Invent-Tech ensures inventors know what to expect when working with our company

August 25th, 2006

Good afternoon, Invent-Tech’s Sr. Technical Writer back with our continuing series about Invent-Tech’s departments. In our last entries focusing on Invent-Tech’s Compliance & Quality Assurance department (posted June 7, 2006 and June 14, 2006), we discussed our company’s commitment to supporting individual inventors in their search for a company to license their product. Deeply ingrained in this commitment is our effort to ensure that all inventors fully understand what they can and cannot expect from Invent-Tech. These efforts are supported by the knowledgeable guidance of a client’s New Project Director (NPD), and reinforced by a series of checks and balances including our Affirmative Disclosure Statement, Inventor Assistance Authorization Form, and Inventor Assistance Quality Assurance Questionnaire.

Each and every inventor inevitably holds high expectations for their ideas. Nearly all inventors operate under the belief that their product is undoubtedly destined for market success and manufacturers would be foolish not to create it. But the factors involved in a manufacturer’s decision to license and produce an invention are far more complex than simply seeing a great idea, producing it and putting it on the shelves.

Prior to investing the requisite time and resources into a project, manufacturers must carefully evaluate the product’s fit into their current product line; the existing consumer market; actual costs, which include overhead, materials, labor, etc.; profit potential; probable distribution channels; and numerous other considerations not always obvious to those unfamiliar with the process of commercializing new products. Moreover, the public must still then buy the product before anyone makes any profit. As common sense would dictate, it is impossible to tell whether a product will or will not “make it” in the marketplace. Who would have ever predicted success for the originator of the Pet Rock? Essentially, that product is a rock in a cardboard box! Ultimately, success for an invention is determined by many myriad factors besides just having a “great idea”.

For these reasons, Invent-Tech can never guarantee the success of a new product idea. This is communicated by the NPD, and the client demonstrates their understanding with documents like the Affirmative Disclosure Statement and Inventor Assistance Authorization Form.

Invent-Tech is in business to assist inventors in contacting industry with professionally produced marketing materials, and then facilitating the negotiation of licensing agreements with interested companies. We know that our comprehensive range of Inventor Assistance Services and our patent-pending licensing methodology are a valuable advantage to individual inventors.

This belief is confirmed by our clients themselves based upon their responses to their Inventor Assistance Quality Assurance Questionnaire, which enables us to monitor the effectiveness of our services and client satisfaction levels. It allows us to examine our strengths and weaknesses as perceived by the clients we serve, and guides our aim to constantly improve and adapt our services in a rapidly changing, global marketplace.

During the term of their contract, Invent-Tech’s inventors gain from the expertise and recognized industry presence of the nation’s preeminent Inventor Assistance Firm. With the combination of their determination and ours, we work together diligently towards the best possible outcome. Check back next week to learn more about an invention’s journey through the Invent-Tech office.

Entry Filed under: Invent-Tech Services