Update: Innovation Direct™ successfully negotiates exclusive developmental licensing agreement for baby accessory with New Jersey-based company…

Good afternoon, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking in with a very positive report to begin our week. Updating a situation we had initially reported on in an October 29th entry (“Innovation Direct™ inventor’s baby product idea subject of advanced level of interest from New Jersey-based manufacturer…“), Innovation Direct™ has received a signed copy of an exclusive developmental licensing agreement for the baby accessory that was the subject of that posting. The New Jersey-based manufacturer that we had been introduced to via our industry partner decided to execute the agreement we’d sent them after deciding that their interest in the invention was sufficient to warrant doing so.

During the developmental period, it is expected that the inventor will work in conjunction with a family contact to produce a mechanical drawing of her item that the manufacturer is requesting to aid them in obtaining production cost estimates. We expect this situation to be a fluid one for the time being and will certainly bring you updates on all developments here on the Innovation Direct™ Blog. Stop in to this space for the latest news!


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