Update: Innovation Direct™ inventor’s medical accessory not going further with New Jersey-based manufacturer…
Good morning, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking in with an update on a situation we had just reported on in a May 1st entry (“Innovation Direct™ inventor’s medical accessory receiving preliminary interest from New Jersey-based company…“). In an e-mail received late Friday afternoon, our contact at the manufacturer informed Innovation Direct™ that after reviewing the preliminary, non-confidential information on the invention again, they have opted not to sign the non-disclosure agreement we had sent them.
As the gentleman went on to explain in his correspondence, they determined that the invention is a relatively minor piece of equipment and not suited to their type of industrial manufacturing. The inventor has already been informed of this response via e-mail, and Innovation Direct™ will continue in its efforts to achieve licensing success with this product idea.
Join us later today for more news!