There really is no comparison. Invention promotion companies are notorious for their false claims and hollow promises. They are riddled with fraud and bilk inventors out of more than $300 million a year!
Worse yet, their success rates are less than 1/10th of 1% (don't believe it when they say they license a new invention every 3 days...you've never heard of a single one!). An inventor can easily spend over $20,000 to $30,000 for worthless, bogus information. The only one to profit is the invention assistance company and its salespersons who make big commissions.
You see...common sense tells you that "good ideas don't need your money, there are always others willing to invest." Perhaps a small investment to qualify the concept, which you can easily do on your own or with the free assistance of an SBDC. But the promotion companies might start out at $700 to $900 for a worthless boilerplate report, flattering, but not adequately qualifying, your concept. Then they'll go up to $25,000 to $35,000 to "get it ready for market". In fact, most of what promotion companies charge thousands of dollars for, you can do by yourself or with assistance from an PIC/SBDC Affiliate for little out of pocket cost. And, with a far greater success rate in a far shorter time span.
With Patents in Commerce you'll be able to produce exceptionally high quality research and make direct connections in industry for a fraction of the cost of an invention promotion company. You'll also save an incredible amount of time and substantially improve your ability to achieve success. The experienced SBDC counselors and the PIC team of experts is impeccable and don't work on commission. Here is a brief comparison. Below are several links if you'd like more information.
Besides all this, promotion companies are not qualified to help with business plans, prospectuses, rapid prototyping (in just days your invention can be ready for test marketing), scientific market research, hiring patent attorneys, and much more.
Industry CEOs want to deal direct with an inventor, NOT through an invention assistance company. It's no wonder the PIC inventors have commercialized their inventions with sales far greater than all the invention promotion companies combined...and have never paid them a cent!
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Be extremely careful. Invention assistance companies can close shop and open again in another state under a another name. Take the time to do it right and avoid the scams.
