All out here too! Good luck to whoever is left!

If you want to hedge your bets with any product you want to license, make a list of those companies who already have shelf space (with similar products/lines) and target them directly by sending them a 1 page sell sheet (with at least PPA protection). I try to contact a mid-level marketing manager (easy to find thru linkedin/jigsaw) and pitch them my 1 line benefit statement (12-14 words of product’s best benefit)/sell sell sheet. I’ve found wonderful designers on elance.com who create 3D visuals of my concept for under $50. If a company is interested in what you have presented on your sell sheet, they will usually then ask to see a prototype. Then I will either print out the prototype (3D printer) and/or send a working/works-like prototype.
The advantage’s are:
*guaranteed FEEDBACK directly from those decision makers as to WHY it was/wasn’t a fit for them. (all you have to do is ask).
*new decision making contact within said company (to pitch your FUTURE ideas)
*you don’t have to wait 6 months for an answer (and no real understanding as to WHY your product wasn’t a fit). You can get all you need to know about your product idea in a matter of hours to a few weeks.
*you actually learn skills that you can replicate instead of just submitting ideas into a black hole.

Spread your bets out. Take more control of your own destiny. Learn more about the decision making process (by true decision makers.. EN is not really) …and the dreaded RED X’s are much easier to swallow. Cheers.

Hi Scott E., I was thinking the same thing about approaching other app develpment companies with my app idea since I really believe in it and Edison passed on it. I haven’t had time yet to do the research but if you could pass along any companies that seem legit to me I’d greatly appreciate it! I was thinking Edison developing apps might be them biting off a bit more then they can chew because 1- They’ve never done it before and 2- it is a very specialized industry and Edison seems to be more of a manufacturer of hard goods. But hey, for the price I couldn’t pass up the chance. At least I know it went through all the approval stages except the last to me means it is a viable idea. Good luck with your app – don’t give up!

R7 too. beginning to wonder if EN was really committed to investing in mobile apps…hindsight I probably shouldve pitched my app idea to multiple other app development companies within the 6 months it took EN to finally make a decision. oh well. shame on me for putting all of my eggs in one basket. glass is half full, right?! live and learn.

R7…fun while it lasted.
Best of luck to the hold outs.

R7 for me. Good luck to those still in.

Good luck everyone remaining, I now have nothing alive in any searches. Guess I better get back in the laboratory.

R7 here. Good luck to everybody still in!!! :-)

Looks like great company here…count me in!

Scott. G6
Greg. G6
Stephanie. G6
Michael. G6
Ginger. G6
Laura. G6
Michael H. G6

Thanks for the info, congratulations to all still in this. Here’s hoping they decide to pursue multiples once the Pandora’s box of software development has been opened.

Thanks Matt!!!

Hey Guys,
This search follows the exact same process as all of our other searches. G7 is the final consideration for commercialization just like all of the other Live Product Searches and Innovation Fund Searches. You’re goal is G8.

I pretty positive that no apps are built at G7 that is just another approval round.

Theres MLOC’s going on here. Me included. He he he…..(multiple levels of confusion). Sooooooo Edison Nation creates the app, markets and sells it?

Scott,
could you please clarify what happens for Innovation Fund ideas at G7? From what I understand there is an internal EN committee that reviews the ideas and if they want to go further with them they get a G7, if not R7. Since there is no specific sponsor with innovation funds what happens after a G7, is that when potential clients are approached with the ideas? G8 is still the ultimate level it is when a company, this time EN, invests in the idea and begins production, correct?

Thanks for letting us know.

Read the announcements from the first fund:

http://www.edisonnation.com/forums/live-product...

$25 Million Innovation Fund Searches

When we launched Edison Nation, we partnered with major retailers and manufacturers to help them fill specific product needs through our Live Product Searches. Along the way we’ve learned that many great ideas come when you aren’t looking for them at all. With the Edison Nation Innovation Fund, we are searching for, investing in and bringing to market those ideas that break the mold.

Cost to pitch your idea: $100 (just $35 for Insiders).

The pay off? If your idea is chosen, we will invest up to $250,000 development dollars into your innovation and bring it to market – just like the ideas featured in our television series, Everyday Edisons. You will have a development partner in Edison Nation for life and receive an industry-leading royalty.

Scott. G6
Greg. G6
Stephanie. G6
Michael. G6
Ginger. G6
Laura. G6

I was under the impression that the inno fund was different from the LPS, I thought EN builds the app at G7 and then they bring it to market themselves while shopping it along the way to potential clients. Hmmmmm

That doesn’t answer my question. I was under the assumption that EN has their own $$ for this search and wasn’t needing approval from an outside company.

G6 is a great accomplishment but it is only a step towards success. Next is G7 where they decide your idea is worth presenting to a sponsor. G8 is the one where they start working on your idea. it is a long haul still. I had an idea at G7 for 6 months but ultimately the sponsor chose to pass on it so it got a R8. at least at R8 you get feedback as to the reason(s) your idea didn’t make it to production.

G6 too
As this is an Inn Fund, is a G7 actually success?
When do you think they would actually start building the app?
Would it be EN’s team or would they farm the dev. out to another company?

Go Greg!!

Greg G6
Stephanie G6
Michael G6
Ginger G6
Laura G6

G6 here also

So far we have:
Stephanie G6
Michael G6
Ginger G6
Laura G6

Congratulations everyone! Mine went to G6 as well; I’m so excited! :)

Had one move from G5 to G6 and then R7 in the last few days.
Other submission moved from G5 to G6 the other day.
Definitely nice to see movement..even if its an X.

Awesome Movement … do love this stage … congratulations to you all ….This is so exciting and as I am a Big App Junkie I am looking forward to seeing your footprints on my Apple Products …

G6 today!

Just went to G6 this morning. I am so happy!! I think I may have hurt my moms hearing though with the notification call I gave her this morning after checking my dashboard. Lol. Good luck everyone!! Weeeeeeeeeee

Would be nice for some sort of update here.. :)

Quiet here since the middle of december. :-)

Anyone have any movement? it’s been a while….

Still quiet here :-)

any movement at all past g5?

Still at g5 myself. All quiet here. Weeeeee

I’ve got 2 @ G5 for a couple weeks now.. anybody seeing any movement?

:-)) Sky’s the limit in that field, even for non-appsters I bet! And it linked to a website as kind of a bi-product. hmmmm

Thanks Pen!

Cool story from Inventor’s Digest:

http://www.inventorsdigest.com/archives/7857

I am out R5

Hi, I’m out R5..

Sorry KJ & Anibal….

I’m Out, :(

I’m out at R5.. good luck to those still in. Onward and upward!

Bump….any updates on this?

1 G5 too:)

started with 4 subs: (2 R5s & 1 R4)

Congrats G5’s!!!

Congratulations on the G5s! Just received one myself!

Merry/Happy Holidays!

Should have waited a few hours to post: 1@G5 & 1@R5. My second idea had one glorious day at G4 before it turned red. At least I’ve still got one in the running.

Good holiday treat to get a G5 on this one; congratz everybody.

1@G4 & 1@G5. Glad to see some movement!