Update: Innovation Direct™ reaches out to potential licensee regarding bedding accessory under review…
Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, back for a second time on a busy Monday. Earlier Monday afternoon, the Innovation Direct™ representative that has been managing the advanced level of interest being shown in a bedding accessory from the Innovation Direct™ roster since last fall by a Florida-based manufacturer reached out to the company principal via e-mail in an effort to obtain an update. We had most recently reported on this situation in an April 10th entry (“Innovation Direct™ representative conducts conference call with manufacturer and inventor of bedding accessory already subject of exclusive developmental agreement…“).
As we’d mentioned in that posting, the plan had actually been for all parties to reconvene by telephone in the earlier part of May, by which time the company had expected to have completed some important research into the potential market for the item. However, since our contact at the company had yet to contact us as of the beginning of the business day on Monday, it was determined that it was an appropriate time to request an update.
The hope coming out of last month’s conference call was that the due diligence that would be performed for the next few weeks following the conversation would lead to the company making a decision to license the invention. We are certainly still optimistic that this will be the case and will bring you all pertinent details of any response we receive, here on the Innovation Direct™ Blog. Check in often!