YOUR HOME FOR COMMERCIALIZING INVENTIONS & TECHNOLOGIES
Chances are that you love your invention. It is your baby after all. Chances are that you do not know what to do next. Well, we were in
the same situation in 1994 and we understand your trepidation. We believe we have done the right thing after our failure rate being
less than 5% + commercializing 106 inventions and the quantity we have sold is minimum of 20,000 pieces to a maximum of several
hundred thousand/invention. We neither claim to be the best nor want to eat the whole cake. However, we claim to be genuine and
would like to share our 20 years of experience on a win-win basis for all the parties concerned.
We believe every company has its own way of taking an idea to the marketplace and so do we. After you send a brief summary of your
invention and once our committee likes your invention(remember we reject 99 out of 100 submissions), we test the market with 30 of
our top buyers. If the response is YES (say 20+ out of 30 like it), then we will license the invention. If the response is MAYBE(say 10-15
out of 30 like it), then we will test the market with the rest of our potential 4,000 buyers + ask the inventor to crowd fund on either
KS or IGG. For for further validation of "HIGH VOLUME,LOW TECH" innovative consumer item/mobile app that we seek, you ask
1)Has it got the ‘wow’ factor/mass appeal/solves a problem and will retail between U$ 5-U$ 100 ?
2)Is it high volume/low tech/used everyday/easy to manufacture/ have a prototype, etc. Please note we only accept submissions in
the following product categories:- As Seen On TV, automotive/garage, bed/bath, consumer items, electronics, design, games, garden,
household, kids, kitchen/dining, mobile phones/accessories, outdoors, personal care, pets, photography, technology, watches, etc.
Has it got the ‘wow’ factor/mass appeal/solves a problem and will retail between U$ 5-U$ 100
IS YOUR INVENTION UNIQUE?
YOUR SUCCESS = OUR SUCCESS
'SELL IT BEFORE YOU BUILD IT'
ONE NEEDS 3Ms TO TAKE AN IDEA TO THE MARKETPLACE
Is it high volume/low tech/used everyday/easy to manufacture/ have a prototype, etc
WE NEED TO KNOW. . .
Please note we only accept submissions in the following product categories:- As Seen On TV, automotive/garage, bed/bath, consumer items, electronics, design, games, garden/outdoors, household, kids, kitchen/dining, mobile phones/ accessories, personal care, pets, photography, sports, technology, travel, watches, etc.
DOES IT FIT INTO ONE OF THESE CATEGORIES?
We may make exceptions to other product categories on rare occasions
brief summary of
GI Reviews brief
If we like it, we
ask the inventor
to submit formal
If the answer is YES/MAYBE,we
test the invention with our buyers + c/f
Pre December 1 2016, we never charged inventors up-front. This resulted in lots of abuse. Post December 1 2016,when you submit the invention for the
first time, it is free of charge. Then, we, as a committee of 5 members that meet/liaise every 2 weeks cycle, will reply with our opinion YES NO MAYBE. If
YES, we will commercialize it. If NO, we will politely say no. For MAYBE, we will validate it with our 30 buyers and later with our 4,000 potential buyers,
then one-time cost is U$ 495/invention. We will probably also further validate it by crowd funding on either Kickstarter or Indiegogo. Note, this does not
guarantee success of your invention.
FINANCIAL RELATIONSHIP OF WORKING TOGETHER EITHER WITH AN INVENTOR OR AN AFFILIATE Broadly speaking, we work as per any of the following options
1)On royalty basis if you are not participating in funding the project
2)On 50%-50% profit sharing basis if you are participating in funding the project
3)We take an equity in your company
4)If we jointly do crowd funding on either Kickstarter or Indiegogo, we work as follows where you are as KP (Kickstarter partner)
CROWDFUNDING PROFIT WHOLESALE PROFIT
KP GI KP GI
70% 30% 25% 75%
IMPORTANT POINT TO NOTE It is important you note that that we neither guarantee the success of your invention nor quantify how many we will sell.
However, we do guarantee that we will offer your invention to all our customers and would like to maintain our success rate of 95+%
PATENT RIGHTS Our standard policy is not to get involved in patent issues. Remember that your invention may be valuable and it is your responsibility to
protect it with a patent /registered design / trade mark /copyright, which you may decide to do before submitting it to us for consideration. Our main
problem is we have to show your invention to a)mould maker b)manufacturer c)software engineer, etc. All these persons are based in China and a few of
them can hardly speak English, let alone understand NDA. However, we promise that GIHK will never copy your invention and will sign NDA to that effect.
To avoid competition, it is in our interest to protect your invention
e.g. WAL-MART, TARGET, BOOTS, ETC