Monument have always been and continue to be interested in developing and selling new products. It has always been part of the plan to invent or to have inventors bring ideas to Monument and market products which other manufacturers do not have in their portfolio.
The Inventor’s Den and in 2018 Inventor’s Den Days are helping trades bring the ideas and innovations to market so that they can benefit in the most profitable way.
Look out on social media or see our blog Latest Plumbing Tools from Monument to read more about how we work with trades and inventors and have created success stories with world-class knowledge, route to market and expertise in sales and marketing and all from one of the largest specialist hand tool manufacturers in Europe.
Do You Have an Idea for a New Product ?
To assist Monument with the assessment of an idea or innovative product design, Monument have laid out below a standard format.
Monument also welcome any suggestions on how to improve, add other products to stock/supply and how we can better serve the needs of the plumbing, roofing and drainage industry.
As a manufacturer we appreciate the need for confidentiality whilst new products are developed or under development. Monument suggest that a confidentiality / non-disclosure agreement be drawn up before any meeting a trade or inventor has with any party. This will ensure that the information of the inventor should not reach the public domain.
Ideally Monument would like to receive information on ideas in a standard format; as follows. It may not be possible to provide all the information and in some cases none may be available as the idea may simply be a lightbulb moment.
Background to the Invention / Idea
Describe the problem experienced by the customer.
e.g. Plumbers need a product to …
- Identification of market gap. Who and how many people might buy the product?
- Product data and specifications.
This could include: technical drawings and / or line drawings of the product in use; working sample(s) – if possible a total of 5 samples; full instructions on how the product works; estimates of the cost of manufacture and suggested retail price.
- Intellectual Property (IP). Are any of the following applicable?
Patents, Trade Marks, Registered Designs, Copyright, Design Right.
- Reports, proceedings and reference books. Have any been used? If so, which ones?
- Manufacturers of competitive products, which should include specifications and retail prices of products.
- Official and representative bodies. Have they been approached to provide official opinions and reaction to products already in use. e.g. BSI, trade associations, government bodies, pressure groups and consumer associations.
- Opinions, reviews and reactions to products in use.
Come to one of the Monument Inventor’s Den Days !
Ultimately what Monument want to achieve is to help trades bring innovation and ideas to market and maximise their returns.