The Lemelson Foundation Case Study

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The Lemelson Foundation was created by Jerome Lemelson, an American inventor and the holder of more than 600 patents in technology in the United States in 1993. The mission of the foundation is described on the official website: “The Lemelson Foundation uses the power of invention to improve lives, by inspiring and enabling the next generation of inventors and invention-based enterprises to promote economic growth in the US, and social and economic progress for the poor in developing countries.” (The Lemelson Foundation, 2015). The creator of the foundation believes that the success of sustainable development can be achieved through providing support to technological inventions and helping them to get into the market. Naturally, the strategy …show more content…

biotechnology, engineering) as well as to get valuable knowledge and set of skills needed, as for instance, for creation of prototypes. The program encourages the youth to be passionate about invention and come up with groundbreaking solutions to the pressing world’s issues. In turn, Lemelson’s incubation program is designed with collaboration of over 200 U.S. colleges and aims to provide students – innovators with a guidance in tech entrepreneurship as well as with initial stage funding (The Lemelson Foundation, …show more content…

This, in turn, enables the organization to better achieve its social project goals. As an example, Novy- Hildesley (2006) claims that Benetech employed the service of pro bono lawyers to obtain a set of licenses from the initial inventors and manufacturers of the technology at a lower cost. While PATH provided training on communication techniques to its employees in attempt to facilitate the process of building long-lasting and trustworthy relationship with large- scale manufacturers that may foster a global production of the PATH

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