Screw the 98% Invention Failure Rate!

What if I told you that you had a million-dollar invention idea and exactly what to do with it that would guarantee you a 2% reasonable chance for success, would you invest thousands or even 10’s of thousands of dollars and a ton of your time into it? Probably not and rightfully so! Yet over the past 30 years as an inventor and consultant I’ve seen countless hopeful inventors do just that only to become part of the 98% who lose it all.

Listen, I would love NOTHING more than to blow up the miserable 98% industry failure rate, but first we have to answer the question “what the hell are we missing?”!

Hi, I’m Lisa Lloyd inventor of 7 licensed patents generating over 30 million dollars, shark tank winner, corporate innovation advisor and invention whisper, and I created InvenTank to help you learn from the stories, hacks and best practices used by highly skilled professionals that have created the products we buy and use every day!

I’ve handpicked top experts from my million-dollar rolodex including fortune 500 companies, successful inventors, and experts on patents, sales, licensing and more to give you an insider view on what it takes to go from idea to product to profit!

Are you ready to change the odds?….Welcome to InvenTank

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Tom Fulcher – Idea Gardner

Mr. Fulcher is the founder of The Idea Gardener LLC, a business development, strategy and leadership/management consulting organization. He has over 25 years of professional experience leading projects and divisions for start-up, small and large firms including Colgate-Palmolive and Heinz. He served as CEO of an internet firm leading up to its eventual sale. You can learn more about him and his company at https://www.linkedin.com/in/tomfulcher/

Matt Simone – Innovation Manager, PING

Matt started his career with PING as a Senior Research Engineer and has been the Manager of Innovation for the last 2 years. Find out how PING approaches problem solving, vetting ideas and what you can do to license your invention with PING!prototype? All this and more on this episode of InvenTank!

Brendan Reed – Former Senior Healthcare Operations at P&G

26 year veteran of Procter & GamblExperienced senior manager with expertise spanning the full life cycle of product and process development. Leadership roles within R&D, Engineering, Quality Assurance and Manufacturing across a range of consumer products and foods. A skilled builder of technical organizations with a passion for talent development. Broad expertise in designing and implementing strategies, work processes and systems to meet business and people needs. Able to balance today’s urgent business needs while developing tomorrow’s innovation. Regulated products expertise with a focus on risk and a bias toward action.

Scott Plasek, Mana Pro Products (Formerly HERO Pet Products)

Want to license a pet product? Scott Plasek shares how and when EXACTLY to submit your ideas for license and what you can expect from that process. Do you need a patent? Do they sign NDA’s? Do you need a prototype? All this and more on this episode of InvenTank!

Howard Sherman – Crowdfund Buzz

Want to learn how to invent products like the big guys? Believe it or not, the industry failure rate for new innovations is still 75% or higher depending on the source. In this program Richard Haasnoot shares a few of the most important Best Practices he uses to help F500 companies innovate competitively resulting in products like the Swiffer, American Express Centurion Card, the PT Cruiser, Gatorade and MUCH MORE!

Leave your comments and questions below and we’ll get them answered!

Jim DeBetta: President of DeBetta Enterprises


Jim specializes in consulting inventors and consumer products start-up companies on product development, engineering, manufacturing and sales, and marketing into major retailers like Target, Wal-Mart, Best Buy, Costco, Bed Bath & Beyond, Michaels, Walgreens, HSN, the list goes on! He has also served as Vice President of Retail Commercialization for an original “Shark” on “Shark Tank”.

He’s the author of “the Business of Inventing”, former Staff Writer for Inventors Digest, and host of the podcast “Get Retail Ready”. You can find him at https://www.linkedin.com/in/jimdebetta/ and jimdebetta.com

Richard Haasnoot – Former P&G and Ernest Gallo Exec

Want to learn how to invent products like the big guys? Believe it or not, the industry failure rate for new innovations is still 75% or higher depending on the source. In this program Richard Haasnoot shares a few of the most important Best Practices he uses to help F500 companies innovate competitively resulting in products like the Swiffer, American Express Centurion Card, the PT Cruiser, Gatorade and MUCH MORE!

Leave your comments and questions below and we’ll get them answered!

Bill McHenry – Widgeteer

Bill has served in key capacities for a number of varied and high profile companies including Carnation a division of the Nestle Corporation, 3M, North American Philips, and Brach’s Confections in upper executive positions in the sales, marketing, and business development sectors.  He has also lent his talents to companies such as Toshiba and Konica Minolta as a National Account Manager. His sales aptitude has garnered tremendous success and is responsible for growing business in excess of one hundred million dollars with giants such as Disney, Wal-Mart, Best Buy, and Marriott.  Find him on LinkedIn at https://www.linkedin.com/in/billmchenry/