BUSINESS SERVICES

Business Services for Inventors and Small Companies:

Russ Weinzimmer & Associates, PC can provide you with a compelling set of Business Services, such as those that might be available in-house at a large corporation.

These services can be ordered separately, so you have the flexibility to choose any or all of the options according to your specific needs and preferences.

Invention Market Assessment

"Russ Weinzimmer & Associates P.C.'s Invention Market Assessment (IMA™) is a smart choice for any inventor. It's a great way of assessing the strength of any invention. It was also very helpful in securing my first investor and commercializing my invention!" Ken Crawford

Do you need to know the full market potential of your invention? Do you want to know which market segments are the most lucrative? Russ Weinzimmer & Associates, P.C. provides that essential information when you order an Invention Market Assessment (IMA™) of your invention. This innovative service is NOT offered by any other Intellectual Property or Patent Law firm, and was created in response to client demand for reliable business intelligence that could not be obtained elsewhere.

The Invention Market Assessment (IMA™) provides:

  • An Overview of Primary Market(s) for your invention, including Market Size and Growth Trends
  • An Identification and Analysis of the Most Lucrative Market Segments addressed by your invention
  • Financial Projections of Licensing Royalties from your invention
  • A list of the Most Promising Licensees for your invention
  • Specific Recommendations for Commercializing your invention

All of this information is carefully prepared by an MBA with extensive market analysis experience. The completed research, analysis, and write-up reveal the full scope and monetary value of the market(s) targeted by your invention.

Commercialization attempts based on faulty market assumptions can be very costly. For example, overestimating the applicability of an invention to a target market will lead to disappointing results. However, in most cases, the reverse is true - the invention has applicability to highly lucrative market segments that have been overlooked.

To avoid missing these opportunities, a professionally prepared Invention Market Assessment (IMA™) is recommended.

Completion Time: Approximately 10-14 days

Comprehensive Invention Market Assessment & Commercialization Plan

"The Comprehensive Invention Market Assessment & Commercialization Plan (CIMA™) provided by Russ Weinzimmer & Associates P.C. is VERY thorough and it helped me understand the market for my invention and the growth dynamics of that market (both domestically & globally). Most importantly, it helped clarify the marketability of what I had invented and the best licensing opportunities to pursue. The CIMA™ prepared by Joe Carlen MBA MISM was extremely well researched and extremely well written". Howard Bullock, Consumer Products Inventor

Now that your patent application has been prepared and filed, aren't you curious about the full market potential of your invention? In addition, do you know which market segments are the most lucrative for your invention? Russ Weinzimmer & Associates, P.C. provides this essential information in its Comprehensive Invention Market Assessment & Commercialization Plan (CIMA™).

The CIMA™ is informed by the complete set of claims from your recently-filed full regular patent application, and provides:

  • An Overview of Primary Market(s) for your invention, including Market Size, Growth Trends, and Competitive Landscape
  • An Identification and Assessment of the Most Lucrative Market Segments addressed by your invention
  • Financial Projections of Licensing Royalties from your invention
  • A list of the Most Promising Licensees for your invention
  • Specific Recommendations for Commercializing your invention

All of this is carefully prepared by an MBA with extensive market assessment experience. The completed research, quantitative & qualitative assessment, and write-up reveals the full scope and monetary value of the market(s) targeted by the invention as defined more broadly by the claims in your full regular patent application.

Optimal market segmentation is essential to successful commercialization of your invention. Often, attempts to commercialize an invention are based upon faulty assumptions about the nature of the market. For example, overestimating the applicability of an invention to a targeted market can be very costly. However, in most instances, the reverse is true -- the invention has applicability to highly lucrative market segments that are being overlooked.

To avoid missing these opportunities, it is crucial to examine these issues prior to commercializing an invention. The CIMA™ also provides a plan for commercializing the invention within each market segment; including specific recommendations regarding the invention's most promising commercial opportunities, such as licensing prospects.

Whether one's goal is to license an invention to another company or to build a new company around the invention, the Comprehensive Invention Market Assessment & Commercialization Plan is the ideal strategic roadmap - essential for inventors and entrepreneurs that are committed to commercializing their intellectual property successfully.

Completion Time: Approximately 3 to 4 weeks

Cost/Pricing Analysis and Itemized Financial Projections

“Joe provides a financial analysis that is ready to be presented to banks, investors and other interested parties.”

Robert Marquis
Marquis Fastener Management Systems

Often, inventors, particularly those who are commercializing their inventions themselves, do not know how to price their products. As an MBA with 15 years of financial analysis experience, Joe Carlen can help. He provides an in-depth cost-price analysis coupled with 36-month itemized financial projections. This provides you with all of the professional financial analysis you need to budget effectively internally and, if applicable, present your opportunity professionally.

Completion Time: Approximately 2 to 3 weeks

Invention Valuation

“As a Certified Valuation Analyst, Joe Carlen knows how to discern the value of new inventions. He did an excellent job with valuing our oilfield safety device invention.”

Richard & Christa Kofford
Oil Industry Entrepreneurs

Mr. Carlen, certified with the National Association of Certified Valuation Analysts, has leveraged his extensive patent assessment experience to develop a uniquely comprehensive analytical process for calculating the economic value of a new product, service, or process. In this manner, he is able to determine a defensible value for almost any patent, trademark, or other piece of intellectual property.

Completion Time: Approximately 2 - 3 weeks