Update: Innovation Direct™ receives feedback from inventor of baby product regarding detailed drawings being prepared…
Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking with another update on a busy Monday. In a November 19th entry (“Update: Innovation Direct™ attempts follow-up with Las Vegas-based Innovation Direct To Industry™ company regarding 9 inventions under review…“), we had reported on our efforts in obtaining an update from the inventor of a baby accessory from the Innovation Direct™ roster regarding detailed drawings of her concept that she was having a personal contact prepare. The drawings had been requested by a company that had signed an exclusive developmental agreement for the product idea, a development that we had reported on in a November 3rd posting (“Update: Innovation Direct™ successfully negotiates exclusive developmental licensing agreement for baby accessory with New Jersey-based company…“).
As per the communication received from the inventor, she expects the drawings to be completed this week. Once we have the materials in hand, we will be forwarding them to our West Coast-based industry partner, through which the agreement was negotiated. The company will then use the visuals to attempt to obtain production cost estimates as part of their due diligence on the invention during the developmental period.
Join us often on the Innovation Direct™ Blog for any and all updates to this evolving situation!