A licensing manager at a mid-size housewares company gets 40 to 80 unsolicited invention submissions a month. She gives each one about 12 seconds before deciding whether to read further or move on. That number, which Enhance Innovations in Champlin, Minnesota has...
About 90% of independent inventors never recoup their development costs. The reasons are not mysterious. Since 2010, the Enhance Innovations team has worked with first-time inventors out of an office in Champlin, Minnesota, and watched the same five mistakes repeat....
INPEX, the largest invention trade show in the United States, hosts about 1,000 inventor exhibitors per year. Of those, fewer than 60 walk away with a licensing deal in the 12 months following the show. The other 940 take home contacts, feedback, and a sharper sense...
There are 11.6 million people working in US manufacturing across more than 250,000 shops, and over 90% of those shops are small or mid-size operations looking for the right product to make. Your invention sits somewhere on a list of work they would consider taking....
US universities filed over 26,000 invention disclosures in 2023 and signed more than 8,400 license agreements, according to AUTM’s annual survey. Most of those licenses went to companies and startups outside the university. If you have a product idea and need...
