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4 Questions to Help You Evaluate Your Big Idea

4 Questions to Help You Evaluate Your Big Idea
Don’t Rely on any Evaluation Other than A Potential Licensee I want to talk about how to evaluate your product idea. I get this question all the time. People want to know: “Hey, do I have a good idea?” It’s something that I’ve spent a lot of time thinking about. Just the other day a bunch of really smart people showed me all the different ways to e...
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Licensing your idea to a fortune 500 company

Licensing your idea to a fortune 500 company
Licensing your idea to a large company is possible - but you must be prepared. When I first started coming up with new product ideas, I was able to license several to small and midsize companies in the toy and novelty industries.  But then I hit upon a “big” idea. I licensed my label innovation, called Spinformation ( http://www.spinlabels.com...
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How to Patent an Idea

How to Patent an Idea
Patenting an idea is not difficult. All you is need is a good patent attorney and a wallet full of cash. The real challenge is patenting an idea that is profitable. According to the United States Patent and Trademark Office, more than 8.5 million patents have been issued. That is a lot of invention ideas! But very few of them ever make any money. I...
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The 32 Most Common Problems Inventors Face

The 32 Most Common Problems Inventors Face
Are you experiencing any of the problems listed below? Is my idea different enough? Do I need a patent on my idea? Is my PPA good enough? Will a company steal my idea? Do I need a prototype? I don’t have the technical background, what should I do? Do I need a website? Do I need to start a business such as an LLC? Should companies sign my NDA? Is it...
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Do You Really Need A Patent?

Do You Really Need A Patent?
Everyone wants to know, do they need a patent? Most inventors are extremely fearful their ideas are going to be stolen from them. The question really isn’t that simple, though. What you need to do is think critically and develop a business strategy. What are you really after? How are you going to get there? When it comes to intellectual property, i...
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Is Your Product Right for Shark Tank?

Is Your Product Right for Shark Tank?
Since ABC’s Shark Tank premiered on August 9th 2009, it has become incredibly popular. Nearly 8 million people tune in to the reality show each week to watch entrepreneurs pitch their product businesses to a panel of potential investors, otherwise known as the sharks. Shows with the same premise, like Canada’s Dragons’ Den , exist in dozens of othe...
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What is Licensing

What is Licensing
Licensing Your Idea / Invention How do I know if it is right for me?  How To License Your Idea, Invention or Product Is the licensing model right for you?  If you have additional questions, please click here to set up a phone call with a member of our team.   What is licensing? There are different kinds of licenses. Essentially, and ...
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About Us

inventRight is a one-on-one coaching program founded by Stephen Key and Andrew Krauss. inventRight’s aim is to empower inventors with the knowledge, guidance, and help they need to license their ideas.

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