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!

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Comments & Advice:
  1. alexander agung says:

    I need investor for help me realize how to make Green Agriculture, Art and Traditional Culture of Java, Traveling and Education in Jogjakarta City, Indonesia. This investment needs about USD.30Million, and will return into 5 years Returns on Capital. Thank you.

  2. Theresa says:

    Dear Customer,

    I am an investor and I am a private Loan lender. get back to me via email:
    theresalawrence18@gmail.com

    Sincerely.

    Mrs. Theresa Lawrence

  3. Bikram Thapa says:

    Nice Article. Like it.

  4. Toby Smith says:

    Hello. To whomever reads this.

    My name is Toby Smith, I know how to knock out the next generation of electronic tabacco product.
    I have an idea for a simmular acting product of an electronic ciggertt. Please any sponsorship help would awsome and greatly appreciated. Please help someone!! Let’s nake a frew MILLION DOLLARS.

    Thank you
    Toby Smith.

  5. ftp-of says:

    theresalawrence18@gmail.com

    That e-mail already reported for scam. Please do not anseer her or his e-maills and report : fraud@companieshouse.gov.uk

  6. kawsu says:

    In the name of God, the beneficient, the merciful.

    I am kawsu, I have a, I think, a brillant idea about 2 products that when invented would contribute in making data more secure from viruses and prevent computers from viruses spread.

    I am a CCNA Student amd i want to major in security and my thinking is always influence my security.

    I need help to sell this idea to any company in the business of computer accessories manufacturing.
    kind regards
    kawsu

  7. Steve says:

    I have an idea for an induction motor for vehicles that has nothing to do whatsoever with the Stuttgart team who have thought about induction from the road to charge a car’s battery and which would involve huge infrastructure investment. Unfortunately as with many inventors, I have no funds to create a prototype. This invention could be sold to car manufacturers or to oil companies to keep it off the market. Anyone interested ?

  8. Tay Bastean says:

    I have a housing plan buying off old structured houses in a renoud city in my country and turning it into tall structured houses that can accommodate more people and doubling income in the years to come.real estate developers investment.this city is where our main habour is located so it has a high state of living.i need investors from around the world. Bastean Tay GHANA(WEST AFRICA)

  9. Patents says:

    IDEA’s are properly guided at our office. contact – blipsarun@gmail.com

  10. Gene Zenner says:

    I need an investor to help me get my patented prototype to market. This is a one of a kind product that has enormous potential because of the variety of themes it can cover! I call it “The Buddy Cooler”. It can be made for football, baseball, basketball, soccer, NASCAR and so many more! Please contact me anytime if you can help and I will send pics of our prototype. Thank you!

  11. Hafiz Al Ashad chowdhury says:

    Dare Sir,
    Now air pollution is burning issue in the world. Many environmental organization research about this issue. Against air pollution. Still no effective & economy solution implemented. In this important context our organization Ecotec bd make a Air treatment plant. It can destroy any kind of industrial air pollution with a minimum cost. It is vary effective & economy plant. Now we need to implement.Now we search a organization who can support us about Financing & Marketing I think our Air treatment plant can radical change our environment. We hopeful about good partner.
    Regard by
    Hafiz Al Ashad chowdhury
    Managing director
    Ecotec bd
    +01761756110

  12. Eric McNair says:

    I have an idea that can be used to create electricity to charge your car? Electric cars will become more popular as time goes on? You can use it as back up power if main power goes off line to keep power to a room? You can take it to a camp site to use electric devices while there. Many other uses for it, left to the imagination? It also will help you maintain/improve your health. An exercise place/gym could buy a lot of them and have customers supply power to the building? It will have AC/DC power capability. It is portable enough to move by one person. I am seeking a buyer or investor for this product. It still needs to be fully developed and manufactured.I have a Prelim Patent filed already for this product. Contact me. eric_mcnr@Yahoo.com or
    Eric at 619-398-7082

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