Innovative Products Research & Services, Inc.     P.O. Box 335, Lexington, MA  02420
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Innovative Products Research & Services, Inc.
            a 501(3)(c) non profit organization based in Massachusetts
                        Putting Creativity to Good Use

History and Management of IPRS

History

IPRS was incorporated in 1988 as a non-profit corporation in Massachusetts as an outgrowth of the founders' involvement in inventor organizations and support activities. In talking with many inventors it was found nearly all shared a common frustration - the large amount of resources required to take an invention from concept to commercial success. There often was a gap for at least $50,000 in services required even for licensing a new invention. These resources were required for legal expenses to secure patent, trademark and related rights, design services to develop and test prototypes, manufacturing services to produce samples, marketing services to evaluate and develop marketing programs, and in the case of consumer products, packaging design and production services. Obtaining the services of experienced and reliable people to assist in carrying the invention through the various stages of development can be an expensive and daunting process. Negotiating a licensing agreement is another challenging task requiring expert legal counsel and negotiation skills. As a result of this resource requirement, most inventions, even those patented, do not achieve commercial success. This is one of the problems that we sought to address.  We subsequently obtained two grants from the U.S. Department of Energy to carry out two studies and publish our findings.  More details can be found by pressing the Education button above.

Management

Our founders and directors include:

Dr. Donald D. Job, President and Treasurer of IPRS is a past president of the Inventors Association of New England and a current board member, a past president of a national inventors group, United Inventors of America (UIA), an inventor, and an invention development consultant. Dr. Job has a background in health care products and information technology. He is also a past chairman of the Society of Manufacturing Engineers New England Robotics Chapter.

Mr. Harry King is a business executive and entrepreneur who has been involved in a number of ventures including business brokerage, recycled tire technology and health products.  He is a founder of AgeWiz, a web-based services organization targeting senior citizens.

Mr. Carl Hardy is a product and industrial designer for a major shoe manufacturer. Prior to that he provided industrial design services for a variety of clients including independent inventors. Mr. Hardy is also a past president of the Inventors Association of New England that meets regularly at Massachusetts Institute of Technology in Cambridge, Massachusetts.  He presently serves as Clerk of the corporation.

 

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© 2002 - 2006 IPRS Inc.
Revised: August 25, 2006