Innovation Direct™ receives 4 figure acquisition fee check from manufacturer for previously licensed trucking accessory…

Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking in with our first report of the week. Earlier Monday, Innovation Direct™ received a four figure acquisition fee check from the licensee of a trucking accessory that was the subject of a January 2008 licensing agreement Innovation Direct™ secured. As per the terms that Innovation Direct™ helped negotiate on the inventor’s behalf, he was to receive the non-refundable fee from the manufacturer.

The funds will be sent to the inventor immediately, and although the product itself is not yet completely prepared for commercialization, we certainly hope that the money received is just the beginning of a very successful run for this invention. As we receive updates from the licensee over the coming weeks and months we will certainly pass them along, here on the Innovation Direct™ Blog. Stay tuned!

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