How does BIG make money if it doesn charge inventors for services?
BIG does not charge inventors for reviewing or representing ideas. We make money by licensing ideas–selling a company the rights to produce an invention in return for royalties and advance money–and from fees that companies sometimes pay us for services. As your agent, we would split advances and royalties 50/50 with you on the licensing deals we negotiate. Because we do not charge for our services and can only invest our efforts in a limited number of ideas, we end up representing only about 1-3% of the ideas we evaluate. • What kind of ideas is Big Idea Group seeking? Will BIG review ideas that are NOT in its area of interest? BIG is organized by different markets. Our main areas of interest are: • Consumer Product Goods • Food, Beverage, and Packaging • Retail and Promotional Products We particularly welcome ideas in these categories: food and beverage; toys and specialty gifts; kitchen and housewares; office supply; gardening tools; health and wellness; children’s; fitness; and i
