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Mary Bellis

Different Ways to Fund an Invention

By April 9, 2014

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moneyAn introduction to invention funding illustrating several different sources to borrow or raise funds and bring your idea to the marketplace.

And on that note let me leave you with a quote from Steve Jobs, "Innovation has nothing to do with how many R & D dollars you have. When Apple came up with the Mac, IBM was spending at least 100 times more on R & D. It's not about money. It's about the people you have, how you're led, and how much you get it."

 

Comments
May 24, 2009 at 9:45 pm
(1) Ted Murphy says:

If someone had an idea that they were excited about, who would you suggest they talk to? I wish there were organizations or people that would do a complete vetting of an idea and return constructive feedback for a reasonable fee.

May 30, 2009 at 11:58 am
(2) Okolo says:

I have an idea for a new type of invention school, incubaror, and cooperative to help inventors with little or no capital yet posessing valuable ideas. Have you heard of such an institution and would you pay to attend and work with one. This is my personal survey and invite comments from you and anyone else.

June 5, 2009 at 5:28 pm
(3) Jeremy Milk says:

Excellent overview and insights. Writing from AbsolutelyNew, Inc., a couple points to add based on related experiences working with inventors to launch products:

1. We’ve found several individual inventors have had success finding government funding via http://www.grants.gov. This is an official government website that aggregates grant opportunities from most federal agencies. For people with tech items especially, this can be a much better resource than the Small Business Administration.

2. Angel investors are often an ideal source of funding. They’ll usually be more flexible and/or give more leeway than a VC ever will. That said, if you’re seeking angel investment from someone you know well, also keep in mind the risks of mixing business and pleasure. We’ve seen a couple inventors have some touchy times with their financing friends when the parties disagreed on how best to proceed with licensing.

Happy inventing!

Jeremy Milk
AbsolutelyNew, Inc.

July 18, 2009 at 2:37 pm
(4) Thomas Kasmer says:

Google or Bing the word Hydristor. This invention can cut the nation’s use of oil in half with 5-6 years of retrofitting all vehicles (300 million). It can also quarter vehicular CO2 emissions. Economically, it can make Expeditions, Hummers and Escalades get 40+ Mpg overall while 4WD vehicles will go 0-60 in 3 seconds flat on stored energy. The Big SUVs and pickups would begin selling like hotcakes again and the USA economy would go into a ‘super boom’. My phone is 607-2068960
and e-mail is tkasmer@yahoo.com. I need help to get this going. I have 4 patents with more
in panding status. Tom Kasmer

March 29, 2014 at 10:58 pm
(5) dietas Para bajar de Peso says:

Hi there! This is kind of off topic but I need some advice from an established blog.
Is it tough to set up your own blog? I’m not very techincal
but I can figure things out pretty fast. I’m thinking about creating my own but I’m not sure where to begin.

Do you have any ideas or suggestions? Thanks

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