A team of highly experienced Invention Development Specialists will perform a comprehensive analysis of your product idea.
Certified Engineers will verify the required profit potential to design, develop and produce your invention. New Product Marketing Specialists will research the consumer demographics and the estimated size of the potential U.S. buying market. Market researchers will confirm that there is an adequate number of prospective U.S. manufacturers and distributors. A Professional-licensing Agency will review and decide if they are interested in representing your invention. On average, the Invention Analysis takes 10 business days to complete.
Don’t waste time filing a patent for an invention that has already been claimed! With a professional patent search, you can begin the process of knowing that your new idea is eligible for patent protection.
Patent searching is an important early step in the product development cycle. A comprehensive and reliable patent search is strongly advised before too much time and resources are invested in a new invention. The result of the patent search will give you the information you need to properly proceed with the development and patenting process.
Our 2D and 3D illustrator solutions enable our invention designers to quickly transform new ideas into great products. Intuitive interface and powerful design capabilities drive smarter, faster product development that powers our client’s success. Powerful toolsets, clear communication of design information, virtual prototyping, and quick generation of market ready graphics give us the distinct advantage in a competitive intellectual property industry.
With powerful visualization and modeling software, we will create a compelling product rendering showing a consumer in the act of using your invention. A vibrant In-Use Illustration allow us to share your invention and associated documents with consumers and licensing prospects.
Since invention design models can be embedded into documents, it’s easier for us to transform consumer in-use illustration data into compelling product presentations.
A product description is the marketing copy used to describe an invention’s value proposition to potential customers. A compelling product description provides important details of the key features and benefits to help generate a sale. All inventions exist to enhance the purchaser’s quality of life. Therefore, the primary focus of a [properly constructed] description will allow potential customers to imagine having your invention in-hand, using it and enjoying the direct benefits of ownership.
Using the completed Invention Development documentation, a team of specialized engineers will identify the parts, components and materials needed to construct your invention. Thereafter, the suggested wholesale and retail (MSRP) selling price of your invention will be formulated.
Identifying the relationship between each component let our engineers effectively outline the essential material requirements needed during the manufacturing process. If conflicts arise, they evaluate the relationships between each component and automatically troubleshoot any issues. Intelligent engineering tools and libraries are used to validate this process.
We employ the services of some of the very best Patent Attorneys in the U.S. to represent our clients. In doing so, your invention design and development documentation will be used to write and file the required patent application. A Provisional patent application gives you 1-year of initial protection and a Utility patent application gives you an additional 20-years of protection. – All applications are filed with the United States Patent & Trademark Office (USPTO).
Your assigned patent attorney will implement advanced legal safeguards and seek to bullet-proof your patent against competitor redesigns. Note: A non-provisional patent application (Utility, Design or Plant) must be filed within 1-year from the filing date of a Provisional patent application or it’s considered abandoned by the USPTO.
Our proprietary Invention Marketing website allows consumers the ability to select a limited number of products they find most appealing. The highest rated 10% of all consumer validated inventions will be presented to industry manufacturers for licensing. Royalty payments are typically paid by the licensor every three months on all gross product sales. If a licensing contract is successfully negotiated and accepted, the inventor receives 50% of the profits, consumers that selected the product during the validation process equally share 40%, and the licensing negotiators receive 10%. The overall ratings of the products displayed on the Invention Marketing website are never shared with anyone other than prospective manufacturers for licensing purposes.
We assist our clients in the negotiation, implementation and management of patent licensing or direct buyout agreements, both from a strategic (carrot) and an enforcement (stick) standpoint.
By licensing or selling your invention to a company, you don’t have the hassles and significant expense of manufacturing, marketing, and distributing it yourself. Most relevant manufacturers have large distribution networks to instantaneously get your invention into retail and online stores.
When licensing your invention, you are giving a company the exclusive right to manufacture, market, and sell your invention. In turn, you receive royalties. Licensing an invention is like owning a home and renting it out for a stream of income. You may also get a cash advance. Cash advances are nonrefundable payments received toward future royalties. You can also receive a License Fee.