How can I get a liscensing deal for my invention?

Question

I have a highly favorable analysis on my invention. Just 9 points short out of 107 of getting a liscensing deal with a company out of Minneapolis. Since only 2 percent of inventions make money for the inventor, they don't want to assume the risk unless I have at least 96 points. I don't have the money to put up front for the patent search, etc. My product is deemed superior to others on the market. Thank you in advance for your help.

Answer 1

having a superior product does not mean that it is patentable.
you "must" conduct a patent search, produce design and operation specification documents, pay for and apply for a patent, before most companies will be willing to talk to you about buying or producing such a product.

Answer 2

You need a partner to front you the money you need, or you need to convince a patent lawyer/law firm to do the work either on a contingency basis or on some other basis that you can afford to undertake.

I bet that you could convince a patent lawyer to defer his or her attorney's fees, but you would still have to cover any costs. They almost certainly will not front any out-of-pocket costs unless they are absolutely convinced that you have a money maker.

If you are near any prestigious research universities like Cal Berkeley, Stanford, Michigan, Case Western Reserve University, or MIT, then you should inquire about the existence of individuals and/or organizations who would be willing to help you.

Good luck.