Inventors and Patents From the City of Worcester
In 1932, the stock market crash sunk the country into a deep depression. In Worcester, a quarter of the workforce was unemployed and working for reduced wages. City hall responded by initiating a public works program. This program employed laid-off workers to pave roads, paint buildings, and clean parks. At the same time, President Franklin Delano Roosevelt launched the New Deal, a government initiative that aimed to boost the economy.
Carina Banning
Dr. Carina Banning is a member of two churches: the Episcopal Church and Cedar Avenue Baptist Church. She was married twice, the first time to Miss Florida Morrill, who died in New Orleans in June 1869. She later married Dr. E. P. Banning, who served in the United States Navy until 1871. He was promoted to the rank of Lieutenant in the regular service and later resigned his commission and began practicing medicine in New York City. She has three living children, including a son and daughter who are both doctors.
Hartford Fire Insurance
Hartford Fire Insurance Company has recently been awarded a patent for a new system of increasing insurance capacity. The invention was developed by five co-inventors and was filed Feb. 29. The five co-inventors include Andrew J. Amigo of Gloucester, Mass., Kevin F. Barber of Stoughton, Mass., and James W. Hendry of Hopkinton, Mass.
EMC
In recent years, Worcester-based companies have sought patent protection for their inventions. These companies range from software to hardware. The listing of Worcester-based patents includes those that have been granted by the USPTO to those that are still pending. These businesses also serve as a great source of local jobs.
In one case, a scientist named Dr. Alvin M. Marks created valuable intellectual property. However, his family’s circumstances were not always easy. His caregiver, Gerard J. Aitken IV, served as his legal representative and held a power of attorney. This power of attorney paved the way for the transfer of Dr. Marks’ intellectual property to Energy Materials Corporation.
Inventors and companies licensing these patents pay a portion of their sales to WPI. These payments are known as royalties. Of this money, half goes to the inventor and the other half goes to WPI’s dean and to its research mission. Patents from WPI have potential to solve problems and increase community wealth. One example of a patented technology from WPI is a recycling technology for lithium-ion batteries. This technology has been licensed to a start-up company in Worcester.
https://www.ycombinator.com/documents/
https://techcrunch.com/
https://www.uspto.gov/learning-and-resources/startup-resources
https://www.sba.gov/business-guide/plan-your-business/fund-your-business
https://hbr.org/1998/11/how-venture-capital-works
http://patentpc.com/
http://uspto.gov/
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