Past Meetup

How to License Your Intellectual Property

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Mike Marra is one of the most successful independent licensing agents and inventors in Minnesota. He has done over 100 licensing deals. He makes his living from royalties on his own products and commissions on his clients successful deals, so he can share the real world of licensing and answer your questions. His family business is Marra Design Associates (http://www.marradesign.com/html/about_us.html). His specialty is toys and games, but his licensing expertise applies to high tech, high touch and beyond.

Michael has 40 years of toy industry experience bringing new Toy and Game products to market and for the past 22 years, as Marra Design Associates, LLC (MDA), he has helped inventors like you, license their new product ideas to toy companies worldwide. He has a collection of toy catalogs going back 40 years, an invaluable archive for checking if there is prior art (or commercial failure) on your invention.

For the first 18 years of his career, Michael held Executive positions for International companies such as Hasbro Industries as New Product Development Engineer, Marx Toys as Manager R&D, VP of R&D for Colorforms and Director of R&D Engineering for Tonka Toys. A graduate of Wentworth Institute of Technology in Boston, MA, his Mechanical Engineering and administrative skills have been instrumental in the development of the industry's great hits: G.I JOE™ by Hasbro, WEEBLES™ by Hasbro Inc., POUND PUPPIES™ by Tonka, ELECTRONIC BOWLING by Marx, Maurice Sendak’s WILD THINGS™ produced by Colorforms along with hundreds of other successful products.

Mike's creative solutions to product development have generated the granting of international patents for the medical, consumer and toy industries.As an independent inventor and agent for the last 22 years, Mike has licensed over 100 products which generated hundreds of millions of dollars in retail sales and millions of dollars in royalties for inventors like you and Marra Design Associates.

About this Meetup Group

Meet other entrepreneurs and independent product developers. Bring your questions and "group-source" the answers. Hear from specialized experts willing to share their insights. Get energized and stay motivated to pursue your goals. Relax and have interesting conversations. Participants have found clients and collaborators through this Meetup.

Software, electronics, life sciences, med tech, services, products, materials, designs--innovators of a wide variety of value propositions participate. Both for-profit and non-profit entrepreneurs participate. Many are starting their second or third business. A partner in McKinsey & Company (NYC) turned up one evening. We have enjoyed meeting people from China, Korea, Saudi Arabia, Italy, India, Bangladesh and other countries. Many are newcomers to Minneapolis/St. Paul. Multi-generational, our age range has been 20 to 70+. Several investors make periodic visits for those of you looking for capital.

Let the host know what kind of expert you would like to have at a future meeting and feel free to refer speakers.

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