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OK this topic about licensing will likely result in quite a few blogs, so I’ll start with a series of questions to set the stage.
- Are children really more creative than their parents?
- Can we parents work with them to invent a new product using 3D printing to prototype?
- Would a manufacturer really accept our idea and how do we protect it?
- Can my child really earn his own college fund?
- Would a licensing deal help if and when our child applies to university?
Out of this list, I think most of you will agree that the final question is the easiest to answer. Of course a university admissions board would welcome a child who played a leading role in a product idea that has been successfully sold to a manufacturer. They might even offer the child a scholarship based on ingenuity and leadership. Universities are centers of cutting edge research and advance thinking. If your child can demonstrate creativity that’s also proven commercially viable, universities would certainly embrace him or her with open arms. It’s a natural fit.
The other questions, however, will need more time to answer. I’ll explore the world of licensing in the coming blogs and report back to you. (What I’ve seen so far seems promising!)
Before I end this blog, let me say this: 3D printing can play a big role in this process because you can design as many prototypes as you want using freely available 3D modeling software. (We just added the very powerful Fusion 360 into our Starter Kit.) If you want your design 3D printed but don’t have a printer, just search on line for the nearest 3D printing service bureau. You can send them the file and they can send you your prototype in a few days or even sooner. This is the WHOLE POINT of 3D printing; the power of creating new products is now in the hands of the people, not necessarily controlled by big corporations. More to come!