Edison, New Jersey Township in Hunterdon County. In 1876, Thomas Edison set up his home and research laboratory in New Jersey on the site of an unsuccessful real estate development in Raritan Township called "Menlo Park", (currently located in Edison State Park). While there he earned the nickname "the Wizard of Menlo Park." Before his death at age 83 in 1931, the prolific inventor amassed a record 1,093 patents for creations including the phonograph, a stock ticker, the motion-picture camera, the incandescent light bulb, a mechanical vote counter, the alkaline storage battery including one for an electric car, and the first commercial electric
Inventor (patent) created by the patent. The inventor may license a patent to another entity for an up-front fee, an ongoing royalty or other consideration. The inventor may also sell the patent outright. Henry Woodward, for example, sold his original US patent on the light bulb to Thomas Edison who then developed it into a commercially successful product. Inventors who are employees of a company generally sell or assign their patent rights to the company they work for. The extent to which they are compensated will vary from jurisdiction to jurisdiction and may depend upon any prior employment agreements that are in