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InventRight - Reviews/Experiences?

rupido's Avatar

Hi All, 

I wondered whether anyone had any experience of Invent Right (Stephen Keys) - either good or bad? I'd like legit reviews please. 

I have a design but I'm a total newbie at this - my concerns are how do I ensure IP protection (I'm in Australia and I assume any NDA will be governed by US law?) and they say things like: don't develop the product until you have interest from a company and don't take a prototype to trade shows. I thought I'd have to produce something to show a company before they'll even consider. 

Many thanks to anyone who takes the time to reply!

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jimsage's Avatargold

I have great respect for Steven, his story, his success and his efforts to educate inventors with free video advice. I probably have seen all of his and Andrew's videos and the advice is solid. I set up an appointment with a coach once and she was helpful to a point, they ask for a fee before the do coaching. My impression is that you really are doing all the legwork, calling at least 30 companies, creating a sell sheet, follow ups, provisional patenting. What I believe you get from them is advice on all of the above and advice if you get down to striking a deal and negotiating for the best deal.

If you can afford the fee and you are looking for the kind of support I described then I believe you can trust them to keep your idea private and they seem to have students get deals about every week.

The reason I choose EN for most of my inventions is I like designing products more than the legwork of contacting 30 companies and all of the follow ups.

Good luck with whatever path you choose.

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smallprojects's Avatargold

I agree with Jim on Invent Right being a solid place to work with. Stephen and Andrew's YouTube videos are great, they really are a goldmine of valuable advice for persons wanting to understand inventing and licensing more. I am not sure what their consultation/coaching fees are but even if they were on the expensive side, it would be worth it if it helped produce the right deal for a great new product. I have been recieving emails from them for years, lately they have been announcing a TON of new licensing deals. One, sometimes two, new deals a week, it's truely amazing what they are accomplishing for essentially being a pretty small company. 

I would really like to hear about new developments and licensing deals here at Edison Nation. There has really not been many announcements of licensing deals for quite some time, the last several years from researching the forums I have only found a few new licensing deals completed. 

Rupido
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rupido's Avatar

Thanks guys! It sounds like not many people have used InventRight but those that have/know of them appear to be positive about them. 

So to expand: my idea was to basically produce a prototype and then approach a company (or the top 3) in the area. They appear to say you should approach the company first before doing anything like developing a prototype. But Stephen says he produced a rough prototype of his best selling 'invention' the Wall Ball before approaching someone for licensing. 

I'd love to hear from more people on here about the licensing paths they've taken and what has worked and what hasn't!

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eluckey's Avatargold

I was a student of InventRight and it was an amazing experience they really helped me to understand licensing. The coaches are very educated in this field.

I chose to go this route I just didn't have the time to do the calls and follow ups with companies, while I actually did make calls and got through to some companies my schedule just got to busy.

Good luck.......

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jefferd's Avatar

I was a student.  Its a Great program.  You will learn a wealth of knowledge and the coaches are great.  Having a coach keeps you accountable and moving forward.  They will teach you how to do everything yourself.  It still requires a lot of work on your part and patience waiting to hear back from companies, but its nice to know you are dealing direct and there is no middle man, so you know exactly what companies think about your idea.  This also helps you to build relationships with companies looking for ideas.  The program is more about teaching you the process so you can continue to do it on your own.  If you are willing to fully commit to licensing and you have the time and money, then I would recommend it.

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dre4mer's Avatargold

Hello All, I too am curious about InventRight program and was thinking (many times) if I should try and enroll in it. From what I understand, you can show your invention to potential companies with only a Provisional patent. And with it, InventRight can show you or advise you on how to write one or have it done inexpensively. Provisional patent is only good for 1 year. Understanding that some companies may drag their feet, the next thing you know the 1 year is up. For Eddie and Jeff who took the program, if your provisional patent went past the 1 year deadline, did you apply for the regular patent? This is what I'm afraid of - going past the 1 year deadline and then have to spend more money on filing regular patent. I don't have the finances to apply for a regular patent which is why I go on by way of EN.

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jefferd's Avatar

Hi Jude,

No.  I did not apply for a patent.  I do not have the money either.  I just filled another provisional patent application.  Most companies do not ask to see your PPA unless they are very interested or getting close to send you a licensing agreement.  InventRight teaches its all about perceived ownership.  So you can always tell the company you are continuing to file addition IP(Intellectual Property) on the idea.  A lot of the time an idea can change or you come up with additional benefits as you are in the process of trying to license it anyway.  Yes, your right most ideas take longer than 1 year to get licensed.

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