Update: Innovation Direct™ receives long-awaited response from International Home and Housewares Show 2009 exhibitor Forever Gifts, Inc. regarding initial Innovation Direct To Industry™ package…
Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, chiming in with an update on a company we’d last reported about in an August 10th posting (http://innovationdirectonline.com/blog/?p=1156). Earlier Tuesday, the Innovation Direct™ representative managing the Innovation Direct To Industry™ account of Texas-based Forever Gifts, Inc. received a long overdue response from his contact at the firm regarding the initial package of preliminary, non-confidential information on 5 product ideas he’d sent him on the date of the aforementioned entry.
As per the e-mail communication received Tuesday, the company contact and his business partner wanted more information on the amount of royalties Innovation Direct™ typically expected to secure for its clients, as well as what periods of exclusivity were available for the inventions before a final long-term decision was reached regarding them. Our colleague promptly replied to these questions via e-mail and is now awaiting further word from Forever Gifts, Inc. on which items from the batch were of further interest to them.
Stay tuned to the Innovation Direct™ Blog for any and all updates regarding this evolving situation!