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I had conceptualized a better bike that can runat high speed with the least effort. I need help to create a protoype of the bike in terms of technology and a little financial support and to turn the concept into business. Thank you

2006-08-22 14:12:10 · 2 answers · asked by rolando s 1 in Business & Finance Investing

2 answers

The main hurdle is that you do need money to get started. If I were doing this I would budget (and look for) $20,000.

You'll need to build a prototype. A cousin of mine worked at a fabricating plant, and did this exact same thing a few years ago. I got to ride the bike, which was great. But if you don't have a cousin working at a fabricating plant, you'll need to pay somebody to do it. I don't have a reliable cost estimate, but I would guess it might be in the $5,000 range. Be sure to obtain a signed confidentiality agreement. And try to get estimates for manufacturing cost.

Next step, assuming the prototype looks good, is to get a patent. That will generally cost $2,000 - $5,000. The patent attorney will do a search to see if your idea is novel and non-obvious.

Once the patent is filed, it can take a couple of years actually to get it issued. If you are willing to risk the possibility of your not actually getting the patent, then head to some trade fairs. Unless you find somebody with really big bucks, you won't want to take on manufacturing and marketing yourself, so you can try to sell it to somebody who already does these things. So you will also need time off from work and a budget for travel.

It's not easy but it can be done. Best of success.

2006-08-23 05:14:41 · answer #1 · answered by Thinker 5 · 0 0

My dream of bike is something almost effortless when paddling, safe speed is important, but not neckbreaking speed, with tools compartment, even enough for spare tire, and bigger seat so my **** will not sore from long travelling. Now you do that, I'll buy it. Good Luck.

2006-08-22 21:21:46 · answer #2 · answered by Kolibri 2 · 0 0

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