PRELIMINARY NEW IDEA OR CONCEPT SUMMARY REVIEW
This Preliminary New Idea or Concept Summary Review is the initial research process generally undertaken by Inventors for identifying and documenting the existence of similar or competing products or inventions prior to them making the decisions for undertaking further development or seeking opportunities and the marketability of a new concept invention.
A Preliminary New Idea or Concept Summary Review consists of general research and is undertaken for the areas as listed below:
 | Product concept description (based on a client’s disclosure) | | A basic product search undertaken through electronic means using web search tools. | | Any images and drawings or sketches and basic details of any competing product or inventions that are found. | | Any relevant production and manufacturer information found. | | Any compliance, differentials and industry segmentation found. | | Any relevant competitor analysis or market facts found. | | Potential niche markets where discovered or found. |
This information is gathered and prepared into an informative preview report of the concept or idea and simply examines the existing product market in which it is intended to be developed or marketed. The purpose of this report is to gain a snapshot as to what existing products and development is in the public domain and it can often be used as an early indication of the likely commercial viability of the new product idea or concept. The report is largely based on statistics and information that is obtained from Industry Publications, Whitepapers, Government Gazettes, Industry and other Public Domain type publications and other online media sources.
This report is not undertaken on a regional specific area and is compiled of Global Information.
It is prepared by a market researcher and unlike other broad general market analysis; it is designed for briefly addressing the needs of each client’s concept and new idea.
The summary will often take around 2 weeks (14 days) to research, compile and complete.
The report is provided in a simple A4 plastic presentation folder. PRELIMINARY NEW IDEA OR CONCEPT SUMMARY REVIEW
Charge: $545
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