I have this really great idea that I started with an invention company, but they wanted to market it before it was patented and I just did not feel right doing that. From research, I know that it will take anywhere from 25,000 to 30,000 to get this off the ground and I need to know how to get investors. Ones who can invest and receive a 100% profit in return.
2006-07-10 17:19:35 · 4 answers · asked by queenbee 1 in Business & Finance ➔ Investing
The Capital range you are talking about is perfect for the Small Business Administration loans to help you with. You do need a good business plan. Go to S.C.O.R.E. a division of the SBA. Retired business people themselves they'll help you write a plan. The better your pitch the more money/likely you will get the money you need and succeed.
2006-07-10 17:58:33 · answer #1 · answered by Chris h 2 · 2⤊ 0⤋
To protect an original invention OR a significant improvement to an existing product, a patent would be filed. Here's the USPTO's definition: http://www.uspto.gov/web/offices/pac/doc/general/index.html#patent
NOLO is a great, free informational site. Also, be sure to read what else the USPTO (United States Patent & Trademark Office) has to say about patents.
Associations may be a good avenue to explore as well. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.
Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:
Patents:
* Patent It Yourself (11th Edition) by David Pressman
* Patents and How to Get One : A Practical Handbook by U.S. Department of Commerce
* How To Make Patent Drawings Yourself: A Patent It Yourself Companion by Jack Lo
* The Inventor's Notebook: A Patent It Yourself Companion by Fred E. Grissom
What to do Next:
* From Patent To Profit: Secrets & Strategies For The Successful Inventor, Third Edition by Bob Dematteis
* How to License Your Million Dollar Idea: Everything You Need To Know To Turn a Simple Idea into a Million Dollar Payday, 2nd Edition by Harvey Reese
* The Inventor's Bible: How to Market and License Your Brilliant Ideas by Ronald Louis Docie
* The Complete Idiot's Guide ® to Cashing in On Your Inventions by Richard Levy
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that helps! I wish you much success & happiness in all your ventures!
2006-07-11 03:54:08 · answer #2 · answered by TM Express™ 7 · 0⤊ 0⤋
Write a complete and well research documented business plan. I wrote one and got $10 Million from an offshore vernture capitalist.
2006-07-10 17:50:23 · answer #3 · answered by jimmybrucehiggins 2 · 0⤊ 0⤋
I guess you must make a presentation and share the idea with investment companies / merchant bankers who will probably put you on into with some consultants. Consultants can take your case ahead with some entrepreneurs.
2006-07-10 17:24:47 · answer #4 · answered by raajz 2 · 0⤊ 0⤋