The organization has a museum in Akron, Ohio, and an annual induction ceremony. Inductees are chosen by a national panel of inventors and scientists. There are satellite offices in Washington, D.C. and Los Angeles.
The National Inventors Hall of Fame Foundation is a non-profit organization founded in 1973 by the United States Patent and Trademark Office and the National Council of Intellectual Property Law Associations. The organization hosts the Modern Marvels Invent Now Challenge, an annual contest for inventors nationwide, in collaboration with the United States Patent and Trademark Office, Time magazine and The History Channel. It also operates Camp Invention, a summer camp program for elementary school age children and the Collegiate Inventors Competition.