Invention City Wants To Invest In Great New Product Ideas.

Confidentiality Agreement and Submission - Frequently Asked Questions - Intro to Licensing

Invention City is seeking to invest in product ideas that are likely to generate healthy royalties. The company is open to ideas in all fields, consumer, industrial, electronic, health, beauty and more and will pay for patents, prototypes, licensing and commercialization if an idea fits its criteria. Watch the video and read below to learn more.

Invention City would like to learn about your invention idea and possibly offer you a licensing deal.

Questions? Call Dan at 320-584-2055

Here's the fine print:

• You pay $95 to make a submission.
• If we say "yes" we generally take around 25-50% of any revenue your idea generates after expenses (but each deal is unique).
• There's no obligation. You can use our "yes" as leverage for a deal with someone else (even though we'd prefer you don't).
• Please understand that we say "no" more often than "yes."
• If we say "no" you get feedback that's worth a lot.
• Have a question about the process? Call Dan Fulford at 320-584-2055 or send him an email: at dan @ inventioncity.com
• Sign our Confidentiality Agreement electronically and get started now.

Products developed, licensed and manufactured by Invention City and its partners have generated over $500 million in retail sales since 1992. We know the inventing business from every angle and our inventions are sold across every continent on the globe except Antarctica. Read more about us here. A review from Invention City may help you improve your invention, rethink it or lead to the offer of a royalty deal.

The hard fact is that most inventions fail, even the best ones. Success comes from identifying likely failures as early as possible. That is the core of our review process. We look hard at the factors that may cause a new product idea to fail. If we can't find any we then look at how it might succeed. You can benefit from out hard won experience and we just might offer you a deal that could make you tens of thousands or just maybe, even hundreds of thousands or more, as we have done with a few of Invention City's own ideas.

Other invention service companies flatter you to encourage you to spend money. In fine print they'll tell you that the odds of success are small (true) and then in phone conversations they'll lead you to believe that your invention might beat the odds. Flattery is easy. For $20,000 or more you can enjoy the flattery and maybe get a patent and a virtual prototype of your idea. But seeing your invention on a retail store shelf and actually making money on it - that's not likely at all. $20,000 isn't enough to do the job right. But it is enough for an invention service company to make a nice profit by encouraging you to pursue your idea.

Patents are another area where inexperienced inventors are exploited. You can read books and attend years of law school and still not understand the full complexities of patents. We don't claim to know everything, but we do know more than most. Our lead inventor, Joel Marks, has over 100 US utility patents issued in his name. We have been through multi-million dollar patent litigation in both Federal Court and Appeals Court and have won. We've seen many knockoffs of our products in China and Europe and have engaged in successful enforcement actions. Based on our experiences we have strong opinions about when to file a patent and what needs to be in it. There are few companies who have our level of understanding. Very few.

The risks of going forward with an invention are high. The cost for Invention City and its partners to take a relatively simple idea and turn it into a product on the shelf at Wal-Mart often runs upwards of $200,000. Most people can't afford that risk. We can because we're very careful about saying "yes." You should be careful too and get professional feedback as early as possible. We are not the final word on success or failure. But we can save you a lot of money by helping you make better decisions and guide you on moving forward.

For $95 Invention City will quickly give you a "yes" or "no", feedback that could save you thousands, and in some cases a deal offer that could make you much, much more.

Here's the process:

1. Put the Confidentiality Agreement in place and pay the $95 submission fee.
2. Receive email from Dan Fulford (VP Business Development) to set up a time to disclose your invention.
3. Have a 15-20 minute conversation with Dan and get immediate feedback on your invention (or email communication of preferred).
4. Receive a follow up email with suggested next steps. There might be an offer to license your idea. More likely we'll suggest steps further development or a recommendation that you reconsider your idea and possibly pursue something else.
5. If we offer to develop and commercialize your invention the terms of the offer generally include the following key points:
   • No further investment by the inventor.
   • Revenue sharing of profits where you receive between 25-75%.
6. Have a question about the process? Call Dan @ 320-584-2055 or send him an email: dan@inventioncity.com

Each offer is unique to the invention. It is not exclusive and you have no obligation to sign with Invention City.

We look forward to having the chance of speaking with you!

If you'd like to take the next step please sign our Confidentiality Agreement and pay the submission fee now.