Edison Nation listens to what our community has to say, and we keep hearing you have the million dollar idea, but we don’t have a search for you to submit to. Edison Nation is now hosting an “open” search exclusive to our Edison Insiders. If you have a rock-star idea, submit it to the Open Search. It works just like out sponsor-specific Live Product Searches, except we’ll work with any consumer goods retailer or manufacturer in any mass-appeal category.
If your idea is selected for this search and you reach the Finalist stage – also called “G7” – the Edison Nation team will identify the ideal prospective partners for your idea, whether they are companies we have previously worked with or not.
For this search, Edison Nation wants to see your best new product concepts spanning any industry or category.
Keep in mind that top ideas will:
- Have broad appeal (no niche ideas that only you, your best friend and grandma would buy!)
- Be considered consumer products (i.e. no industrial equipment, technological advancements without application and so forth)
- Be protected by a trade secret or patent, or a concept that can be protected by a trade secret or patent
- Have high marketing and sales volume potential
Part of the fun in hosting an Open Search is that there aren’t many rules and requirements! Edison Nation will consider any unique and innovative concept as long as it is for a new consumer product with mass market appeal.
While not required, we highly encourage you to submit a video of yourself demonstrating a prototype and explaining the features and benefits of your submission. Please be as detailed as possible in telling us about your innovation.
Edison Insider Open Search FAQ
How much does it cost to submit?
The cost to submit to the Open Search is $20. Each entry will be reviewed by a team of Edison Nation product development and intellectual property experts. Your submission fee helps defray a portion of the actual cost of reviewing each submission.
Why are opt-ins not allowed for this search?
This is an opportunity for you to submit ideas that haven’t been a fit in any other search. You can update and submit any idea that you’d like, but we really want new and fresh ideas that haven’t been a fit anywhere else. Be creative!
I’m not an Edison Insider, can I still submit to the Open Search?
No, only Edison Insiders can submit to the Open Search. Click here for more information about Edison Insider membership.
What happens if I make it to G-7 in the Open Search?
After you receive a G-7, the Edison Nation team will identify the ideal prospective partners for your idea, whether they are companies we have previously worked with or not.
I’m a finalist; how long will it take to hear anything?
The Edison Nation Licensing Team may take up to six months to find a home for your product after it becomes a finalist.
It has been six months since my product made it to finalist in the Open Search. What now?
At the end of the six months, we will announce the inventor (or inventors) whose idea was selected for commercialization. Just as with our traditional Live Product Searches, those who are selected will receive an immediate $2500 advance on future payments.
How often do you host Open Searches?
Open Searches are held twice a year, in June and December.