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How does a minor (17) raise enough capital to get an invention off the ground? |
I have several devices which i have designed, prototyped and tested and want to bring to market. I have one device in particular that is very easily marketable and would be indespensible to anyone in the us throwing out old computers. i can produce the item for $3 and can resell it for aprox. $30. I am filing for a provisional patent using money from my computer business(which made 80,000% profit last year(I started with $5)), but i dont have enough money to build the machines so that i can manufacture the device out of my basement. Does anyone know How i can get enough money to start manufacturing large quantities, also i need to contact manufacturers and get an attorney. Any suggestions (or money) would be appreciated. im applying for a provisional patent this week Go to a good library and read page 100 of the 2/26/2007 issue of Business Week magazine. The article is titled "A Matchmaker For Inventors." It is mainly about technological inventions but UTEK may know of someone for your invention. There are also "Investor Relations" companies that will do press releases for you, set up press conferences, basically get your invention known where it needs to be known & find venture capitalists for you. Expect to pay about $50,000 for 6 months work. Instead of trying to convince us you should be looking for a potential partner for the first item. You can learn the ropes from that and then market the rest on your own. You are either going to have to buy ($$$$) up front market support or get someone to invest in your idea for a % of the idea. you could fundraise......or get a job. Do you have a patent? |
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Work, and work, bud. ...Companies raise share capital for many reasons. When they have to spend on expansions. Next will be for debt to equity swap meaning to pay back debt and raise equity. Stock dividends are some times... They can raise money by borrowing (issuing debt) or they can have secondary stock offerings called secondary public offerings. Market cap is just how big the company is. A better measure of the val... 3 ways to raise capital 1) Loans 2) Bootstrapping (self-financing strategy which is usually a combination of penny-pinching, pulling in friends & family to help etc. ) 3) Venture capital ... Dear Tim, Below is the 60-Second Guide to Financing Your Start-up Business from Allbusiness.com. If you want more information, I recommend that you read "Raising Business Capital" at ... Better for whom, Microsoft or investors? From an investmant point of view - you probably know what you will get from a microsoft bond. There would obviously be very low risk of default - probabl... Just call them and ask if you can have it raised. They will re-evaluate your credit and with good payment history with them, may raise it for you. It all depends on your debt to income ratio and... You can increase the capital in the company by: Increasing the amount of shares and offering them to either the existing shareholders or new ones. Ask that the existing shareholders contribute mo... |
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