How to Find Invention Investors for your Great Idea
Finding and getting invention investors can help propel your idea to the next level. However, before you consider how to find invention investors, there are several things you should do to prepare.
First, you need to do research to determine whether your invention idea is unique. This research can be done via the United States Patent and Trademark Office (USPTO) website, and there is also a guide to USPTO patent search strategies on the site.
The next thing you will need to do is to patent your idea and determine exactly what you will be asking potential investors for. This has less to do with money, but more to do with what you want to see ultimately happen to your invention.
Keep in mind that no investor can steal your invention idea if you have correctly filed a patent application for it. Filing the application with the help of a good patent attorney will provide even more protection for your invention.
Finding an invention investor to back your idea is much like any other investment in that it requires some marketing on your part. The top spots where inventors usually go are venture capital firms, angel investors, invention clubs and investment groups. You can simply use the internet to find information and contacts for these invention investors.
When thinking about marketing your invention to these potential investors, keep in mind that you are not only marketing your invention but yourself as well. This is because any investment decision involves establishing a relationship between yourself and the investors, so they need to get an idea of what it will be like to work with you.
You can market and communicate your ideas to professional investors through a business plan, which is a great tool for organizing your business strategy and telling investors about yourself and your product. You should convince investors that you are capable of marketing your invention and that it will be needed and desired in the marketplace.