The Twin Cities metro hosts more than 700 medical device companies and supports 35,000-plus manufacturing jobs across the seven-county region. If you have a product idea and you live within driving distance of Minneapolis or Saint Paul, you sit on top of one of the...
Most inventors with a consumer product idea spend between $4,500 and $9,500 to get a complete, presentation-ready prototype package built by a professional firm. Add $399 if they want a patent search up front, and $1,499 if they file a provisional patent before the...
Most inventors imagine an invention prototype as a physical object. A hand-built model. A 3D-printed shell with working parts inside. That picture is out of date. The first invention prototype most licensing-track inventors should build is not a physical object at...
Most inventors hear “market your invention” and picture Facebook ads, influencer posts, and retail launch budgets. For an inventor planning to license the product to a manufacturer instead of self-manufacturing, almost none of that matters. The audience...
The U.S. tool industry generates roughly $35 billion in retail sales each year, and the major brands file or license thousands of new utility patents each year. If you have a tool invention, a hand tool, a power tool accessory, a garage organizer, a workshop fixture,...
Patent license money flows through several distinct streams: a possible advance at signing, ongoing royalty payments tied to sales, milestone bonuses if the deal includes them, and minimum guarantee floors. Independent inventors who chase a big upfront fee often walk...
