2007-09-22 13:52:01 · 6 answers · asked by emjay 5 in Business & Finance ➔ Investing
a patent costs around $10,000 so I really do need investors
2007-09-22 14:16:19 · update #1
In general, the earliest you get an investor, the less you will get for the invention.
For example, if you sell you idea before you invest any money on the invention, then, may be you may get a few thousand dollar. At this point of time, you are also not talking to a lot of people, because you dont have any protection for yourself.
You spend 2-4 thousand dollar and file a patent, then you can talk to a lot of people, because you already have a protection, can be more open with you discuss your idea. At this stage, because you hold the patent right (even this is not yet granted). This may be in the range of tens of thousand.
Towards the end of 12-months period, you have to review and decide whether you want to carry on the patent. If this is a good one, then one way or the other, get some money to continue with the patent process.
In the end, you have the patent granted but not proven in the market, may be the invention worth about half-a-million.
If you have the patent granted and also selling the product successfully, then you can look for investors or buyer for the patent. Then you are looking at a much higher number.
Of course, this is all the good side. Your invention may not sell, your patent is now well written, etc.
If you want to do it right, spend money to get professional to help you, like patent attorney. It is something like this, if you want to save money by not buying lottery ticket, you will not win.
2007-09-23 00:33:21 · answer #1 · answered by HK-boy 4 · 0⤊ 0⤋
You really don't need investors. You simply find a market for you invention after it's patented of course, and someone will contact you. Get a book on the subject, it's pretty interesting.
2007-09-22 14:05:30 · answer #2 · answered by pj m 7 · 0⤊ 1⤋
I have two new safety inventions that I need an investor for.
2014-07-14 07:34:05 · answer #3 · answered by Lonnie I 1 · 0⤊ 0⤋
Approach the businesses that would have a use for this invention once it is produced .
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2007-09-22 14:00:11 · answer #4 · answered by kate 7 · 1⤊ 0⤋
you need to patent it, or be okay with someone legally stealing your idea.
2016-05-21 02:29:35 · answer #5 · answered by ? 3 · 0⤊ 0⤋
Wal-Mart is hiring.
2007-09-22 19:57:06 · answer #6 · answered by Anonymous · 1⤊ 3⤋