Innovation Direct™ inventor’s medical accessory subject of advanced interest level from Florida-based manufacturer; exclusive developmental agreement expected to be signed soon…
Good afternoon, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking in with a Friday afternoon update. We are pleased to report that a Florida-based manufacturer that has been reviewing the detailed design information on a medical accessory from the Innovation Direct™ roster from several weeks has now indicated they would like to pursue the invention further.
The Executive Vice President of the company sent Innovation Direct™ a letter that was received yesterday indicating that the company would be interested in performing a thorough evaluation of the product idea for the purpose of determining its potential fit into their product lines. As part of this review process, the company is requesting that the inventor send her prototype for their first-hand review.
The Innovation Direct™ representative managing this situation has already spoken to the inventor this afternoon and confirmed that she will be willing to send the company her prototype once they have officially signed the exclusive developmental agreement for her product idea.
We are enthused by the interest this company has displayed and by their willingness to perform their due diligence on it for the purpose of potential licensing. We will certainly keep the readers of the Innovation Direct™ Blog posted on any developments that occur as this situation unfolds.
Check back frequently!