovators need venture | | | | strategies, and put out feelers based on those |
| capital from companies specializing in this or from an | | | | strategies. For instance attached is an interesting |
| angle investor, so I propose an incubator system | | | | personal tech device concept, we chose not to do. It |
| within a large industrial building or aircraft hangar, | | | | might take a couple of days to do this while the new |
| where initially, the inventors and innovators would | | | | tenant is moving in. From there business plans in the |
| need their own capital for their prototypes, etc. But | | | | "traditional" format are put together, then everything |
| having such a program would attract investors, | | | | moves forward. |
| angels etc. which the incubator staff could introduce | | | | The program is an initial 6-months, after that there |
| them. The "real" garage start-ups are often able to | | | | would be a re-evaluation; either discharge them for |
| do a lot with very little. | | | | failure to meet or come close to the timeline if no |
| And the incubator would assist them in their particular | | | | progress is made, thus, assist in re-location. They |
| needs without getting in their way. They'd have a | | | | may have also outgrown the incubator and need a |
| garage or space, with what they really need. In the | | | | bigger facility. Either way they will have met with |
| garage spaces, these prototype innovators would | | | | potential investors, funding, or be close too it. |
| need mild manufacturing capabilities; electricity and air | | | | If progress is made the prospects look good, they |
| for tools and basic fabrication for prototypes only | | | | are granted another six months for a re-negotiation, |
| and when they outgrew those needs, assistance in | | | | based on costs and needs; perhaps, an additional 1% |
| finding locations as needed could be provided. | | | | -2% equity, plus money, or other. Based on what's |
| What about intellectual property, that would be very | | | | needed, they might need 10 months more, 1-year. if |
| important too. Thus, assistance in initial patent | | | | it looks good and worthy keep going, if not, |
| application filing USPTO for patent pending, perhaps | | | | discharge and assist on helping table it, but still |
| International Patent, then assisting in locating | | | | working to find buyer for technology, partners, |
| outsourcing Patent Attorney for anything more, if | | | | corporate buyers, etc. Whatever seems appropriate |
| needed, depending on circumstances. Since the basic | | | | or needed based on the reality of the market, |
| patent will need constant modification as the | | | | sector, funding, ability of entrepreneur or innovator. |
| prototype(s) get built, fail, crash and burn, or | | | | Please think on this. |
| re-engineered, the basic filing is all we'd assist with, | | | | |