Invention Assessment & Evaluation Frequently Asked Questions
Get Expert Insights on Your Invention
Bringing a new product idea or invention to market can be challenging. Our assessment service helps you understand the viability and potential of your invention in the marketplace.
General Assessment Questions
Why do you undertake an assessment before agreeing to offer support.
The new product idea business is complex, demanding and highly competitive. Only the very best products succeed. Only by undertaking deep forensics can commerciality, feasibility be uncovered, that ultimately determining the projects viability.
How do I know you’re not going to steal my idea, what protection do I have.
Before sharing any information with us, we will sign a confidentiality agreement - either yours or ours. This ensures your confidential information is securely protected and handled with the utmost discretion.
How long does the assessment take to complete.
The assessment consists of two stages. The first stage, lasting approximately 5–7 days, is a preliminary evaluation. The second stage is more comprehensive and takes about 7–10 days to complete.
What’s the cost to undertake the assessment.
The assessment is free and part of our due diligence process.
Why do you reject so many projects.
Unlike others in our industry who take on every project regardless of its viability, we don’t. We focus only on projects with a strong chance of success. Investing in a project that is unlikely to deliver positive results is both futile and a waste of time and money.
If you reject my project, what does this mean.
It means we believe the project is not commercially viable, has a low likelihood of success, and pursuing it would not be in either your best interest or ours.
Need to know more...
for a free ‘no-obligation’ consultation and project assessment, to learn more about us, the process and the benefits of working with us.