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. 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:
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    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.
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    Hafiz Al Ashad chowdhury
    Managing director
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    +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

  13. edward says:

    Hello, am Edward. I have a business idea involving an investment in multimedia publicity in the city of kaduna, Nigeria. I will appreciate your interest as I am looking to kick off the start and growth of my company

  14. Marco says:

    investor is needed to a unique offer on a rejuvenated school project. A financial return is expected. brevi.marco@gmail.com

  15. jeanee says:

    i am looking for a investors to either buy my invention or to help me with the financial part of my invention to help me get it the market and in stores. my invention will be in every nail salon and beauty store in the world and millions of women would want to buy it. i also need investors to help me publish my children’s book which i know will be on the top 5 best sellers list

  16. askloading says:

    Hello,
    …you can call me ASK. BTW I have a brilliant idea and I’m looking forward to find you, my angel investor, to bring this idea alive.

    Even if you don’t have the financial resources I would like to use your connections to get to my real angel.

    Contact me only, BUT only if you are serious about to make an investment or you have the right connections and then you will make tones of money!! Once again if you are an angel get back to me and LET’S MAKE IT HAPPEN! askloading@gmail.com

  17. John Gerard S. Saul says:

    Hi,

    I’m looking for a very serious investor to invest in my idea.
    This idea could potentially change everything in regards on how we get our energy needs. As of now, this is the only point I can make, because I know the simplicity and the potential of my idea.

    So, If anyone is really interested out there to change the world. Just contact me through my email address: xen_zeratul@yahoo.com.

  18. Hiedia says:

    Im looking for an trust worthy investor/investors for an idea which will make lots of money and 98% of Americans whom live in the southern regions will need and want contacr me @ mswilliams.894@gmail.com

  19. Sultan says:

    Hello there
    I am a business man from the middle east looking for a partner from USA or may from any other countries to share the idea of investing in agriculture “corns and other things” in one of the african countries.. Fortunately that the business study is ready as well as the place and great connections. the idea is well worth it but I need someone to help with heavy equipments. Hope I get contacted by a well known farmers , someone that has been in this type of business so things can go smooth and fast. tano1112009@hotmail.com

  20. Jon says:

    I have an idea that’s worth millions I need help to fund this project off the ground lets just say its part of the worlds biggest market your cell phone and this would b beneficial to everyone in the world with electronics or valuables

  21. Mr Brian McAin says:

    Are you seeking an investment funding? or you need funding to start up your own business contact me for funding: E-mail us at b.mcain98@gmail.com

  22. yassin.safi says:

    dear sir…
    I have a new idea to start up a new method and new manging chain store in the world as we know Qatar is host of 2020 worldcup and there will be the best location for new ideas i have some new plz help these idea to yeild…..thank you…0093789343744

  23. Celeste Gilliam says:

    I need some one to help me bring this idea to life. I think it would b a great idea. Let’s just hope the investor’s think so aswell..saying very little so NO ONE can steal my idea.

  24. Tonya says:

    I need help getting my idea off the ground, please help email me at touxx27@gmail.com.
    Thanks

  25. Mohamad Jailani says:

    Im looking for a good heart invester that keen to be my shareholders in my company dealing with shiprepair, build new vessel & Oil tank cleaning services in Singapore,Malaysia and Indonesia.We can discuss it tru email or appointment to check on our company profile and bussiness history.If interested ,we can go legal procedure tru lawyer firm as contract agreement

    Please do reply me at my email
    jailanimufc@yahoo.com.sg
    Contact:+6583105040
    Website:www.motherssealand.com

  26. hielsun says:

    SOLAR COOLER CHEST WITH SPEAKERS. Need an investor call me I have a patent

  27. Gerly says:

    Good Day!

    TZH Global Trading Corp. is the Corporate Referring Broker/Marketing Arm of FXCM (Forex Capital Markets) here in the Philippines.

    FXCM is a leading global provider of foreign exchange (currency) trading and related services to retail and institutional customers. Founded in 1999, FXCM was the first and only forex broker to be listed on the New York Stock Exchange (NYSE: FXCM).

    FXCM’s main office is in New York (FXCM US). Philippines clients are using the platform of FXCM UK for us to be allowed to do hedging and other trading techniques.
    List of regulation and licenses of FXCM:
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    *No bond. Clients can withdraw their money anytime they want.
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    Tradable Instruments:/Products

    1.) Currencies – more than 50 currency pairs
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    Let me know your insights so we can send you our business proposal and move forward to scheduling a meeting.

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    Best Regards,

    Gerly Macabalo
    Business Executive

    TZH Global Trading Corp.
    Corporate Referring Broker of FXCM

    Office Address: Unit B – 18th floor, Trident Towers,
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  28. hitesh says:

    Hi i m 48 yrs indian british lot of expeience to make mega money i m looking some serious sleeping investor small investment and huge profit pls contact me thanks god blrss

  29. nahas says:

    My name is mohammed nahas and i had had a Indian oil petrol pump Project, for that I am is in search of any angle investor or venture capitalist who invest 35 lack in this Plant Project. We had all the “Government Permission ……………contact me 00919961934541

  30. Christian says:

    My name is Christian, I have an idea for a project that will change the way of tourism. With my project, the middle and lower classes will return to enjoy the well-deserved vacation, paying only the trip but staying at zero cost. Hoteliers world will hate me but with my project I will take away the business. I need an investor for the project with which I open society.There is nothing like that, I’ll be the first to create this new tourism system.Contact me if you are really interested, and I will talk about the project only in the presence of my lawyer and accountant. The project is too important to talk about it at all, I repeat, is a revolutionary idea that may be of interest to many.

  31. Ajay Oogar says:

    I have a car rental company in mauritius. I have been in the rental business for about 20 years. i want to expand my business and buy 50 more cars of all brands because the demand has increased four fold and i have created good contact and client all over the world and i am not able to supply.

    please feel free to contact me at aj_hwd@yahoo.com, r call me on +23054234895/+23052584895

  32. Monika says:

    I need investor with from 100,000 USD up to 300,000 USD
    Project very profitable=life time project Interactive technology is the future of the restaurant business

    Interactive technology is the
    future of the restaurant business.
    ,,Clever Restaurant ”

    Imagine that you did not need a waiter to place an order.You could read about the history of the dish you like, learn what it is made of and maybe,even find the recipe, just with one touch of the interactive tabletop.

    While you are waiting for your delicious dinner you could pass the time in an exciting interactive game or read news paper,sport etc and all this with the help of interactive technology. You would create your own world within your favorite restaurant

    I’d like to develop software and hardware for own production line of touch screen technology for restaurants/bars in Australia and Europe

    Regarding Table’s functionality:
    4k resolution LCD display many fully localizable applications ( with many languages )

    Restaurant – menu with great photo and video/orders/suggestion/promotion and adv/recommendations/bill/voting and sharing

    Video – live stream from kitchen, football, views and other sources.
    Libraries – photo, video and interactive items
    Whether – brilliant video forecast for many locations
    News – great news feed depends from visitor’s language
    Services – (taxi, waiters, bills, profile, messages, payments)
    All these applications will have many settings from the back office so the restaurant owner can customize and manage them as well

    First Interactive ”Clever Restaurant “” with delicious meal will be open a soon we will have the funds for project

    Partner with us for this great profitable project

  33. Joe Versace says:

    I have an invention that will enhance the way every service technician uses their tools. This will allow for maximum efficiency and safety on the job site or in the backyard!

    Joeyversace@gmail.com

  34. Eddy khan says:

    I have a idea for a product that will save lives and be beneficial to any health system in the world but I need help to do this please can someone help me. Thank you just email me on eddykhan1994@hotmail.com

  35. daniel says:

    Looking for investor / partner in 100 million dollar idea djlethal1983@live.com

  36. i have a great idea for some thing old and something new it is call instant diva hairband it for young and old any lenght any style any color ez on ez off call kathy @ 912-675-0009 any time

  37. storm says:

    my name is storm I am in my final stages of getting my product patent .I have good refural support from company and have good commercial stand point I am willing to give so much rauilties to a invester willing to help u can reach me at 734535658 any time.will give detailes and u can speak to my patient advisor.

  38. Jim says:

    Looking for an investor or loan to start an wholesale art supply company. Have a great product. Email is simplyart@gmail.com

  39. Helen Rose says:

    Hello
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  40. Erneus Mkuras says:

    I am erneus.I a have idea to open a security company. I want somebody can invest my business in Tanzania

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