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™
- Comprehensive Invention Market Assessment & Commercialization Plan™
- Strategic Business Analysis
- Optimal Funding Sources
- Favorable Funding Terms
Invention Market Assessment™
"Russ Weinzimmer & Associates P.C.'s Invention Market AssessmentTM (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, CTB Gaming, Inc.
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
Fee: $1,400 ($700 retainer and $700 upon completion)
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 PlanTM 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
Fee: $2,200 ($1,100 retainer and $1,100 upon completion
Strategic Business Analysis
This service includes:
- A thorough analysis of all relevant market data (market size, growth trends, and competition), in the context of your specific objectives, constraints, and strengths. This analysis will provide a sound basis for identifying the best markets and opportunities for commercializing your invention. Any investor or lender or licensee or strategic partner needs to see a clear presentation demonstrating that the invention has a viable market.
- An analysis of the unique features of your invention, the benefits of your invention, and how your invention meets market needs.
- A detailed customized plan that shows exactly the steps you need to take to commercialize your invention.
- A clear layout of how the funding will be used, projected revenues, projected cash flow, and other details of the financial arrangement. These are essential to any professional fundraising document.
We offer three different Strategic Business Analysis Packages to suit your needs. The Standard Package, providing a strong level of detail and analysis, is suitable for most inventors, and is an excellent value. For inventors requiring a large sum of money, the Comprehensive Package is the ideal choice. For inventors on a tight budget, the Summarized Package is also available.
Completion Times: The Standard Package takes 14-17 days, the Comprehensive Package takes 3-4 weeks, and the Summarized Package takes 7-10 days to complete.
Fees:
Standard Package -- $2,200 ($1,100 retainer + $1,100 upon completion)
Comprehensive Package -- $5,600 ($2,800 retainer + $2,800 upon completion)
Summarized Package -- $850 ($425 retainer + $425 upon completion)
Optimal Funding Sources
An optimal list of funding sources is determined according to your unique needs, preferences, characteristics, and constraints. By identifying only the best matches for your situation, we save you much time and effort.
Completion Time: 3 days.
Fee: $330 (payable in full up-front)
Favorable Funding Terms
With the Strategic Business Analysis and the Optimal Funding Sources in hand, it's time to approach these funding sources. At this stage, some inventors prefer to have professional assistance while negotiating favorable funding terms. We provide such service for a minimum of 6 hours.
Completion Time: 6 hours to be used according to each inventor's needs and preferences. For example, the six hours may be used over a week, or over a much longer period of time.
Fee: $400 for six hours (payable in-full up-front), additional hours available at $90 per hour prepaid.
