Key considerations when seeking funding for inventions

[jonsma radona]

If you’re early on in the process and don’t yet have a prototype, you may want to consider an option like crowdfunding first. This will give you an opportunity to validate your business idea and show that there’s a need for what you’re offering. If you’re nearing commercialization, investors and loans can help bring your invention to market. This type of financing may cover manufacturing, a warehouse for shipping, and funds for production inventory. Depending on the innovation, some investors may want to get involved earlier in the development or wait until you’re ready to manufacture.

[Krishna Narine]

The most important thing to understand when looking into companies like Invent Help is that they are stellar for supplemental services. They can’t personally help with advising about the quality of your idea or supplying a patent attorney right away. Instead, they offer services where they can link you with a patent attorney. As you know, we have you covered for this part of the journey, so the important thing is to understand that Invent Help won’t serve as a replacement service that helps with everything from the basics to the referrals.

[jonsma radona]

Did you know over a hundred emerging creators reach out to big enterprises each year? They seek advice on how to sell their creative notions. This number demonstrates a substantial enthusiasm for turning creative concepts into commercializable products. In the current fast-paced business ecosystem, having a concept is rarely sufficient to gain prospective investors’ or companies’ attention. Ideas, while plentiful, often possess low value without solid execution. Therefore, knowing how to promote a creative notion is essential to transforming that primary seed of creativity into a thriving invention. Invention demands an essential phase: knowing how to protect an invention idea. Without appropriate security, there’s a possibility of notion appropriation or improper use. This segment provides information on intellectual property rights and non-disclosure agreements (NDAs) to safeguard your innovative concepts.