50+ Companies that Pay for Invention Ideas

Updated on: by Amy Kennedy
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In a world driven by innovation and progress, companies understand that groundbreaking ideas can emerge from the most unexpected sources. 

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Gone are the days when inventors had to toil away in solitude, uncertain of how to turn their concepts into reality. 

Today, there is a growing trend of companies actively seeking out inventive individuals like you, recognizing the value of your unique perspectives and ingenuity. 

Imagine a scenario where you can be generously compensated for your inventive ideas, without the burden of having to navigate complex patent procedures or the fear of your concepts gathering dust in forgotten corners. 

This is the era where the doors of opportunity swing wide open for inventors from all walks of life.

Companies that Pay for Invention Ideas

Here are the top 50 companies that will pay you for your invention ideas: 

1. Google

Google, the search engine giant, is not only at the forefront of technological advancements but also actively encourages innovation from inventors. 

With a dedicated program called “Google Patents,” they offer inventors the opportunity to showcase their ideas and potentially receive compensation. 

By leveraging their vast resources and extensive network, Google aims to nurture inventive minds and transform ideas into tangible products or solutions.

2. Microsoft

Microsoft, a global leader in software and technology, is known for its commitment to fostering innovation. 

They offer various channels for inventors to submit their ideas, including the Microsoft Patent Program. 

This program provides inventors with the chance to turn their ideas into licensed patents and potentially earn financial rewards. 

Microsoft actively seeks inventions in areas such as artificial intelligence, cloud computing, and cybersecurity.

3. IBM

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IBM, a pioneer in technology and computing, has a long history of supporting inventors. They encourage inventors to submit their ideas through their “IBM Patent Program.” 

This program offers inventors the opportunity to receive financial compensation for their inventions, as well as the potential to collaborate with IBM’s research and development teams. 

IBM’s vast portfolio of patents is a testament to their commitment to innovation and their recognition of the value that inventors bring to the table.

4. Intel

Intel, a leader in semiconductor manufacturing, actively seeks innovative ideas from inventors. 

They provide inventors with a platform to submit their ideas through their “Intel Patent Program.” 

With a focus on technologies like artificial intelligence, 5G, and autonomous systems, Intel values the contributions of inventors and offers compensation for their patented inventions. 

Through their program, inventors have the opportunity to work with Intel’s experts and contribute to groundbreaking advancements in technology.

5. Apple

Apple, renowned for its cutting-edge technology and design, recognizes the importance of inventions in driving their success. 

They have established the “Apple Inventor Program” to encourage inventors to share their ideas. 

Apple provides inventors with a platform to submit their inventions, and if accepted, inventors may receive compensation and recognition for their contributions. 

By embracing external inventions, Apple continues to innovate across various sectors, including consumer electronics, software, and services.

6. Amazon

Amazon, the e-commerce and technology giant, has a program called “Amazon Patent Program” that invites inventors to submit their ideas. 

They actively seek innovations in areas such as logistics, cloud computing, and consumer electronics. 

Inventors whose ideas are selected may receive compensation and have the opportunity to collaborate with Amazon’s teams to bring their inventions to market.

7. Samsung

Samsung, a leader in electronics and technology, values inventors and their ideas. 

They offer the “Samsung Open Innovation” program, where inventors can submit their ideas for consideration. 

If selected, inventors may receive financial rewards, licensing opportunities, or the chance to work with Samsung’s R&D teams to further develop their inventions.

8. Sony

Sony, a renowned brand in electronics and entertainment, actively encourages inventors to share their ideas through their “Sony Patent Program.” 

They provide inventors with a platform to submit their inventions and potentially receive compensation for their patented ideas. 

Sony’s commitment to innovation and collaboration is reflected in their vast portfolio of patents across various industries.

9. LG Electronics

LG Electronics, a global leader in consumer electronics, has a program called “LG Inventors’ Program” that invites inventors to submit their ideas for consideration. 

They actively seek innovative concepts that can enhance their products and services. 

Inventors whose ideas are accepted may receive compensation and have the opportunity to collaborate with LG Electronics’ experts to bring their inventions to life.

10. Philips

Philips, a multinational conglomerate focused on healthcare, lighting, and consumer products, recognizes the value of inventions in driving their innovations. 

They have an extensive patent program that provides inventors with the opportunity to protect and monetize their ideas. 

Inventors can submit their inventions through Philips’ dedicated platform and, if accepted, may receive compensation and support in further developing their concepts.

11. General Electric (GE)

General Electric (GE), a renowned conglomerate with interests in various sectors, including energy, aviation, and healthcare, recognizes the importance of innovation. 

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GE actively seeks inventions through their “GE Global Patent Operation” program. 

Inventors can submit their ideas for review and, if accepted, may receive compensation and have the opportunity to collaborate with GE’s experts to bring their inventions to market.

12. Ford Motor Company

Ford Motor Company, a prominent automotive manufacturer, encourages inventors to share their innovative ideas through their “Ford Global Technologies” program. 

They actively seek inventions related to automotive technologies, safety, and sustainability. 

Inventors whose ideas are selected may receive compensation and have the opportunity to work with Ford’s teams to develop and implement their inventions.

13. General Motors (GM)

General Motors (GM), one of the largest automotive manufacturers globally, values the contributions of inventors. 

They have established the “GM Global Technology Innovation” program to foster collaboration with inventors. 

Through this program, inventors can submit their ideas for evaluation and potentially receive compensation and licensing opportunities if their inventions are selected.

14. Toyota

Toyota, a renowned automobile manufacturer, embraces innovation and invites inventors to share their ideas through their “Toyota Open Innovation” program. 

They actively seek inventions that can advance automotive technologies, sustainability, and mobility solutions. 

Inventors whose ideas align with Toyota’s goals may receive compensation and have the opportunity to collaborate with Toyota’s research and development teams.

15. Honda

Honda, a leading automotive and motorcycle manufacturer, values inventive ideas that can shape the future of transportation. 

They have established the “Honda Innovations” program, which offers inventors the opportunity to submit their ideas and potentially collaborate with Honda’s experts. 

If selected, inventors may receive compensation and support in bringing their inventions to market.

16. BMW

BMW, a prominent luxury automobile manufacturer, encourages inventors to share their innovative ideas through their patent program. 

They actively seek inventions related to automotive technologies, sustainability, and mobility solutions. 

Inventors whose ideas align with BMW’s vision may receive compensation and have the opportunity to collaborate with their experts to bring their inventions to life.

17. Volkswagen

Volkswagen, a leading automotive manufacturer, values the contributions of inventors in driving their advancements. 

They actively seek innovative ideas through their patent program, covering various areas of automotive technology and sustainability. 

Inventors whose ideas are selected may receive compensation and have the opportunity to collaborate with Volkswagen’s experts in further developing their inventions.

18. Siemens

Siemens, a global technology powerhouse, encourages inventors to submit their ideas through their patent program. 

They actively seek inventions in areas such as energy, healthcare, and industrial automation. 

Inventors whose ideas align with Siemens’ vision may receive compensation and have the opportunity to collaborate with their teams to transform their inventions into practical solutions.

19. Qualcomm

Qualcomm, a leading semiconductor and telecommunications company, recognizes the importance of inventive ideas. 

They have established the Qualcomm Invention Advertising Program, which invites inventors to submit their ideas for potential compensation and collaboration opportunities. 

Qualcomm’s expertise in mobile and wireless technologies makes them an attractive destination for inventors in this field.

20. Cisco Systems

Cisco Systems, a global leader in networking and communication technologies, values the contributions of inventors. 

They have an inventor recognition program that offers inventors the opportunity to submit their ideas for evaluation. 

Inventors whose ideas are selected may receive compensation and recognition for their inventive contributions to the field of networking and technology.

21. Dell Technologies

Dell Technologies, a renowned technology company, embraces innovation and provides avenues for inventors to share their ideas. 

They offer programs where inventors can submit their inventions for consideration. 

If selected, inventors may receive compensation and support from Dell’s experts to bring their ideas to market.

22. Hewlett Packard Enterprise (HPE)

Hewlett Packard Enterprise (HPE), a leading provider of IT solutions, values innovation and the contributions of inventors. 

They actively seek inventive ideas through their innovation programs and platforms. 

Inventors whose ideas align with HPE’s vision may receive compensation and have the opportunity to collaborate with HPE’s teams to transform their inventions into practical solutions.

23. Oracle

Oracle, a global technology company specializing in database management systems and enterprise software, encourages inventors to submit their ideas for consideration. They have an established patent program that supports inventors in protecting and commercializing their inventions. 

Inventors whose ideas are accepted may receive compensation and recognition for their contributions.

24. Adobe Systems

Adobe Systems, a renowned software company, recognizes the value of inventive ideas. 

They have a patent program that provides inventors with the opportunity to protect and monetize their inventions. 

Inventors can submit their ideas for consideration, and if accepted, may receive compensation and support from Adobe’s teams in further developing their concepts.

25. 3M

3M, a global science and technology company, is known for its culture of innovation and invention. 

They actively support inventors through their patent program, offering opportunities for inventors to protect and commercialize their ideas. 

3M values inventive contributions and provides inventors with compensation and support in bringing their inventions to market.

26. Procter & Gamble (P&G)

Procter & Gamble (P&G), a multinational consumer goods company, welcomes inventors to submit their ideas through their Connect + Develop program. 

They actively seek innovative ideas that can enhance their products and services. 

Inventors whose ideas align with P&G’s needs may receive compensation and have the opportunity to collaborate with P&G’s experts to bring their inventions to fruition.

27. Johnson & Johnson

Johnson & Johnson, a global healthcare company, values innovation and encourages inventors to share their ideas. 

They have established innovation programs and platforms where inventors can submit their inventions for consideration. 

If selected, inventors may receive compensation and have the opportunity to work with Johnson & Johnson’s teams to develop and commercialize their inventions.

28. Pfizer

Pfizer, a leading pharmaceutical company, recognizes the importance of inventive ideas in advancing healthcare. 

They actively engage with inventors through their patent programs and platforms. 

Inventors whose ideas align with Pfizer’s goals may receive compensation and have the opportunity to collaborate with their experts in further developing their inventions.

29. Merck & Co.

Merck & Co., a global healthcare company, values the contributions of inventors and actively seeks innovative ideas. 

They have established programs to support inventors in protecting and monetizing their inventions. 

Inventors whose ideas are accepted may receive compensation and have the opportunity to collaborate with Merck’s teams to bring their inventions to market.

30. Novartis

Novartis, a multinational pharmaceutical company, embraces collaboration and innovation. 

They have established platforms for inventors to submit their ideas for evaluation. 

If selected, inventors may receive compensation and have the opportunity to collaborate with Novartis’ experts in developing their inventions further.

31. Bristol Myers Squibb

Bristol Myers Squibb, a global biopharmaceutical company, recognizes the importance of innovative ideas in advancing medical science and improving patient care. 

They provide inventors with a platform to submit their ideas for consideration. 

While specific compensation details may not be publicly disclosed, Bristol Myers Squibb actively seeks inventions related to areas such as drug discovery, clinical development, and healthcare technologies. 

32. Coca-Cola

Coca-Cola, a renowned global beverage company, values innovation and actively supports inventive ideas. 

While specific compensation details may not be publicly disclosed, Coca-Cola actively seeks inventions related to areas such as packaging, sustainability, flavor development, and marketing technologies. 

With their commitment to refreshing the world and creating positive social impact, Coca-Cola provides inventors with the opportunity to contribute to transformative solutions in the beverage industry and potentially be rewarded for their inventive contributions.

33. PepsiCo

PepsiCo, a leading global food and beverage company, embraces innovation and encourages inventive ideas that promote sustainable practices. 

While specific compensation details may not be publicly disclosed, PepsiCo actively seeks inventions related to areas such as sustainable packaging, waste reduction, water conservation, and nutrition. 

34. Nestlé

Nestlé, a multinational food and beverage company, recognizes the significance of inventive ideas in shaping the future of the industry. 

They have a platform where inventors can submit their ideas for consideration. 

While specific compensation details may not be publicly disclosed, Nestlé actively seeks inventions related to areas such as nutrition, food science, packaging, and sustainability. 

35. Unilever

Unilever, a global consumer goods company, values innovative ideas that contribute to sustainable and responsible business practices. 

They have an innovation submission portal where inventors can submit their ideas. 

While specific compensation details may not be publicly disclosed, Unilever actively seeks inventions related to areas such as personal care, beauty, hygiene, nutrition, and sustainable living. 

36. Walmart

Walmart, a multinational retail corporation, values innovation and actively seeks inventive ideas that can improve their operations and customer experience. 

While specific compensation details may not be publicly disclosed, Walmart offers inventors the opportunity to participate in programs like Open Call. 

Here, they can pitch their products directly to Walmart’s buying team. 

37. Target

Target, a leading retail company, believes in the power of innovation and welcomes inventive ideas from external sources. 

While specific compensation details may not be publicly disclosed, Target offers inventors the opportunity to submit their ideas for consideration. 

They actively seek inventions that align with their commitment to providing exceptional guest experiences, offering high-quality products, and promoting sustainability.

38. The Home Depot

The Home Depot, a renowned home improvement retailer, recognizes the value of inventive ideas in enhancing the home improvement industry. 

While specific compensation details may not be publicly disclosed, The Home Depot actively seeks inventions related to areas such as product innovation, sustainability, and customer experience. 

With their commitment to delivering excellent service, offering quality products, and driving innovation, The Home Depot provides inventors with the opportunity to contribute to transformative solutions and potentially be rewarded for their inventive contributions.

39. Boeing

Boeing, a leading aerospace company, values innovation and actively supports inventive ideas that can shape the future of aviation and space exploration. 

While specific compensation details may not be publicly disclosed, Boeing actively seeks inventions related to areas such as aircraft design, advanced materials, propulsion systems, and aerospace technologies. 

With their focus on advancing aviation and space capabilities, Boeing offers inventors the opportunity to contribute to transformative solutions in the aerospace industry and potentially be recognized for their inventive contributions.

40. Airbus

Airbus, a prominent aircraft manufacturer, embraces open innovation and welcomes inventive ideas from external sources. 

While specific compensation details may not be publicly disclosed, Airbus actively seeks inventions related to areas. 

These include aircraft design, manufacturing processes, cabin innovations, and sustainable aviation solutions. 

As such, Airbus provides inventors with an opportunity to contribute to transformative solutions in the aviation industry and potentially be recognized for their inventive contributions.

41. Lockheed Martin

Lockheed Martin, a global aerospace and defense company, values innovation and actively seeks inventive ideas that can advance the field of aerospace and defense technology. 

While specific compensation details may not be publicly disclosed, Lockheed Martin offers inventors the opportunity to submit their ideas for consideration. 

They actively seek inventions related to areas such as advanced aircraft systems, space exploration, cybersecurity, and emerging technologies.

42. Northrop Grumman

Northrop Grumman, a leading aerospace and defense technology company, recognizes the power of inventive ideas in advancing national security and technological innovation. 

While specific compensation details may not be publicly disclosed, Northrop Grumman actively seeks inventions related to areas like aerospace systems, unmanned technologies, cybersecurity, and space exploration. 

43. Raytheon Technologies

Raytheon Technologies, a renowned aerospace and defense company. 

It values innovation and actively supports inventive ideas that can drive technological advancements. 

While specific compensation details may not be publicly disclosed, Raytheon Technologies actively seeks inventions related to areas such as aerospace systems, defense technologies, cybersecurity, and advanced materials. 

44. ExxonMobil

ExxonMobil, a multinational energy company, recognizes the importance of innovative ideas in shaping the future of the energy industry. 

While specific compensation details may not be publicly disclosed, ExxonMobil actively seeks inventions related to areas such as energy exploration, production technologies, carbon capture, and alternative energy solutions. 

45. Chevron

Chevron, a major energy corporation, values innovation and actively supports inventive ideas that can drive progress in the energy sector. 

While specific compensation details may not be publicly disclosed, Chevron actively seeks inventions related to areas such as energy exploration, production technologies, renewable energy solutions, and environmental sustainability.

46. BP

BP, a global energy company, recognizes the importance of innovative ideas in driving the future of energy. 

They have a platform where inventors can submit their technology ideas for consideration. 

While specific compensation details may not be publicly disclosed, BP actively seeks inventions related to areas such as renewable energy, low-carbon technologies, and advanced energy solutions. 

47. Shell

Shell, a multinational energy company, values collaboration and encourages inventive ideas from external sources. 

They have an open innovation approach that allows inventors to submit their ideas for consideration. 

While specific compensation details may not be publicly disclosed, Shell actively seeks inventions related to areas such as renewable energy, carbon capture and storage, mobility solutions, and sustainable technologies. 

48. DuPont

DuPont, a global science and engineering company, believes in the power of collaboration and welcomes inventive ideas from external innovators. 

They have an open innovation program that allows inventors to submit their ideas for evaluation. 

While specific compensation details may not be publicly disclosed, DuPont actively seeks inventions related to areas such as advanced materials, sustainable solutions, biotechnology, and electronics. 

49. Dow Chemical Company

Dow Chemical Company, a leading materials science company, values open innovation and actively seeks inventive ideas from external sources. 

While specific compensation details may not be publicly disclosed, Dow actively seeks inventions related to areas such as sustainable materials, packaging innovations, digital technologies, and advanced manufacturing. 

50. BASF

BASF, a multinational chemical company, recognizes the importance of innovation in driving sustainable solutions. 

They have a platform where inventors can submit their innovative ideas for evaluation. 

While specific compensation details may not be publicly disclosed, BASF actively seeks inventions related to areas such as chemistry, materials, agriculture, and sustainable technologies.

51. General Mills

General Mills is a renowned consumer packaged goods company known for its wide range of food products. 

With popular brands like Cheerios, Yoplait, and Betty Crocker, General Mills has a long-standing commitment to innovation. 

They actively encourage inventors to submit their ideas about food products, packaging, sustainability, etc. 

General Mills aims to provide consumers with quality and nutritious food options while considering environmental and social factors. 

52. Kimberly-Clark

Kimberly-Clark is a global leader in personal care and consumer products, with well-known brands like Kleenex, Huggies, and Scott.

They actively seek innovative ideas from external sources to drive advancements in personal care, hygiene, and other related areas. 

Kimberly-Clark’s open innovation platform welcomes inventors to submit their ideas and collaborate on projects that can enhance their existing product portfolio or introduce novel solutions to address consumer needs.

Wrap Up

There are numerous companies across various industries that recognize the value of inventive ideas and actively seek external contributions. 

From technology giants to healthcare leaders, retail giants to energy corporations, these companies understand that innovation is crucial for driving progress and staying competitive in today’s dynamic business landscape.

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