Update: Innovation Direct™ requests, receives update from potential licensee of bedding product; conference call to be scheduled soon…
Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking back in an update on a situation we had most recently reported on in a November 5th entry (“Update: International Technology Transfer facilitates conference call with potential licensee of bedding product and inventor…“). Earlier Monday, the Innovation Direct™ representative that has managed a Florida-based manufacturer’s long-standing advanced level of interest in a bedding product from our roster requested and received an update from the company regarding the status of the invention with them.
As we’d explained in the posting alluded to above, an early November conference call with the inventor and the potential licensee revealed that the company felt they were very close to making a long-term decision on the product idea’s future with them, and were waiting on some market feedback on samples among other things. All parties had agreed to reconvene on the telephone a few weeks afterwards and with that time frame having passed, our colleague felt it would be prudent to request an update.
An e-mail reply from the licensee a couple of hours after the follow-up was requested informed us that they had just reopened for business after a break for the holidays, and that they planned on getting back to us with a conference call date within a few days. We are certainly looking forward to speaking with the potential licensee soon and hope that this next conversation will be defining one in terms of securing a licensing agreement. The Innovation Direct™ Blog will be the space for any and all future updates to this situation, so check in often!