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. Dipanshu Tiwari says:

    I have an Idea for making a social networking website that can kill facebook.I have designed my website but i do not have sufficient funding for running it.
    If anyone want to invest in this idea that contect me:- dipanshutiwari00@gmail.com
    I will give partnersip.

  2. alireza faghforian says:

    Hello , I need investor for one hundred thousand for an idea product that can make millions $ . It is a serious program.

  3. David Banki says:

    I got a real good idea, and it works, I have already built one, That’s not the problem I don’t have that kind of money for a patent or market and license. I am looking for someone that has the money to invest in a patent, I will give them a GOOD % .to run with the ball. I am not rich I wont to get rich. I made a fishing Lure that will go to the right or to the left 45 degree or will dive or go straight, I went to fish stores, and ask if there was anything like that they said no and if there was it is worth millions. I did not tell or show them or anything, I gust need help

  4. David Banki says:

    Help me if you can. David

  5. Lucy Acuna says:

    Hi I have several ideas that I have thought of throughout my years, but have never been able to so anything but think of them. So I’am hoping that you can change all of that for me. My idea is something to save the environment and your family.I do not even know the first think to get started, but I’am ready to learn and I believe it was meant to be. Please give me a chance and a dream come true. I know if you give me the funding and the knowledge I need you will not be disappointed. I hope that you can believe in me as much as I do. i promise I will dedicate myself to this until we reach success which would be inevitable. Thank you for your time and consideration. Lucy Acuna

  6. ali says:

    I need invister for our business.my business technical services company.25% for three months profit.

  7. Cody says:

    Hi there, my name is Cody and I am currently attending college. I recently came up with an idea that I think could be really good and sold in several different ways. As I would like to keep it a secret until I can find someone looking to invest me I will say that if it goes through, it will not only be able to be sold to adults, but kids as well. It will work for boy males and females. Cody.drafke@yahoo.com is my email. feel free to shoot me a message if you’d like to talk

  8. Arlene Grasley says:

    I am looking for someone to buy my idea for a multi functional coat. It can be a fall winter spring coat all combined into one or it can be unlayered as the climate allows for individual coats that can seperate or combine into one. I DONT have the money to do this myself. Im looking to sell the idea outright or for a percentage of royalities. Someone else can do the coat themselves I just want to live the rest of my life not worrying where my next meal will come from. Or if ill have a place to lay my head at night

  9. I have lot of invention idea. Some is general n some r advance idea I want a sponsor who spend on mine idea it a great invention I dnt have a money to patent mine idea or anyone who sponsor me pls contact me on mine gmail:ankushchaudhary794@gmail.com

  10. Mr. Scott says:

    I have an idea that could change the way we live everyday life ? Only in need of the funds to start up idea from investor. Land partnership also.

  11. Appiagyei Mercy says:

    hi, am a level 300 student at a University I wont disclose now. the school has a big peace of land which wuld be useful if a creche was bult there. am a mother of three and the youngest is barely 6 months, believe me its a problem for we the mothers to find a place to keep our kids till lectures are over.

    its an idea which will be profitable for any investor. because the most expensive school you can find in Ghana is creche. since we do not use nannies here the best obtion for all working mothers the creche.
    Thank you,

  12. bob angelo says:

    Need help funding an idea about christmas,my idea is loved by the people involed in the patent prosess.Please e-mail me about details.

  13. Ken Paolini says:

    I have patented product and need help from investors. It’s a multi purpose yard tool. I have hand out some prototypes and was told that I should manufacturer this product but have know more funds.

  14. hayward johnson says:

    I need a investor for a wonderful idea but I don’t have no money

  15. hayward johnson says:

    I need a investor for a wonderful idea but I don’t have no money .it’s for dogs that will keep the dogs cool and dry .I receive a SSA check thank u so much to take the time out to read this a lot of patent company say I have something wonderful and in there range of a million dollars and more the company that they can’t help me which the money to start it off .so please help me and God bless u

  16. Rhonda says:

    Hi I have a baby invention and I have done my homework and it is a very needed product. I’ve even been ask to come on the Shark Tank Show with it for two seasons but I don’t have the money for the prototype and the patent. We can make allot of money with this. but just don’t have the money to get it started.

    Please email me only if your serious and would like to be a partner.
    lovebugs0827@yahoo.com

  17. Tutsi says:

    Hie I’m looking for an investor to invest in my money lending company..email me at munyavitutsirai@gmail.com to know more on how it works trust me alot of profit is acquired..just give me a chance maybe you will be interested. Looking forward to any investors email

  18. Esperance says:

    Hi
    Please if you want to hear about my idea to get in touch with me.

  19. Esperance says:

    Designing Messaging Android
    The messenger is a general difference with other servers is the ability to translate text message will be instantly certified.

    In this way people around the world who have mastered the language can communicate.
    In addition, this software is useful for language learning. The original language of the message and translate it into a place to be displayed on your phone ./
    Finally, to complement and add multiple languages ​​to the software world it can be

  20. Anthony says:

    Hi my name is Anthony. I need an investor to the tune of 10,000 I submitted an idea patten to a reliable,topnotch company by the name of idea buyer.they have been quoted as saying “the idea is a home run.” By Eric Corl the founder and CEO of the company. They all love it and so will my investor get I contact with me on my email

  21. Carl Smith says:

    I have a portable stereo/sub woofer Idea that I came up with in 1997 and no one has figured this out yet it could change everything about sub wooer boxes.Yes this is a simple modification that eliminates speaker vibration.I had built one in 1997 but disassembled it so that no one would steal the idea.I did write my idea on paper and mailed to myself but I know that is worthless.I work for a living so I do not have any funds for a patent or lawyer and these patent kit companies want as much to help as either of them cost.I would be willing to sell the idea but don’t want to get cheated out of it.An investor would help a lot in getting a patent or provisional patent.As soon as I can get some protection on this idea I do plan on selling out.Building another prototype would be very easy to do that is not a problem.I just need help getting this started and it will sell it’s self.Thank you for any help that you could give.

  22. william says:

    We need money for our start up that it!

  23. Deiago says:

    Hello. I am trying to start up my own company. The best part is that I have everything else taking care of except I am short 5 thousand. I would like to someone to contact me and I can explain more about what i am trying to do with my team and also promise that I can return the money within a month with interest.

  24. mostafa says:

    Hello . i have tons of greats ideas but money is the problem , my skype is charged_wing email is dream_land_2@hotmail.com

    1-4D , 5D Hologram with IR control
    2-machine generate electricity without need for any kind of power source
    3- mini robot works as a dentist inside the patient mouth and for sure the dentist will control it by ipad or smart phone or pc
    4- flying suit like iron man powered by that device i talked about up there number 2
    5-some :( weapons suit and more powered with the same device number 2
    6-a great idea to kill HIV at early stage

Make Your Comment: