InventNet International Corporation operates according to the laws of the California Business and Professionals code section 22370-22371, regulating invention development companies.

 

What We Offer

Our business depends on quality innovations, and our ability to market those innovations. Product Development and Marketing are our main services, and are offered to inventors globally. We are compensated only after your invention is commercialized! No hidden up-front fees, not for our services. We are here to help you, the small entity independent inventor realize your dream. However to do this, there are certain things that must be observed, lest we dilute our effort to serve the inventor community.

1. We will not select for review any inventions that:

A. Are illegal to produce and use

B. Can create damage in any way to the environment

C. Create health hazards or are dangerous to use.

We are currently seeking inventions that have a meaningful commercial and marketing advantage or present serious manufacturing improvements.

To be selected for our program, your invention must also have the following traits:

 be already patented or patent pending, or receives an encouraging patentability opinion.

 be in a growing market segment.

 be a product that can be introduced into the consumer market within two years.

 be easily integrated into the existing manufacturing methods prevalent in manufacturing today.

 be an innovation that can generate a minimum of $100,000 per year in royalties by the end of the second year, and sustain growth momentum for five additional years.

Also, please be aware that the further along in development with your invention that you are, the greater chance of it being selected for this program.

InventNet International Corporation covers all expenses related to the cost of development and the marketing of those inventions selected for an exchange of fifty-percent (50%) of the future revenues which result from either licensing your product into the mainstream, or from formation of a joint-venture interest on your behalf.

 

How To Apply

Before disclosing your invention to InventNet International Corporation, please read and sign our Invention Disclosure Agreement.    Copy the agreement, print it out, and send us a signed copy as soon as possible via ground mail.

If your invention is patented, or is patent-pending, the Invention Marketability Review Form may be used.
If your invention has not patent pending status, email us, we can recommend a good Intellectual Property Attorney or Agent who can help on a budget that is both friendly and affordable.

If your invention is sampled or prototyped, you'll be asked later to send us either samples or photos.

Above all else, please provide complete information about your invention during the marketability review process. It is very important for us to find the right match for your intellectual property, and the more we know about your new product, the easier that will be.

Evaluation Process

Our invention marketablity review process consists of two important phases.   These are:

1. The Pre-Evaluation Phase: This phase is designed to both screen and process a large number of inventions submitted for approval into the program. It will aid us in determining if the invention is compatible with the current marketing criteria. This is a very important stage, as it is where we actually qualify the invention for further development.

2. The Full-Evaluation Phase: If the invention passes the Pre-Evaluation phase successfully, following a completion term of from 4 to 8 weeks a formal evaluation will be provided to you. During this time our team will be locating potential licensees, or structuring the development of your new product for launch. Of course you'll be contacted by us during this phase of the operation, for updates, advice, or whatever.

Set Criteria: Following the Full-Evaluation Phase, InventNet International then decides if the invention is acceptable for further development and/or marketing.

Accepted Inventions

A Product Development Agreement will be contracted between InventNet International Corporation, and the inventor of record. This agreement will include, among other terms, language that gives our Corporation exclusive rights to license your invention for one full year (exclusive) and to grant licenses to licensees on behalf of the inventor, provided such licensees are suitable and in the inventor's best interest. In the event that our Corporation has entered into a negotiating position with a potential licensee, the one-year shall continue until the negotiations are completed.

The gross royalty revenue sharing has a 50%/50% start-up basis, that changes to 40/60 in favor of the inventor when the annual royalties exceed $1,500,000 per year, and it changes to 30/70 percent in favor of the inventor if royalty annuals reach or exceed $3,000,000 per annum.

Our Goals

It is felt that our goals are synergistic with those of the inventors of today. The entire team involved in InventNet International Corporation are all known inventor advocates, marketing experts, and licensing brokers, as well as engineers, design people, and others. We seek long-term relationships with a true partnership relation with the inventors who qualify for the program.
You, as the inventor, know more about your discovery than any of us, so you must be willing to do your part when necessity requires it.

Should we not accept your invention for the program, it does not mean that we think you have a bad invention, it only means that at the current time we have no interest in pursuing it further.

Also, since we deal with a tremendous number of inventors in any given month, unfortunately we do not have time to individually answer questions on the telephone. Should we need further information about your innovation, we shall call you during the evaluation process.
Therefore, please try to send all your inquiries by either email, or by ground mail to our Corporate Headquarters.

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