Warren Tuttle 20201027 IACT Meeting

Inventor Confidential: The Honest Guide to Profitable Inventing (Harper Collins) covers a wide range of topics, all dedicated to promoting grass roots innovation in America. The first half of the book describes what a successful corporate Open Innovation program looks…

Warren Tuttle 20201027 IACT Meeting

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Inventor Confidential: The Honest Guide to Profitable Inventing (Harper Collins) covers a wide range of topics, all dedicated to promoting grass roots innovation in America. The first half of the book describes what a successful corporate Open Innovation program looks like and why it is important for companies to search outside their four walls for disruptive and profitable innovation, highlighting proven mechanics, explaining why the outside contractor model works best, and recapping from extensive experience of how Warren entered the arena, both personally and professionally. Of equal importance, independent innovators (inventors, product developers, designers and makers) may learn more about how to develop new products the proper way and license them for profit. The second half of the book focuses on the myriad challenges today’s inventors are subject to, including scammers taking their money without supplying profitable results, big tech companies diluting the patent system, PTAB challenges at the US Patent and Trademark Office, as well as Washington DC lobbyists and politics. The book ends with a section on the importance of organic innovation, why that will be critical in digging out of our current economic recession, and what everyone in our society, from the Supreme Court to corporate board rooms, can do to improve the current state of US innovation; otherwise the United States may soon lose its historic place as the world’s leading innovator.

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