MONROEVILLE, Pa., July 28 /PRNewswire/ -- InventionHome today introduced the North American Product Innovation Network(SM), a first of its kind gateway for providing inventors easy access to North American companies seeking innovative products and inventions available for wholesale, license or acquisition. North American Product Innovation Network(SM) also provides companies across North America with a centralized source for finding innovative products within the United States and beyond.
"Our goal is to create a single point of entry, or gateway, into every North American company interested in product innovation," said Russell Williams, President of InventionHome. "We have created the network and system for sharing and submitting new products and inventions with companies in a more efficient and effective way than ever before."
North American Product Innovation Network(SM) consists of thousands of companies seeking innovative products available for wholesale, license or acquisition as well as the system for submitting innovative products and inventions to those companies. These companies include manufacturers, distributors, DRTV / infomercial companies and retailers that have registered with InventionHome or its affiliate MatchProduct.com to receive new invention opportunities. The system for submitting and sharing innovative products and inventions includes targeted product alerts, online search functionality, and/or an electronic submission management system for automating the overall submission process for companies.
North American Product Innovation Network(SM) also consists of an indirect "partner network" for sharing new inventions with companies that are not directly registered with InventionHome or its affiliate MatchProduct.com. This partner network consists of a growing list of prominent product associations and tradeshows who will be utilizing an integrated search portal on their websites to enable site visitors to search the InventionHome and MatchProduct.com databases for non-confidential invention opportunities. These organizations currently include the National Hardware Show (produced by Reed Exhibitions), International Housewares Association (IHA), National Retail Hardware Association (NRHA) and Response Magazine / Direct Response Manufacturers Association (DRMA). The search portal enables these organizations to offer their members quick and easy access to new products and inventions directly from their websites, thus enhancing their member benefits while expanding the network reach to thousands of additional companies using their websites.
Pricing & Availability
For companies seeking innovative products, the North American Product Innovation Network(SM) is FREE. To learn more, email [email protected].
For inventors seeking companies to wholesale, license or acquire their inventions, the North American Product Innovation Network (SM) offers various submission / marketing program options through affiliates InventionHome and MatchProduct.com, depending on the development status of the particular product / invention.
Inventors with fully-developed, manufactured products may select the free listing option on www.MatchProduct.com, which provides a listing on MatchProduct.com and "partner network" sites. These inventors may also select a proactive submission / marketing program option that expands the program to an outbound, proactive approach for a modest fee. The program fee structure is $39 per month / $139 setup / royalty share / cancel at any time.
Inventors with inventions that are not fully-developed may also utilize the proactive submission / marketing program to pursue licensing / royalty opportunities. The program fee structure is $599 setup / $14.99 per month / royalty share / cancel at any time. The program setup fee also includes the creation of a sales and invention portfolio webpage, product due diligence management and contract negotiation management. Patent, design and virtual prototype services are sold separately. The free listing option on MatchProduct.com is not available for inventions that are not fully-developed and manufactured. To request additional inventor information, call 1-866-844-6512 or email [email protected].
InventionHome and MatchProduct.com are divisions of Jacob Enterprises, Inc. headquartered in Monroeville, Pennsylvania. Since its inception in 2002, Jacob Enterprises has been a product innovation resource for manufacturers, wholesalers, retailers and other companies seeking to add or expand products (or lines) through product distribution, acquisition and licensing. For information call 866-844-6512 or visit www.inventionhome.com. Additional information is available at www.inventionhome.wordpress.com, www.twitter.com/inventionhome and www.inventionhome.blogspot.com.