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Edison Nation, LLC


Self Description

June 2011: "People from around the world use Edison Nation to get their innovations in front of retailers and manufacturers, to store and perfect their ingenious ideas, keep up with inventive friends, and learn along the way what it takes to create and introduce a successful product into the market."

http://www.edisonnation.com/about

Third-Party Descriptions

February 2012: 'Louis J. Foreman, founder of Edison Nation, which produces the PBS show “Everyday Edisons,” agrees. “With first-to-invent you run the risk of going through the patent process and at any time someone can I say, ‘I thought of that two years ago, here’s my notebook,’ ” said Mr. Foreman, who is also chief executive of Enventys, a product-design company that has more than 500 patents. “It makes it difficult to raise money.”'

http://www.nytimes.com/2012/02/09/business/smallbusiness/business-owners-adjusting-to-patent-system-overhaul.html

June 2011: "Edison Nation is just one of several so-called open innovation companies that seek to encourage creativity and share in the profits when that creativity strikes pay dirt.....Edison Nation, however, has a leg up on its competition because it is run by the same people who produce the reality TV show “Everyday Edisons,” which appears on PBS."

http://www.nytimes.com/2011/06/12/business/12proto.html

Relationships

RoleNameTypeLast Updated
Cooperation (past or present) Public Broadcasting Service (PBS) Source Jun 12, 2011
Organization Head/Leader (past or present) Founded/Co-Founded by Louis J. Foreman Person Jun 12, 2011

Articles and Resources

Date Fairness.com Resource Read it at:
Feb 08, 2012 Business Owners Adjusting to Overhaul of Patent System

QUOTE: The most sweeping patent system changes in more than 50 years became law in September with enactment of the America Invents Act, which the White House has said will help turn inventions into businesses faster. Entrepreneurs and small-business owners who rely on the patent system to protect their intellectual property are just starting to understand the changes, which phase in over an 18-month period that ends in March 2013.

 New York Times
Jun 11, 2011 You Bring an Idea, and They’ll Do the Rest

QUOTE: risk-averse people have eureka moments, too, he says. And that’s Edison Nation’s sweet spot....company splits all revenue with its inventors. “There’s no hold-back. If a dollar comes in, 50 cents goes to the inventor, 50 cents to us. It’s a transparent process.”

 New York Times