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“Triumph Initiative is open minded and persistent in their approach and is how they are building a name for themselves. They are intuitive and get their clients connected to the right people for highly probable licensing opportunities."
Stephen Key, ABC’s American Inventor Consultant, Inventor of over 20 licensed products, Triumph Initiative Advisor |
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Triumph Initiative represents professional product developers to buyers of open innovation. As a boutique agency, we facilitate a product licensing business model between our clients and companies who utilize open innovation. In short, we scout hot new products for companies seeking to license innovative ideas from outside talent.
Triumph values ethical open innovation standards, the evolution of knowledge, and the notion that amazing solutions can come from anywhere. The ability to integrate ideas and inventions into winning business propositions provides successful outcomes for both buyers and sellers of intellectual property. In our practice we leverage a proven step-by-step process and the most current resources available. This is often just the starting point for many product developers in the process of bringing their product ideas to market.
To successfully license ideas, a strong marketing agent that can communicate your product benefits to interested buyers is essential. The open innovation strategy allows us to present buyers with new ideas, to improve upon existing products, and to create for hot consumer trends.
We provide our clients with the tools and resources to get them in the game. Our objective is to get early feedback from potential buyers in order to get results over a 3 to 6 month period. This allows us to build long-term relationships with our clients in the event that one concept is not accepted. We can provide them with valuable feedback to improve their concept or suggest that they focus their development efforts on higher demand consumer items.
Our boutique agency leverages top industry advisors to deliver the best results. Triumph's key advisors, Andrew Krauss and Stephen Key, have over 50 years combined experience in the product licensing industry. Their critical knowledge and guidance provides Triumph with a solid sounding board, and simplifies the process for bringing ideas to market.
Leaders of Open Innovation
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