Tools commonly used in the Invention Consultants & Brokers industry for day-to-day tasks and operations.

• Patent databases
• Market research tools
• Intellectual property management software
• Product design software
• Licensing negotiation software
• Financial analysis tools
• Project management software
• Legal research tools
• Marketing automation software
• Customer relationship management (CRM) software

Common products and services typical of NAICS Code 541613-07, illustrating the main business activities and contributions to the market.

• Product development consulting
• Patent brokerage
• Invention evaluation services
• Intellectual property management consulting
• Licensing negotiation services
• Market research consulting
• Product design consulting
• Manufacturing consulting
• Distribution consulting
• Marketing strategy consulting

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Patent Agent: A patent agent is a professional who has passed the United States Patent and Trademark Office (USPTO) registration examination and is authorized to represent inventors in patent matters. They help inventors prepare and file patent applications, and represent them in patent prosecution before the USPTO. The USPTO provides the registration examination.
• Registered Patent Attorney: A registered patent attorney is a lawyer who has passed the USPTO registration examination and is authorized to represent inventors in patent matters. They help inventors prepare and file patent applications, and represent them in patent prosecution before the USPTO. The USPTO provides the registration examination.
• Certified Licensing Professional (CLP): The CLP certification is a globally recognized certification for professionals in the licensing and technology transfer industry. It demonstrates a high level of knowledge and experience in licensing and technology transfer. The certification is provided by the Licensing Executives Society International (LESI).
• Certified Patent Valuation Analyst (CPVA): The CPVA certification is a globally recognized certification for professionals in the patent valuation industry. It demonstrates a high level of knowledge and experience in patent valuation. The certification is provided by the Certified Patent Valuation Analysts (CPVA) Association.
• Certified Licensing and Technology Professional (CLTP): The CLTP certification is a globally recognized certification for professionals in the licensing and technology transfer industry. It demonstrates a high level of knowledge and experience in licensing and technology transfer. The certification is provided by the Licensing Executives Society International (LESI).

A concise historical narrative of NAICS Code 541613-07 covering global milestones and recent developments within the United States.

• The Invention Consultants & Brokers industry has a long history dating back to the 19th century when inventors started seeking help to commercialize their inventions. In the early 1900s, the industry saw a significant boost due to the rise of the industrial revolution, which led to an increase in the number of inventions. In the 1960s, the industry experienced a significant shift as the focus shifted from inventing new products to licensing existing patents. In recent years, the industry has seen notable advancements in technology, which have led to the development of new tools and software to help inventors and brokers. In the United States, the industry has been growing steadily, with more inventors seeking help to commercialize their inventions.

The anticipated future trajectory of the NAICS 541613-07 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  According to recent reports, the industry of Invention Consultants & Brokers is expected to grow in the coming years. The increasing number of startups and small businesses in the USA is expected to drive the demand for invention consulting services. Additionally, the rise of new technologies and the need for intellectual property protection is also expected to contribute to the growth of the industry. However, the industry may face challenges due to the high competition and the availability of free online resources for inventors. Overall, the industry is expected to grow steadily in the coming years.

Recent groundbreaking advancements and milestones in the Invention Consultants & Brokers industry, reflecting notable innovations that have reshaped its landscape.

• Invention Evaluation Software: A new software has been developed that can evaluate the potential of an invention and provide inventors with feedback on its commercial viability.
• Virtual Invention Exhibitions: Due to the pandemic, many invention exhibitions have moved online, providing inventors with new opportunities to showcase their inventions to a wider audience.
• Crowdfunding Platforms: Crowdfunding platforms have become increasingly popular among inventors as a way to raise funds for their inventions and get feedback from potential customers.
• Patent Search Tools: New patent search tools have been developed that can help inventors search for existing patents and avoid infringement issues.
• Online Invention Marketplaces: Online marketplaces have emerged that allow inventors to sell their inventions directly to consumers, bypassing traditional distribution channels.