New Product Summary

This is a one page summary written with carefully chosen words that do not reveal the inventive subject matter but sufficiently provides a background of the innovation and its patent status.

New product summaries are used to attract interest from prospective partners before and during the patent pending process.

The features and benefits are concepts referred to as Customer Driven Innovation (CDI) described in From Patent to Profit. They convey the moneymaking opportunity. Summaries shouldn't be more than one page long, never contains gimmicky clip art, and are professionally prepared.

Until you prepare a New Product Summary, you cannot consider licensing.