Do you know some early stage funds for developping a new encryptology tehnology for mobile phones ?

Question

This technology has dual applications (civilian & military). It is more secure than any existing one

Answer 1

Well, your best bet is to make your business plan, your sales pitch and your proposal and then take it to VC's in your area.

Lookup your local SCORE association (service corp of retired executives) and they would be able to help you network with your local businesses/lendors and VC's that may provide direction and insight.

Another great resource is to join in the VC "blog roll" by searching for VC's that blog and getting to know them. Participate in there threads, post comments and dig down into every link they have to discover there network and see if you can enhance your connections & possibilities.

Join linkedin.com, a network/relationship building website that can really bost your capabilities. Many states of Small business development Centers that help as well, so its really only up to how far you push yourself to making your project a reality.

Do remember though that many VC's consider the Security industry to be over populated. Estimates are that there are 800 companies competing in a market that should only have 400. How VC's come up with these numbers, i don't know but Brad Feld and other VC's who blog (dig through his connections for lots of blogs related to security) seem to think the security industry is in a consolidation phase and growth is vertical with existing market shares being consolidated.

Answer 2

There's three ways of raising money (aside from banks, etc.). One is people you know (circle of friends/family).

The second is venture capital. As a rule, VCs don't like to get involved for much under $2 million, because it's just not worth the effort to track the investment.

The third, and what you might want (depending on what you think you need for initial capital) is one or more Angel investment groups. "Angels" are individuals or groups of investors that generally contribute "small" (like $40,000) investments individually, when part of a group, or larger, if an individual, and work together to get you your under-million dollar (or under-two million dollar) funding.

Search online for angel capital or angel investment. I can't give you any links because they tend to prefer to invest near where they live, and I don't know where you live.

With both VCs and Angels, you don't have a whole lot of chances at presentation, so make sure you have a solid business plan of how you can make money with it, and get someone to help you develop it, if need be. If you're purely technical, you can contact a group and say "I have this cool thing" and that you need some help developing a plan. They might have someone you can talk to to evaluate it and help you develop it before presenting it to the group.

Good luck!