125: Pitching Your Invention to Big Product Businesses

Published: May 11, 2022, 8 a.m.

b'Dougal Grimes is the Vice President of Innovation and Inventors Relations for SpinMaster Toys.\\xa0He leads a team of people who review product pitches from inventors just like you.\\xa0Before this, he worked for over 10 years as a leader in many different roles at Hasbro.\\xa0Today Dougal is going to share some valuable knowledge on how inventors, startups, and small manufacturers can best pitch to large product brands like SpinMaster, and what you can do to best prepare for, deliver, and expand your product\\u2019s success with this type of partnership.\\nToday you will hear us talk about:\\n\\nDeveloping the toy idea out\\n\\nA great idea can come from anywhere\\n\\nBig ideas come from the mass market, not in-house design teams\\n\\nThe process of meeting inventors is quite freeform\\n\\nPitching the idea well is important, and applies to all type of industries\\n\\nHave a quick pitch, then a proof of concept physically, then prove feasibility of manufacturability, that it is safe, that it is viable, and possibly that it has intellectual property protection.\\n\\nLook for toy fairs, conferences, reach out via LinkedIn, find the invention submission areas of the company.\\n\\nRemember, a product pitch is a promotion.\\n\\nDon\\u2019t lead with the technical aspects, lead with the features.\\n\\nRemember, you are bringing a solution to a company when you pitch.\\n\\nThe inventors vision and passion can help push a product through to greater success even after a licencing deal is struck\\n\\nTimelines for toy inventors getting to market\\n\\n\\nEPISODE LINKS\\nDougal Grimes / SpinMaster Links:\\n\\n\\nWebsite: https://www.spinmaster.com/\\n\\n\\n\\nLinkedIn: https://www.linkedin.com/in/dougalgrimes/\\n\\n\\n\\nThe Product Startup Podcast Links:\\n\\n\\nWebsite: https://www.ProductStartup.com/\\n\\n\\n\\nInstagram: https://www.instagram.com/ProductStartup/\\n\\n\\n\\nLinkedIn: https://www.linkedin.com/company/ProductStartup/\\n\\n\\n\\nFacebook Page: https://www.facebook.com/ProductStartup/\\n\\n\\n\\nFacebook Group: https://www.facebook.com/groups/ProductStartup/\\n\\n\\n\\nPinterest: https://www.pinterest.com/ProductStartup/\\n\\n\\n\\nTwitter: https://twitter.com/ProductStartup\\n\\n\\n\\nYouTube: https://www.youtube.com/MakoInvent\\n\\n\\n\\nMako Design Links:\\n\\n\\nWebsite: https://www.makodesign.com/\\n\\n\\n\\nYouTube: https://www.youtube.com/MakoInvent\\n\\n\\n\\nInstagram: https://www.instagram.com/MakoInvent/\\n\\n\\n\\nLinkedIn: https://www.linkedin.com/company/MakoDesign/\\n\\n\\n\\nFacebook: https://www.facebook.com/MakoInvent/\\n\\n\\n\\nPinterest: https://www.pinterest.com/MakoInvent/\\n\\n\\n\\nTwitter: https://twitter.com/MakoInvent/\\n\\n\\n\\nKevin Mako Links:\\n\\n\\nInstagram: https://www.instagram.com/Entrepreneurs/\\n\\n\\n\\nLinkedIn: https://www.linkedin.com/in/KevMako/\\n\\n\\n\\nQuora: https://www.quora.com/profile/Kevin-Mako\\n\\n\\n\\nFacebook: https://www.facebook.com/KevMakoPage/\\n\\n\\n\\nTwitter: https://twitter.com/KevMako/\\n\\n\\n\\nAbout: MAKO Design + Invent is the original firm providing world-class consumer product development services tailored to startups, small manufacturers, and inventors. Simply put, we are the leading one-stop-shop for developing your physical product from idea to store shelves, all in a high-quality, cost-effective, and timely manner. We operate as one powerhouse 30-person product design team spread across 4 offices to serve you (Austin, Miami, San Francisco, & Toronto). We have full-stack in-house industrial design, mechanical engineering, electrical engineering, patent referral, prototyping, and manufacturing services. To assist our startup and inventor clients, in addition to above, we help with business strategy, product strategy, marketing, and sales/distribution for all consumer product categories. Also, our founder Kevin Mako hosts The Product Startup Podcast, the industry\\u2019s leading hardware podcast. Check it out for tips, interviews, and best practices for hardware startups, inventors, and product developers. Click HERE to learn more about Mako Design + Invent!'