Inventor Lance Glammeier has developed a new product called Vial^PRO™ that will save lives and money. The invention is directed to the problem of ‘Needle-Sticks’.
So, what is a needle-stick and what does Vial^PRO™ do?
The general public is not familiar with needle-sticks. However, if you are in the medical field, you know precisely what a needle-stick is. A needle-stick is an accidental stick of a syringe by the Doctor, Nurse or other medical technician to themselves. This accident usually occurs when the patient is getting a shot.
According to Lance Glammeier, President of Glamme^Systems Inc., needle sticks are a major concern of Doctors, Nurses, Health Care Administrators and should also be a great concern to the American public. Glammeier cites statistics on his website www.VialPRO.net that 70% of Nurses worry about needle sticks. 64% of Nurses report that they have been stuck and 96% of Nurses believe that improvement is needed. In addition, as the website states, 80% of Doctor and Nurses in the medical field believe that it is important to keep two hands behind the needle while 80% of the Directors concur with these findings.
According to Martin Makary, M.D., M.P.H., a surgeon at The Johns Hopkins Hospital, “99 percent of surgeons-in-training suffered an average of eight needle-stick injuries in their first five years and that 53 percent had experienced an injury involving a patient with a history of intravenous drug use and/or infected with HIV, hepatitis B (HBV) or hepatitis C (HCV).” In addition, the U.S. Department of Health and Human Services Food and Drug Administration Center for Devices and Radiological Health Reporting Systems Monitoring Branch Division of Surveillance Systems Office of Surveillance and Biometrics states “Needle stick-related injuries, and malfunctions of devices intended to prevent needle sticks, that result in occupational exposure to blood borne pathogens, such as human immunodeficiency virus (HIV), hepatitis B virus (HBV), and hepatitis C virus (HCV), continue to be an important public health concern.”
With H1N1 making headlines daily, young and old are lining up to get the shot. The American public has no idea about what a danger and risk a ‘needle stick’ poses to their health. The Centers for Disease Control (CDC) estimates that 600,000 to 800,000 needle sticks occur every year. Annually, there’s $3 to $5 BILLION dollars spent (wasted) because of needle stick injuries. These findings are also exposed by OSHA, the American Nurses Association and major Universities across the nation.
Needle sticks are a major concern of Doctors, Nurses, Health Care Administrators and should also be a great concern to the American public.
Here is what Vial^PRO can do.
Two-handed control of the syringe
Keeps your hands and fingers behind the needles
Better visual control with the medication vials and the syringe and the target zone
Color coding for better visual identification
Can be used with or without “safety” syringes
It’s convenient to use with simple one twist action
Reduces risk to healthcare providers and patients alike
Increases efficiency during the procedure; because the syringe is in both of your hands
Ultimately reducing control issues
Reducing needle stick injuries across the board
Reducing costs year after year
With all the benefits that the Vial^PRO provides, it will only be a short time before the medical industry
Words of Wisdom: next time you get a shot, ask your technician if they are using the Vial^PRO
To get an idea of your invention profile, start by calculating your inventioncomprehension. This is the basic understanding you have of the invention industry at this time. Your invention comprehension depends on your knowledge and understanding of the invention process at the earliest stages of your project.
Your knowledge may be limited in scope or more in depth. For example, you may be aware of certain invention process facts or you may not know the details. The more you understand early on, the better you can benefit from the entire process.
Understanding the invention process is to know what the risks are. Your risk tolerance is your willingness to invest in your project in exchange for a chance to earn a higher return. If you expect to make a profit with your invention, you should be willing to accept a higher degree of risk. This is called the risk-return exchange.
To get an idea of your risk tolerance, take a few minutes to complete the following risk tolerance quiz:
Question
1 Point
2 Points
3 Points
I will use an invention company
I understand the risks involved
but my invention can’t miss
I have completed an evaluation
I believe a patent will cost me under $300
I will do a patent search ASAP
I think I understand the invention process and I can move forward in confidence
TOTALS
_______
This is the end of part 1 of this article. Part 2 will follow shortly and provide you with the breakdown and overview of the totals. The explanation may surprise you.
Unfortunately most ‘NewVentors’ (new inventors) do not know or even understand how to get started with their invention. Sadly, too many of them fall prey to the various deceptive invention companies who advertise on the Internet.
Ultimately that results in the NewVentor failing with his/her invention idea.
There are actually three main reasons for this.
1. Lack of information on the Invention Process;
It seems that most people have no idea what they need to do to develop an idea into a final invention product and then how to bring that product into the marketplace. They get sucked into the web of the slick talking commissioned salesperson at a deceptive invention company. These sales folks know exactly what to say to lure in the neophyte inventor.
The companies do very little to help inventors other than to drain the inventors bank account. The NewVentor therefore is doomed to fail.
2. Lack of Funding;
Too many NewVentors give up long before they have even started the invention process because they think they are unable to raise the funds necessary to make their invention workout. If they talked with a deceptive invention company, all they heard was that need to spend between $5,000 and $40,000 dollars to get involved.
These same NewVentors don’t realize that many inventions today were launched without any major funds or a significant investment whatsoever. Many were launched by NewVentors with very little to no money and on many occasions the success of those inventions ended up turning around their lives.
Our complimentary eBook ‘Save Your Money To…Save Your Invention’ can be very useful on this subject and will give you all the information required to go forward with your invention idea. You can request your free copy by going to http://www.siteproweb.com/iebook1free-ebook. After you read the eBook you should take a look at our inventor’s blog at www.inventoreducation.com/blog. Here you will find great information and an education on how to get started with your invention idea.
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3. Fear Of Invention Failure
One of the biggest obstacles that NewVentors have is the fear of failure. Some of them think they will be making a fool of themselves. Some even break into a sweat just imagining what a close relative of friend will think of their invention idea.
Ask any successful inventor and they will tell you that one of the basic rules for invention success is that the staircase of invention success can never be climbed without taking that first step and/or having the cold feet of fear.
Anybody who wants to be a successful NewVentor must overcome this fear and instead focus on their ideas and what they are trying to achieve. Focus on your goals and leave the fear of failure at the door.
Want to hear the truth? Invention scam companies are good for the invention industry. Oops, that’s an invention lie. Want to hear the real truth? Invention scam companies are a disaster for the invention industry.
We’ve all read about the financial Ponzi schemers in the media recently and how they have destroyed thousands of innocent people out of their life’s savings. It’s disgusting isn’t it?
Well, how many of you are disgusted with the invention company schemers who have been doing the exact same thing to innocent people? I know I am.
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The problem is, very few people know about it. The media doesn’t broadcast this financial fraud like they do the financial debacle. It’s a shame because more people are getting hurt everyday by these invention scam companies and only a few of the good guys are doing anything about it.
Hopefully one day soon the media or the USPTO or some of the various good guys in the invention industry will take a stronger stand and call out these bad guys in a tougher more insistent way. Until then we must put up with it, and that’s no lie.
Here is how I suggest we eradicate these scammers.
There is a strict law that applies to patent Attorney’s. They must abide by the rules and regulations of the USPTO. So, why not develop a set of strict rules for all invention companies to abide by as well. It should be mandated by law and administered by the USPTO. Every company must register with the USPTO and follow certain rules and regulations.
Make it mandatory that all invention companies work on a contingency basis. Since these scammers all claim they can make you rich – MAKE THEM PROVE IT. They won’t/don’t get paid until/unless you the inventor make money.
Let the new USPTO division (I mentioned above) put out a list of all registered invention companies. If a company is not on the list they are to be avoided by the public.
This is not an exhaustive list, it is only a start. If we in the industry want to continue to help clean up the industry, let’s do more than what we are doing now.
I will say however, there are several excellent companies and organizations that are doing a terrific job to help inventors. They are just not as publicized or well know to the general public as they should be.
If the public has one source to go to such as the USPTO to find out who the good guys are, then the industry will start to shake out the scammers and we will all be better off for it, and that’s no lie either.
Most inventors are looking for investors to help them with their invention. Some inventors go to friends and family while others seek the more conventional route of Venture Capitalists (VC’s) or Angel investors.
Unfortunately the later 2 groups have scaled back their funding during this financial crunch and crisis. For example, in 2008, VC investments dropped by 8% and Angel investments were down 26.2%, according to the National Venture Capital Association and the Center for Venture Research.
On a more positive note, both groups are still on the lookout for solid investments. The key is knowing which one to target to maximize your chances of success. To better understand which one is best for you we will help you to understand the difference between the two.
ANGELS
Generally, Angels invest in early-stage companies. About 50% of their deals are in the start-up stage as compared to less than 10% for the VC’s. Angels are traditionally high-net-worth people who invest their own money in companies with high growth potential. They really to be convinced that the venture you are proposing is sound, growth oriented and profitable.
VENTURE CAPITALISTS
VC’s generally take less risks than Angels. They invest in later-stage companies. They typically look for companies that have demonstrated revenue streams and have proven the commercial viability of their product or technology. VC’s are full-time professional capitalists who raise large sums of money (perhaps $5 million to $1 billion) from institutions like pension funds, university endowments, insurance companies and of course ‘super rich people.’ They collect they funds and turn around and invest the money into companies with high growth potential. VC’s will invest larger amounts than their Angel counterparts.
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HOW MUCH DO THEY INVEST?
As mentioned above VC’s will invest larger amounts of money. Generally they don’t like to invest less than $5 million but in some cases will invest $1 million. They look for strong companies in need of very large capital infusion. Angels however might invest as little as $25,000 in a project. The hardest money to get for an inventor is usually the first $25,000 to $1 million which falls under the Angel umbrella. In many cases, inventors may secure an Angel investor, start up the business and at some point in the future look for VC’s to help. Both investors work hand in hand.
Presently both Angels and VC’s are more cautious about who and how much they are willing to invest. It has become a tougher environment for inventors to secure funding. The investors are looking for an idea that is truly unique and stands out.
Based on the type of invention you have, your investment may be as low as $100 or possibly as high as $100,000 or more. The low end is based only on what an inventor might invest to start their project and then decide to stop. The high end is based on what an inventor might be expected to invest if their product is not high tech or very costly to produce and sell.
Bottom line, if you don’t have money to burn (and who does?), seek investors that can possibly help you.
December 2, 2009 | Posted by Victor 
Categories: Distribution, Inventor, Legal Protection, Licensing, Manufacturing And Production, Marketing, Product Pricing, Promotion & Advertising, Research And Development | 
Tags: business, Future Invention, invention, Inventor, Marketing, patent, patent pending, success | 
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