Startup provides invention, commercialization assessment for entrepreneurs

March 25, 2015  


WEST LAFAYETTE, Ind. and CRAWSFORDVILLE, Ind. – Frontier Additive Manufacturing LLC has expanded its service line to include invention and commercialization assessment for entrepreneurs who have ideas, but aren't sure about the startup process and how to get their ideas off the ground.

Frontier Additive's Invention and Innovation Commercialization Assessment and Assistance Program provides information on the commercial relevance to guide the all-important "Go or No Go" decision and helps entrepreneurs understand innovation and startup concerns such as intellectual property protection like patents, copyrights and trademarks.

"Our purpose is to assist inventors and innovators in moving their innovation to the market, whether that is in a corporate setting for an improvement to a product and new product line development or from an inventor's own space," said Eric Lynch, Frontier Additive CEO and co-founder, who has more than 15 years of experience as an innovation and manufacturing consultant. "Having worked with many inventors and innovators, we found that there was an underlying issue of 'What do I do with this innovation after I have a prototype made?' We are helping them address this question."

The program is designed to work with business leaders and/or attorneys to provide additional support for their clients.

"Many inventors come from technical backgrounds and they need assistance to develop their business case for commercialization to potential investors," Lynch said. "We can provide consulting services from an initial business vision assessment to market assessments to help inventors with brand development and perform multi- perspective market analyses. Additionally, we can help with a technology's physical development whether product engineering, rapid prototyping and manufacturing capability assessments through small lot manufacturing. The final leg of any commercialization assessment is how to deliver the product to market: should the inventor do it themselves or contract manufacture or license the invention/innovation to another party? The program can assist with most facets of the commercialization process as needed."

The program's consulting services include: 

* Initial business vision and business model assessment.

* Marketing assessments from an industry perspective even on those hard-to-place technologies.

* Development of marketing strategy and market segmentation.

* Review of the patent landscape to assess the definition of the invention.

* Side-by-side comparison of like inventions with existing patents.

* Assessment and development of patent portfolio strategy from a business market perspective.

* Identification of suspect companies that may be interested in invention/innovation.

* Initial contact with prospective companies to vet interest to commercialize technology.

* Assess technology's disruptive nature for consideration of a start-up company.

* Negotiations assistance for partnerships and/or licensing.

Frontier Additive Manufacturing is part of the Purdue Startup Class of 2014 where 24 startups based on a Purdue University innovation were launched.

For more information about the various services available through Frontier Additive's Invention and Innovation Commercialization Assessment and Assistance Program contact iCAP@frontieradditivemanufacturing.com or 765-413-5568. 

Media contact: Cynthia Sequin, 765-588-3340, casequin@prf.org

Source: Eric Lynch, 765-413-5568, frontieradditivemanufacturing@gmail.com 

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