Discover Over 40 Leading Firms Eager to Reward Your Innovative Ideas

EARNING MONEY
Top 40+ Businesses That Buy Creative Ideas

In a world constantly looking for fresh ideas, innovative concepts from independent inventors are more sought after than ever. If you hold such an idea that you think can grab some traction, consider offering it to product development companies.

We have compiled a list of enterprises that are willing to purchase or collaborate on new product proposals and made a guide to help you navigate this landscape. We have also responded to some frequently posed inquiries to equip you with the best knowledge possible.

List of Businesses That Buy Creative Thoughts

Here’s a diverse list of companies spanning various industries that are keen on buying innovative concepts:

1. Idea Buyer

Idea Buyer is a product development firm that helps bring your ideas to life. They are highly supportive of inventors and accept concepts from various categories.

2. Sharper Image

Sharper Image is renowned for purchasing fresh product ideas. They produce an array of items from toys to electronics.

3. Dewalt

Dewalt, a leading tools manufacturer, is open to new product concepts through their online submission system.

4. Cal-Van Tools

Regularly collaborating with independent inventors, Cal-Van Tools develops new automotive tools and products.

5. Avery

This office supplies company has teamed up with Evergreen Innovation Partners to encourage inventors to pitch their product ideas.

6. Mattel

If you have a unique concept for a toy or game, Mattel provides an online platform to pitch your ideas.

7. Unilever

Being the world’s one of the most extensive product developers, Unilever consistently seeks practical innovations, especially in the food and hygiene sectors.

8. Nautilus

Nautilus, a global firm keen on quality fitness equipment, is always open to new ideas.

9. Wilson

Wilson, a sporting goods manufacturer, welcomes new product concepts through its website.

10. Fila

Fila, a leading sportswear brand, only considers patented ideas due to a vast number of incoming ideas every day.

11. New Balance

Similar to Fila, New Balance encourages inventors with patented ideas to submit product proposals through its online form.

12. Knight & Hale

This hunting equipment producer invites innovative ideas through an online submission form.

And many more…

Protect your Creative Concepts

Before submitting your idea, ascertain your concept is patent-protected. This helps to prevent unauthorized commercial use of your innovation. Though getting a patent can be costly, you can partially mitigate this by going through the process independently.

In some cases, patent protection may not be needed, especially if the company of interest has its protection measures in place. However, you should always prioritize patenting your idea to avoid potential disputes.

Before initiating the patent process, consult with a few patent lawyers to find the one that suits you.

Alternatively, if you don’t want to get your idea patented, you could request for a Non-Disclosure Agreement (NDA) with the company of interest. This agreement prevents them from using or sharing your idea without your permission.

Research is Crucial

Ensure you do substantial market research before pitching your ideas to save both your time and that of the interested company. Moreover, thorough research prevents you from proposing ideas already in the market or investing in a company that won’t meet your development objectives.

Go a step further to study any contractual agreements before signing them. Pay attention to fine print to avoid any complications in the future.

Keep in mind…

In the business of selling ideas, success isn’t always guaranteed at first. It may take quite a number of trials until you find that one idea that brings you success. Thus, be patient and optimistic, green pastures may just be on the horizon.

In the end, if the prospect of selling your idea feels right and aligns with your future goals – then go for it!

Keep in Mind:

Only a small percentage of ideas get developed into products; an even smaller percentage of those products actually sell. So, don’t be disheartened! Research thoroughly and always protect your intellectual property. Think big, think smart, and good luck innovating!