Stephen Key from www.inventright.com is an inventor who has successfully licensed his ideas for many years. In this podcast he explains how he started licensing ideas and the method he uses. Over the years he has licensed in many different industries, with one of his most successful inventions being the Spin label, a label which gives much more space to put instructions on things like medicine bottles or food products. Having experienced Stephen’s method of licensing ideas first hand through his InventRight Course, what I like about the process is that it is quick and involves little financial outlay, emphasis is placed on good ideas rather than patents.
Stephen has also recently written a book called One Simple Idea, which goes in-depth into his method of licensing invention ideas, which he talks more about in the podcast.
Links Mentioned in the Podcast
inventright.com – a licensing course Stephen and his business partner Andrew Krauss run
stephenkey.com – the main website for Stephen’s book “One Simple Idea”
InventRight Free podcast to learn licensing basics
www.inventornotes.com a blog about inventing and licensing
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Hi, I'm Tara a freelance graphic designer based in Northamptonshire, UK with future ambitions to be more of an ideas, invention, product designer person. This blog will include useful inventor information I find plus inventor interviews. You can also find me at www.graphicdesignblog.co.uk
{ 7 comments… read them below or add one }
I’m very eager to listen to this one!
Hi Sandi, Stephen’s Licensing process is great, check out his book One Simple Idea too, I wish I had it 10 years ago.
Hello Tara,
What a well-crafted, informative interview. Thank you for creating this resource. I just finished reading Stephen’s book, and I have already lost sleep thinking about it (it’s after 3am California time). I underlined everything I thought was important, and it seems like I underlined the entire book. I joined the book club, and will be a student of InventRight very soon. My focus is in healthcare product development, and I look forward to going through the licensing process. Good luck with getting your candy idea to market!
Jason
Thanks Jason. I look forward to connecting with you in the InventRight forum soon.
Stephen key is a terrific instructor, Thank you soo much Stephen! I cant wait to be used as an example in one of you’re books
. I think one of the most important thing I have been taught by Mr.key is that licensing is a number’s game, and not too put all you’re egg’s in one basket, you never know how the market is going to respond but if you step up to the plate enough times you are bound to get a hit and possibly a HOMERUN!!!!. Thankyou Stephen
I have ordered Stephens Book . Can’t wait to get it as I have a patent pending to which I want to sell the license to.
Hi MaryChristine
Good luck with your product idea – it’s a great book.
Best
Tara