PURPOSE OF INVENTION SUBMISSION PROGRAMS

First, your business needs to understand why it is implementing an invention submission program. Your team certainly doesn’t need extra work to do just for the sake of doing work. But maybe you have goals to bring more products to market. Perhaps you are looking to increase the size or breadth of your IP portfolio. Maybe you have well-established distribution channels that are underutilized. At this stage, you simply need to decide whether you will or will not accept third-party innovation submissions and, if so, how that will fit into your overall strategy.

The process of translating an idea or invention into a good or service that creates value or for which customers will pay. To be called an innovation, an idea must be replicable at an economical cost and must satisfy a specific need. Innovation involves deliberate application of information, imagination and initiative in deriving greater or different values from resources, and includes all processes by which new ideas are generated and converted into useful products. In business, innovation often results when ideas are applied by the company in order to further satisfy the needs and expectations of the customers. In a social context, innovation helps create new methods for alliance creation, joint venturing, flexible work hours, and creation of buyers' purchasing power.

InventHelp helps people patent and market their invention ideas to companies. InventHelp can assist you with pitching your ideas to retailers or obtaining a licensing deal. The company can also refer you to a lawyer for a preliminary patentability search and opinion. Other services include creating videos with 3D renderings as well as 3D prototype model packages with professional sketching and illustration. InventHelp assists with your inventions in several ways. InventHelp helps you package your idea and market your idea to companies, and it also can refer you to a patent attorney. It doesn’t matter if you only have an idea, InventHelp can help you at any stage of the invention process. The company can also assist with marketing by helping you find a graphic designer, attend trade shows to make contacts and create press releases to send to publications. To get started, fill out an online form on the InventHelp website to request free information about the company’s services.