For Students - Does an inventor get paid when a patent is granted?
Tuesday January 8, 2008
A patent does not guarantee monetary success by itself. An inventor gets paid byeither selling the invention or by licensing or selling (assigning) the patent rights to someone else. Not all inventions are commercially successful. The invention may actually cost the inventor more money than he or she makes unless a strong business and marketing plan is created. More Student QuestionsThe drawing to the right is of Patent No. 1 issued on July 13th, 1836, to inventor John Ruggles for traction wheels. Provided by USPTO
Dear Bob DeMatteis:
I took your course at Sierra College. I have a great idea and would like to get this idea to market. I have completed the Quick Start Guide and do not know how to take to the next step. You mentioned to the class that partnering is the most important key to an inventors success. I would love to partner with you as I have a great idea for child safety.
I have the idea and know that with your great expertise in bringing products to the market place that we can be successful. Please contact me if you are interested in partnering with me. My contact information is: Jay Wieland, 6757 Olive Point Way, Roseville, Ca 95678. and my cell phone # (916) 622-4215. I look forward to meeting you again and hope that this might be the start of a long business relationship. Sincerely, Jay Wieland