Invention Licensing

by David

I have a patent and a prototype of my product. I would like to get a licensing deal or sell the patent. I need more information on what I should do and the steps I need to take.

Answer:

Congratulations on getting a patent on your product and building your prototype. That takes a lot of time, effort and dedication. At InventionPartner we preach a 3 step process called EDM.

EDM stands for Evaluate-Develop-Market. Assuming you evaluated your idea and it is something that will sell you are ready to market it.

To market your idea I suggest finding companies that sell similar products. Contact them and let them know you have a patented product that would be a great addition to their product line.

You will want to create a presentation that shows the advantages and features of the product. If they are interested you can send them the presentation or go visit them in person. If the product is a good fit and all goes well you can enter into a licensing agreement.


Comments for Invention Licensing

Average Rating starstarstarstarstar

Click here to add your own comments

Aug 29, 2014
Rating
starstarstarstarstar
Licensing Partner
by: Earl Seay Inventor

My name is Earl Seay I am a inventor. I received a Patent no.8,622,667 from the Patent Office in Jan. 7,2014.What I invented was a device that turns a Drill Motor into a Screw Gun while retaining the drill bit.

A short demonstration can be seen by Googling "Earl Seay" and clicking on to: "EARL SEAY DRILL MOTOR COVER".

I am seeking a comprehensive Licensing Partner that would have product development, supply chain and distribution capabilities.

Please review the Patent and Video.

Thank You
Earl Seay Inventor

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Answers to Invention Questions.

Share this page:
| Home | Contact | Privacy Policy