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. Christian

    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.

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  3. hitesh

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  4. Gerly

    Good Day!

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    Tradable Instruments:/Products

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    6.) Treasury Euro-Bund

    Our team is looking for investors/clients to help us gain more client as well as exposure around the globe.

    Let me know your insights so we can send you our business proposal and move forward to scheduling a meeting.

    We hope to do business with you.

    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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    Email: [email protected]

  5. hielsun

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

  6. Mohamad Jailani

    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
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    Contact:+6583105040
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  7. Tonya

    I need help getting my idea off the ground, please help email me at [email protected].
    Thanks

  8. Celeste Gilliam

    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.

  9. yassin.safi

    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

  10. Mr Brian McAin

    Are you seeking an investment funding? or you need funding to start up your own business contact me for funding: E-mail us at [email protected]

  11. Jon

    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

  12. Sultan

    Hello there
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  13. Hiedia

    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 @ [email protected]

  14. John Gerard S. Saul

    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: [email protected].

  15. askloading

    Hello,
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    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! [email protected]

  16. jeanee

    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

  17. Marco

    investor is needed to a unique offer on a rejuvenated school project. A financial return is expected. [email protected]

  18. edward

    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

  19. Eric McNair

    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. [email protected] or
    Eric at 619-398-7082

  20. Hafiz Al Ashad chowdhury

    Dare Sir,
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    Managing director
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  21. Gene Zenner

    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!

  22. Patents

    IDEA’s are properly guided at our office. contact – [email protected]

  23. Tay Bastean

    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)

  24. Steve

    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 ?

  25. kawsu

    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

  26. ftp-of

    [email protected]

    That e-mail already reported for scam. Please do not anseer her or his e-maills and report : [email protected]

  27. Toby Smith

    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
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  28. Bikram Thapa

    Nice Article. Like it.

  29. Theresa

    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

  30. alexander agung

    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.

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