Inventor Connect

Innovation Leader in Tools

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Typical Inventor Process - New Products

Apex Tool Group has a cross functional team dedicated to executing inventor ideas in the marketplace. The process begins with your idea submission and proceeds to our team for evaluation. We meet monthly to evaluate all new submissions. If your idea is compatible with our product roadmap and strategic vision, we will approve the project for further resourcing. This includes design and prototyping, Voice of the Customer research, product performance testing, intellectual property evaluation, and manufacturability studies. Upon favorable results, we will then develop a licensing arrangement with you to compensate you for your idea. This process varies in duration based upon the idea, but it is possible to complete the Idea to Execution process in less than 12 months.

Some of our inventors submit multiple ideas, hence the cyclical nature of this process. We look forward to receiving yours!invention submission process

Step 1

  • Review the submission form
  • Fill out your information
  • Attach a file of drawing, sketch, document, movie, etc.

Step 2

  • Product Review Committee makes decision
  • Proceed
  • Not Interested
  • Consider Further Development

Step 3

  • Build model for testing and verification
  • Conduct Voice of Customer Research
  • Performance Testing
  • Manufacturing Cost

Step 4

  • Prepare Worldwide Licensing Agreement