In honor of National Inventors Month, we reached out to a true champion of inventors, Louis J. Foreman. Founder and Chief Executive of Enventys, a product development company, he is also the CEO of Edison Nation, a company that helps independent inventors commercialize their ideas. Foreman has a passion for innovation and small business and speaks regularly on the subject of patents and intellectual property.
Meet Celia, an intrepid inventor with a great idea and big ambitions for changing the world. Little does she know the legal pitfalls that await if bad patent legislation makes it through Congress…
The U.S. patent system was designed for a specific purpose. It was designed to give the individual the right to own an invention, just like an author has the right to own a book, and it's there for an incentive. What that does is it incentivizes incredible risk-taking by thousands of inventors around the country all trying to do incredible things. Very few inventors make it, but the ones that do, change the world.
Adding uncertainty and costs to getting and maintaining patents will be the largest single cost of the decline of innovation and therefore the economy in this country that I've seen in my lifetime.- Representative Thomas Massie
“As Congress considers legislation to address abusive patent litigation, we believe it is imperative that your decisions be informed by reliable data that accurately reflect the real-world performance of the U.S. patent system.” – Letter from top economics and law professors
