Update: Innovation Direct™ receives signed exclusive developmental licensing agreement for consumer electronics accessory from Interactive Group Ltd….
Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, chiming in with our latest report. Earlier Thursday, the Innovation Direct™ representative managing the Innovation Direct To Industry™ account of our West Coast-based industry partner received a signed exclusive developmental licensing agreement for a consumer electronics accessory from him via e-mail executed by Interactive Group Ltd., a company he is scouting inventions on behalf of. We had last reported on this situation in an October 20th entry (http://innovationdirectonline.com/blog/?p=1277).
As we’d explained in that posting, the company had requested virtual reality presentations for 2 consumer electronics inventions, and those had promptly been sent. After reviewing the material, Interactive made a decision they wanted to only move forward further with one of the concepts, as the second one was deemed to be outside of their current manufacturing and marketing capabilities.
The company will now continue its evaluation of the detailed product description and virtual presentation for the product idea they signed the agreement for, and will hopefully move towards making it a long-term fixture in their product line within the coming months. Check in with the Innovation Direct™ Blog for all future updates regarding this situation!