Kitchen accessory receiving serious interest from multiple companies; advanced level of interest on baking accessory secured…

August 23rd, 2006

Good evening, Juan C. Blanco, Invent-Tech’s Director of Product Licensing, checking in with a mid-week update. We have been busy working further on some potential licensing situations that have already been discussed previously in this space, but we also received positive news today on two additional products from the Invent-Tech roster.

The first is a kitchen accessory that has already been receiving interest from a company involved in our Innovation Direct™ program. In fact, we reported on this interest in an August 7th entry (”Invent-Tech and Innovation Direct™ experience a successful Monday…..“). We received word today that the product idea is also the subject of serious interest from a major infomercial company that we originally met at the ERA Show in Las Vegas last September and that has been reviewing information on the item for some time now. They are in the midst of obtaining production cost estimates overseas before making a final decision on the product. In the interim, the company originally interested in the product continues to review the licensing agreement draft that our Manufacturer Response Team representative sent them a couple of weeks ago. It could be a race to the finish for this particular invention! As always, we will keep you abreast of any developments with this situation right here on the Invent-Tech Network.

Additionally, we also received positive word today in writing on a baking accessory from a major housewares company. The company has reviewed the detailed information on the product and is apparently in the process of making a final determination on their long-term interest.

We are genuinely excited about the potential that these scenarios appear to hold for the inventors involved. We will keep you up to date on the latest right here in this space. Check back frequently.

Entry Filed under: Licensing News, Invent-Tech News