Tesla is widely credited with inventing AC or alternating current, and of course wiping the floor with Thomas Edison’s direct current or DC as a general power source.
In fact he didn’t invent AC – it had been around for a few years before Tesla got his hands on it. However, Tesla’s genius led to the creation of the induction motor and transformer which amplified the availability of power and voltage in particular. George Westinghouse licensed Tesla’s patents and the rest as they say is history. Westinghouse is still a World class utility provider.
Tesla was a prolific inventor. He is credited with over 112 patents, filed in 25 different countries. Some of his other inventions include the largest ever magnifying transmitter coil which produced lightening bolts over 100m long! Can you imagine that on Top Gear or in physics lessons?
He was also credited with producing Tesla turbines which used discs rather than blades to propel liquids, wireless lighting, extra terrestrial radio transmitters and an “ideal flying machine.” The ideal flying machine and the work on the death ray machine are still classified documents in the US. Some say the US Government didn’t really take any notice of Tesla until he attempted to publicise his work on these devices. Whatever the truth of the matter, we can’t read his work on these inventions.
He was also way ahead of his time in other ways. Especially with his Tesla Shield – an electromagnetic shell that repelled radio waves or electromagnetic forces and kept material within the shield totally protected. The Tesla Shields still have military and civilian applications. His talents didn’t stop there. He patented a solar powered “sun motor” and an amplifier of mechanical power, i.e. a mechanical rather than an electrical invention. He was surely one of the most awesome inventors ever.
Which makes me wonder if we do enough in the UK to really help our inventors?
In the IP World I’m a big supporter of tax breaks for technology companies. We invent things, and it is only right that we support companies who manufacture and do R&D here.
It is with some sadness then that I found out that applications to the Patent Box Scheme must end for new applications before the end of 2016. The scheme itself runs until 2021. There is some suggestion that a new scheme will be introduced for patents after 2016, but the odds are that it will be less generous than the existing scheme. So the message is simple; get your inventions in now, and apply for this tax relief in good time!
If we want the next Westinghouse or Tesla in the UK, we need to support them in whatever way we can!
If you would like any advice on inventions or tax relief, give one of our team a call for a no obligation chat on 0113 4032102 or email us!