- Green Belt
- Posts: 248
- Joined: Mon Jun 18, 2007 5:16 am
The 80 people were from the finalists from last season, is what I heard it to be. I'm sure that Everyday Edison does all the legal legwork, then picks their 12, then the rest are available to their retailer contacts. Nothing happens fast in the inventing world, so don't expect anything soon! I'm guessing on this. But it does look to me, that since they are an invention development company they are looking at the big picture, and working with retailers is a big part of that. Louis is also on a committee for the patent agency, so he has important contacts and imput there. Yes he does review and develop inventions thru his company. I specially asked him this question when I talked to him at the Working Inventor's week-end. He will
also work with inventors and building prototype I believe. His company does the full range- and can be hired to do most anything. So I really feel that EE is a good company, with good goals, and is trying to promote inventions as well. As far as the payment, I have to confess I didn't look at it really close. For me, it's not about the money. Normally
the royalty is based on profits, not sales. Develpment costs will all come out of the profits- as it should.