Following the launch of version 1.0 of the Invention Calculator App on October 15th 2013, Innovate has received great feedback from users, the industry and the press.Tom Post from Forbes described the app as “clever.” Lawrence Udell from the California Invention Center said of the App – “I love the concept, since it is a really valuable, easy to use educational tool. Anyone who has ever had a new invention idea should try it.”The Invention Calculator was invented and designed by Alastair Swanwick at Innovate Product Design after years of despairing over the lack of understanding people have of developing a new invention. It is an educational tool to help the individual innovator understand the global market potential and financial implications when exploring the different routes to take a new product idea to market.
How the Invention Calculator works:
The new App can calculate the profit an inventor may receive by inputting the age, gender, geographic area and the price the consumer would pay for the product. The calculator uses a formula to calculate the estimated manufacturing cost and therefore the gross profit, and then demonstrates how this varies, dependent on the different business model or route to market that the inventor chooses to apply. The Invention Calculator has been designed exclusively by Innovate Product Design and has a “patent pending” in the US.It is free to download to any smartphone from the App Store, Google Play Store or direct from the company’s website https://www.innovate-design.com/inventioncalculator/index.php. Download it and try it today!