How to License a Big Idea

Learn Stephen Key's 7 tips for licensing a big idea. A good idea is merely a starting place. Implementing a new packaging innovation at scale requires patience, experience, and know-how. But even more importantly, it requires having the right team in place — a team with the right vision and the right attitude, because no one achieves this alone. Supply chains are far too complex and interdependent for that to be feasible.

Congratulations Fishbone cofounders Keith Elliot and Kevin L'Heureux.

How do you license an idea? How do you patent an invention? Learn how to become a profitable inventor and earn passive income from your creativity following the advice of inventors Stephen Key and Andrew Krauss. They are the world's leading experts on how to license a product idea. If you have an invention idea, inventRightTV is the show to watch.

Stephen Key and Andrew Krauss are the cofounders of inventRight, a coaching program that has helped people from more than 65 countries license their ideas for new products.

If you have questions about how to invent, how to be creative, design, how to do market research, prototyping, manufacturing, negotiating, pitching, how to sell, how to cold call, how to reach out to open innovation companies, licensing agreements, non-disclosure agreements, patents, copyright, trademarks, and intellectual property in general — subscribe to inventRightTV! New videos every week, including tons of entrepreneur success stories.

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[robsproducts]

#6! This is the biggest roadblock for me at the moment. Finding people that would like to operate as a team. If there are any design/business minded people out there that would like to talk about teaming up on some projects we should chat. I have dozens of product ideas, but just don't have the bandwidth to action them all!

[justinjohnson]

Thank you Mr. Key I'm currently on book # 3 of 4 and all I can say right now is Stand By and Stay Tuned

[bjarneholmstrm]

Great video, and I love the new intro jingle, short fast and gentle sound.

[demetriathomas]

This was a GREAT VIDEO!! Im currently in this situation. Creating demand is huge and you are absolutely right..a team is needed!!

[AngelicaFWhite]

Great content Steven. A note on team: Sara Blakey was a solo entrepreneurs and sold her company for over $1 billion.

[Hopeinformer]

I love that intro much more than the other one. It's short and simple.

[samp]

I have many inventions, and improvements on existing products, especially kitchen products.

[alexsedgwick]

That looks like an awesome product! I have concept systems / product concepts in trucking automotive and transportation. A lot to pinpoint where which to start with. Any suggestions?

[samp]

Interesting info for inventors, as always, thanks Stephen.

[TheHector]

Thank you Stephen, great content. Can’t wait to see the Fishbone package….

[kiwifloorsolutions]

Great video... always like this channel.

[dulcie]

I have a big idea with no team. Can I get a prototype and license the idea?

[vowgubn]

Thank you were a great help. I have a big idea medical shower scooter for amputees cancer, patients hip replacement.

[jasonmoore]

I have a patent on a gutter magnetic mount for cameras and dont have the first idea on how to market it any suggestions would be great

[pietroguglielmini]

Dear Stephen,

Is a product concept protected globally once I license it? Or does it differ from one country to the next?

In my instance, I reside in Italy; if I license a concept in my country, would it be protected even in the United States, Canada, China, and other countries?

I'm a big fan of your stuff, and I'm a big of of yours. Continue your good work!

[stevelawrence]

I especially like this vid because for an innovation i have on quiet introspection a big idea horizon can be appreciably navigated because market relativity would sustain product fixity but when the product is a definite game changer of unlimited capacity then the narrative of such changes easily favouring the industry and not the innovator.

[kpaxkpax]

Thank you for the great informations, i have a design idea that could be applied in big supermarkets that's increase sales, i worked in sales and ditigtal marketing, and I have tried implementing this design in home appliances sales and it increased sales up to 300 % or more for some categories in different time of the year, I'm working now on my designs for big supermarkets.. My question is : I live in syria and i want to get this design patented and offer it to big malls and supermarkets. What are the procedures to make this happen, regarding this idea will make a lot of revenues to the ones who use it.. I'm sorry for the long question .. Thank you greatly...

[dwdesvoigne]

A point of difference and wow factor check. Scalable? that is a new one for me. Cost; cost is an issue because it will require retooling ins some cases, but the actual product is a little less than the current product, it would replace. A prototype I can build myself. TEAM. Create demand; that was done for me already. "Don't try to Licensee a big idea by yourself" How is that any different from your point 4 "You need a team"? 7 I already have a provisional patent. the biggest problem is that the team I have doesn't understand the product, the engineering, nor do they see the application, and I already paid them. They also pulled a fubar when they weren't talking to me and they needed to be doing that. I have a rare talent I can take a drawing, schematic or blueprint and get a 3D picture in my head then turn it any way I want to view it. I have been doing this all my life. but I can't draw and the first time I saw what they created was on a professionals drawing after it was submitted to the US patent office. I never knew my talent was something special until I graduated college at 50. They misunderstood a simple set of written instructions, and draftsmen do not think outside the box.
Thank you so much for the tips.

[kennethadams]

So without further delays, how do I meet this team.cause they cannot do this without me.isnt it true that, in order to build a big idea or any idea, that the inventor 🌱 must be willing to go That extra mile from start to finish, not start an back out later? An what if the big idea guy has more than just 2 big ideas?

[kentheengineer]

How do I know whether or not my future prospect invention has not been patient or is currently selling