Introducing new and successful products is crucial in order to grow your organization and outperform competitors. The only problem is the risk involved. Creating a solution without being 100% confident that it’s the right product, for the right time, and for the right customer. About 30,000 products are launched annually, yet 80% of them fail.
Budding young entrepreneurs and inventors from across the U.S. convened this weekend at the Henry Ford Museum in Dearborn, MI for the annual National Invention Convention and Entrepreneurship Expo (NICEE). Put on by The STEMIE (STEM + Invention + Entrepreneurship) Coalition, this invitation-only event is a celebration of K-12 inventors and entrepreneurs who competed in regional invention competitions around the country in order to qualify. The 300 finalists were invited to bring their invention to the expo to compete against one another for awards such as “Best Pitch,” “Most Patentable,” “Best Prototype,” “Most Sustainable,” and more.
Topics: Young Inventors
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