Deciding to build a business around your invention is a serious yet exciting endeavor for inventors. Often inventors have focused on developing the workings of their invention through a prototype without any formal process in business development.

While there are many free internet websites that offer business plan templates or other agencies that market a business planning class, MIPO is the only agency in Oregon that provides specialized consulting and training specifically for inventors that will be building a business specific to their invention.

1.    Business Assessment
Our team of experts will review our idea to determine if it is viability for the business to be developed.. This entails a comprehensive review of your business including invention review, marketing potential, and financial forecasts.

2.    Business Plan Development
Inventors are often in various stages of their business plan and so MIPO works to meet each inventor at their stage. Some inventors have business plan idea in their head and not on paper, others have them on paper in the form of an outline but not a business plan, while others have formalized a comprehensive business plan for us to review. Our team of experts can help you prepare or review a business plan that is geared towards bringing your invention to market with a realistic yet creative outlook

3.    Funding Your Business.
These days inventors eagerly search for funding to support their business. While funding has always been a challenge it is not impossible. MIPO works closely with lenders, investors, and economic development agencies to ensure that independent inventors have complete knowledge and opportunities afforded to them when applying for capital.

4.     Launching Your Business
The first day a business opens its doors is surreal and summation of all the time, energy, and hurdles often faced in preparing for the grand opening. MIPO assists in the launch by supporting branding opportunities that include press release, marketing materials, website support, and community connections. Successful inventions are necessary for MIPO to thrive so we work very hard to make sure each invention reaches the market quickly and efficiently.

5.     Business Growth
The success of a business doesn't end at the launch of the business. It requires ongoing support to thrive. At MIPO we have developed a system for ongoing support that permits the inventors to partake in their business with confidence. Our goal is help monitor the product life cycle, business trends, management technologies and implement innovative strategy for success.