For companies looking to streamline the process of managing product submissions from outside sources—such as innovators, inventors, or suppliers—submission management software has become an indispensable tool. These platforms help to ensure that submissions are collected, organized, and reviewed efficiently, preventing potentially valuable ideas from being overlooked. One of the platforms that has gained significant attention in this space is MarketBlast. But is MarketBlast really a submission management platform? How does it work, and how does it compare to other solutions in this growing market?

In this article, we’ll dive into the features, functionality, and benefits of MarketBlast as a submission management platform. We’ll explore how it can help businesses, what makes it unique, and whether it is the right tool for your organization’s needs.

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1. Understanding What MarketBlast Offers

MarketBlast is designed specifically as a submission management platform that facilitates connections between product innovators and companies seeking fresh, market-ready products. It serves as a hub where inventors, entrepreneurs, and product developers can submit their innovations directly to businesses, while companies gain access to a steady stream of new product ideas. MarketBlast’s platform helps organizations efficiently manage and evaluate these submissions, cutting down on the complexities involved in traditional submission processes.

Key Features of MarketBlast Include:

Product Submission Portals: MarketBlast allows businesses to create custom submission portals where innovators can upload their product ideas. This portal standardizes the intake process, ensuring that all submissions are collected in a structured manner.

Review Tools: MarketBlast offers tools for companies to review and evaluate submissions efficiently, using customizable criteria to ensure each submission meets the company's needs or requirements.

Communication and Feedback: The platform facilitates direct communication between companies and product submitters, allowing businesses to provide feedback, ask questions, or request additional information on a particular submission.

Collaboration: MarketBlast supports collaboration across teams, allowing multiple stakeholders within a company to view, comment on, and score submissions based on predefined evaluation criteria.

In short, MarketBlast functions as a full-service submission management system designed to cater to product innovation and development. It’s a platform tailored to help companies simplify their product submission processes, making it easier to discover new products and innovations while managing submissions in a structured, organized manner.

2. How Does MarketBlast Work?

MarketBlast’s core functionality revolves around the submission and evaluation of product ideas. Whether you’re a company looking to invite product submissions or an innovator trying to get your idea in front of the right eyes, the platform offers tools and workflows designed to streamline this process.

Here’s a closer look at how MarketBlast works for both businesses and innovators:

For Businesses:

Create a Submission Portal: Companies can create a custom submission portal that outlines specific product categories or areas of interest. For example, a consumer electronics company might create categories for “Wearable Technology” or “Smart Home Devices.” The portal provides a structured way for innovators to submit their ideas based on the company’s needs.

Set Submission Guidelines: Within the portal, businesses can establish submission guidelines, including required documentation (e.g., product descriptions, patents, images, videos), legal disclaimers, and timelines for review.

Manage and Review Submissions: Once submissions start coming in, MarketBlast offers companies a centralized dashboard to view, organize, and evaluate each submission. The platform’s built-in review tools allow businesses to score submissions based on criteria such as market potential, feasibility, and alignment with the company’s product roadmap.

Communicate with Submitters: If a submission shows promise, companies can use MarketBlast’s communication tools to engage directly with the innovator. This can include requesting further details, arranging meetings, or negotiating licensing agreements.

Collaborate with Teams: MarketBlast supports internal collaboration, allowing multiple stakeholders to review, comment on, and share insights on product submissions. This is especially valuable for companies where product development, marketing, and legal teams all need to weigh in on a submission’s potential.

For Innovators:

Find Submission Opportunities: Innovators can search through a variety of open product submission opportunities across industries. Whether they have an idea for a new kitchen gadget or a medical device, they can find relevant submission portals created by companies seeking innovations in those areas.

Submit Product Ideas: After finding a relevant opportunity, innovators can submit their product ideas via the MarketBlast platform. The submission process is straightforward and designed to ensure that all required materials are included upfront. This increases the likelihood of getting the product idea reviewed by the company.

Track Submission Progress: MarketBlast provides innovators with real-time updates on the status of their submissions. This transparency ensures that innovators know when their ideas are being reviewed and what steps they should take next.

Receive Feedback: If a submission is declined, MarketBlast enables companies to provide feedback, helping innovators understand why their product wasn’t a fit and how they might improve future submissions.