More information on expectations after submission can be found in the Innovator Handbook.

Transcript

So, the solution report has been submitted. What next? In a typical project the idea goes through a multi-stage review process and triggers payments at 4 milestones.

The first stage is a survey of relevant literature to highlight possible overlaps.

The second stage evaluates ideas for how well they solve the problem and identifies risks to implementation.

In the third stage, the remaining ideas are considered based on which ones will be the most interesting to the client. We present a range of ideas to the client which triggers the first payment to the innovator.

In final stage, the client makes their selections. Sometimes the client will select just one idea, other times they will select a handful. We pay innovators for each selection made, triggering the second, much larger payment.

The entire review process can take several months, but we make it easy to track your solution at any time to see where it is in the process.

After client selection, some ideas need patenting or prototypes, while others become trade secrets. Regardless, Xinova handles all of the work. Once a commercialization plan is determined, a third and still larger payment is made to the innovator.

And finally, the innovator participates in the idea’s commercialization success based on how well it sells.

Payments can vary depending on the client, innovator and level of IP protection achieved. But typically, selected ideas earn between $6,000 and $20,000 U.S. dollars, or more when commercialized. 

After you submit a solution the best thing to do is keep an eye out for other RFIs that pique your interest and keep innovating!

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