How do I find an investor to fund turning my idea into a patent?

QUESTION:

I have submitted a patent idea to a company, and they need $1,200 to do the patent search, design, and study group before looking for a buyer.  I have no money available, as I have just started a new job.  I would like to know if there any investors that would be willing to take a chance with me, or if you have any help for me to move forward.  Thank you very much.

ANSWER:

Naomi Kokubo

Naomi Kokubo

by Naomi Kokubo, Cofounder of Founders Space

This is a good question, and I’ll do my best to answer it.  First of all, your idea probably isn’t worth anything until you are granted the actual patent, and that takes years and usually costs thousands of dollars for the legal work (unless you can do it yourself).

Any company that is promising to sell your idea for $1,200 is probably a scam.  Very few individuals or corporations will buy an idea, provisional or pending patent, and if they do, it’s usually not for a lot of money. Most individuals and companies buy patents once they are granted.  That’s when they become valuable.

Before you spend $1,200 to have this company do the patent search, design, and study group, please do  your homework on them.  Check references.  Find out exactly how many patents they’ve sold, for what amount, and how the entire process works.  Also find out what additional money you’ll need to spend and what happens if your patent idea does not sell.

You can file a provisional patent on your own for less than $1,200, and this gives you a year to file an actual patent.  Again, I wouldn’t waste my money and time unless you’re prepared to go all the way, and that’s expensive.

On another note, it’s hard to find people who are willing to invest in patents.  Most investors are looking to invest in startups that have a much larger upside than an individual patent.  Unless you have a very unique discovery that will have a huge impact on a large industry, the chance of finding an investor or buyer for your idea is slim.

If you want help connecting with investors and getting feedback, I recommend coming to one of our Founders Roundtables.  We’ll connect you with other entrepreneurs, who are going through the same thing, as well as lawyers and investors, who can provide valuable advice.

I hope what I wrote above helps a little!

Comments & Advice:
  1. Denise says:

    There are a number of ways you can do this, you can present your ideas to a crowdfunding website, go to your local council and apply for a grant or go to angel investor websites.

    Good luck!

  2. Sanjay Singh says:

    Hi,
    I am individual, have ideas which can generate lots of money.

    I have a good idea on campaign/feedback system for any field, which will help organizations to find the root cause of issues like employee leaving offices, politicians loosing election etc.

    The same concept can be used for product campaigns to the mass.

    I need investment for the same, I have done lots of market research and I am confident to make it big.

  3. I have a plan for a new market for my athletic clothing line. I need an investor to get started, but I have the drawings and logo. The name will attract people of all ages and I would like to donate 5% of all profit to the veterans. My number is 412-680-1714. I am trying to get my life together after years of deppression, anxiety, and bipolar. It is not a large investment, to get started. Thank You.

  4. James aubert says:

    I don’t have the money to start .my patent I haven’t started but I can’t afford to finish it I’m looking for an investor this is a win-win situation looking for an investor and willing to share in the profit I have a prototype so I know it works and the market is every house so if you’re interested please contact me I would like to be on Walmart shelves soon my number is 541-270-0955 my name is Jim

  5. Doreese Hughes says:

    I’m looking for an investors who can help me invest and marketing my invention I have already design my product I have pictures, illustrations, protaltypes I will pay you back the your funds plus a small percentage of my royalties! Please this is a very good investment if you need more details call me at 3179701778

  6. Dear
    Hello
    Please note that my words are being backed up is a sure-to-date Pemberton( coca cola), I have many highly innovative intangible assets. I have prepared until sample production stage them, they are natural combination flavors with proprietary and exclusive taste , Used in, juices, soft drinks, natural and synthetic, wines, chewing gum, chocolate, candy and
    Ice cream and other non-communicable disease prevention and control properties
    Such as premature aging, impotence, chronic fatigue, stress, weight loss, loss of memory, I would need to investment ideas. They are preparing in the obtaining patent stage but it is not for me any capital to continue, I need to financiers who support me to achieve profitability.
    I’m prepared to apply most parts of the world for these industries to implement projects relations
    It is now my first choice is Mysore city that are rather low production costs in the other, these supports include the following steps:
    I have very special conditions
    1-I am living in Iran and here is not a good grow place for me,
    2. I have considerable intangible assets, and not grounds for entrepreneurship in Iran
    3. I would need to good working conditions such as: culture, science, technology, Management and Finance) good working groups for I could my innovations to good entrepreneurship to become profitable and beneficial for the health of the global community.
    4. I have not the capital for startup them.
    5. I do not understand by the Iranian investors; I do not support by the Iranian government, this is while I’m a lot of intangible assets like a streak not mining diamonds. I hope to could transfer my own terms. I have attached for you a sample of my business plan.
    6- My question is whether your funder could support for to flourish outside my country? If there is such ,I am waiting your suggestions.I would be grateful if would you give clear answer me.
    Best regards,
    Ali

  7. Daniel Reim Abiazah says:

    Hi, my name is Daniel and I’m from Papua New Guinea. I am looking for an investor to fund a project that will generate alot of income. My idea is to creat a Habour and the hotel were Tourists and millions can use. Any investor interested, please to contact me through my email or my Mobile number.
    zraydanny08@gmail.com
    (+675)73253583/70563683.

  8. Reece bailey says:

    Hi I have no money to pay for my brilliant invention witch will getting made in pencil vania America need a lump sum to get the ball falling I’m willing to offer 20 % of sales witch is set to make millions let’s descuse ova a face to face meeting 0456308533

  9. jon dixon says:

    I am looking for a funding partner. The proceeds will directly pay for patents in other countries. My technology was not invented in the university system like many others. Therefore I have to pick and choose which countries that I will file for a patent. I believe the ROI will be almost immediate. My goal is for world domination in my industry not just the U.S.
    Interested? more details are available upon request.

    Jon

  10. Martin cruz says:

    I have a no bark biodegradable idea that doesn’t not shock your dog no patent just the idea where can I sell it

  11. Adam Mcchesney says:

    Hi I have a plumbing and heating idear that would improve every instulation making safer work places and save time and save wasting matirals and benefit all other trades on site if you are interested in finding out more have drawings and some mock up prototypes my phone number is uk 07969610232

  12. Joe raison says:

    Hi my name is Joe raison.I have an awesome invention, I have submitted my invention to invent help but I just don’t have the money that they are asking..my invention has to do with music which is a giant sales opportunity looking for an investor to sit down with and have a face-to-face conversation with I live in South Texas Rockport Texas to be precise if there’s anyone out there willing to help or at least have a conversation with me please email me at monkeyraison12@gmail.com

  13. Curtis says:

    Hello! My name is Curtis! I am an investor and would love to hear your ideas and fund them! Please email me at

    curtieman@telus.net

    Hope to hear from you soon!

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