Web site: www.eastlondoninventorsclub.com email: firstname.lastname@example.org For general enquiries telephone: 0208 252 9524 Chairman Issue 6 February 2006 Christmas Get Together Our Christmas get together proved to be a successful evening with over half of our members attending. This is a time when members can bring a guest or their partner and meet other people in the club for a chat in a relaxing atmosphere. This event is proving more popular each year The Queen’s? No! ELIC’s Garden Party Your committee is thinking of having a bigger, more formal afternoon or evening event in late Spring/ Summer where invited guests such as the media, councillors, Business Link, Financial Institutions, product promoters, etc are invited. This would provide good networking opportunities as well as promote the Club. Your support to this event will be important. Would you like to attend a meeting such as this? Please email your opinions to:. email@example.com ELIC spreads the Word Worldwide….. Since being launched in Apr 2005 The East London Inventors Club website :- www.eastlondoninventorsclub.com has received over 60,000 hits — over 9,000 hits a month. This is an enormous amount of people visiting our site. People who have written on the forum come from all over the World—USA, Portugal, China, Tokio, Canada, Croatia, Cork in Ireland, Silicone Valley, Puerto Rico, Scotland to name just a few. Writes ELIC’s webmaster—Diamond Braganza. There are links to national and international inventors’ clubs and associations providing worldwide networking opportunities. It is possible for visitors from all over the World to obtain access to Club information and download the ELIC Newsletter. More information is regularly being added to the website. For example, we are hoping to add member’s profiles onto this site. If you wish your profile to be added please send details (about A4 page) to firstname.lastname@example.org Setting Our Minds Buzzing November saw the first part of our series of talks based on trying to get your message over to a Financial Panel. Our guest speaker Michael Klein answered all questions put to him by members as well as including the questions below. How do you present your invention and its financial requirements to key individuals? How do you make contact with entrepreneurs, financial institutions and organisations in all sectors of commerce and industry to enable you to present your invention? At the end of the evening we were all buzzing with enthusiasm. Note: The Second part of our series is planned for March when members will give a range of presentations with feedback from a panel, and be watched by a friendly audience of club members.. Views from the CHAIR Hi everyone, Welcome to our first newsletter of the year 2006. Since the last newsletter a lot has been going on. 3 of our members were chosen to take part in a pilot programme for the BBC with James Dyson. Celia Gates showed her Cookware, Brenda Reay showed her Temperature controlled Animal Container and Melvyn Wright showed his child’s inflatable bumper car. The show is a possible forerunner for a series later in the year, but for internal use only at present. Melvyn Wright took on board your suggestions at the January meeting and has contacted several manufacturers at the Toy Fair at Excel and NEC. Charles Seber has now revised his A4 handout to make it easier to be understood as a result of feedback at the meeting. There is more about our meeting on page 6 of this newsletter. Two of our members were selected to appear on the Richard Hammond Show on ITV at 5.0oclock ‘Mothers of Invention’ Brenda Reay was selected for her Animal Container and Cintra Jaggan-Vince showed her CY strap. Both members received feed back and email enquiries as a result of the Programme. Things have gone quiet, regarding the approach from BBC to make a new pilot programme about UK Inventions, but I will chase them up and keep you all informed of the progress. New roles of responsibility were selected at the January committee meeting. I am the Chairman, Brenda Reay is now Club Secretary, the Treasurers job is going to be done by me, Bola has offered to do the club fund raising and Diamond is continuing to manage our web site. Both Paul, Diamond, myself and Brenda are going to take photographs to help publicise the Club. Any other relevant photographs would be appreciated. I know I speak for all the committee when I say that we are working hard to make ELIC the best inventors club in the UK. We have the inventors and the resources to make this possible. Please let me know if you have any publicity or achievements during the year as we would like to include successes in our newsletters. Regards Terry Jennings British Female Inventor and Innovator The BFIIN Event which consists of an Exhibition, Conference and the celebratory Awards Ceremony aims to promote exceptionally creative, inventive and innovative women across Britain and acknowledge the contribution to economic growth takes place on 20th and 21st February. The exhibition will be on the 21st February at the Guildhall, London. This year we have at least three ELIC female members competing for the prize of British Female Inventor of the Year 2006— Hannah Mensah, Cintra Jaggan-Vince and Brenda Reay. The East London Inventors Club has entered into an Award winning category which covers “initiatives or projects that increase the ability and skills of individuals, groups and organisations to plan, undertake and manage their valuable inventions or innovations”. BFIIN exhibition 2005 Overall winner and ELIC Member Well done to two other ELIC members who Deb Leary photographed with won awards: Cintra Jaggan-Vince and Bola Olabisi—ELIC Committee Member Celia Gates Annual Fees for 2006 ….. NOW DUE Your annual membership fee was due in January 2006. The East London Inventors Club was formed by and for inventors, innovators and entrepreneurs. It is a non profit making club run on a voluntary basis which serves to stimulate, encourage and promote the development of members’ innovative new Invention ideas, concepts and for products mainly up to the stage of business start up—an area were many other organisations specialise. The East London Inventors Club explores every aspect of the invention trail from “I’ve got an Idea…..What do I do next?” through to and in some cases beyond the product being available to the consumer. Developing new ideas can be a complex, expensive and demanding process. ELIC offers its services at no extra cost to members. Your committee are voluntary people and they have worked extremely hard to keep costs down to the reduced price of £24.00 for another year. This price includes refreshments and free entry to our normal club meetings. For those of you who have a swipe card, these must be updated and renewed at the same time as you pay your membership fee. If you no longer intend to be a member these cards must be returned otherwise the UEL will charge you £5.00 for it. You must agree that £24 is an extremely cheap price to pay for ten meetings a year and our Christmas get-together which we hope to repeat again this year. Last Year, we were also able to offer members a highly reduced price for exhibiting at the British Invention Show Exhibition, the British Female Inventors and Innovators exhibition this year, Asian Women’s Day as well as certain other publicity events. Members Recommended Web Sites. http://www. pgconnectdevelop.com Proctor and Gamble’s website P & G is actively seeking opportunities to connect with innovators from around the world to find the next game- changing products, packaging, technologies, processes and commercial connections that can improve the lives of the world’s consumers. Inventors Handbook Notes Thought this might interest you. It was taken from NESTA – Inventors’Handbook: Facing reality—Editor If you are going to succeed, you first need to adopt the right feet-on-the-ground attitude towards your idea and its development. So: 1. Don’t think invention. Think business opportunity 2. Don’t expect anyone to beat a path to your door (unless they intend to rip you off). Good things will happen only if you get out there and make them happen. 3. Companies often complain that inventors aren’t on the same wavelength as them. To you, your idea is your baby, precious and unique. To companies it’s just another log on the fire. Swallow whatever it is you need to swallow and get on that wavelength 4. Innovations brings rewards but it also brings risks, so always control your costs and always limit your risk. 5. A typical development timescale is 2 – 3 years – often more and rarely less – so plan carefully and never rush into anything. 6. Be professional as you can in all your dealings, claiming that because you’re more of a ‘creative’ type it’s okay to be disorganised, unreliable and inflexible just won’t wash. Congratulations Ranjith It is with delight that I announce that Ranjith has recently signed a contract with a large distributor and we will soon be seeing his Stable Table in the market place. Ranjith has been an active member and supporter of our Club for some time now and we all send him our congratulations—Editor The IWP basket platform (Stable Table) is designed for use with any rotary washing line or line pole, it attaches at the base of the pole and is fastened on. Once fitted it can be left in place permanently. When required it is simply folded out to form a convenient platform then afterwards it just folds neatly back out of the way. Manufactured mainly from glass-reinforced plastic, it is very strong and weather resistant and can hold up to a maximum of 10Kg. Dates for your Diary 20th February British Female Inventor of the Year Conference, DTI, London 21st February British Female Inventor of the Year Exhibition, The Guildhall, London. 23rd February EAST LONDON INVENTORS CLUB MEETING 5.30—8 ish 6th March British Library—Baroness Greenfield—In Search of the Creative Mind Venue in the Conference Centre British Library, 96 Euston Road, London NW1 2DB at 6.30 Tel: 020 7412 7222 8th March How to Work a Room Research shows that networking, referrals and word of mouth are critical to growing a small business Venue: London Chamber of Commerce 33 Queen Street, London EC4R 1AP 6p.m. to 8 p.m. Entrance free 8 March—2nd April E arls Court Ideal Home Exhibition, Earls Court, London 13th March British Library—The Creative Entrepreneur 6.30 Dame Anita Roddick is the founder of Body Shop, shares some of her highs and lows 21 March Networking PLUS March—Business Link for London Venue Kingsway Hall Hotel, WC2B 5BX from 5—9 pm Charge online £21.25 + vat) 28th March A Woman’s Place—Networking for women in business—6—10 p.m. Contact Dawn Charles Tel: 01727 752394 for more info 30th March EAST LONDON INVENTORS CLUB MEETING 5.30—8 ish 5th—9th April Exhibition Inventions de Geneve, Polexpo, Switzerland 27th April EAST LONDON INVENTORS CLUB MEETING 5.30—8 ish __________________________________________________ Member’s handy tips— by Brenda Reay It is often difficult to write a couple of sentences about what you do, but providing an overall statement summarizing at the highest level, the unique position the product intends to fill in the marketplace is essential. The following format may be useful. For target customer who statement of need or opportunity the product name is a product category that statement of key benefits i.e. compelling reason to buy In contrast to primary competitive alternative product/service our product has statement of primary differentiation. (unique selling proposition.) E.g. For Entrepreneurs who recognise the need to operate globally, J4F is a Consultant which offers greater added value. In contrast to other consultants J4F has real experience of operating and investing internationally. This can accelerate your fund raising and your entry into new territories and markets. Here is my attempt. It takes a long time but does sort our the key benefits. Dogs die in Hot Cars—RSPCA 1 in 3 UK Dogs holiday with their Owners—Wagg For people who sometimes cannot avoid their animals being put in potentially hazardous situations and recognise the need to protect their pet from suffering an agonising death from heatstroke or the cold. The Animal Container (Kind to Animals) offers a unique opportunity. It is the only thermal, Temperature Controlled container on the market that can be set to warm in colder weather and cool in the summer thus helping to prevent the extreme discomfort of animals. In contrast to other containers/cages, our product is temperature controlled, works from mains, car battery or its own power supply and increases the comfort and safety of animals. I’ve got an Idea…. Our January meeting proved to be one of the most popular meetings yet. Instead of our usual “Guest Speaker” we highlighted some of the key issues involved in launching a new product to market. It was very much an interactive evening with lots of help and advice given by other members. Some of the advice included: 1. Say the name of your invention first. 2. Make your presentation clear—less technical 3. Don’t confuse people by talking about too many of your inventions. Select 1 or 2 4. Use a brand name for your product 5. Focus in on the main area to which you are trying to sell e.g. army 6. Then select your five best reasons why you think your invention is better than similar products already on the market. Don’t confuse people by giving too many. 7. Produce a scaled down model if possible 8. Try to give some idea of the retail cost. Here are some members comments about the evening:- “I thought it was one of the most stimulating meetings we have had. Normally we are all so wrapped up with our own projects, our eyes glaze over when other people talk about theirs on a 1-1 basis. So it is very good to have a meeting where everybody could join in”. Charles Seber “I think it was very informative and made me realise that although you may think you have a good idea, there are loads of ways to dissect it i.e. looking at the pros and cons.” Chix Okeiyi “An inspirational evening with lots of pointers in the right direction. We should certainly have more of this type of interactive and sharing of good practice format a lot more.” Bola Olabisi “I thought it was a superb meeting, look at the response from the audience, it could have gone on until midnight. You should have more evenings like this one. Only one suggestion is that you start at 6.00 p.m. and finish at 9.00 p.m. It must be difficult for any people in employment to get along at these times. It was good to hear that you are not alone in having to pound away to get people to listen to your new inventions. We should have government also to attend and see the passion in the people who invent!” John London ‘Wacky Patent of the Month’ UK Patent Application No. GB2172200. An umbrella for wear on the head. The support frame is designed so as not to mess up the wearer's hair. Such umbrellas are apparently on the market, but it's uncertain whether they are constructed according to the patent application.
"ELIC Newsletter Feb06"