116: How to Turn an Invention into a Product Business

Product Startup

Mar 2 2022 • 37 mins

Tom Gray is the Founder and Executive Producer of the Make48 TV Show, a show where contestants have 48 hours to come up with an invention idea and build a prototype to showcase it to the judges. The show is on PBS, Amazon Prime, and many other networks around the world. I will actually be one of the judges on the upcoming season, so stay tuned for that release date in coming months! Today Tom is going to share some valuable knowledge on how inventors, startups, and small manufacturers can grow from being an inventor, maker, tinkerer, or product ideator into being a real product business success via either product licensing or starting a product manufacturing business.

Today you will hear us talk about:

  • Two choices: License or build a startup
  • Licensing still requires you to move down the
  • 4 things to present an invention idea
  • Your first prototype is never the final one, do a few to get it right
  • Make sure to have a quick and clean video
  • Sales sheet, just one page
  • Some IP protection, done well
  • Small stepping stones in developing the product


EPISODE LINKS

Tom Gray / Make48 Links:



The Product Startup Podcast Links:



Mako Design Links: