The odds of an innovation becoming successful are seven percent. Only six percent of patents are licensed to large manufacturing companies for production! The Innovator has an idea, but what is the next step? Thomas Edison experienced the same exasperation in the commercial market as inventors experienced today. When he could not find a buyer for his first patented invention (an electric vote counter) he formulated a lifelong policy: "Anything that won't sell, I don't want to invent!"
In today's competitive market, one must not only have a great idea, but know step by step how to move the idea through the entire commercialization process to the end consumer. That's where Innovative Product Technologies, Inc. comes into the picture!