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. Tyger Anthony says:

    I was in the Olympia, Lacy area for 7k. In that time I became a member of the OlyMega maker’s space. Now there are a few members w a few patents and they paid little or next to nothing for the payback market research

  2. Tyger Anthony says:

    Autocorrect is awful. I apologize,but as I was saying, these guys did it almost completely DIY from design to patent search to market research etc. Yes, it was a 2nd job & still took some time but all in all from what I gathered is that it took them less time with less expenditure. Now understand that they had dedicated themselves w strict commitment, but if you don’t have a lot of cash to invest & you are devoted, chances are you have time to invest. OlyMega maker’s space in Olympia, Washington.

  3. Rabah says:

    for months ago i decided to establish a small project as owner business but this costs me more then i can affored this is why i need a partner to do it together. domain agriculture. country algeria.

  4. john w says:

    would like to get help n sellin my patent pleae repond its ware you let windows up and down from any from ure vecihle in house are outside pretty much anyware

  5. John Emrick says:

    I do have an invention idea that has the potential to go global.I have no money.I’m on disability.But I stake everything I don’t have on it.Give me 3 minutes to pitch you and you will fight to invest

  6. I’m an 80 year old prostate cancer survivor in excellent health. I have designed a simple device to be used after getting up in the morning when you have a stiff aching back from lying in the same position for a period of time. “All I can say it works!” See my website: http://www.spacealienfitness.com or http://backpainaid.net
    The reason for the name for the web address is due to a U. S. Army Medical Experiment I participated in back in June of l954. I viewed pictures of exercise equipment removed from a crashed UFO, along with other items. My current physical condition can be attributed to that experiment. Anyone interested, my contact tele: 541-660-5221 and my address is 1630 Williams HWY#368, Grants Pass, OR. 97527 –

  7. Mohammed Fairoz says:

    How to find investors for a very new concept of profitable business idea leaving my mail id mdfairoz77@gmail.com

  8. I came up in my head robot window cleaning u program it to clean windows,

  9. Berris-Dale Joseph says:

    Dear funding person or source out there:

    I desperately need funds to get my patent pending idea in front of investors and a game I made a prototype for, to be patented and marketed. I know that where there is a will there must be a way.

    May the Lord whom I seek to serve in my writing and in my playing the harmonica, help me find someone, some source to help me.

    I truly need this help, for if I get help with one of these great invention ideas it will pave the way for the others.

    The world, beginning with our great nation can wait no longer for these items to be implemented to our collective benefit.

    Help me please. I thank you kindly. And may God bless and prosper you in every good way.

    Sincerely,

    Berris-Dale Joseph

  10. I have an idea for paint manufacturers that will sway the decision of any homeowner to use their product versus the others it is an absolute industry changing idea I need an investor to go all in with me from ground zero

  11. Michael Hicks says:

    I have an idea about an invention I have started the process but don’t have the money to go any further I have a prototype made just need some investor I will sell 5% for for $2500 if anyone is interested this will be life changing for all of us and very profitable thank you

  12. I’m looking for an investor or a loan to start house building for sale

  13. Lea Gysin says:

    We help people for life investor, if you need help please contact us with this email ( helpinghandsfinance@outlook.com )

  14. Roland Gibson says:

    I am a 58 year old man.i have the best idea ever. It has to do wit h insurance. Its kinda like triple- A. I know this is a for sure business. As we look at global warming. I have been in the construction business all my life. Investors. .please contact me. This program will set ower children and grandchildren up for life!! We need to do this together. Please email me or call if in portland or. 971-373-1070 Thanks

  15. Roland Gibson says:

    This is Roland. I forgot to say. This is not a game or anything like that. This is something the whole country needs. From young to old. Every home and business. . I just wanted to put that out their. .THANKS A LOT

  16. Greg says:

    Plz looking for serious investors looking to make some serious money. I have a great invention ideaa i have all kinds of people from invention companys that ive researched and trust tell me it has the potential to make millions and go global theirs nothing like it out there. I have put a few thousand into the process i dnt have money to go any further i have companys that had big important meetings with patent attorneys manufacturers designers ect. This is serious buisness this is not a joke please if your interested in investing in me and my invention and make a great return and maby work out a deal with a percentage of the product please reply and email me asap at gregg.1987@yahoo.com thanks Greg

  17. done ahmadieh says:

    I need about 300000$ to finish my newest app so can anyone help for 10% of the project

  18. Jamel says:

    Hello
    I saw your ad on the http://www.foundersspace.com/ site
    I’m Jamel Daouadi, private investor in France wishing to propose a funding plan. I opted for the financing of projects with the intention of financially support all seriouspeople with projects. I can therefore give you the necessary for the realization of your projects (if you have) and monitor the realization with you until term. If you are looking for then an investor or financing any for your goals, do not hesitate to introduce me your projects and give me more information about you.
    email: jameldaouadi01@gmail.com

    Kind regards

  19. Donyenn Stewart says:

    Looking for an investor for my idea my idea will have a Huge impact on a very large industry. Please contact me via Email msdonyenn1@yahoo.com

  20. Johnny says:

    I have a idea that will make the world green very fast. It’s a machine that produces more energy than it uses. I am willing to disclose this idea to a investor but when he sees that it works I want a commitment that we will take this idea world wide. This idea is for the big boys who have the means to make this happen. I live in south Africa so fly here let’s talk. Elon musk would be my first choice. I would donate a large amount of the profits to space x. I want to help start a colony in Mars. I am not from this planet I want to go home.

  21. Jun Jin says:

    Hello ,

    I am Jun Jin am willing venture into profitable business with you also willing to deal with you in trust and confidence.

    I have equity capital in my custody for profitable investment.

    To proceed, let me have your business plan/proposals ( junjinxxxx @ g m a i l . c o m )

    My details
    Name: JUN JIN
    HONG KONG INTERNATIONAL FINANCIAL SERVICES LIMITED
    23RD FLOOR, ARION COMMERCIAL CENTRE,
    2-12 QUEEN’S ROAD WEST, HONG KONG.

  22. Myriam Pellissier says:

    Quick solutions for all your financial problems

    Hello,

    I am a business intermediary (myriampellissier@hotmail.com), my role is to bring all profitable project developers regardless of the industry with potential investors or lenders to earn commissions from investors. If you need a loan to deal with a financial problem, I am available to connect you to a reliable lender that you can meet immediately. The condition is that you must be honest and able to repay your debts within the agreed period.

    Contact: myriampellissier@hotmail.com

    Cordially

    Myriam Pellissier

  23. Raffle says:

    Looking for technology / invention !

    If you’ve any new invention or prototype but seeking for funders . Our company is definitely the right enterprise you should liaise with . We’re one of the largest Intellectual Property company in China , with massive of connection with big enterprises , government organization who keen seeking for technology,invention etc. Feel free to drop me an email for more information .

    rafflechan@wtoip.com

  24. John antoine says:

    I have an idea invention and vie did some research on it contacted a few invention company’s and 1 inpiticular did a search and informed me that its nothing like it and have the paper work just don’t have the funds I work at a college and trying to find a way to fun my new idea I think kids will love this I got info from united state patent office Washington and they love my ideas also if anyone can guide me don’t hesitate to contact me at gobba1967@Gmail.com thanks

  25. Richard Briano says:

    I have several idea’s the one that I’m passionate about is being able to stop a car sliding on ice, and a new spike strip for use in law in for cement, and a way to put in a new trash bag in the can without sticking your hands in the bag, these at just a few of my ideas.I just want someone to hear me out .

  26. David Salakowski says:

    Hello, I am Dave. I am in need of a serious investor to get my idea patented so I/we can sell it to the world. It will need serious protection as it will revolutionise a major industry on a global sale. It is implementing already existing and proven technology, modified in its application and used in a unique way to make obsolete a major global industry. I am in Australia. Any serious potential investor can email me about a face to face. Once this application is realised by the applicable industry, it will be a fight over who gets to buy the patent and own that world market!

  27. I need a funder who can fund my project so that I can work with the corporation

  28. Rakatsinyane Teboho says:

    I need and investor who can invest on my project and I got an a great idea I’m from South Africa u can contact me at 0780937863 or Email me at Katsinyaneteboho@gmail.com

  29. Mamun Khan says:

    This is mamun. I am 25 years old & still student. I am planning to start a live stock business in my arena. I have full profe plan need financial support.

    I will be greatfull towards him/ her if anyone help me to start my small business.
    my email: saymrkhan@gmail.com

  30. Ralph Ivy says:

    I have a great, unique idea for a new dating service. This is out of the box idea

  31. BAUBION says:

    Hello
    My name is Daniel BAUBION; Private investor in France age of 64 years. I opted for the financing of projects with the intention of helping all people with serious projects. You want to finalize a project, be to your own account, buy a stock in trade, open your own business, expand your business, buy a House, land or a domain for an agricultural project, resume or buy a farm to raise your activities or simply to make a trade, but unfortunately, you have not bank’s support. Here is the opportunity to benefit of a sudden boost to realize your projects. If you are then looking for funding or an investor to achieve your goals, feel free to let me know. Here’s my email: daniel.baubion1953@hotmail.com

  32. Mr Harold Saltzman says:

    I am Harold Saltzman,i want to invest in your business in good faith I have equity capital for profitable investment get back to me on saltzman_harold@saintly.com

  33. Aloke lohia says:

    I saw your missive on our Monthly investor’s web page this morning. do you have a ready business synopsis for this project that i can see, or do you have a business available? I am interested in the opportunity to partner with you promptly.

    Kindly send a more comprehensive detail and your project plan.

    I look forward to hearing back from you soon.

    Regards.

    – Aloke Lohia, (PhD)
    Indorama Ventures PCL,
    75/102 Ocean Tower 2, 37th Floor,
    Sukhumvit Soi 19,Bangkok 10110
    Thailand
    Tel: +66-92987-5140
    Fax: +66-2661-6664

  34. Mohit Chhabra says:

    Hello
    I have an idea related to new phone application and start a new business, but i do not have money to spend on it. i need an investor, how could i get one, even i do not have money to make my idea patent. If the Investor like my idea, i want to start business with him.
    Thank you
    MOhit Chhabra

  35. Floyd Vanderford says:

    Great advice, this was very helpful… I am ready to get a provisional patent and I can prove my idea works. It will effect a huge industry., but I am concerned about bringing in an investor.. I offered 10% of the company if he would pay for the patent fees, ( about 40,000). He offered 900,000 for half the company.. I don’t think I should sell out. Can anyone advise me? Fvanderford@yahoo.com

  36. KENNETH W Tolston says:

    I have been working on my idea for almost2 years.However without someone to help me finanancialy I cannot succed.My idea consists of a Pool game of the future.(billards).This idea will change the way we play now.I just personally need someone to help support me.THANKYOU

  37. Mohamed Shawky says:

    We help people for life investor, if you need help please contact us with this email (MagedMohamedShawky@mail.com)

  38. GUPTA SAT PARKASH says:

    Dear Dr. Aloke Lohia

    Global Warming

    2G Greenhouse invention comprises greenhouse for cost effective food production for providing food security at affordable cost to the burgeoning population and much more.

    i) In one aspect, the present invention helps reducing Global warming by preventing the greenhouse carbon dioxide from being released into the atmosphere by capturing, compressing, dehumidifying, storing and utilizing the greenhouse carbon dioxide for enrichment during sunlight hours for optimizing the productivity and maintaining greenhouse carbon content at a defined carbon dioxide content point.

    ii)In another aspect the present invention further reduces global warming by minimizing use of fossil fuel for greenhouses supplementary hearing in cold locations and Electric power for supplementary cooling in hot locations by providing:

    ia) a very low cost earth tube heat exchanger to condition cooler greenhouse air to warmer temperatures in cold locations and warmer greenhouse air to cooler temperatures in hot locations maintaining greenhouses air temperature equal to the thermal constant temperature of the location.

    ib) a bio-thermal energy harnessing automated equipment for further supplementary heating after in cold locations, the earth tube heat exchanger has maintained the greenhouse air temperature equal to the thermal constant temperature of the location and for numerous other needs.

    ic) the 0 to 100% roll-on-close and roll-off-open automated thermal cum shading curtains on the greenhouse ceiling and on the four internal sides, which minimizes greenhouse supplementary heating and cooling cost in cold and hot locations and which provides efficient photo period control.

    IPO New Zealand and SIPO China have Granted Certificate of Grant Letters Patent and South Africa had Granted Notice of Acceptance on 30.10.2015 which was published on 27.01.2016. However Certificate of Grant Letters Patent is pending due to relocation of patent files.

    2G greenhouse comprises facilities comprising of the solutions of almost all the problems which the existing prior art (1G) greenhouse are suffering. These facilities can be retrofitted in 1G greenhouses so that cost effective food production can also be realized therein.

    2G greenhouse invention comprises multiple inventions like:

    i) Provides the unique method for maintaining greenhouse air relative humidity at a defined set point independently of and simultaneously with the greenhouse air temperature defined set point.

    ii) Increasing intensity of sunlight and, or of artificial lighting, and producing red, blue, ultraviolet light in defined proportions.

    iii) Mechanizing and optimizing air circulation around the plants which facilitates much higher plant density.

    iv) Switching-off an irrigation and, or fertigation event on 1st few drops of drained off leach ate

    v) Obviating horizontal and, or vertical gradients by controlling and maintaining at all the vertical and horizontal location in the greenhouse

    a) uniform air relative humidity at a defined relative humidity point.

    b) uniform air temperature at a defined temperature point

    vi) Obviating need of horizontal air fans and there by saving their capital and operating cost.

    vii) Facilitating plant root zone aeration and maintaining plant root zone temperature at a defined temperature point which optimizes uptake of nutrients by the plants.
    viii) Providing oxygen rich environment during dark hours to rejuvenate health of the plants and to maximize plants’ tolerance to diseases and the like facilitating low cost biological pest control.

    ix) Facilitating carbon dioxide enrichment during sunlight hours in hot locations.

    x) Obviating Gutters in multi span structured greenhouses together with all gutters’ related problems.

    xi) Maintaining greenhouse cover film exterior surfaces free from dust and or dirt and efficient fire fighting system.

    xii) Providing a more economically viable greenhouse by selling the carbon credits which are not used because the greenhouse carbon dioxide is prevented from being released into the atmosphere.

    xiii) Activating and using activated nutrients solutions in drip and in foliar dosing (fogger manifold) which substantially reduces operational use and input cost of nutrients, enhances their use efficiency, and eliminates the cost associated with leaching. Diammonium phosphate activated solution foliar dosing during transplanting or seed drilling.

    xiv) Melting snow on the exterior surfaces of the greenhouse cover film.

    xv) Achieving all the benefits of a tall greenhouse in a shorter greenhouse leading to a much more economically viable greenhouse with greater energy efficiency and reduced capital and operating cost.

    xvi) Obviating need of repeated greenhouse warm air exchange with atmospheric cold air for maintaining carbon dioxide and oxygen balance in the greenhouse during winters, rain and snow storms when the greenhouses are maintained closed. Thus substantially reducing the associated thermal energy cost for heating the exchanged atmospheric cold air.

    xvii) Preventing escape into the atmosphere of the stored carbon dioxide and, of the additional carbon dioxide released at the cultivation level for enrichment during sunlight hours, which is readily taken up by the plants. This reduces the cost of carbon dioxide which could have escaped into the atmosphere and could have also increased global warming.

    Some aspects of 2G greenhouse invention are also very beneficial for other applications like:

    a) elimination of gutters in the multispan structures for various applications and needs saving substantial cost of the structures.

    b) a low cost earth tube heat exchanger for use in industrial installations, cold storages, multiplexes, hotels, malls, commercial and residential complexes, zoological parks’, stud farms cow’s or buffalo’s sheds, godowns, and the like (Premises) saving substantial heating or cooling cost.

    c) the Bio-thermal energy harnessing automated equipment for heating of the premises in cold locations.

    A 1250 m2 greenhouse has already been constructed wherein some facilities are being installed so that the interested parties can realize the real time benefits. Video would be available during next 2-4 months. Kindly maintain contact with Facebook.

    Meanwhile, kindly advise your comments and interest.

    S P Gupta, Chandigarh, India, prabhabioparks@gmail.com

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