Drug company sells patent to indian tribe

Representative image Small Fast Moving Consumer Goods (FMCG) companies that operate at regional levels are struggling in the face of unprecedented inflation across categories. Several of these companies have witnessed a slump in sales, according to data from Kantar, the data analytics and brand consulting firm, despite the overall categories posting growth. For instance, Ponvandu and Oorvashi, noted South Indian detergent bar brands, lost 17 percent and 8 percent of their sales by volume, respectively, in February, March and April compared to the same period last year, shows data from Kantar. The overall detergent bar category, however, grew 2.3 percent in the period, according to Kantar. Other local brands are in a similar situation. (As shown below) Close Small brands ideally are expected to gain out of inflation, which typically prompts consumer to switch to smaller and cheaper versions when confronted with price hikes in products of daily use. The … [Read more...] about Small FMCG companies struggle despite consumers switching to cheaper products

Naveen Kulkarni of Axis Securities The sense on the Street is that India's banking shares could be a big mover over the next 12 months, as all the positives start getting priced in. In conversation with Moneycontrol, Naveen Kulkarni, Chief Investment Officer at Axis Securities also believes that the picture for Indian IT sector 'remains quite complex' at this juncture. He advices investors to be selective, and also to wait for another quarter to understand the changing trends here. Here's the full interaction. Do you think the new-age tech companies will delay their IPO plans, especially after already-listed new-age companies were hit quite badly in the recent turmoil and corrected more than others? The market has changed for technology companies after the significant correction seen on the Nasdaq. As central bankers around the world try to manage the liquidity - which is fuelling global inflation - the cost of funds will continue to rise. This will have the most … [Read more...] about Daily Voice | FII selling may now abate, banks ripe for up move over 12 months

Last week, I wrote about how to avoid ending up with inventory you cannot sell . But let's say that's exactly what you have: A garage stacked with boxes of product you thought consumers needed, but have had trouble getting off your hands. In my experience, this is not uncommon. For more than 15 years now, I've been hearing a version of the story below. You have this great idea for a new product you believe everyone wants. So you file a patent application, which, after it issues and all is said and done, ends up costing you about $15,000. You work with a manufacturer overseas to produce the minimum amount required for an order, which runs you between $20,000 and $50,000. You pay a professional to help you set up your website and begin selling on Amazon, which you perceive to be a low-cost course of action. All in all, by the time you're in business, you've made a major financial investment. But without the marketing to back it up, the reality is, finding your … [Read more...] about What to Do With All That Inventory You Can’t Sell

Employees assemble a Mahindra & Mahindra Ltd. XUV 500 sport-utility vehicle (SUV) on the production line at the company's facility in Chakan, Maharashtra, India, on Monday, April 2, 2018. Mahindra & Mahindra is India’s largest SUV maker. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Robust consumer demand teamed with an ongoing shortage of chips has seen wait times for Mahindra & Mahindra Ltd.’s XUV700 sports utility vehicle balloon to as long as 22 months just as the carmaker unveils the latest model in its big-automobile lineup. Outstanding customer pre-orders for the seven-seater XUV700, which the Indian automaker launched in August, are running to around 70,000, Executive Director Rajesh Jejurikar said in an interview last week. While the chip shortage has eased from a peak late last year, Mahindra is still … [Read more...] about Love of big cars, chip crunch extends wait time for M&M

Have an idea for a new product? Early on, spend some time determining what your strategy for bringing it to market will be. Is venturing required, or can you license it instead Personally, after venturing uniquely shaped guitar picks geared towards fans and licensing many of my ideas , I'd choose the latter every time. That's because running a small business, even an ultimately successful one, stressed me out. Who wants to worry about cash flow? I much preferred the freedom to keep creating that licensing affords. Primarily because you can get to market faster, licensing to a large company is also one of the best ways of protecting yourself. These are among the many benefits of licensing . If this is the route you choose, it's understandable, then, that you might be asking yourself how to get the highest royalty rate possible. Royalty rates differ across industries. Knowing what's typical can be extremely helpful when negotiating, so get familiar with the … [Read more...] about How to Get a Higher Royalty Rate For Your Invention

Bringing a product to market demands inventiveness. That seems obvious enough, right? Not just the conception of a new idea, though -- the entire process. Because whether you choose to try to license your idea or venture it on your own, you'll have to keep thinking creatively to make it happen. You'll need to strategize . That's just the nature of entrepreneurship. Inventors underestimate this. They want to focus on the fun part. They look for magic bullets where there are none. It doesn't have to be that way! Yes, there's a lot to learn, that's for sure. But if you commit to being open-minded, to relentlessness, to asking questions, well... I can almost guarantee you'll be surprised how far you get. I've brought most of my ideas to market by licensing them, which is both speedier and far less risky than venturing. The step inventors struggle with the most when it comes to licensing their ideas is getting in touch with the right person at the right company at the right time . … [Read more...] about How to Do ‘Pull-Through’ Marketing Like a Pro

When I took an art class on a lark in college, I discovered how much I loved being creative. Bringing my ideas to life didn't feel like work -- far from it. The experience was downright magical. If I could do this for a living, I'd never work a day in my life, I realized. After I left, began selling my own product designs, and spent several highly informative years at the red-hot toy startup Worlds of Wonder , I developed a simple process to help me achieve my goal. I would supply companies with new product ideas. In exchange, they would do all of the heavy lifting of getting them on the shelf and pay me royalties based on units sold. I'm talking, of course, about licensing . You can think of licensing like renting. The companies I would approach already brought products to market. I had the creative ideas they needed. For me, it was the perfect partnership. After I left WOW and did some freelancing work, I began licensing my ideas and didn't stop for decades. How could … [Read more...] about 18 Reasons You Should Consider Licensing Your Product Ideas

Most people are motivated to learn about the product licensing process after being struck with a specific idea that they cannot stop thinking about. But if you're creative, and regularly imagine new ways of experiencing life, I recommend that you begin mastering the art of licensing by applying your ingenuity to novelty gifts . The novelty gift industry is perfect for beginners for many reasons. For one, inventing novelty gift products is fun. These products exist to spark joy and make people feel good. Companies that produce novelty gifts are constantly looking for new ideas. They carry a wide array of products for all seasons and reasons. And finally, the requirements to submit an idea are minimal: You do not need a prototype or a patent for licensing consideration. That's the main reason why it's easier to get started in this industry. Basically, your task is to make everyday items slightly different in a way that puts a smile on someone's face. You're not solving … [Read more...] about Want to Learn How to License Your Ideas? Start Here

Share to Twitter Share to Linkedin Founded by the late movie star/philanthropist Paul Newman in 1982, Newman’s Own entered its fourth decade this year by refreshing its brand to better connect with younger consumers and more sharply focusing the mission of the foundation that receives 100% of the food company’s profits. Dr. Miriam Nelson , a scientist, and social entrepreneur renowned for her extensive research, policy work, and civic action in public health, children’s wellness, sustainability, and food systems, took the reins of the Newman’s Own Foundation in 2020. David Hessekiel: Please tell me a bit about the personal/professional journey that resulted in you becoming the CEO of Newman’s Own Foundation, a unique, important player in the world of corporate social impact. Miriam Nelson: My relationship with Newman’s Own Foundation began in the most organic way. I’d been brainstorming ways to secure funding for a small after-school nutrition … [Read more...] about Changemaker Interview: Miriam Nelson, CEO, Newman’s Own Foundation

Beau Wangtrakuldee, Ph.D., is a scientist, entrepreneur, and founder of AmorSui, a modern protective apparel company redesigning personal protective equipment (PPE) to empower women with greater function and protection in lab and medical settings. She spoke to Doreen Lorenzo for Designing Women, a series of interviews with brilliant women in the design industry. advertisement advertisement Doreen Lorenzo: Have you always had an interest in design? Beau Wangtrakuldee: The way I think about it, science and design are really closely related. You design to solve a problem. You conduct a science experiment to solve a problem. I’m a former Ph.D. scientist, so I’d work in the lab on drug discovery, antibacterial drugs, and material science. It’s all about problem-solving, creating something that can actually resolve an issue or a challenge. What inspired you to launch AmorSui? advertisement One day when I was conducting an … [Read more...] about Yes, PPE can be reusable. AmorSui is making sure of it