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What occurs while you sit at G7?
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Dave Vaccaro
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What processes does your idea go through once it is in the hands of the company? What type of testing/evaluating takes place?
posted February 02, 2012 11:30 (
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Dave Vaccaro
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Thanks Amy…..to you as well!!

posted February 05, 2012 17:57 (
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Penster .
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Amy: 6 Months is the base but EN does not “over pressure” as there are at times variables with the sponsor and timing. Better to take more time than walk away. Sometimes EN contact you for additional info, prototype etc. Not always though.

Patience is one of the biggest challenges. Also, better to be G7 than R8…..hang in there.

posted February 05, 2012 12:53 (
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Amy Donahue
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I have been wondering what happens during G7 as well. I have read of people at this stage getting emails or calls from EN and wonder if since I haven’t gotten a call and it’s getting close to 60 days after the presentation – is that a good sign or a bad sign? Or maybe it’s neither good, nor bad! I realize there is also a 6 month window at play, so I suppose I could be waiting for a while longer!

Great posts and Dave, best of luck!

posted February 05, 2012 11:48 (
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Dave Vaccaro
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Great responses Greg and Frank….I do feel much better. The wait is not an issue at all. The insecurities were however and you’ve seemed to have soothed them. This is indeed a great community!

posted February 04, 2012 18:25 (
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Frank White
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It’s cool Greg <;-)

posted February 04, 2012 18:05 (
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Greg M
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Dave,

Great points and all legit concerns…..From my understanding, it goes something like this.
G7s are formally presented to the search sponsor by EN staff…..
The sponsors then must decide how they wish to proceed with any of the concepts/products…..Many variables come into play at this point…you are only one step away from shelves ….but before the G8 celebrations can begin, the manufacturer must do some DD….cost to manufacture needs to go from estimated to hard numbers, packaging, shipping, possibly even some market testing so they can determine the price point – what will the target customer fork over for the product? and will that leave enough profit to make the whole thing worth their time and resources invested? I am sure those in this industry could add dozens of additional reports, stats, etc. that must be quantified during this period…..but I think the point is that the sponsor is basically crunching numbers and huddling up to determine if they are willing to go all in….this process could take days/weeks/months …………Also, I think I have seen posts that reference EN’s legal prowess when it comes to making sure their interests (and by association yours) are protected. I am pretty sure you could say they do indeed “have your back.” As far as correspondence, I think it depends…..some sponsors are extremely communicative in the DD phase of G7/8 and from what I gather, others simply say—- “We’ll be in touch”…….As far as calling your invention unprotected…..you may be surprised…I am not an attorney, but….one of the reasone for all of the questions during the submission process, is to establish a date for when you came up with the invention….I believe we are still officially in a “first to invent vs. a first to file” system……you may be more protected than you know.. There are others here more experienced in these subjects but thought I would offer a quick summary version as I understand things. Please keep us posted on your G7 and hope you go all the way!
****oops—-double post with Frank****

posted February 04, 2012 17:59 (
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Frank White
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Hi there Dave,

I realize you’re excited and champing at the bit on all this, but part of EN’s understanding with search sponsors is that

submitted ideas are to be held in confidence; legally documented via an official Non Disclosure Agreement.

The evaluation processes used for selected suggestions are as varied as the companies who participate in an LPS

neither us (nor EN to a large extent) are privy to the matters discussed and taken into consideration in the board rooms
when deciding on what submissions to/not to advance; this can take a very short time, or an extrememly l – o – n – g time.
In the event you get an R8, the company will however pass along their reasoning in rejecting the submission.

If you indicated the game changing qualities of your idea on the submission forms, rest assured EN related

such to the sponsor, and have our backs throughout the process. The best thing you can do at this point, is
get yourself preoccupied in something else and just wait it out… nothing can be said or done now to change what the
company will decide or how they will decide it. No sense giving ourselves grey hairs when we don’t have to, right? <:-)

Luke 21:19 – “In your patience possess ye your souls”

posted February 04, 2012 17:57 (
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Dave Vaccaro
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This is what I mean: What are they doing when they are sitting on it?

Are they making their own prototype for testing?

Are they evaluating the validity of the idea?

Market potential?

etc…

The big question is: Does EN have correspondence while all of this is taking place? Do they have our backs if all of a sudden a company says, “Wait a second, if we make a tweak or two here and there we can make our own product that solves the same problem.”

My concern is that my idea is not patented (that is unfamiliar territory for me). I do not have that kind of money either. However, when I submitted this idea I knew that it can be a game changer. It’s easy to say it now but I had no doubt that it was going to G7.
I want Rawlings to see that it is a game changer as well and not play games because it is unprotected.

I am by no means being impatient, it’s only been a week. I am a bit worried however due to the above mentioned.

Please chime in:))

posted February 04, 2012 17:20 (
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Don McCammon

G7 is to the advantang of the marketer. They sit on it and decidie what they want to do. I sugest they pay a fee to keep on G7

posted February 04, 2012 14:23 (
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Yolanda Jackson
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Still @ G7 for ASOTV. was wondering the same Question?

posted February 03, 2012 18:57 (
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david quirk
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@Dave
Thanks!
I am still G7 on the Shat-R-Shield Search.:)

posted February 03, 2012 04:53 (
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Richard Yost
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That’s funny Kelce, I’ve never heard of anyone getting an R1, those must be so bad that they wouldn’t even take your money. (:>})

posted February 02, 2012 23:58 (
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Kelce Wilson

Well, I’ve been sitting on a bunch of R1’s for a while. I wonder what’s happening to them.

posted February 02, 2012 19:41 (
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Dave Vaccaro
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Nice Job DQ!! What search? Best of luck!

posted February 02, 2012 17:58 (
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david quirk
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This is my first time at G7 waiting too. :)

posted February 02, 2012 14:06 (
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Greg M
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Jim is dead on…..ditto that.

posted February 02, 2012 13:09 (
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Dave Vaccaro
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Cool….thanks for the info. Jim!!

posted February 02, 2012 11:55 (
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Jim Hacsi
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It’s definitely a courtesy and practice that Scott Dromms has made common recently, but I’m sure Scott has a full plate with everything going on behind the scenes at EN right now. In the past year or so, EN has considerably changed for the better and it’s mostly due to the energy, expertise, and integrity of Scott Dromms.

posted February 02, 2012 11:52 (
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Dave Vaccaro
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Is it common practice for EN to give a brief summary of how the presentation went?

posted February 02, 2012 11:41 (
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Jim Hacsi
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Dave, you may receive a phone call or an e-mail message to gain more information about your invention, or they may just let you know the level of interest and what due diligence is being done by both EN and the client. In the Rawlings’ product search, no recap was given as to what happened during the presentation, so there’s no way to know what will happen for certain as you wait at G7. But it’s better to wait at G7, then to know something for sure with an R8!

posted February 02, 2012 11:35 (
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