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. Matthew John Tarrants says:

    I’ve got a well thought out product in the lawn and garden industry that has potential to make a very large amount of money that is very desirable helping consumers save time and money at the same time without virtually no labor will be relatively cheap to make. Please contact me if you would like to discuss more details so we can agree on a amount needed for funding. Thank you

  2. Amin Rafiou says:

    Dear Investors,
    We have funded the company AMINFOOD International located in Ivory Coast.
    We are involved in agribusiness and manufacturing and we are seeking investors or partners to launch our 4 Projects highly profitable:
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    4- Trading commodities
    If interested, I will send to you the business Model & Costs.
    Feel free to contact me to:

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    Many thanks in advance

    Regards,
    Amin Rafiou

  3. Marcus Hall says:

    I have a great idea to pitch to companies and investors I did my research and went to invent help but I need more assistance

  4. Craig Adrian Shipley says:

    I have another tool very simple but I can not disclose any information about it . I learned the hard way not to do that. in 2007 I invented a colored caulking kit in which caulking is tinted to match almost any color within minutes right there on the job site because the mixing takes place inside the tube . . I had 2 attorneys very interested the first attorney did a free patent search then offed me a contract giving me 15℅ and zero voting rights. I did not sigh it. The second retired I P attorney who I showed the contract to to get his opinion . He said I shouoldnt sign it. He said we could make a lot more than that with it. So we discussed getting it produced in China shipped here distributed to chain hardware stores and leasing then selling the patent. I communicated by phone and in person with the second attorney until he didn’t answer the phone and when I went to his shop it was gone. And now it’s his name on the patent not mine, US. 2007 01 09910A1 thanks Dave. I have another invention simply overlooked by everyone that I am absolutely positive will be widely used and needed and up til very soon from now does not exist in the public. I have working proto types. I’m looking for an I and to not be ripped off again. 602-585-2827 in Arizona

  5. Mark Velazco says:

    Looking for investors in the field of downhole PDC downhole drillbit design, filed for patent already. Hard market to break into..

  6. Tony Dias says:

    My name is Tony Dias and i have a new paint roller handle that is patent pending and i need a manufacturer to help me manufacture and bring it to the retailers.my email is [email protected] for more information

  7. For a patent application idea, I need $ 50,000 in capital, and after 6 months to eight months, we’ll have to pay at least $ 10,000 a month, with Saber’s successor.

  8. Joseph Fiore says:

    Need investor for invention. Have working prototype of no gas electric generator. This is no hoax. Need money to get a patent. Can license to Tesla and other car companys who built electric cars. Need $100,000 for more research and patent. You will get for your investment 20% for 5 years and $1,000,000 buy out

  9. Joseph Fiore says:

    Looking $100,000 investment for 10% for 5 years and $1,000,000 buy out for no gas electric generator. Have a working prototype need investors to get a patent and more research to bring down the cost.

  10. Wayne Newcomb says:

    I’m looking for someone to help me get my idea from concept to the Shelf I’m currently speaking with a gentleman from invent help the product in which I’m trying to get from concept to the Shelf is one that would be sold easily worldwide and is absolutely for sure going to bring a lot of money I work construction my whole life I need about fifteen thousand to get me where I want to be I’m willing to sign off on 5% of my product for the investment if there is anyone out there interested please contact me via email [email protected] thank you very much for your consideration

  11. Joseph Fiore says:

    Have a working prototype no gas electric generator. This is no hoax. Need money for patent and more research to bring down the cost looking for investors. $1,000,000 for 10% for 5 years plus $5,000,000 buy out. PHONE # 9177953424 if interested please call (11am to 11pm)

  12. Joseph Fiore says:

    I have a prototype it works need money for patent and more research to bring down the cost i can license it to tesla and other car company’s. 5% for 5 years plus 5 million buy out for 1 million investment

  13. Joe Fiore says:

    No gas electric generator have a prototype it works. I need funds for a patent and more research . To bring down the cost. 1000000 us
    for 5% for 5 years plus a 5000000 us buy out. Call 917 795 3424 if interested

  14. Dianna Lynn Driskell says:

    Looking for a little guidance and financial support for a simple yet helpful idea for pain. There are things similar on the market but this idea has a couple of differences from what exists. If done right it can be quite beneficial. I suffer with chronic pain and wish to help others. Anyone willing to assist in getting this going please contact: [email protected]. Thank you for your time.

  15. Pah Sami says:

    I am looking for entrepreneurs. The ideal potential partner is someone who is ready to build a business — someone whose best years are ahead of them. I am looking for entrepreneurs with the right mix of experience, drive, creativity, and cultural fit. In return, i will provide funding, tools, and resources to help my partners reach new heights of success. I am willing to invest upto $200 Million USD
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  16. Adrian brown says:

    [email protected] contact looking for investor 148 countries selling medical supplies . I have contract. Selling medical supplies

  17. Adrian brown says:

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