Picking the right product to license. Along with your coach, you will determine whether or not you should pursue any product idea you’re considering commercializing. This can save you a considerable amount of time and money. This will also increase your chance of licensing success.

With your coach you will learn “when” and “how” to protect your product ideas with the tools that are provided at the USPTO. It’s extremely important to do this correctly given the cost and expense associated with protecting your intellectual property. Along with your coach you will learn what’s necessary to file a provisional patent application that truly has value. Filing a PPA correctly will protect you and save you money at the same time.

With your coach you will learn to create the right marketing material for the potential licensee to understand the “benefits” of your product idea quickly and concisely.

Your coach will help you determine the best way to bring your product idea to life.

Along with your coach you will identify the right potential partners to license your product idea to.

inventRight has specialized training designed to help you pitch your product idea the right way. By combining an online course with group meetings that include profile critiques, connection building exercises, and script reviews – our Smart Pitch program helps members grow an online professional presence as a product developer while staying current, active, and accountable in pitching product ideas to open innovation companies.

You will learn how to leverage a licensing deal using a provisional patent application (PPA). We’ll give you the tools to file one without the need for an attorney. If you already have a patent, fantastic — we’ll show you how to negotiate with it. If you are currently selling your product independently, we will show you how to convert that interest from the marketplace into interest from a large company. You will also learn ways to improve your public relations skills so you can help your licensee sell more product by getting national exposure for your invention.

When you receive your licensing agreement your coach will hand you off to our chief negotiator to work behind the scenes to make sure you’re receiving the highest possible royalty rate with minimum guarantees. During this process you will learn all the basics of licensing agreements.

Your personal coach will help you learn these skills during your six-month inventRight program. They will be there every step along the way to make sure you’re making good decisions. Not only will you learn the process of product licensing, you’ll be held accountable and supported in taking the right actions to commercialize your creativity.

You will utilize the skills you learn over and over again when determining which product ideas to license and negotiating licensing agreements with potential licensees.