Inventors should never give up faith in their product- that's the
message Inventions Chief Colin Cramphorn is hoping to get across
with his announcement this month that a group of financial "angels"
has expressed a tentative interest in reviewing some of our current
projects.
If they like what they see, there is the possibility that these
"angels" a term used to describe benevolent sponsors
of a project may agree to some sort of funding deal.
"I cannot stress enough how tentative
this enquiry was," explains Colin,"but
it was nevertheless made seriously. The identity of this group is
confidential at this stage. Should a suitable synergy be identified
between a particular invention and the requirements of these potential
sponsors, I will invite the inventor to discuss the best way forward."
"Inventions promotions is a tough and
expensive business with no certainty of breaking even. But funding
can come from unexpected places."
Inventions does receive unsolicited enquiries
from potential angels from time to time. In these cases, inventor
confidentiality is our prime concern, and we will immediately make
you aware of any such approaches should your invention be a potential
candidate for close scrutiny.
August 2005
LICENSE TO SPILL
Five years after he first approached Inventions, inventor Paul
Scargill has finally seen the fruits of his labour with the finalisation
this month of a license for his "Everflow" hose to manufacturers
Scargill set out to design a garden hose that would keep the water
coming whatever the circumstances.
Uninterruptible water flow in a hose with an eonomically-viable
design: a tall order.
Certainly the problem is very much worth solving in terms of financial
potential; everyone, in every walk of life, knows how irritating
it is to suffer erratic water flow from a garden hose. The issue
is virtually universal, and the number of unit sales of the product
that deals with it therefore potentially high.
Scargill certainly scored highly in his technical solution to the
problem. You cannot kink the Everflow. You can park a car on the
Everflow and you will still get water. You can even, quite literally,
tie knots in the Everflow and, true to its name, you will still
get water.
With a UK Patent granted on 16th Feb 2005, Mr. Scargill finally
had a product that was both protected and spectacularly effective;
it was only a matter of time before a discerning manufacturer smelt
lucrative market potential.
Emplas, who bought exclusive rights to the hose product and called
it "Everflow", is one the biggest hose manufacturers in
Europe; Inventions were delighted to do business with such a prestigious
partner.
Talks are currently underway with a major DIY retail chain to roll
out the Everflow onto shelves early next year.