The author describes his Vertical Innovation™ process, which has succeeded in commercializing inventions more than 90% of the time. He outlines the importance of an innovation center that encourages daily interaction and is focused around inspiring a vertically integrated procedure,
which includes invention vetting, customer insights, design concepts, feasibility prototypes, engineering layouts, production prototypes, design-for-manufacturing, factory sourcing, branding, and market launch, all in one concentrated location. He describes projects that have benefited from
this process and that have yielded combined revenues of over $50 billion for partner-client companies and more than 1,200 commercialized patents. The author is a trustee of Cleveland Clinic and co-president of Nottingham Spirk, a leading product innovation company. He has licensed hundreds
of inventions to more than 30 companies and is co-founder of more than 40 venture companies, many of which have been acquired by major corporations, such as Procter & Gamble, Unilever, Schick, and Medtronic.
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Document Type: Research Article
Publication date: August 1, 2019
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Technology and Innovation, edited and published by the National Academy of Inventors, is a forum for presenting information encompassing the entire field of applied sciences, with a focus on transformative technology and academic innovation. Regular features of T&I include commentaries contributed by the United States Patent and Trademark Office (USPTO) and in-depth profiles of Fellows of the National Academy of Inventors in every issue.