Invent Now, Inc.

Overview

Invent Now, Inc. is a nonprofit organization with the mission to foster the inventive spirit in all individuals. It serves as a catalyst for change by recognizing inventors and their innovations, promoting creativity, and advancing the spirit of innovation and entrepreneurship[1].

History and Legal Status

Invent Now, Inc. was founded in 1973 as the National Inventors Hall of Fame. It is a 501(c)(3) corporation, which signifies its status as a tax-exempt organization[1].

Activities

Invent Now, Inc. is involved in several activities designed to promote innovation and STEM education. Key initiatives include:

• Camp Invention: A summer program for grades 1-6 that has served over 723,000 children and 71,000 teachers and interns since its inception in 1990. Camp Invention offers hands-on STEM activities to encourage creativity and inventiveness in young minds[1].

• Club Invention: An after-school program for elementary students focusing on STEM education. It has impacted over 69,000 children and 3,600 teachers[1].

• Collegiate Inventors Competition: This competition, established in 1990, provides opportunities for college students to showcase groundbreaking scientific innovations. It offers over $100,000 in prizes annually to both undergraduate and graduate students, as well as their advisors. The competition is promoted across more than 2,000 colleges and universities[1].

Impact

Invent Now, Inc. operates under the umbrella of the National Inventors Hall of Fame, which honors the legacy of U.S. patent holders in partnership with the United States Patent and Trademark Office. The organization has a significant impact on STEM education, partnering with schools nationwide to inspire future innovators[3][5].

Leadership

Michael J. Oister serves as the CEO of the National Inventors Hall of Fame, which includes Invent Now, Inc. Under his leadership, the organization has seen substantial growth in its educational programs, increasing student participation and expanding partnerships with school districts[5].

Financial Overview

Historically, Invent Now, Inc. reported a revenue of $19 million in 2012[1]. However, recent financial details are not publicly available in the provided sources.

Invent Now, Inc. plays a pivotal role in nurturing creativity and innovation, especially through its educational programs that reach students across the United States.

[1] https://gwipp.gwu.edu/sites/g/files/zaxdzs6111/files/downloads/Reamer_Organizations_Promoting_Invention_and_Innovation_02-28-14.pdf [2] https://culture.lacity.gov/grantees/create-now-inc/ [3] https://www.invent.org [4] https://www.lacountyartsedcollective.org/create-now-inc [5] https://www.invent.org/about-us/leadership