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. Alfred Ortiz

    I own my prototypes I’ve been in patent pending status twice. I’ve worked with two different invention companies have exhausted 18,000 dollars on the product.
    I feel that the product is a innovative way for consumers to show their sport teams. the product is smoke taillight covers which features the logo of the Seattle Seahawks, the product is made from Smoke poly carbonate.
    Do you have any leasds or suggesting I also have pictures.

  2. Hassan Hamid

    For patent an ldea top in world and all must use it for safty in drivering in fact is projact need to all car use it to work.esay for manufacturing. And low cost. I need partner. e:mail [email protected]. Phon. 00989168092529

  3. Olatubosun oludare.

    I have an existing cocoa plantation that has yielded over 30years. Its time to replace cocoa plants with better high yield species. I need a co-investor and is ready to wait for the yield period of 2years before profits. Its a long term partnership but rewarding. Pls. Contact me via my e mail address. Regards. Dare

  4. Deepak kamalta

    Hi , I made the DC super charger for electric vehicle by which we can charge any EV battery with in 5min .But i have do not have money to make this patent i need $4,000 to make his world wide patent .After that i can sell this super charger to any company in the world which make biggest chang in EV . Any one invest on my invention to make his patent .

  5. MJ

    The name is MJ. I am an idea man.

    I have two different ideas.
    One of them is an App (New Social Media) that I’ve been working on the drawings for the past 9 years.
    Another idea I have is a boot. These boots are all terrain, which I’d be targeting towards the military mostly and maybe the police and firefighters.

    For the App I need a small team to have it coders (Programmers)
    to be able to have this idea coded. I am unable to do it solo.
    As I am a one men army.
    Other I need a investor, or a small programmer team to work with me as partners.

    For the boot, I need a molding industry or a shop to be able to design one boot as a prototype.

    I am getting very frustrated, because I know my social media would over take FB by flying colors. I just need a chance to have a small team to have this coded.
    (I’d work with my partners/Investor/team as a project manager.)
    This app is so complex, that it took me 3 months to just to be able to take my own idea from my own head to finish the blueprints!

    Please contact me, if you can help me?
    [email protected]
    -MJ

    Cheers.

  6. Nkosikho Mpau

    I am looking for the investors to invest in my property business.

  7. Dennis Reardon

    Greetings.

    It is my pleasure for us to be connected through this medium. I am the Consultant Officer of a reputable Investment Company that specializes in raising capital for public or privately owned companies through acquisition, private placement or reverse merger.

    Currently my investors are sourcing for investment opportunities for our review and consideration. We provide financial and strategic advisory services to growing companies and entrepreneurs both private and institutional investors and I would be delighted to discuss further.

    I need serious business investment opportunities with income generating value, I am looking more on long term partnership investments which have good profit margin and need additional capital for expansion.

    Email: [email protected]

    Regards.

    Dennis Reardon.

  8. Edward Gallagher

    I have an amazing idea for a must needed tool to be made for the construction industry which is huge and I’m betting it would be a must needed tool for this particular trade or material.
    Which will also speed up production for this material by at least 40% faster for installing this material.
    So if we could talk and ur interested in hearing me out I think ud be pleased with this invention of this tool MUST NEEDED TOOL.
    Call me 208/215/4384 if u are interested in being partners after hearing me out if ur happy with what u hear and have the financial backing.
    THEN IF UR INTRESTED!!!!!!
    We will make it happen!!!!!
    Hope to hear from u soon

  9. Marie Youssefirad

    I have a published patent for a new veterinary syringe. I would like to use the license income to help fund the 501c3, FYMHS.ORG, I started to educate children about diabetes, nutrition, and fitness. It is a college scholarship , and that student goes to 3rd/4th grade to teach a 4 part seminar, positively empowering the kids with support and education.
    I have funded the patent process myself, I am the inventor, and there are no investors besides myself. There was a need for a better syringe for the consumer side, and I know the new ergonomic design will make a difference.
    I am represented by Perkins Coie, and would require any potential investor to be screened by them.
    Thank you, Marie Youssefirad, Founder & CEO FYMHS.ORG

  10. Charles Weston

    I’ve just received a patent on my 1st of 22 safty devices they say 1st ones worth Billions 3rd triple got best att in the world that was fascinated with me & took it for free cause he’s retiring. I can protect our coast highways & home’s.but I’m an inventor not a business man need help.

  11. Hemanth

    Dear investors
    I am looking for investors to sell my idea on water technologies
    I strongly believe that it will be work in present situations across the world
    Just I want sell my idea

  12. Douglas Nelson

    If u happen to like fidget spinners and yes they have sold over 45million at $5 to $25 dollars each..well I got something that fidget spinners will definitely buy and it’s is in the automotive industry 2016 sold 88.1million cars sold in one year and this will go global if I have any investors looking to invest you message me on my email

  13. Kiandra

    Hello investors I am looking for a investor for my great idea!! I have an invention I want on the shelves for ANYONE WHO IS CARING FOR AN INFANT. For more details please contact me .
    6823319268
    [email protected]

  14. Fred Caver

    I have a patent already. I need funding to take it to the next level, such as prototyping and marketing. The name of the invention is “The Automated Return Shopping Cart GPS. This is a modified shopping cart that propels and parks itself in large shopping malls using sensors, motors, rechargeable batteries, programmable controls, male and female charge ports, touchscreens and GPS. Patent number 9104205 issued 08/11/15. I need your help funding my amazing new idea. Thank you.

  15. Ma

    I am a private investor looking for serious business investment opportunities and business partnerships in both running and newly created businesses which require additional capital for expansion. I am also interested in joint business or partnership setup and i am investing like a silent partner , interested in any business which is of income generating value , my investment capital range is approximately $1-50 Million USD. Interested in big or small investments provided they are of income generating value. NO TIME WASTERS. EMAIL [email protected] directly

  16. Matthew John Tarrants

    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

  17. Amin Rafiou

    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:
    1- Cashew processing unit
    2- Cocoa farming and export
    3- Coconut oil processing unit
    4- Trading commodities
    If interested, I will send to you the business Model & Costs.
    Feel free to contact me to:

    [email protected]

    Many thanks in advance

    Regards,
    Amin Rafiou

  18. Marcus Hall

    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

  19. Craig Adrian Shipley

    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

  20. Mark Velazco

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

  21. Tony Dias

    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

  22. Hamed Sane Kayat

    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.

  23. Joseph Fiore

    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

  24. Joseph Fiore

    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.

  25. Wayne Newcomb

    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

  26. Joseph Fiore

    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)

  27. Joseph Fiore

    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

  28. Joe Fiore

    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

  29. Dianna Lynn Driskell

    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.

  30. Pah Sami

    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
    Do you have any project that needs funding? I am wondering if this would interest you.

    Pah Sami.
    CHINA FIRST CAPITAL INVESTMENT BANK
    9988 Shennan Avenue Shenzhen, China
    TEL:(86) 021-38834999 Ext 861
    USmobile: +1 2088267349
    email: [email protected]

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