Tech Hosts Inaugural ‘Inventors Workshop’ in April

SOCORRO, N.M. January 26, 2016 – New Mexico Tech is organizing the First Annual Inventors and Entrepreneurs Workshop: A Business Start-Up Conference, for April 15 and 16 on campus.

The event is two days devoted to creativity and personal success. The workshop is intended to facilitate the progression of ideas from conception to market.

The event will culminate with New Mexico Tech’s own “Wolves’ Den,” which is similar to the popular Shark Tank television show. Inventors will present their ideas to a panel of successful, experienced investors and entrepreneurs. Presenters will be selected based on invention summaries submitted to a New Mexico Tech committee.

This competition, which requires an application (details on the website) is open to all New Mexico students and Socorro County residents. To apply to be a presenter or to register to attend, visit the website at http://management.nmt.edu/invent/. The deadline to apply to present is Sunday, Feb. 29. 

The basis for the Wolves’ Den is intellectual property (IP). All presenting inventors will be showcasing commercialization ideas that are built around IP that is either protected or protectable.

The event kicks off Friday, April 15, with three keynote talks and two panel discussions. Andy Lim of LAVU in Albuquerque will present “The Story of a New Mexico Startup.” He will talk about his company, which created restaurant management software and recently secured $15 million in venture capital to develop the program.

The first panel is “Planning for Protecting and Monetizing Your Idea.”  This panel will look at all aspects concerning protection of the rights to an idea in the development process.

The second panel of experts is “Show Me The Money: Investing in New Ventures.” The discussion will center around the requirements of how to prepare for funding requests and what to do when the answer is “no.”

The second keynote speaker is Bill Seidel, CEO of America Invents Inc. in Sebastopol, Calif. Seidel will chronicle his decades of creating and marketing more than $2 billion worth of new products.

After a Western barbecue dinner, participants will be treated to a special keynote address from Martin Cooper, the inventor of the cell phone. Cooper was a senior engineer at Motorola in 1973 when he made the first call from a mobile phone.

The session on Saturday, April 16, starts with a panel discussion on “Licensing Versus New Venture: An Easier Path to Riches.” The morning session closes with a keynote talk by Bob Parker, former Livermore Lab engineering and multi-millionaire with more than 80 patents. He is the inventor of the liquid crystal thermometer, the Mood Ring, the Duracell Battery Tester and countless other successful products.

After a lunch break, the main event kicks off – the Wolves’ Den. Presenters will be competing for funding and/or legal in-kind services that may be used to advance their innovation to commercialization. The Wolves’ Den panel is set to consist of six members who are prominent investors and early- stage commercialization experts who come from New Mexico, New York City, and Palo Alto, Calif.

– NMT –