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
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!
I have worked for many years on a very strong and very unique financial trading model with a very nice track record of 15% profit per month. However, it still needs to be programmed. It is completely different from all the others and it is possible to create multiple unique models with the same mathematical basis, so that large capital trading can indeed be done without having serious problems with limited volumes.
I am looking for an investor who, unlike myself, is strong in programming and who can create a huge ROI after purchasing my model. The reason why I want to sell it is that I have become sick of too much concentration that comes with manual trading. This must be automated. Interested parties can send me an email at [email protected]
Good day
I also have a new patent in the market.
I did built a prototype and tested it and found it work perfect.
It’s a cooking device and need no electricity or gas.
This will be a perfect patent for the rural areas and also for camping, home use and its eco friendly.
Om from KwaZulu-Natal, South Africa .
I’m looking g for an investor, maybe retail or camping site and also 4 x 4 clubs.
Welcome to contact or whatsapp me.
Kind regards
Stephan Smith
+27 0767685008
+27 0712387792
Email: [email protected]
It sounds good to be here in this awesome group as a private investment facilitator with affiliations to ultra-high-net-worth individual /angel investors. If anyone here is interested in discussing the aforementioned proposal about project funding. Feel free to connect with me via email: [email protected]
Patrick Cann: email [email protected] / In reference to the Performance Accuracy Creation. A boxing scoring and statistical invention. Rough draft of sketches and idea. Must be willing to sign a NDA.
I am uncertain as to the validity of this sight? I have an idea that I believe will rectify the outdated scoring system, presently used in boxing. Both amateur and professional boxing. Once the proper confidentiality documents are signed and notarized? I will be happy to discuss a potential business venture. Only serious inquiries. [email protected] /I look forward to future correspondence. Sincerely, Patrick A. Cann, Sr. /Creator of “The Performance Accuracy Creation”. [email protected] , Thank you for reading in it’s entirety.
I have a car safety features, that keep people pets, and makes drunk driving or reckless driving obsolete, I have a way to make snow shovels a thing of the past , I also have a recycling idea that will make it a household standard, I have s way to make counterfeiting of money impossible , and multiple apps, if your interested in investing in my companies,I have a new invention to make tattoos painless and extremely convenient for Tattoo artists across the world , emails are welcome at [email protected], a confidentiality agreement is ready to sign and video so of the first encounter will be expected to protect my intellectual property , please, thx 587-577-9117