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. Chuck says:

    Have an idea but don’t have the capital? Go to RainmakeMe.com. Learn how you can make your light bulb moments come true.

  2. kevin kruger says:

    We are seeking viable projects in need of capital injection through loans or direct investment funding.
    Because banks are very reluctant to provide funds for projects/businesses we are willing to help you find the necessary funding.
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  3. Robert says:

    My ideal has to do with building new drones an makeing a new tv show just need someone to back me up cause broke an I know we can make millions if interested call me at 13177289335

  4. I have this full proof idea for a web site that will generate millions !!!Any serious investor willing to give me that one shot and believes thst there is a next bug thing on line please contact me , to schedule a meeting and i promise you this idea will blow your mind and to give you an example of its value and or worth to be once it is established …lets say its a potential giant amongs the sites out now, like Facebook,Twitter and Instagram to be exact!!!! I mean realy to be a part of a design and a major web site to be full proof i wouldnt be suprised if any of those major web sites would want to buy this monstrous idea out ….!I just want to be apart of something huge and share it with an investor who can take that chance of realy seeing major profit , and also proudship of an awsom accomplishment along side of me guarantee! !!! Thank you and God bless…

  5. David Lessels says:

    scale your product down to as small a size as you can work easily with

    make as much of the component and parts as you can by yourself

    without disclosing to the engineers the full concept or idea get them to price for making the component or parts

    if you cant afford to pay them, offer them a cut
    of the action

    test it to make sure it works

    get a price worked out for making them

    get a price worked out for postage and packaging

    create a drawing or photo of your product,
    make sure you add copyright and or registered design to your drawing, advert and product
    possibly a set of components

    advertise the product for sale in a newspaper
    or magazine your choice(advert fee no more than £25-£40)

    ask for the customer to send you a cheque or postal order to cover your costs insurances and allow margins to cover whatever profit you require

    thereby arriving at an acceptable operating price for yourself

    test the market by offering the products on the open market

    await customer orders to come in

    if any come in then order up from the supplier and send them off to the customers

    if the customers are happy and you are happy then you have a successful business

    if a rival comes to you with a legitimate claim of patent infringement then pay them the judicial fee or 8%

  6. Vaibhav surve says:

    I have a great development of break of 4 wheeler patent and I need a help for selling my parents.
    So please contact me.
    +918605194009

  7. Ronald Moore says:

    Have a idea that needs to be researched. One, two my idea have something to do with College football games. Three my other idea has something to do with the bathroom in your house need to know what and how I need to go about the start up of both ideas

  8. Dennis Reardon says:

    I have investors who have an investment interest on good strong money generating projects/ventures.All fields are concerned.Kindly get back to me if you are interested and willing to proceed.

    I offer my services to individuals who are in genuine need of financial support for projects.

    Email: dennisreardon@outlook.com

  9. Sreda Taylor says:

    I have an idea for a food product, need advice and investor on how to launch my idea.

  10. Ross Marian says:

    I am seeking investment for my new start-up Manpower search agency based out of India aimed to service the Indian Market to start off with and later expand to south east Asia and the Middle East.

    Anyone interested to explore options can get in touch with me, my email is ross.marian2@gmail.com

    Best regards
    Ross Marian

  11. Jade says:

    Hi my name is jade am 27 year old girl who loves fashion. Am a gay girl but am top boy so walking into a shop and going to the men side you get looked at. So I’ve design a clothe line what are unisex. It’s all on paper at the moment but hoping for that little push that I need. Am hoping to start online and grow from there. It’s a great opportunity for someone to start this new adventure with me.
    Thank you.

  12. Pamela Blevins says:

    I have a idea have no money to do anythibg with it just want to sell my idea straight out with no ties to it helo me please

  13. Smaria says:

    Hello,

    To the one who have an idea and is in progress of getting a patent, try Shark Tank and make me a millionaire show. or the one that need to sell their idea go online to look for a company that help you make and sell your idea: I have seen many, ask how much they charge for the fee first, and do not go with them. Others charge a fee to search for your idea, do not work with them. Try one that could get you a Provisional patent for 1 yrs. while they work on your idea. Have anyone one tried Edison Nation?
    This is one way to make good money, but is hard, so be careful who you work with of invest.

  14. Willie says:

    I have an idea that can assist especially the drought stricken areas of Southern Africa. Please assist me or get me anyone interested.

  15. Cary Brogdon says:

    If your looking for someone to upgrade or complete a project. Trouble shooting is my speciality. Please contact me if interested

  16. Cary Brogdon says:

    I have a unique desegn. For paint products. For more info.

  17. Stan says:

    Hi, I have one great medical idea and one great medical product that I make myself and it works for me with my acne problem. I am looking for an investor. Please email me if interested at c_meletyan@yahoo.com

  18. JOHN Faumuina says:

    I have been working with the invent help for eight years pursuing New ways to enjoyed a comfort ride built in massage in business seat / first class in all worldwide international aircraft. Now I have a u.s Patent idea with legal rights and ownership. Recently spoke with the ACT Aerospace in Gunnison Utah and they are willing to produced my products but I might need to provide some sort of funding to start the process. I did research on it and found nothing closed to this idea. It is a well sketched art detailed by me and it is ready to be sell. The design of this idea is superior . This idea worth 250 millions if it’s a go. For right now I’m reserving my spots. For that opportunity to find an Investor who’s willing to invest in my Patent idea. Will get a fair percentage. Help me help you. Funding some money to produced my Prototype. For international aircraft it would cost a little bit more than Domestic flight. So jbut for now Lmk if any Invester would help me. Give me a call @ 385-209-6796 or shoot me an Email at Queenjovanni@gmail.com..

  19. Prasanth says:

    I think different and got few ideas to implement but no money to invest. If any of the investors here interested to work with me can approach me through my email: prasanth.r477@gmail.com

    Lets make money together !!!

  20. Ursul Daniel says:

    hello, i have an idea to revolutionize the industry of vehicles.
    its a motivating idea that will sell and that will change the way people
    will travel around, the way it should have allways been. its green, made out of natural materials, strong and extremely lite, reinginered transmission brakes and wheels, elegant aero design. it consists in 2 distinct creations, but i need the funds to create the prototypes and get the patents.
    if this short description interests someone, this is my email: danovskibear@gmail.com

    in the mean time ill be working on finishing all the technical
    drawings and finding an investor here in belgium.

  21. Ralph Colon says:

    It breaks my heart watching so many great people with good inventions getting robbed or used of their ideas and inventions. Back in the 1960′s you did not have to go through any agents or third parties or pay money like a sucker to reach a CEO to present your ideas. Bosses back then had respect for man and their ideas. Bosses paid the public sector for their ideas. Today, selfish and greed covered the market with agents controlling the avenue for your presentation of your idea to a company. Today, you cannot trust “no-one.” I have been robbed two times like a fool did not learn the first-time. Today I have an idea for all homeowners and businesses for the holidays, and I think I slipped again. Good luck my friends.

  22. wendy says:

    I am in the process of getting a patent done by a firm, they said it would be a ongoing design . That would be manafacture. If i could find an invester interested for percentage.

  23. Mark Lajara says:

    I’m looking for investor for my new project called iLED.
    these is a unlimited battery that has a technology of Optoelectronic technology which means it is a LED dependent battery that have an infinite cycle of P-N Junction Diode…. like a LED solar cell…

    Im needing about $4,000usd for these Project..

    to contact me these is my email: markikoy101@yahoo.com

  24. R.J. Burgis says:

    I am a 62 y.o. senior, largely self-employed since 1986 and solely self-employed since 2000. Twenty-eight years ago I thought of re-packaging a common household item to make it a much more practical and usable product. This product is likely used daily, as currently packaged, by 60% or more of U.S. households and possibly as many as 25%-30% or more of households world-wide, and these figures are believed to be conservative!
    The benefits of repackaging this product include, but are not limited to: 1)less waste; 2)more profit for retailers; 3)more purchase options for the consumer; 4)higher consumer satisfaction and 5)changes can happen immediately because it’s an existing item.
    I’m seeking a partner with whom I may share this idea and make it a reality. I would appreciate contact from the right individual(s)at rubyburgis@gmail.com.

  25. At first a company wanted 19,000 my ideal is going to change the game of football for everyone.they now have went from that to 1,095 if u want to know more contact me at 779-707-2518

  26. Robert says:

    Hello
    We represent a group investor to deprive
    We are in search of serious and profitable project to invest.
    We also invest in any serious company.
    our interest rate is relatively low compared to that of the bank of your country
    Thank you to contact us for more information

    Cordially

  27. saleh says:

    hello

    my name is saleh and i am from jordan .

    I’ve been coach of Athletic Club and has created 20 new

    sports machine (eg machine more than the length of
    a person from 4 to 7 cm) I do not have adequate funding
    for their registration in the patent . And I have also
    projects may come fictional profits .
    And if you are interested , please communicate with me .

    best regard

  28. Parth says:

    I have an idea for my new project based in mumbai, india for which I am looking for an investor.project will cost around 25L. Interested person can contact me thru whatsapp on 9320405055 or drop a mail to parthmagia88 at gmail dotcom thanks in anticipation

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