I'll be damned! This could potentially be great for touring cyclists assuming it's reliable enough for long rides in any weather and doesn't compromise the handlebar strength like during steep climbs with heavy loads. When touring I sometimes wished I could adjust the handlebar height easily on the fly.

Unfortunately, I can't offer any business advice as I'm totally green in that area but the touring cyclists could be potential target market. When on the road for hours and days you encounter different road conditions and you energy levels vary greatly. Sometimes you want to go low for a fast descent, or stretch for climbing, or sit up straight during easy parts. Drop bars and touring bars solve that to some degree by offering multiple hand positions, but this invention of yours appears to have far greater range of positions.

Oh, and yeah, many people - including myself - don't like drop bars. I don't like brifters nor bar-end shifters as well as the "twisted" palm position on the drops. Something like this used with a flat bar or butterfly touring bars could be beneficial on long rides.

Oh, and rather than approaching major corporate manufacturers (they're more likely to turn you down, then develop something like that on their, market it poorly, then kill it and screw you in the process or they may be less open to radical inventions altogether) you might consider a manufacturer who caters to niche markets, cycling aficionados and geeks, touring cyclists. I don't know, something like Paul Components comes to mind. There was another, run by a father and a son that I can't remember, they machine small accessories for bikes.

Adam