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!

30 Comments

  1. Joseph Livsey

    I have an idea for paint manufacturers that will sway the decision of any homeowner to use their product versus the others it is an absolute industry changing idea I need an investor to go all in with me from ground zero

  2. Berris-Dale Joseph

    Dear funding person or source out there:

    I desperately need funds to get my patent pending idea in front of investors and a game I made a prototype for, to be patented and marketed. I know that where there is a will there must be a way.

    May the Lord whom I seek to serve in my writing and in my playing the harmonica, help me find someone, some source to help me.

    I truly need this help, for if I get help with one of these great invention ideas it will pave the way for the others.

    The world, beginning with our great nation can wait no longer for these items to be implemented to our collective benefit.

    Help me please. I thank you kindly. And may God bless and prosper you in every good way.

    Sincerely,

    Berris-Dale Joseph

  3. Michael Parrott

    I came up in my head robot window cleaning u program it to clean windows,

  4. Mohammed Fairoz

    How to find investors for a very new concept of profitable business idea leaving my mail id [email protected]

  5. Don Siedenburg

    I’m an 80 year old prostate cancer survivor in excellent health. I have designed a simple device to be used after getting up in the morning when you have a stiff aching back from lying in the same position for a period of time. “All I can say it works!” See my website: http://www.spacealienfitness.com or http://backpainaid.net
    The reason for the name for the web address is due to a U. S. Army Medical Experiment I participated in back in June of l954. I viewed pictures of exercise equipment removed from a crashed UFO, along with other items. My current physical condition can be attributed to that experiment. Anyone interested, my contact tele: 541-660-5221 and my address is 1630 Williams HWY#368, Grants Pass, OR. 97527 –

  6. John Emrick

    I do have an invention idea that has the potential to go global.I have no money.I’m on disability.But I stake everything I don’t have on it.Give me 3 minutes to pitch you and you will fight to invest

  7. john w

    would like to get help n sellin my patent pleae repond its ware you let windows up and down from any from ure vecihle in house are outside pretty much anyware

  8. Rabah

    for months ago i decided to establish a small project as owner business but this costs me more then i can affored this is why i need a partner to do it together. domain agriculture. country algeria.

  9. Tyger Anthony

    Autocorrect is awful. I apologize,but as I was saying, these guys did it almost completely DIY from design to patent search to market research etc. Yes, it was a 2nd job & still took some time but all in all from what I gathered is that it took them less time with less expenditure. Now understand that they had dedicated themselves w strict commitment, but if you don’t have a lot of cash to invest & you are devoted, chances are you have time to invest. OlyMega maker’s space in Olympia, Washington.

  10. Tyger Anthony

    I was in the Olympia, Lacy area for 7k. In that time I became a member of the OlyMega maker’s space. Now there are a few members w a few patents and they paid little or next to nothing for the payback market research

  11. Goldie May Valencia

    I have an idea that will help law enforcement not just here in the USA but the whole world.This is really a game cchanging for law enforcement.Anybody who wants to work with my idea please contact me. [email protected]

  12. Del Johnson

    I have two inventions.look ing for financial help k

  13. Young Kim

    Next groundbreaking technology idea for health & entertainment and also gaming(VR) industry. I am asking $30,000 for development stage which I already have company who can back up $80,000 after initial investment. I can send prototype and information if interested. Truly great market for anyone who owns smartphone.
    E-mail [email protected]

  14. Saeed

    I have an idea about a online bussnes ..i need someone or a investor company..
    [email protected]

  15. Gino esparza

    I have more than seven ideas.All of which are totally prosperous just want to sell one so I can find all the other ideas.Serious callers only.(559) 718-7745

  16. Andrew

    hello i,m glad to get your email i will enclose my street address land line phone number 12464270918, i work on new kinds of idea projects having 13 idea books in all which can give big pay checks interested let me know, i will give you something via email give me a list on certain things you would like to see in new kinds of idea projects i will work on them

    Is your book idea good? (Yes, I promise)
    http://rotatemysites.com/?rotate=newprojects&top=3286

    13 Book size idea projects waiting
    To email4sitetraveling email4sitetraveling
    Is your book idea good? (Yes, I promise)
    i work on book size of offline ideas of all kinds even unemployment persons, i have a yahoo idea site enclose would you like to view the 13 idea books at no cost, let me know as it,s in favour of millions of people delights as you might tell by my online idea sitexzamples thanks as well

    [email protected]
    [email protected]
    https://www.flickr.com/photos/totallifechangesituations/ online here offline waits
    Is your book idea good? (Yes, I promise) Kindly let me know the details of your business.
    HI and i have new kinds of ideas as i have 13 books in favour of your needed offline as well as exzamples enclose in your email, i hope one you would like take a look at them as some of them are liked by others especially a lady in new york who have clicked 10 sent of them so you have more too gain than loose thanks Andrew mc lynch

    [email protected] Thanks for your message, but i have 13 book size idea project blueprints in the link are only exzamples, offline is keeped private as i am also willing to share the rolities of such a book size having many whatever you can workout let me know soonest thanks as well [email protected]

    i included some online links that wasn,t in my last reply email below but the offline ideas are still growing in size trying to get the best selling products if by chance you know anyone that can handle such a size of ideas i will share the proceeds okay

    gooday and how are you doing and the purpose of this letter is to let you know i have 3 offline book size idea projects i did in my spare time but mostly in ones favour as well as online ideastolen on the internet used only for exzamples:

    these tickets builds your country 1million after 100million reaches 50million for 50payed visitors draws visitorsales with over 150million is profits

    I give you a “gifticket” of any favoured ideas you would like to see….
    i ,m trying to locate certain places in your country that shows interest in many idea projects through newspaper classifieds can you help me out helping your economy with the right kinds of profitable ideas once seen….

    Best reguard
    A M C Lynch
    york house
    golf club road
    christ church
    Barbados
    west indies

    I visited the official website of your organization and learned that you are hiring Project Administrator for onshore projects. I would like to apply for this position. Please go through my application and other documents to know more about my qualifications.

    My career as a Project Administrator began when I started working for Rudolph InfoTech. After serving this organization for six years, I moved on to join Techno Patio where I am still working. During the course of my career, I have administered numerous projects, all of which have been successfully executed with one or two exceptions.

    Working for such a long time has allowed me to develop the most important professional and soft skills required to perform well in a technology-based environment. My ability to grasp new concepts quickly is another feather in my qualifications.

    Kindly contact me if you need any more information. I am highly thankful to you for taking time to read my letter. Waiting for a positive reply.

    Yours sincerely,

  17. Leonard Markham

    Leonard Markham says:I have an invention that i know will make me rich and the person who invests in me richer. Now there are a lot of my inventions out there but they can only be used one way and is over 100 years old and the thing about my inventions are, its universal and will come in over a thousands colors so all i need is and investor to see it to the shelves of stores around the world

  18. [email protected]

    Do you need investors for capital? Email: [email protected]

  19. chossy

    I have idea to build social media App and website like a you never meet before on internet, it will be fun I need investor, please email to me at [email protected]

  20. preston lustig

    please give me your phone @ to find investos for a “REVOLUTIONARY IDEAS””””””””

  21. Kwadwo Oppong

    The above email address was wrong.Please you can contact me. [email protected]

  22. Kwadwo Oppong

    I have an idea that will really help the aircraft industries, however I need someone or a company to back me on Patent,Prototype License to manufacturing.Its two different inventions and I need very very serious individuals or company to contact [email protected]

  23. Nelu Valeanu

    US8621705B1
    PATENT No FOR SALE USA

    ONLY $ 5 million
    Owner: Nelu Valeanu
    Mobile: 856.316.2080
    Email: [email protected]
    You Tube: WIPER MAGIC VISION CONTROL
    New technology to windshield wiper Car Passenger, Truck, After Market Conversation, Truck Commercial, Marine, Farm, Military, Train, Bus, Trolley, RV/Off Road, Heavy Construction, Aviation, Luxury Yacht, Police, Ambulance, Fire Department, new wiper & arm wiper front & back Valeanu*S INSTA CLEAN.
    It only took 113 years for an Innovative Wiper Blade System to come along and seriously address safety and style. For more information, please contact Director Of Business Development Any Elly Valeanu.
    Email: [email protected]
    Thank you.

  24. Jeffrey Ashline

    I am a 48 year old male that grew up in a auto body shop , my father taught me to do things right or don’t do them at all , my father retired from owning joes auto body at (35) years in business . So having to always fix cars ect., I learned from proffessinals in the field of auto body I had to fabercate one thing after another. Making tools to get the job done , safety always came first of all . I am seeking a investor to loan me $ to patent my products that are in demand to serve the people.

  25. lisa ayers

    Good day my name is Lisa I have an idea for a medical device in which deals with the brain. I have had an opportunity to talk with a patent lawyer and was very helpful and gave me a lot of input and advice to how the device will help others all over the world. I was told a price range and what it will take to make this device happen. But how do I get this off the ground. I have heard of obtaining an investor but how? I am a single mother and I am really intrigued on the device being made and produced for the medical industry!

  26. Kevin Dixon

    I have an idea that would save thousands of teen driver lives a year. My idea would be used by parents across the country and beyond. I struggle to make my bills every month so I obviously do not have the money to get my idea to market. That would change emediatly if I could get this going. In addidtion, it would secure my number one priority in life, to give my daughter a proper education. Please contact me if you would like to hear more.
    Thank you,
    Kevin Dixon
    (775) 221-2771

  27. Kevin Dixon

    Hello,
    I have an idea that would save thousands of teen driver lives every year. My idea would would take off and be world-wide within a year. I struggle to make my bills every month. That would end emediatly if I could get my product to market. And more importantly it would help me with my number one priority, giving my 2 year old daughter an education. I obviously do not have any type of savings to get my idea started. Please reach out to me if you would like to here more. Thank you,
    Kevin Dixon
    (775) 221-2771

  28. Darrin Hughes

    While I saw your comment to a question similar to mine I think mine is different. I have an invention and I have done the patent search and it came back good. The patent attorney says he is certain he can get it. Now I need an investor to help me get it. You commented on the other how hard it is to get an investor unless it is something big. Well my item will sell for around 2 to 4 dollars each but it will be sold worldwide an most people will buy it possibly many times per year. I need $21,883.00. This will have me patented worldwide. The company I am using will set me up with a license agency once I’m patent pending and they will find me a manufacturer and distributor. I will give them 10% for their services. If I find an investor for the amount needed I will give them 20%. Do you have any ideas where I can look? The sitet I have found want you to pay them money and they might not work. Thank you so much for your time.
    Darrin

  29. Dimond ohle

    Have a invention idea go with Davison and company. .need a investor to help get my product on shelves. ..this idea is truly special it can and will save lives of millions of thousands of people and animals. ..

  30. Gary Smith

    Very simply put I have working prototypes for a item EVERY building in the world needs my invention – I use it daily in my own home – If it makes it to market it will sell billions of units -I am looking for a serious investor who is willing to help patent and take it to market – please only contact me if you are serious – no invent help scams – [email protected]

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