Right now, we’re in the midst of one of the most significant but understated commemorations –National Inventors Month. Sponsored by Edison Nation, the free community of inventors, ideas and entrepreneurs, National Inventors Month honors one of the most crucial stages in business: creating new products and technologies and bringing future vision into present-day reality.
Invention is also central to our editorial focus with The Legacy Series. It is the pivotal link of a vital four-part equation that converts an idea into a finished product that succeeds in the marketplace. After all, without the vision and ability to invent, where would our featured inventor for this issue, Steve Jobs, have taken Apple? Where would our lives stand now without all of the innovations and new industries driven by his inventions — and the slew of allied and competitive products and businesses that resulted from their impact on our personal and business lives?
When looking at the life course of a new product or technology, invention comes third — the pivotal position — in a four-part process. Everything initiates with the IDEA, derived from a perceived need in the marketplace and one’s plan for filling that need. Next up is INNOVATION, the R&D phase, where full creativity is unleashed to find ways to turn the idea into reality. Everything pivots with the INVENTION, the actual product that is the physical manifestation of the idea and the driving force of the innovation. Following that, gears switch into the nuts-and-bolts world of PRODUCTION-MARKETING-DISTRIBUTION, the new invention’s emergence in the marketplace.
We’ve always celebrated the great inventions, those that profoundly change our personal and professional lives: Cars. Airplanes. Televisions. Telephones. Personal computers. The Internet. iPods. Tablets. These inventions and others not only created huge sales and market share, but they also expanded entire industries by increasing the production and performance potential of vast numbers of people. The amazing thing? When the invention hits the market and becomes part and parcel of our lives, we ask ourselves: “How did we live without this?” Yet, before the invention reached the market, chances are, only the inventor could see this.
That’s why we are so enamored with inventors and their inventions. However, as we are chronicling in The Legacy Series through a series of provocative, enlightening stories and profiles, everyone has the potential to invent and innovate — and that goes for every company developing products, services and technologies for either business-to-business or consumer markets.
Celebrate National Inventor’s Month. Better yet, extend the celebration for two weeks. A great way for you to check out tomorrow’s technologies — and pick up a creative spark for ideas and innovations you might be percolating — is to come to the inventor’s trade convention, InventHelp’s INPEX. The event will be held June 13-15 at the Monroeville Convention Center just outside Pittsburgh, PA. We’ll be there with The Legacy Series, looking forward to hearing of your inventions or innovations, and joining hundreds of innovators and inventors who are setting the course for our business and personal futures.