Welcome to the forums!

Our encouraging community is a dedicated resource for innovators everywhere.

Learn about industry trends, common questions,
and stay informed of the latest happenings at Edison Nation.

Categories » Other » Topic

Inventors Magazine Provides Other Search Companies

zabber's Avatar

Has anyone used the new inventor sites published in the inventors magazine this month?: www.growthink.com, www.venable.com, www.nyinventionscore.com?

I came across another site called www.geniuscrowds.com and just landed my first contract. They conduct searches monthly and license them to their very large network of retailers. Kind of like EN but with open source concept. They picked 6 winners for Kitchen and this month it’s for Baby/Toddlers. I am looking for more open source sites if anyone would like to share?? Of course EN is the bomb, but if we bomb out and they give us the RED X, I think it’s only fair to share your ideas elsewhere!
posted    Report this topic
Reply
garyl's Avatar

I think that’s a great idea Andrea. Maybe I’ll see you at one of them. Wink!

posted    Report this post
zabber's Avatar

Hey Gary, yes, maybe so! I think open innovation is so popular now that even EN’s magazine talked a lot about that in this months magazine, just trying to help out other inventors!

posted    Report this post
mger80's Avatarg8_badge

Andrea,

Congrats! Who did you land your contract with? Can you provide any details?

posted    Report this post
zabber's Avatar

I landed it with www.GeniusCrowds.com and they build the prototypes for all products! No cost to the inventor AT ALL! They also consult with their retailer experts and manufacturer and R&D to make sure that the concept/idea is viable, then once the prototype/s are done they take it to the interested retailers across the world to gain royalties. Sometimes they have a retailer that comes to them (they just had a retailer come to them for dorm/college life) and they picked 2 to go to shelf. It’s very much like EN, however, they work with about 20 retailers all the time to find products. It is open source Margaret, so you have to disclose your product idea. It’s not for everyone, keep this in mind. They work like your agent but consult with the retail experts prior to picking them as well so you know you have a solid chance at going to shelf. Also, if they can’t get the product to the shelf for whatever reason after all of this you get your IP back at 36 months. They pay some royalties up front and then again once it hits the first order.

posted    Report this post
mger80's Avatarg8_badge

I just spent about 20 minutes trying to find out who runs the site with no luck. Also found that they’re pretty new, only been around since 2010. Glad to know there is no fee. PersonalIy, at this point I wouldn’t submit my best ideas over there, but may submit some things that have red x’d multiple times here that I don’t intend to bring to market myself. Keep us posted on your progress. I’d love to hear how it progresses.

posted    Report this post
zabber's Avatar

I will and if you look at the post called “how it works” it goes into detail on the panel. You can also Google the panel members (partners and investors), all of them are tv executives AND retail experts with many many retailers who come to them for products like EN. Yes, they are new and I would never publish anything that I don’t have protected that I don’t want to be taken. I have published a few not protected but if they get taken, so be it, they are not my best one’s either! :) I would say, everyone has to choose how they want to get their products looked at and to market. I had exhausted the idea that got picked (my twist it utensils with hidden meat markers for the grill and in the kitchen cooking) so I thought why not, the patent pending was coming up and I needed to make a decision to go for it on the non-prov. so I posted and won!

posted    Report this post
eduardo's Avatar

Thank you Andrea for the kind info.

posted    Report this post
turnrhouse's Avatar

@ Andrea – I have been looking into these sites also. Voted for ya on Quirky last week. Good Luck

posted    Report this post
zabber's Avatar

Thank you Tammy, do you mean for this week to be announced on HSN next Saturday?

posted    Report this post
turnrhouse's Avatar

No, I believe it was last week. Earpiece holder – but I have worked 10 days straight and my days are starting to run together.

posted    Report this post
zabber's Avatar

OH thanks, it didn’t make it! :(

posted    Report this post
turnrhouse's Avatar

Oh man, sorry about that- I liked it. Do you have one for this week? – If I don’t vote for you I just won’t say…LOL

posted    Report this post
zabber's Avatar

Right, don’t tell me, no hard feelings! :)

posted    Report this post
kdpacello's Avatar

Thank you for sharing! This is awesome. I haven’t looked that far into them. Do you need a patent before proceeding? I assume these are sites we have to pay for? really cool. I need to take the time to look into them more.

posted    Report this post
zabber's Avatar

Katie, it’s completely FREE and no cost to you as the idea person! If they take your product to market, they pay for everything…you can win gift cards, etc as well, but that shouldn’t be your incentive. Check them out, have you had any experience with any other sites Katie? I am looking for more input.

posted    Report this post
rmramos's Avatargold

Venable I’ve heard of before as far as patent attorneys. They’ve been around for over a hundred years and have an excellent reputation. They represented the guy who invented the Thighmaster. Remember Suzanne Sommers fronting the infomercials? Veneble is the patent attorney office I’m planning to use for my more elaborate invention of an abdominal workout device. They also stopped an immitator from bringing knockoff imitations of the Thighmaster from China to the U.S.

If you’re interested in reading about the inventor, he wrote a book about 15 years ago titled, “This Business Has Legs”. It’s on his experiences of the DR tv industry and the invention process.

posted    Report this post
rmramos's Avatargold

PS- thank you, Andrea for your information and links.

posted    Report this post
chaser323's Avatar

Hey Zabber! (Andrea Z.) I slipped over to www.GeniusCrowds.com and joined put my game idea over there. might as well take advantage of the search. I checked your idea out while I was there, loved the tree.

posted    Report this post
bobk's Avatar

I think there’s a broken link or typo in the OP.

One of them should be www.myinventionscore.com

posted    Report this post
perrytheinventor's Avatar

Good? Who knows. Might ruin all your intellectual property.

Publicly disclosing an invention starts an IP clock ticking. If you don’t file for patents before the time expires you LOSE ALL RIGHTS. Currently you have 1 year from date of disclosure. To get any rights back from the company you would have to first have filed a patents.

posted    Report this post
perrytheinventor's Avatar

Hey PapaJim,

Edison Nation is working to help inventors. I sometimes write Articles for Inventors’ Digest and from what I have seen their heart is in the right place.

EN has a tough job. While some people are serious about inventing many people don’t understand how inventing works. There is more to the process than simply having an idea. A lot of work goes into creating a winning product. People, especially inventors, often forget that.

I think “open innovation” is simply two words. We were selling inventions to companies years ago. From my point of view not much has changed. You still need to take a good idea, bring it to life and sell everyone on paying you for it.

More power to ya…

posted    Report this post
scooternauman's Avatar

Perry, wouldn’t you agree “open innovation” is becoming more widely accepted by companies and manufacturers these days?

posted    Report this post
kdpacello's Avatar

I Andrea. No, I have only had experience with a product agent, that cost $$$ and wanted to take 80% of my first 100k of my 5% licensing fee and then 40% after that. I have also pitched to a well known children brand who really liked a few of my ideas, but I would be on the back burner until they got their other stuff figured out. It was nice of the owner to tell me, that my idea was the best she had seen in years and she gets stuff all of the time. I had them all sign NDA’s. She offered me a contract with me being on the back burner. I decided to go online and see if I could find a different co that worked a tad bit faster. She offered me 5% which is the industry standard, as what she said….. So EN is my first online experience. I was hesitant at first because i do not have patents, but, after surfing the site, I found that it was my best bet. I have yet to look into other sites. I am just wary, as I pitched several tv shows a while ago. I was part of a network similar to this. Anyway, the site just closed down and I saw two of my ideas on TV about a year later. Coincidence….maybe, but it ticked me off. With TV there really is no protection. I now register with the writers guild, but all they need to do is change a thing or two and its a new show….even though the concept is yours.. So, that said, I am “gun shy” of a lot of sites….. Let me know how it goes. :) congrats on the win! I read it on the site! WTG

posted    Report this post
rogerbrown's Avatargold

Katie, wlecome to the site. Sounds like you have had a lot of fun learning the ropes. This is my suggestion to all Inventors. Before spending money with any invention submission company I suggest that you do your research to find out if you need their services or if what they provide you could do yourself with less money invested. Ask the company to provide you with a listing of their successes. Ask “How many Inventors have made more money in royalties than paid them for their services?” You need to be familiar with your rights under the Inventor’s Protection Act of 1999 http://www.uspto.gov/web/offices/com/speeches/s... Knowing your rights will give you a better feel if they company you contact is being upfront with you or avoiding answering your questions. Remember, it is your money your investing, get the most for your investment.
Whether a company is accredited or not it is always a good thing to look companies up online and do searches with the terms complaints, lawsuits, judgments against, inventor complaints, along with the companies name to see what shows up.

http://www.rogerbrown.net

posted    Report this post

First time here? Sign up for a free account or log in