Thursday, January 14, 2010

Inventing as a way of business

Business First of Buffalo reported that ideas lead to inventions and, sometimes, a business. As the article relates:

“But that’s just a starting point on a long journey,” said registered patent attorney Vincent LoTempio of the law firm Kloss, Stenger and LoTempio.

On Jan. 19, from 9 a.m. to 1 p.m., in the Buffalo State College auditorium, LoTempio and other area experts will host entrepreneurs with big ideas and explain what to expect throughout that journey.

The event is called Product Idea Expo, where attendees will get overviews on writing business plans, starting a business and creating prototypes.

Local entrepreneur Richard Conway is scheduled to discuss his experiences in how to bring a product to market.

In 1998, Conway developed the Balance Buddy, a U-shaped handle that attaches to the rear axle of a child’s bicycle.

“It works like a stroller, so parents don’t have to bend down and struggle as they teach their kids to ride a bike.” Conway said.

Patented in 2001, Conway estimates he’s sold more than 100,000. The product can be found at Target, Toys R Us and

Other sessions include how to avoid the common mistakes inventors make, how to sell a product and what retailers look for in products. “The program is open to anyone who has an idea and wants to market it,” said William Grieshober, business adviser at the Small Business Development Center at Buffalo State.

The event is co-sponsored by the college, New York State Small Business Development Center and the U.S. Small Business Administration. Besides LoTempio and SBA representatives, presentations will be followed by a question-and-answer session. Scheduled to present are SBDC counselors, as well as professionals with experience in customs, advertising and marketing.

For more information or to register, visit

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