Industry: Retail
Additional Information
Design Mind Group is committed to bringing new ideas to the marketplace. As a leading online retailer of cutting edge products, Design Mind Group has been likened to the Amazon of innovation. To keep their pipeline full, Design Mind Group now offers inventors and innovators product design and test marketing services as well as their exclusive Market Launch Program in order to successfully move concepts off the drawing board and into the private sector. Michael Harrison, Director of Operations for Design Mind Group stated: “We are pleased with this exciting new program as it will open the door to bring a constant stream of new and exciting products to the marketplace.”
Over 99% of inventors will not obtain a licensing agreement for their products. In most cases, this failure has little to do with the strength of the idea, but rather occurs as a result of improper market strategy. Design Mind Group’s New Product Division is headed by industry veterans Steve Wilson and Rick Johnson with extensive experience in successfully presenting new products to prospective manufacturers. Design Mind Group will work with inventors to initially assess qualifying concepts and work with them to locate manufacturers to license their products. Once a product is licensed, the door is then open to promote that product on Design Mind Group’s impressive online shop which features thousands of unique and exciting products.
Qualifying concepts submitted to Design Mind Group undergo a thorough and detailed assessment that looks at the strengths and weaknesses of an idea. Utilizing an exclusive methodology developed internally by Design Mind Group, the submitted concept is analyzed with current market and manufacturing trends in mind. When possible Design Mind Group will subsidize the research for their Preliminary Assessment Report program.
Confidentiality is of the utmost importance to Design Mind Group. Every idea submitted to Design Mind Group is transferred over a secure server and will not be distributed or sold to third parties by Design Mind Group. Professionalism, security, and ethical practices are the core principles of Design Mind Group that allow their passion for innovation and new ideas to flourish.