A “marketability evaluation” is what all inventors should have completed prior to attempting to market their invention. A marketability evaluation basically considers whether the invention is “marketable” within the current and future market. This is extremely important to you since a manufacturer will not license your patent rights for invention that may be “really neat” but is not competitive with the other products currently on the market.
Neustel Law Offices, LTD has a quick 20 Factor Invention Evaluation Form that you can complete yourself or have a friend complete. Remember, this form is only effective if you or your friend are honest with the scoring!
Below is list of organizations that provide honest marketability evaluations for inventors that you are encouraged to utilize.
- AZtech, Inc. – They charge a $250 fee for aging and assistive technology products (Tel: 716-833-7870).
- Canadian Innovation Centre – Provides honest invention evaluations of all types of inventions for $695 (Tel: 519-885-5870).
- Excel Development Group – They charge between a $95 to $200 evaluation fee (Tel: 612-374-3233).
- The Hook Appropriate Technology – The Hook charges $200 for an objective marketability opinion of all types of inventions (Tel: 860-350-2709).
- McPherson Partners, LLC – They will evaluate your idea for free.
- Patent Cafe – Software for evaluating your invention for $69. A personal analysis of your invention for a higher fee (Tel: 530-673-9430).
- NewFuntiers – Marketability evaluation of toys, games, gift & baby products for a fee of $125 to $150 (Tel: 530-547-4413).
- NIFC Marketability Test – A quick 20 factor form you fill out yourself that evaluates the marketability of your invention from Neustel Law Offices, LTD for free.
- Wisconsin Innovation Service Center – Technical and market assessments of new product and service ideas for $495 (Tel: 414-472-1365).
LEGAL DISCLAIMER: This web site provides general information only, not legal advice. You should not act upon this information without independent legal counsel. You must read and agree to the Terms of Service before viewing this web site. The NIFC is not associated with any Federal or State government agency. If you have been harmed by an invention marketing company or patent attorney, you should immediately seek the legal assistance of a reputable attorney licensed in your state. Michael S. Neustel is licensed to practice law only in North Dakota and in the United States Patent & Trademark Office. Michael S. Neustel is the owner of Neustel Law Offices, LTD and Neustel Software, Inc. Statements made in this web site are merely opinions of the National Inventor Fraud Center, Inc. and should not be interpreted as factual. Neither Michael S. Neustel nor the NIFC market inventions, provide market analyses or provide marketability analyses for inventors. You are strongly encouraged to investigate any company or law firm you plan to work with and do not rely solely upon this web site when selecting a company to work with. Only you can determine if the companies listed on this web site are reputable or not.
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