Innovention Works LLC | Application Preview
Innovention Works LLC is applying for government grants to support its business goals, which include building a client base in the U.S., hiring and training employees, and expanding its social network and storefront operations. The company aims to establish a public profile through effective advertising and marketing strategies.
The business plan focuses on creating a sustainable client base and implementing a New Hire Initiative to help transition the owner from day-to-day operations to higher-level business management. The ultimate goal is to replicate the business model for broader reach and impact.
Funding approval is sought because the company offers valuable services that promote financial literacy and guide individuals from idea conception to invention. Innovention Works addresses a critical gap, as clients typically face steep costs of around $17,000 and more when seeking help from traditional invention firms. The founder has personally experienced this burden, having spent over $22,000 on two previous provisional patent applications before even filing for a Design or Utility Patent.
In terms of competition, Innovention Works faces established companies like Invent Help, One Stop Inventions, and Invent Home. However, its competitive advantage lies in its educational approach. By teaching clients the essentials of the invention process at a low hourly fee, the company provides tailored support through each phase, which includes idea conceptualization, patent research, understanding legal requirements, and navigating the USPTO filing process.
-
General Information
Business Registration Number: 84-4687243
Location: lakeland, FL, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
-
Funding Usage
It is my humble intent to Build a US client base, Hire and train employees and scale both social network, storefront and remote.
-
Business Plan
Build a public profile through advertisement and marketing Build client base Build a term (New Hire Initiative) Transition to working on the business not in it Duplicate the business model My company provides a service to the people. We provide financial literacy as well as teach people how to go from idea to invention mitigating the extreme cost to seek service through other invention consultation agencies. On average, if someone went to an invention help company for assistance on bringing their ideas to reality, they will be out of pocket almost $17,000 plus interest if they have to finance their provisional patent application. I myself have fell victim to the before mentioned scenario for my last 2 provisional patent applications costing me in excess of over $22,000 before the actual Design/Utility Patent is even filled!
-
Self Identified Competition
Invent Help One Stop Inventions Invent Home We TEACH people the necessary steps to take their niche idea to invention on a consultation low cost hourly fee. When clients need us, we are there for them. Preliminary steps are education on patent process, Non disclosure agreements, types of patents and over all goal of the idea. 1; idea conceptualization 2; Patent research or "Prior Art Research" 3; Legal Requirements 4; USPTO Filling
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
