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Obtaining a
license
a new Invention idea?
The purpose of
licensing
is to grant another individual,
company or corporation the right to use
your
intellectual property for a specific amount of time and for a
specific purpose. The specifics are outlined in the terms of the agreement.
A licensor may grant licensing under "intellectual
property" to do something (such as copy software or use a patented
invention) without fear of a claim of
intellectual property infringement brought by the
licensor.
A license
under
intellectual property usually has several parts
including a term, territory, renewal, as well as other limitations deemed vital
to the
licensor and
licensee.
Many licenses are valid for a particular length of time protecting the licensor
should the value of a
licensing agreement increase, or market
conditions change.
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Product Royalties
for Invention Idea's
Royalties are payments made
by one party (the "licensee")
to another (the "licensor") for ongoing usage of an asset, usually an
intellectual property (IP) right. The royalty for a given case is
determined by many factors including:
market drivers and demand structure,
territorial of rights, exclusivity of rights, inherent risk, strategic need,
fundability, deal structure, level of
innovation,
stage of development, sustainability of the
product,
and availability of similar technologies.
Navigating through the royalty terms is important. You commonly have both an
advance royalty, which is a flat fee paid upfront, and ongoing royalties, which
are paid as a percentage of every sale you make. The advance
royalty
is basically a
guarantee that the
licensor
will get some money even if your product does not sell. Then, if and when your
product
sells,
the licensor will get a percentage of the
sale on
average, about 5 percent of the wholesale price of each product sold.
The licensor usually decides what the royalties will be, and those rates are
pretty firmly set. So make sure you understand what they are and that they are
spelled out in your
licensing agreement to avoid any surprises
later. In fact, that agreement is crucial in determining not only what the
licensor receives, but also what rights you get.
Advertising Your New Invention
Advertising is a type of communication that commonly attempts to persuade potential customers to purchase more of a particular brands product or service. Many advertisements are designed to generate increased consumption of those products and services by creating and reinforcing of brand image and brand loyalty. Advertising sometimes has a persuasive message combined with factual information. Major mediums used to deliver these messages include television, radio, cinema, magazines, newspapers, video games, the Internet and billboards. Advertising is often placed by advertising agencies on behalf of a companies or other organizations.
Advertising is seen on the seats of shopping carts, on the walls of an airport walkway, on the sides of buses, in telephone messages and in-store public address systems. Advertising is often placed where audiences can easily and frequently access visual, audio and printed information. Some organizations spend large sums of money on advertising that sells what is not, strictly speaking, a product or service include political parties, interest groups, religious organizations, and military recruiters. Non-profit organizations are not typical advertising clients, and may rely on free modes of persuasion, such as public service announcements.
Selling Ownership of Your Invention
Idea
The purpose of a selling your invention or the rights to your "intellectual property" is usually for financial gain. The specifics are outlined in the terms of the agreement.
Cost to Develop a
real New Invention Product?
Manufacturers follow a complicated and costly product development process called product lifecycle management (plm). This approach encompasses the complete lifecycle from concept design through manufacturing and disposal of a product. The typical cost for product development starts at around $100,000 for simple concepts and rises dramatically for more complicated concepts.
Confidentiality Guaranteed!
Fill out our Non Disclosure Agreement and fax it to the number inside and our CEO will personally sign your Guarantee to Confidentiality.
What do I do
with my
presentation?
If you are an
inventor
interested in
having your
design reviewed
by any of our US
distributors
then simply
go to the
product
submission
center and send
your
digital
presentation
directly to
pre-selected
product
distributors.
Your designs
will be reviewed
confidentially
for licensing.
It's that easy!
Steps in detail
1. create an
account
First, start an
account by
entering your
personal
information. You
will then have
direct access to
your own
product
dashboard
where you can
start
new projects,
communicate with
project
managers
and
upload
files.
2. initial
design & payment
Once you have
created an
account simply
log in to your
dashboard,
upload your
initial
design
composition
in
jpeg,
bmp,
png,
tiff
or
gif
file
formats and
submit. You will
receive an email
within 24 hours
detailing your
price level
(1-5) and
payment options.
When you're
ready to begin
simply make your
initial payment
and the
development
clock
begins.
3. initial
composition &
next payment
You will receive
your first
design
composition
within 24 hours
of
initial payment.
When you are
satisfied with
your
initial design
you can make
your
final payment
and the
development
process
continues.
4.
revisions
You
can
revise
your
compositions
directly
on
your
3d
pdf
file
and
saving
it
directly
to
your
dashboard.
You
will
continue
to
receive
your
revised
compositions
every
24
hours
(after
revising)
until
you
have
finalized
your
design
composition
or
your
revision
allotment
runs
out
(whichever
occurs
first).
5.
finalization
Immediately
after
finalization,
the
interactive
revision
process
is
closed.
Our
developers
immediately
begin
production
of
your
complete
graphics
package
which
will
be
available
for
download
in
24
hours.
6.
your
package
You're
full
package
will
arrive
within
3-4
days
of
finalization
with
your
graphics
package
on
cd
and
your
prototype.
7.
presentation
You
can
now
begin
creating
your
exciting
Digital
Presentation.
Start
by
uploading
your
3d
graphics
to
your
presentation
via
the
dashboard.
Then
use
our
marketing
guides
to
add
marketing
details
to
capture
the
essence
of
your
design
concept.
8.
submission
Lastly,
with
one
click
send
your
digital
presentation
directly
to
product
manufacturers
worldwide
via
our
electronic
submission
process.
Give
your
design
product
the
chance
to
succeed!
Why
use the
Protomine Process?
The Protomine process was
created to offer an alternative to expensive
invention submission
companies that offer so much and produce so little. Do
the research and we know you'll see the difference.
What does it
cost to develop a product?
Manufacturers
follow a complicated and costly product development
process called
product lifecycle
management (plm). This approach encompasses
the complete lifecycle from
concept design
through
manufacturing
and disposal
of a product. The typical cost for product
development starts at around $100,000 for simple
concepts and rises dramatically for more complicated
concepts.
What are they promising
you?
Organizations such as
invention submission
companies offer costly services promising to develop
your concept for $5-$20,000 (a fraction of what it
really costs) while delivering very little in return and
producing very poor success rates.
The Reality
Paying high prices to
outside companies to "develop"
or "patent"
your product is often unnecessary if you just want to
license
your concept. Ultimately the
distributor incurs the real costs of development and in
return offers a
licensing
contract. Your job is to present an appealing product
presentation and deliver it to the right people!
The Solution - The
Protomine Process!
In a nutshell, the Protomine
process
was created to help
you create a presentation which
represents
and
markets
your design efficiently and
effectively. Our
proprietary
process contains a complete checklist
of items companies want in order to make informed
decisions on whether or not to carry your product
design. So forget about expensive
invention submission
companies and everyone else trying to take
your money and do-it-yourself.
Our
Product
Distributors
Protomine
is a
growing
company
building
exciting
contacts
with
product
manufacturers
and
distributors
worldwide.
Our
current
list
of
contains
over
500
of
the
most
influential
manufacturers
and
distributors
in
today's
economy.
We
have
established
first
point
of
contact
with
companies
in
order
to
achieve
direct
product
submission.
About
Submitting
No
"Product
Submission
Company"
has
exclusive
rights
to
the
process
of
submitting
a
product
design
to a
company.
Simply
put:
you
can
do
it
yourself
if
you
know
the
right
moves.
We've
just
made
it
easier
by
providing
the
platform
and
the
contacts
to
make
it
happen
quickly
and
effortlessly.
You
just
choose
your
3
companies,
we
pre-qualify
the
type
of
design
to
make
sure
it
fits
the
category
of
product
they
are
looking
for
and
we
send
you
product
presentation
directly
to
the
product
submission
specialists
of
the
company
you
chose
to
make
a
decision.
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