Invention Evaluations

Choose the Invention Evaluation Plan that fits your goals and budget. Ask about custom plans.

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Invention Evaluations

Inventors such as yourself who are looking to protect and profit from your invention or new product idea each have your unique needs and budgets. That is why we offer several invention evaluation plans for you to choose from that are tailored to the special needs of individual inventors.

The Basic Invention Evaluation is designed for independent inventors a minimal budget who are willing to accept a higher risk that unknown factors will be encountered later. Only the most critical items are analyzed to get an idea of whether the invention is viable. It is the most risky plan that also requires a higher Invention Rating to qualify for our Invention Commercialization and Profitability ProgramTM (ICP) Program due to the higher risk.

The Advanced Invention Evaluation and the Professional Invention Evaluation each progressively evaluate more items that should be taken into account when deciding whether an invention is viable. Since the risk of unknowns is reduced when additional items are analyzed, the Invention Rating needed to qualify for our ICP Program is progressively lower with these two plans.

To decide which Invention Evaluation Plan is best for you, simply read the descriptions below to find the one that fits your inventor goals and budget. You can do a detailed package comparison using the Invention Evaluation Plan Comparison Chart located below the descriptions.

If your invention evaluation has the required Invention Rating and you already have "patent pending" for your invention, you can utilize our Crowdfunding Program to raise money for your invention project, including paying for our services. You can also list your invention in our Inventions for Sale, License, or Investment Program.

If your invention is accepted into our program but you do not have "patent pending", we can help you file a provisional patent application or a utility patent application to lock-in "patent pending". If your invention does not accepted into our program, don't dispair. We offer an assortment of products and services to assist you as well, including Inventor Mentoring Program and Inventor Membership Program that includes several membership levels.

Invention Evaluation Plans

1. Basic Invention Evaluation

Designed for independent inventors on a minimal budget who want a professional evaluation of their invention done to see whether it is likely viable before spending considerable time and money chasing an idea that does not have merit. These inventors are willing to accept a higher risk of items not analyzed in this plan causing problems down the road, but want a low-cost way qualify for our ICP Program and take advantage of crowdfunding to raise money for their invention project, including paying for our services.

The Basic Invention Evaluation analyzes only the most critical items necessary to see whether your idea has merit and is worth pursuing further, including: 1) technical feasibility; 2) complexity; 3) target markets; 4) distribution channels; 5) product development; 6) inventor analysis; 7) invention goal; and 8) patent strategy to come up with an Invention Rating that determines whether your invention qualifies for our ICP Program. Requires an Invention Rating of 8.5 or higher to enter the program.

2. Advanced Invention Evaluation

Designed for the majority of independent inventors who want a professional evaluation of their invention done that includes analyzing additional items to reduce risk and provide a more in-depth evaluation of their invention.

Includes rough estimates of the cost to manufacture products based on your invention, shipping, marketing channel margins, and the retail price for your products. Comparison of your retail price to that of competitive products. Determination of what retail price your products should have based on feature comparison with competitive products.

Also includes an assessment of existing competitive products, the advantages/disadvantages products based on your invention will likely have over those existing products, whether your products will be competitive in consumers' minds with those existing products, and what resources are necessary to effectively compete those existing products. An assessment of what resources might be available to you in your particular situation to help you achieve your invention goal such as loans, equity financing, crowdfunding, facilities, engineering and marketing professionals, and the like.

To summarize, the Advanced Invention Evaluation includes all of the items of the Basic Invention Evaluation plus: 1) product cost structure; 2) market acceptance; and 3) resources. Requires an Invention Rating of 7.5 or higher to enter our ICP Program.

3. Professional Invention Evaluation

Designed for independent inventors and small to medium sized businesses that require an in-depth analysis of topics including barriers to entry and other obstacles need to be overcome in the marketplace in order to achieve the invention goal such as product cost structure, distribution channels, competitive advertising, product sourcing, competitive alliances, market saturation, and the like.

Also includes analysis of the best production processes for products based on the invention including rough estimates of the cost of tooling to manufacture your products using those processes.

Additionally includes setting important goals necessary for the inventor to achieve his/her invention goal of selling, licensing, or manufacturing and selling products based on the invention. The milestones, along with an estimate of the available resources can be used to make a timeline for the project of how long the inventor will likely need to achieve his/her inventor goal.

Finally, includes an assessment of products based on your invention as compared to market maturity to determine the likely life cycle for your products. Market maturity also affects how many competitors are in the marketplace and how difficult it will be to educate consumers about your products or convince them to switch from competitive products to your products. Includes a look at future market trends.

To summarize, the Professional Invention Evaluation includes all of the items of the Basic and Advanced Invention Evaluations plus: 1) market penetration; 2) product life cycle; 3) tooling; and 4) milestones. Requires an Invention Rating of 6.5 or higher to enter our ICP Program.

Invention Evaluation Plan Comparison Chart

I. Product Analysis Basic Advanced Professional
1. Technical Feasibility

Whether your invention is technically sound such that it could serve as the basis for a commercial product. An invention that defies the laws of physics such as a perpetual motion machine is an example of an invention that is not technically feasible.

2. Complexity

Whether your invention is of a relatively simple nature utilizing commonly used technology such that products utilizing the invention can be developed in a relatively straight-forward way using minimal resources, or conversely, of a relatively complex nature utilizing technology that is new, requiring further development, such that products utilizing the invention will require significant development using extensive resources.

3. Design Alternatives

Suggested alternative designs for products based on your invention, if any, that might make your products more acceptable in the marketplace and/or provide you with other competitive advantages.

4. Product Cost Structure

Rough estimates of the cost to manufacture products based on your invention, shipping, marketing channel margins, and the retail price for your products. Comparison of your retail price to that of competitive products. Determination of what retail price your products should have based on feature comparison with competitive products.

II. Market Analysis Basic Advanced Professional
5. Target Markets

An assessment of which markets and consumers should be targeted for the invention.

6. Distribution Channels

Analysis of the distribution channels that will be utilized to bring products based on your invention to market.

7. Market Acceptance

An assessment of existing competitive products, the advantages/disadvantages products based on your invention will likely have over those existing products, whether your products will be competitive in consumers' minds with those existing products, and what resources are necessary to effectively compete those existing products.

8. Market Penetration

An assessment of barriers to entry and other obstacles need to be overcome in the marketplace in order to achieve your invention goal, including product cost structure, distribution channels, competitive advertising, product sourcing, competitive alliances, market saturation, and the like. These obstacles may or may not be able to be overcome with your desired invention goal and may lead us to suggest a different invention goal to you.

9. Product Life Cycle

An assessment of products based on your invention as compared to market maturity to determine the likely life cycle for your products. Market maturity also affects how many competitors are in the marketplace and how difficult it will be to educate consumers about your products or convince them to switch from competitive products to your products. Includes a look at future market trends.

III. Resources Analysis Basic Advanced Professional
10. Product Development

An assessment of where the invention currently stands in the development process and what it will take from a resources standpoint to achieve the invention goal of selling, licensing, or manufacturing and selling products based on the invention.

11. Inventor Analysis

Whether the inventor has the skills necessary to achieve his/her invention goal of selling, licensing, or manufacturing and selling products based on the invention, and what resources are necessary to augment those skills to be successful.

12. Resources

An assessment of what resources might be available to you in your particular situation to help you achieve your invention goal such as loans, equity financing, crowdfunding, facilities, engineering and marketing professionals, and the like.

13. Tooling

Analysis of the best production processes for products based on your invention. Rough estimates of the cost of tooling to manufacture your products using those processes.

IV. Strategy Basic Advanced Professional
14. Invention Goal

An assessment of whether you should pursue selling your invention, patent then license your patent rights to one or more companies, or manufacture products based on your invention in light of technical feasibility, complexity, inventor analysis, patent strategy, product development, target market, and market acceptance. This suggested invention goal may differ from the invention goal that you prefer to pursue.

15. Patent Strategy

The current patent state of the invention and whether a design patent or a utility patent should be pursued, including whether a provisional patent application should be part of the strategy.

16. Milestones

Important goals necessary for the inventor to achieve his/her invention goal of selling, licensing, or manufacturing and selling products based on the invention. The milestones, along with an estimate of the available resources can be used to make a timeline for the project of how long the inventor will likely need to achieve his/her inventor goal.

V. Invention Rating and Program Qualification Basic Advanced Professional
17. Invention Rating

A numerical score from 1 (worst) to 10 (best) based on the items in the Invention Evaluation Plan you chose to participate in that indicates our assessment of the general likelihood of you being successful in achieving our suggested invention goal in item 13.

If the invention goal you prefer to pursue differs from our suggested invention goal, then a second numerical score is provided that indicates our assessment of the general likelihood of you being successful in achieving your preferred invention goal.

18. Program Qualification

In invention rating you need to enter our Invention Commercialization and Profitability Program TM depends on which Invention Evaluation Plan you chose to participate in, and whether you intend to pursue our suggested invention goal or your preferred invention goal, if they differ. Whichever invention goal you intend to pursue is used for the program qualification.

The Basic Invention Evaluation requires an Invention Rating of 8.5 or higher to qualify for our Invention Commercialization and Profitability Program TM, while the Advanced Invention Evaluation requires an Invention Rating of 7.5 or higher to qualify, and the Professional Invention Evaluation requires an Invention Rating of 6.5 or higher to qualify.

The reason for the differences in the Invention Ratings needed to qualify for our Invention Commercialization and Profitability Program TM is because the more in-depth the analysis done up-front on your invention in the more inclusive plans, the less risk there is of your invention project encountering unforseen problems later in the process of commercializing your invention.

Price Basic Advanced Professional
Price $279.95 $479.95 $779.95
 

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