License / Sell Inventions & Patents
The companies listed below are seeking to license or buy inventions of all kinds. Some companies will only license or buy an invention if there is a patent issued or pending. Other companies (typically smaller ones) will enter into royalty agreements even if there is no patent. Click on a link to learn more about a particular company to decide where to submit invention submissions.
This is the first stage to invention submission. A company wants to know the basic attributes, the broad strokes of features and benefits of your idea:
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What market is it for?
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How developed is the invention (prototype, drawing)?
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Has a patent been filed?
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Examples of competitive products (this is very important)
Our online submission forms make it hard for you to disclose the proprietary details of your invention. Nonetheless, it is up to you to decide whether or not to disclose any information at all.
To get to an online submission form you must first read and agree to the terms of a first stage disclosure agreement. This agreement is designed to protect the company, not you. This should not be a problem since you control your own information. You will want a second stage agreement prior to disclosing the details of your invention. You can learn more about disclosure agreements by reading the following articles: The Disclosure Dilemma and Confidentiality Agreement Review.
If your submission interests a company's reviewer, then you will be contacted directly by a company representative. Submissions are not shared. You must submit to each company that is appropriate for your invention.
Companies Seeking Inventions
Note: If your invention is not developed to the prototype stage few companies (including those below) will be interested. If you have an idea you'd like to develop into a commercial product and do not have the time or skill to do so on your own we suggest you contact our sponsor, contact Davison Inventegration.
"Submit Your Invention Idea."
sponsor
Licensing is the easiest path to commercialization and profit: you get paid while someone else takes your invention, turns it into a product and manages the day to day grind of making and selling it.
When you give a company the right to make and sell your invention in return for payment, you are granting a license - you are the “licensor” the company is the “licensee”. The payment can be an ongoing percentage of sales, a “royalty”, or it can be a one-time payment, a “buyout”.
The downsides to licensing are lack of control and a smaller share of profits. The upsides are less work, less investment and less risk. If you want to maximize the potential return from your invention AND you are willing to work extraordinarily hard AND you have the ability to build and manage a business… then licensing might not be the right solution for you. For everyone else it’s a path worth serious consideration.
Many inventors harbor the fantasy that someone will pay for an undeveloped idea. While fantasies sometimes come true (someone does win the lottery), you should keep your feet planted firmly in reality. Fortune 500 corporations will only license patented (or patent pending) inventions. Smaller companies are more flexible but also have a strong preference for ideas that are developed and possess some form of intellectual property protection.
The steps to licensing an invention are as follows:
1. Identify & research target companies.
2. Approach prime targets.
3. Confidentiality agreement.
4. Prepare for negotiation.
5. Initial presentation.
6. Negotiate and Close Deal.
7. Marriage.
8. Divorce and Remarriage (be prepared).
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