So You are Wondering if You Should use an Invention Promotion Company?
by Andrew R. Spriegel
December 16, 2010
Let’s take a look at Davidson as an example.
Davidson received $745 from each of the 50,516 research contracts ($37 million), and an average of $3k-$15k (lets use $5k) from the 13, 849 New Product Sample Agreements ($69 Million) for a combined total of $106 Million received; the total number of consumers who obtained license agreements is just 376, and the number who actually made more money in royalties than they paid is only 14. This is a success rate of 14/13,849 = .001%.
This success is actually inflated if you consider the 14+376 /589,418 of the New product submissions. This would then be an even lower .00066%.
Apparently, because they have been sued for their actions, they now must publish these numbers for full disclosure.
I am going to send a letter to Davidson to check that I did the math correctly. However, based on how I am interpreting their numbers your odds are very low at being successful.