Update: Innovation Direct™ initiates searches for initial Innovation Direct To Industry™ package for Duron Plastics Limited; licensing process, goals clarified with company…
Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking in with our latest update. Earlier Wednesday, the Innovation Direct™ representative that will be managing the Innovation Direct To Industry™ account of Canada-based Duron Plastics Limited began his searches through the database for the company’s initial package, which he is aiming to have completed and sent to his contact at the company by the end of the week. We had just reported on this company and their entry into the Innovation Direct To Industry™ program in an entry yesterday (“Innovation Direct™ receives response from Canada-based Duron Plastics Limited regarding Innovation Direct To Industry™ e-mail; initial package of inventions to be put together soon…“).
Additionally, our aforementioned colleague also had an e-mail exchange with Duron’s representative today in which he detailed our company’s licensing goals and process. Because Duron’s business model has a very large contract manufacturing component to it, our colleague felt it would be prudent to clarify that the inventors that Innovation Direct™ represents are interested in licensing and royalty arrangements, as opposed to contracting a company to simply manufacture their products. The company contact did reply and confirm that they understood and were amenable to considering licensing agreements.
We will update you here on the Innovation Direct™ Blog as soon as the Innovation Direct To Industry™ package has been finalized and sent. Check in frequently!