Who is capable of coming up with new product ideas?
Anyone and everyone! After hearing yet another one of our inventRight students tell us, “I wish I knew about licensing as a teen! I had all these ideas, but I didn’t know what to do with them,” we were inspired to take action. We believe aspiring entrepreneurs of all ages should know about licensing, because it’s a fantastic fit for them. That’s why we founded inventYES in the fall of 2015: To teach young entrepreneurs about licensing.
Why is the licensing model a good fit for young entrepreneurs? It’s low risk. You don’t have to quit your day job to do it. You need some money, but not much. And if you’re successful at it, you can live and work wherever you want. That kind of freedom is priceless! In fact, licensing is one of the most accessible ways to begin learning about product development and inventing. Frustratingly, licensing isn’t taught in college — and definitely not in high school. We’re committed to changing that. We want young entrepreneurs everywhere to know that starting a business isn’t the only way to bring their ideas to market.
The inventYES program was founded in the fall of 2015 in conjunction with the nonprofit Youth Entrepreneurs of Kansas and Missouri and Kansas City Community College. In the summer of 2016, we decided to open the inventYES program to high school students across the country.
Our mission is simple: To get youth entrepreneurs excited about licensing by showing them how doable it really is.
To that end, the inventYES program is 100% free.
The truth is that we’re the most creative at age 5, when we believe anything is possible. Teens are primed to succeed at licensing! We are excited to share the skills and strategies we have developed over many years of coaching with a new set of students. After all, you’re never too young to learn about passive income.
Stephen Key and Andrew Krauss