How do I find investors/manufactures to help get my patent-pending idea to the shelf?

QUESTION:

I have a patent pending for an adult toy product.  This product is like nothing on the market today, and I see it being very successful. How do I find investors/manufactures to help get my patent-pending idea to the shelf?

ANSWER:

Naomi Kokubo

Naomi Kokubo

by Naomi Kokubo, Cofounder of Founders Space

I can only imagine what you mean by “adult” toy, but let’s not get distracted.  In order to get an investor to fund your operation or a manufacturer to license your invention, you need to prove to them that it will fly off the shelf.

Think of your product as the experiment and you are the scientist who must provide proof that it truly works.  You need to gather enough data to convince any potential investors or manufacturers that your product will make money for them.

The first step that I usually recommend for any new product is to do lots of usability and focus group testing.  In your case, I’m not sure what’s the best approach.  That said, you really need a working prototype that can be tested.

The data should include:

1)  What do people think of your product?

2)  Would they purchase it?

3)  How much would they purchase it for?

4)  How does it compare to similar products on the market?

5)  Would they recommend it to friends?

6)  What size is the overall market?

7)  What are the profit margins?

8)  Who are the distributors?

9)  How do you best market it?

10)  Can you point to any similar products which have done well?

etc.

You get the idea.   You need to gather as many relevant data points as possible and use them to either prove or disprove your hypothesis that this product will fly off the shelves.

You may also consider hiring a third party firm to help oversee the data collection and analysis.  Once you have overwhelmingly convincing data that this product is indeed all you think it’s cracked up to be, then you can start approaching manufacturers and investors.

When you begin looking for a manufacturer, target companies in your industry.  It’s very hard to get a response from someone manufacturing or selling an entirely different type of product.  Also, find out who invests in your sector and approach them.

I hope this helps!

Comments & Advice:
  1. Lonnie Ingram says:

    In need of an investor tohave my safety prototype built.

  2. Danny Gurule says:

    I am looking for an invester to help me get my patented idea to the market. I have two design patents on my product. I do have my business plan ready.

  3. kilisa wilson says:

    Hi l have invented a device that is compatible with every vehicle out there that will cut tire rotation and repair time to half or less in all weather conditions l need a investor to help with patenting my idea in exchange for 25% of all profits

  4. tyrone halbert says:

    New idea just like lonnie Johnson who want to invest

  5. hailu tedla says:

    I have a patent for a new type of ground surfing board. I am looking for a company that will license my patent or an investor.

  6. Syed says:

    I submitted my provisional patent application. My invention is natural herbs and oils to inhance sex performance. I am looking for investors to bring my products in the US market.

  7. I have a patent pending golf training aid .I’ve been golfing 22 years still can’t get rid of death grip (to much grip pressure) can’t find a product to help me. So I invented one unlike the other gadgets out there it really works I have a prototype need help

  8. I have a provisional patent. Safety Wrap Lights LLC. I have drawings that are designed for people to wrap around themselves to be seen by motorists or others. You can attach my safety wrap lights LLC to your children, bicycles, baby strollers, animals etc. So others can see you from a distance. Children, EMS workers, construction works that work at night or day in bad weather conditions. All in the hopes to save lives. The Safety Wrap lights are solar powered with LED lights.
    Different flexible seizes in various lengths to fit all seizes? The provisional patent was filed with the State Of Florida. I looking for manufacture or investors. It is sad to see hit and run drivers daily that run over people walking to get to work or home from school.

  9. doug christian says:

    I have a previsional patent pending on an attachment for blowing snow ausome idea need $4000 to upgrade to utility patent. Previsional expiers nov 14 2014 royalties negotiabel please call at 1 616 419 6568

  10. james donnelly says:

    I have provisional patent for interactive heavy punching bag that shows you where to move where to punch then rates performance for speed accuracy and power. Funding needed for prototype approximately 15,000 dollars . Then funding for first order when received I have boxed over 750 rounds with world champions and trained amateur fighters for 30 years. This product is affordable and will revolutionize the workout for the ameteur fighter and anyone wanting a first class physical workout also teaching hand eye coordination

  11. Mike gobble says:

    Seeking business partners to develope agricultural process with 25yr R&D

  12. Jake Ryan says:

    I have a Novelty / Gag invention. Prototype all made and ive been sitting on this thing for 20 yrs ! lol Did research and there is nothing out there like this. Whats my next step /

  13. Traci burkes says:

    I have barrel tile for roof made from a product that don’t crack or mold neither obsorb water Is there any ivesters or buyers that are interested please let me know I do have a patent pending

  14. Alex Choy says:

    Dear,
    I can help you!
    I am the founder of “Choy & Choy Trading Company” in Hong Kong, China and “深圳市伽利略亞智能科技貿易有限公司” (Shenzhen Galileoa Artificial Intelligence Technology and Trading CO. LTD) in Shenzhen, China.
    I have 20 years of experience in working on product development.
    I worked with customers who come from all over the world with their ideas, their design, their patent to put their final product into the market.
    More than 150 products have been put into the market during the last 20 years.
    The engineering feasibility studies will tell you if your patent will be valuable for the market.
    Hope to work with you!
    Alex Choy

  15. Alexander Andrews says:

    Hello I have a great baby product invention/idea. I’ve came up with the product problem and a solution. The baby market is huge and I can guarantee this product will fly off the shelves. People will also recommend this product to others. This guaranteed money can someone help please. My email is lexmoney88@Gmail.com

  16. i have made a car which is every thing free for life time and. it can give speed about 350kmph but without money i unable to making it so i want a invastor to make my car my no.+9177850100706 id.
    [gourav.3820@gmail.com

  17. Martin Tuffour says:

    I have a multimillion dollar inventions that will revolutionaries’ the mining industry. I just need a prototype and the rest will sell by itself.

    Contact me for details

  18. Sy Sussman says:

    I have patented a home freezer that looks like fine furniture. The market consists of 12M apartments. Survey Monkey repors a 32% positive response on a small sample.

  19. Ernesto Martinez says:

    Hi I have design & patent features for Smart Phones & tablets for the future to come.  Real simple design.  That your competitors & customers all around the world would love to have . I’m currently living in the Bay area thanks. Look forward to hearing from your company

    Sincerely Ernesto Martinez

  20. Ernesto Martinez says:

    Hi I have design & patent features for Smart Phones & tablets for the future to come.  Real simple design.  That your competitors & customers all around the world would love to have . I’m currently living in the Bay area thanks. Look forward to hearing from your company

    Sincerely Ernesto Martinez 702-809-8020

  21. Shimon Ozalbo says:

    We are looking to sell or licensing our patents for products we developed.

    Our organic products represent a wide range of applications for which we have formulated specifically targeted products.

    Below is a brief synopsis of each of these products:

    Organic Shampoo:
    Our plain organic shampoo is formulated to be gentle on the scalp and hair without any damaging chemicals.

    Dog Shampoo:
    Our organic dog shampoo is specifically formulated to be gentle on dogs, while killing fleas, ticks, lice, lice eggs and other parasites that may reside in a dog’s hair. It also sterilizes the pet and protects them from picking up lice again after being treated with our shampoo. Our shampoo grabs the parasites and their eggs and releases them from the dog’s hair.

    Cat Shampoo:
    Our organic cat shampoo is specifically formulated for use with cats, killing fleas, ticks, lice and other parasites that may reside in a cat’s hair.

    Shampoo for People:
    Formulated for people, this shampoo leaves hair clean, freshly scented and free from lice, fleas or ticks. Being an organic formula, it is also gentle on the scalp.

    Tapeworm Remover:
    We have formulated an organic product that can remove tapeworm, a well-known parasite.

    Fungus Remover:
    Our organic fungus remover cleans and removes all types of fungus.
    *Organic Fruit & Vegetable Antimicrobial Wash With Biodetergent.

    *OAC-2000 Organic Autoclave Cleaner & Sterilizer:
    is all natural, environmentally safe, bio-degradable, designed to clean and kill germs on all stainless steel surfaces.
    http://sdiorganic.wix.com/sdiorganic

    STONE CLEANERS

    Our organic stone cleaning products represent a wide range of applications for which we have formulated specifically targeted products.

    Below is a brief synopsis of each of these products:

    Polished Stone Cleaner:
    Our organic polished stone cleaner, cleans and protects all types of polished stone, including marble, quartz and granite, without causing any damage to the stone finish. This product can be used on floors, walls or counter-tops which demand extreme care.

    Honed Stone Cleaner:
    Our organic honed stone cleaner is formulated to clean honed stone without damaging the stone or affecting the stone’s color. This is ideal for areas where typically honed stone is used, such as kitchen counters and bathroom floors. This product can be used for any porous stone, which requires a cleaning product that excels in removing deeply embedded dirt, (also good for cleaning limestone for exterior building stone).

    Porcelain Cleaner:
    Our organic porcelain cleaner is formulated to clean all porcelain while not being an abrasive cleaning agent such as ordinary cleaning solutions would be. This product breaks down ground dirt to restore the porcelain surface to its original luster.

    Granite Cleaner:
    Our organic granite cleaner is formulated to clean flamed, honed and polished granite without damaging the stone or affecting the stone’s color. This is ideal for kitchen counters and bathroom floors.

    ORGANIC PEST CONTROL PRODUCTS

    Our organic pest control products represent a wide range of applications for which we have formulated specifically targeted products.

    Below is a brief synopsis of each of these products:

    Organic Pesticide:
    Our organic pesticide kills insects and other bugs such as spiders and other small household pests such as snakes, scorpions or small rodents.

    Pest Repellant:
    Our organic pest repellant wards off pests such as mice, rats, spiders, snakes, scorpions and other such pests. It will keep them away from your home.

    Bug Repellant:
    Our organic bug repellant keeps away those annoying mosquitoes, flies, fireflies and other insects. This product is ideal for camping trips where these types of bugs are frequently found.

    Bed Bug Killer:
    Our organically formulated bed bug killer kills bed bugs and their eggs without the use of any harsh chemicals.
    SDI Organic
    Shimon Ozalbo
    732-486-6090
    Toms River
    NJ U.S.A

  22. chris says:

    I invented the dock lock ineed investors to get the ball rolling ive made 3 proto types there is nothing out on the market today ive used it for the past 6years it work !!!!!!

  23. Shawn james says:

    I have developed a prototype of beach apparel that is very low cost to produce is very useable and from what market research I’ve done should produce quite a large profit margin whilst being very affordable to everyday consumers. I’m struggling with the business plans and know how as to launch the product to perspective investors or retailers. Would anyone guide me on my journey profit share is welcomed for the right assistance.

  24. Juan L. Escamilla says:

    I have a provisional patent awarded to me for a 2 level platform wire
    caddy with 1 or 2 sliding boards that will revolutionize the wire pulling
    process in the electrical industry. It will expedite the wire pulling process. It will eliminate the hardship and struggle of setting-up for the wire pulling process. It will drastically reduce or even elliminate
    possible injuries to an electrician while setting-up for the wire pulling process. The 2 level platform wire caddy can be made in 3 sizes, large, medium, and small. I have a functioning prototype that works to perfection (large size). I have done a patent search on the uspto
    website and found that my idea/invention does not exist out in the
    market. I even looked for my idea/invention on youtube, google, and on the internet and found to my relief that my idea/invention does not exist. I need an investor that is ready to make 100′s of millions of
    dollars on this idea. If interested call me @ 951-380-1865. My name
    is Juan L. Escamilla.

  25. LARRY G. says:

    I am in need of investor to get my patent. A unique vending machine ideal that is like no other out there. Only need an initial $2500.00, FOR 25% OF ALL PROFITS. GUARANTEE WILL SEE THIS MACHINE EVERYWHERE IN THE U.S. ONCE IT DONE. Will put you in contact with the Project Manager of the Marketing team I am working with. A huge opportunity with not that much risk. LOOKING FOR SERIOUS INVESTORS ONLY.

  26. John Ferraro says:

    Have a idea for a revolutionary new toilet design that will lead the way for the customer and service industry. Company have said I need a patient to sell them this idea. Serious investors please help.

  27. Elicia says:

    Hello I have a automotive idea I know everyone can use now on new an older model cars looking for a investor and manufacture this will fly off shelves and help reduce car acidient…lower car insurance over years!! contact me eliciasp15@gmail.com

  28. Al Ortiz says:

    Hello,
    I own my prototype product and looking for a manufacturer to license my product.
    I have drawings and a sell sheet and photos.
    I was at a patent pending status till my contract ran
    out. It is a revolutionary and innovative way to customize your taillights. It is a automotive assesory product. I feel that it would have a booming affect on on sales and consumers here and over seas would jump on this product.the products stylish and rich look speaks for itself .Please help.

  29. anwar essop says:

    Description
    I am interested in the manufacturing/royalty/function/fashion industry, mainly the army, hikers, back packers, school and your everyday day to day Joe, who use a back pack.

    I have designed and developed an accessory for back packs, whereby the strain/the load is taken away from the shoulders, the weight is distributed between the waist and legs.

    I require funding for the patent and thereafter i have targeted a few agencies, dealing with international brands, whereby we will get them to license the product out in different countries on a royalty basis.

    I believe that this will become a must for every individual who use a back pack, good marketing and advertising will see the product grow, quick and fast and once the market is aware of the product then chain stores, sports, surf stores, and every other store that carries back packs, will stock the product.

    The product is universal, which means that it will work on any back pack.

    Internet research have shown that fundis in the back pack and travel/hiking industries, giving tips on how to use a back pack, not to get neck, shoulder and back problems, sadly everything about their review and suggestions is not true, the only thing true about the suggestions is the pain.

    I say remove the pressure of the shoulder thereby you will eliminate all the neck, shoulder and back problems.
    I have the product, i need the capital for the patent and marketing/advertising of the product.

    Anwar
    South Africa
    0716796928

  30. Adam says:

    hi I am looking for a invester an someone with knowledge on how to get a patent on my idea ..I no a proven way to make the colour of smoke which you smoke change in to any color without chemicals. Any one interested please call me 07879790942 uk london

  31. Amber Peterson says:

    I have a working prototype for a device that has a provisional patent on it. I am looking for manufacturers or investors that may be interested in it. Have you ever had a bathtub or a Jacuzzi tub overflow? And if so, how many times? Was there water damage? And if so, was that damage covered under your home owners/renters insurance?

    If this little bit sparks your interest. Please contact me: Peterson.amber@outlook.com so we can discuss this further.

  32. Sabrina says:

    HELLO IM LOOKING FOR SOMEONE WHO CAN HELP ME GET AN PATENT, MANUFACTURER AND INVEST IN A PRODUCT. I HAVE A THAT IF U HAVE A CUT OR A BURN U DONT NEED TAPE ARE GAUGE TO COVER. I HAVE A MIRACLE PAD. E- MAIL ME IF INTERESTED ladysb28 @aol.com

  33. Inventex products says:

    We are young entrepreneurs and we have a product that bridges both the pet and outdoor recreation markets that we know will sell itself. We are looking for investors to get this great new product off the ground. Please visit our presentation @ slideshare.com/Inventexproducts Thank you.

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