Innovation Fund

Posted Tuesday, May 10, 2011.

For inventors with a great idea, but who aren’t sure they have the resources or wherewithal to devote to patent protection or bringing the idea to market, an alternative is the Edison Nation Innovation Fund.

In brief, in exchange for a royalty once the idea is commercialized, you assign the rights to your idea to Edison Nation, who then funds the patenting and development of the concept.

There is a nominal fee for submitting your idea for review by the Edison Nation board and their partnering venture capitalists. Because you enter into a legal agreement with Edison Nation assigning your property rights, you should consult with an attorney if you are uncomfortable reviewing this information on your own. I am not an attorney, but I have colleagues whom I can recommend.

If you proceed and want to work with me on patenting your idea once Edison Nation has selected your concept, please use my Edison Nation Referral Code of 17-115-297 when you submit your idea.

Good luck!

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