Concept Acquisition Program

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Concept Acquisition Program

Not every innovation of a country becomes a patented concept. While in India, the ignorance and reach to the knowledge about patents seem to be extraordinarily less in comparison to many developed nations in the world, flipping the other side of the coin would show the inability and hesitation of numerous innovators and inventors to invest a huge sum of money in transforming their concept into a patent. It is owing to this reason numerous ideologies are and were left free to the public domain for others’ to enjoy its benefits especially to the developed nations.

Concept Acquisition Program

In order to provide a most feasible solution to this issue and with the vision of supporting those innovative minds with lesser financial stability or strength, Allinnov is offering its concept acquisition program.

An inventor or an innovator who carries a product innovation and believes to have a wonderful and commercially effective concept but with no intention to invest huge sums in patenting the concept shall take the freedom of exhibiting his / her / their concept to Allinnov. The inventor/innovator/team of inventors shall just bare the basic cost of prior art search and patentability check processes. As soon as the result of patentability stands positive, Allinnov shall wholly bare the entire and any future expenses in patenting the concept and bringing the same out to the market as a final product. Allinnov shall create legitimate legal agreements between the inventors/team and execute all papers in order to share any monetary profits (5%-30%) obtained upon commercialization of the same without placing any risk to the inventors/team.

Do not ever think of the financial burden in patenting your invention, just call us / book an appointment and we shall support you in all aspects with complete guidance.