Edison Nation

Edison Nation (5)

The Boy Scouts of America® (BSA), one of the nation's largest and most prominent youth development organizations, and Edison Nation®, an idea-to-shelf product developer, announce the selection of two youth inventor finalists from the Boy Scouts of America Innovation Challenge. The Boy Scouts of America Innovation Challenge was an online call for young inventors, open to all boys and girls age 7 to 21 years, tasked with solving today’s challenges with tomorrow’s products.

“We’re thrilled with the results from this search, and are looking forward to showing these young inventors that their ideas have validity and can come to fruition,” said Louis Foreman, chief executive officer of Edison Nation.

The selected inventors from the Boy Scouts of America Innovation Challenge include:

  • Ian Wesley, a Boy Scout from Westerville, Ohio, who submitted the patent-pending ShowerLine Shower Caddy, a travel-sized method to carry, store and dispense toiletries.
  • Zach Huebner, a Boy Scout from Naperville, Ill., who submitted an idea for a new school management tool that will help students take better note of assignments.

“We’re excited to announce the selections, as it holds true to the BSA’s mission to prepare youth to be innovative, problem solving leaders,” said David Harkins, associate director, retail business development, Boy Scouts of America. “The Boy Scouts of America is looking forward to seeing the success of these young inventors and watching their products come to market.”

Both ideas received a thorough review for intellectual property protection, market potential and engineering by Edison Nation’s product review experts. Edison Nation will invest up to $1 million to develop the selected ideas and help bring them to market. The inventors will receive royalties for life from the sale of their products, be named the “inventor” on any issued patents, and may have an opportunity to appear on the award-winning Everyday Edisons television series.

Edison Nation works with everyday people and inventors to turn their extraordinary ideas into products sold by major retailers. Anyone may submit an idea for licensing and/or development consideration to one of Edison Nation’s “Live Product Searches” through a secure and confidential online platform. Selected ideas will receive an advance and inventors will share in the royalties with Edison Nation.

For more information, visit: www.edisonnation.com/live_product_searches/BSA295

The Boy Scouts of America (BSA), one of the nation's largest and most prominent youth development organizations, and Edison Nation®, an idea-to-shelf product developer, today announced the Boy Scouts of America Innovation Challenge. Open to all boys and girls age 7 to 21 years, the challenge does not require that the young person be associated with the BSA to submit ideas or be selected as an "inventor."

The Innovation Challenge is looking to today's kids to develop tomorrow's products. Whether the invention solves a problem around the house, the yard or at school; helps you take better care of your pet; or creates a new way to learn or play, the BSA and Edison Nation® goal is to inspire young minds to submit creative, new product ideas.

"The ingenuity of today's youth is incredible," said Edison Nation® CEO Louis Foreman. "By partnering with the Boy Scouts of America for this Innovation Challenge, we are able to tap the talent and imagination of tomorrow's leaders. I'm looking forward to seeing the innovations that will result from this challenge and the impact they will have on these individuals."

Edison Nation® will invest up to $1 million to develop the selected ideas and help bring them to market. Selected inventors will receive royalties for life from the sale of their products, be named the "inventor" on any issued patents, and have an opportunity to appear on the award-winning Everyday Edisons television series.

"The Challenge reflects on the BSA's mission to prepare youth in America to become responsible, participating citizens and leaders," said David Harkins, associate director, Retail Business Development, Boy Scouts of America. "By encouraging youth's creativity, young inventors are setting the path for the future."

Edison Nation works with everyday people and inventors to turn their extraordinary ideas into products sold by major retailers. It is free to join the Edison Nation® online community and costs just $25 to submit an idea ($10 for current Boy Scouts of America members who submit an idea as a part of this challenge). Because the Boy Scouts of America Innovation Challenge is for youth inventors, a parent or guardian is required to be involved during the submission process for those under the age of 18.

The Boy Scouts of America Innovation Challenge ends on Monday, May 7, 2012, at 11:59 p.m. PST.

To learn more about the challenge or to submit an idea, visit: www.edisonnation.com/boyscouts

Daymond John, the sought-after new business consultant known for his role on ABC’s Shark Tank and as CEO of FUBU, is partnering with Charlotte, N.C.-based Edison Nation, an online community that pairs independent inventors with global retailers, manufacturers and ASOTV leaders.

Daymond John’s business and entrepreneurial finesse is seen by millions of viewers on Shark Tank, the hit reality TV show in which everyday people bring business pitches to a panel of investors. The third season of Shark Tank premiered on ABC January 20, 2012.

The Edison Nation and Daymond John collaboration is presenting an opportunity for people with innovative product ideas to pursue licensing and commercial success.

This search is made possible through Edison Nation’s Innovation Fund. If an idea is selected for commercialization, Edison Nation will invest up to $1 million in development dollars into the innovation and bring it to market. There is no limit to the number of ideas Daymond John and Edison Nation will choose for this search.

“We are thrilled to partner with such a prominent businessman and entrepreneur as Daymond John,” says Edison Nation CEO Louis Foreman. “Our hope is that this partnership will expand the likelihood that independent inventors’ ideas are matched with a suitable retail or manufacturing company.”

Edison Nation is an idea-to-shelf product developer and web-based platform that addresses the innovation needs of leading retailers, manufacturers and ASOTV companies through its social community of inventors. Edison Nation utilizes a $25 Million Innovation Fund and various corporate relationships to bring independent inventor-driven ideas to market.

“I’m excited to work with an innovative community such as Edison Nation to share a critical path for everyday people’s ideas that can be brought to market and find commercial success,” says Daymond John.

It is free to join Edison Nation and a nominal fee to submit ideas to current product searches.

For more information, visit: www.DaymondJohn.com or www.EdisonNation.com

Edison Nation® and Inventors Digest are celebrating the official move to May of National Inventors Month with a roll out of product-submission opportunities and contests.

Edison Nation is an idea-to-shelf consumer product developer and social community for inventors. Throughout May, Edison Nation is offering one free submission of a patented or patent-pending idea for a current search hosted on EdisonNation.com. Mattel®, Atomi (for The Sharper Image), and leaders from the As Seen On TV industry are currently hosting searches for new product ideas. In addition, Edison Nation features a $25 Million Innovation Fund that is actively seeking to invest in the development and licensing of new innovations.

As an original founder and lead agent in moving National Inventors Month, Inventors Digest is offering free subscriptions through contests on its Facebook page throughout May.

"Innovation is woven within our organizations' fabric," says Louis Foreman, co-founder of Edison Nation and publisher of Inventors Digest. "It's a privilege to be a part of this dynamic inventor community and offer a resource to those hoping to push the boundaries of innovation."

Senior Senators Patrick Leahy (D-Vt.) and Chuck Grassley (R-Iowa) late Tuesday announced a Senate Resolution officially designating May 2011 as National Inventors Month.

August traditionally has been National Inventors Month. The move to May better aligns with the academic calendar, explained Inventors Digest Editor Mike Drummond.

"The move allows more opportunities for youth K-12 to become aware of the vital contributions inventors have made and continue to make to society," Drummond said, "as well as to more broadly celebrate and foster the spirit and practice of innovation."

In addition, the move coincides with the annual National Inventors Hall of Fame induction ceremony, held in Washington, D.C., each May. Tonight's induction features an address by David Kappos, director of the United States Patent & Trademark Office, and will celebrate the induction of groundbreaking inventors.

Edison Nation is an idea-to-shelf consumer product developer behind such products as Gyro Bowl, Emery Cat and Mister Steamy. Edison Nation operates an invention-centric multi-platform organization, including Everyday Edisons, an Emmy® award-winning series on public television now in production for Season 4, and the namesake Edison Nation sponsored idea search service that has brought to market dozens of products in over 25,000 stores nationwide through partnerships with leading retailers and manufacturers. Edison Nation was founded in 2008 and is headquartered in Charlotte, N.C.

Inventors Digest Magazine is the nation's longest-running publication and website for the inventing industry. Published monthly with daily web updates, Inventors Digest is the leading publication for inventors, intellectual property professionals, engineers and product developers.

For more information visit: www.edisonnation.com or www.inventorsdigest.com

Nearly all Americans (95%) agree with President Obama's call for a "Sputnik Moment" during his State of the Union message – a return to innovation and invention as a way to spur the growth of the U.S. economy – according to a new scientifically valid poll from Edison Nation, the "idea-to-shelf" incubator behind such consumer-driven products as the Emery Cat, the Gyro Bowl and Mister Steamy.

The survey also finds that four in 10 Americans are already thinking like modern-day Thomas Edisons stating that they've had an idea for a new invention or concept for improving a product already in the marketplace.

Unfortunately, more than two-thirds (67%) never made a go of their idea. Merely nine percent of those aspiring inventors filed for a patent and only 14 percent contacted a manufacturer to discuss licensing or production.

Of those that did not attempt to make their invention or innovation a reality, more than half (51%) said it was because of a lack of money, connections, expertise or time.

Additionally, there appears to be an "innovation generation" among 25 – 34 year olds, with more than half (55%) stating that they have an idea for an invention or product improvement, a significant number in contrast to those 50-plus (39% for 50 – 64 & 33% for 65+).

This poll about U.S. invention was conducted in conjunction with the launch of the Edison Nation Innovation Fund, a source of financing for everyday Americans who have ideas – in any stage of development – for new product innovations and technologies.

"With the establishment of the Edison Nation Innovation Fund, it seemed vital to take a survey of Americans' own thoughts, feelings and pursuits when it comes to the inventive spirit," said Louis Foreman, CEO of Edison Nation. "It's particularly interesting to see that those people with ideas for new innovations were halted due to a lack of resources that our new fund and staff of world-class engineers, industrial designers, researchers, marketers, lawyers and U.S. Patent-holding inventors will be able to provide."

Beginning today, anyone with a great idea can log on to (www.edisonnation.com) to register and submit his or her idea for Edison Nation Innovation Fund consideration.  This new initiative from Edison Nation will act as a private investment-style fund for new ideas and will invest up to $25 million in the development of new products or technologies in order to take ideas from concept to consumer.

Edison Nation is free to join. To celebrate the launch of the Fund, Edison Nation is providing an exclusive introductory submission cost of $25 per idea. Visit www.edisonnation.com for more information.

The Edison Nation Innovation Fund is just one part of Edison Nation's invention-centric multi-platform organization, which includes the public television series entering into its 4th season Everyday Edisons; the 25-year old national magazine Inventors Digest; and the namesake Edison Nation sponsored idea search service which has brought dozens of products to market in over 25,000 stores nationwide through partnerships with leading retailers and manufacturers.

Survey Methodology

The survey was conducted utilizing OmniTel, GfK's weekly national telephone Omnibus service. Each OmniTel study consists of 1,000 adults aged 18 or older (half men, half women). The sample is based on a random digit dialing (RDD) probability sample of all telephone households in the continental United States. The RDD sampling system guarantees an equal probability of selection for every household. All completed interviews are weighted to ensure accurate and reliable representation of the total population 18 years of age and older according to the latest census figures. Weighting factors include gender, age, education, ethnicity and region.

The results from this study were conducted February 11-13, 2011.  A total of 1,005 interviews were completed (481 males and 524 females). The margin of error for this study is plus/minus 3.0 percentage points and is higher for subgroups.

For more information visit: www.edisonnation.com

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