Anonymous
Anonymous asked in Business & FinanceInvesting · 1 decade ago

Help!!!!!!!!?

I need to ether find a invention help organization that is willing to do the work for free because they know they will make more money from royalties later, or find a way to pay the to get my idea patented, and then find a legitimate invention help organization.

I can not ask friend o family to help, I have no friend, and my family is very poor, and I do not know how to find a partner or investor.

Can anyone help me?

Update:

I forgot to add, I only make $600.00 a month on SSI, and I lve 30 miles from town, with no car.

4 Answers

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  • Anonymous
    1 decade ago
    Best Answer

    Look to the Small Business Admin. (SBA) or similar organizations:

    http://www.cyonic-nemeton.com/infokit1.html

    http://www.sba.gov/services/financialassistance/in...

    http://smallbusiness.yahoo.com/

    http://smallbusiness.yahoo.com/r-mainCat-m-2-finan...

    http://dir.yahoo.com/Business_and_Economy/Business...

    Or look for a grant:

    http://myubc.com/free-cash-grants.htm

    http://www.dc2net.com/frcshgrnts.htm

    http://foundationcenter.org/

    http://www.npguides.org/index.html

    http://www.cyonic-nemeton.com/infokit1.html

    Here are some resources to help you find someone to help you in writing a grant:

    If you are looking for resources for Grant writing for a nonproft/charity, there are a number of great resources at the Foundation Center website here: http://fdncenter.org/getstarted/individu...

    and here: http://fdncenter.org/getstarted/faqs/htm...

    Minnesota Council on Foundations Writing a Successful Grant Proposal http://www.mcf.org/mcf/grant/writing.htm...

    American Association of Grant Professionals http://www.grantprofessionals.org...

    Non profit Guides http://www.npguides.org/ --- very good

    GrantExperts.com http://www.grantexperts.com

    Association of Fund Raising Professionals http://www.afpnet.org/

    How to be a Grant Writer http://www.powerhomebiz.com/vol121/grant...

    Teaching Yourself to be a Grantwriter http://www.grantproposal.com/starting_in...

    If you are looking for grants to start a business, it is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK - lots and lots of it, that is why a cottage industry of grant writers was born.

    Nonetheles.. s, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.

    Even if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same - hardly any grants for starting a for profit business.

    Even SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html...

    "The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."

    Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program

    Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs

    For private grants, you may want to check the Foundation Center's Foundation Grants for Individuals Online. It's a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices." Entrepreneurs are apparently not one of them, so I take it they also don't have listings of private foundations who give grants to would-be entrepreneurs.

    Source(s):

    http://www.cfda.gov

    http://www.grants.gov

    http://gtionline.fdncenter.org

    http://www.powerhomebiz.com/vol66/grants...

    http://www.sba.gov/expanding/grants.html...

  • 1 decade ago

    dkwr14 made two errors:

    1. The website for the U.S. patent office is http://www.uspto.gov

    2. The electric car was not invented by him. They were first introduced approximately a century ago. For a variety of reasons (mainly leaking batteries), the idea was abandoned for many decades before rising oil prices led to it being tried again.

    There are no invention help organization that will "do the work for free because they know they will make more money from royalties" because royalties are almost never received when invention help organizations are used. I do not mean that the percentage is low. To the nearest percent, it is 0. In fact, the phrase "almost never" might be too generous. In one study of approximately 30,000 times that these organizations were used, there was only 1 case of any royalties being paid, and in that case, the royalties were less than the invention help organization took, so the inventor lost money.

    You might make or lose money if you do this on your own, without an invention help organization.

    You will definitely lose money if you do use an invention help organization. The only way to make money with an invention help organization is to get a job working for one of them.

  • Anonymous
    1 decade ago

    Make a prototype and document everything with dates, notes and pictures. Then start pounding the pavement looking for investors.

  • 1 decade ago

    I feel your pain brother. The best thing to do is get a pattent. go to USPattent.gov if that is not correct, look on google or yahoo for US Pattent information. Pattents are generally in-expensive and sometimes easy to create... That is if no one else has pattented your idea. (thats happened to me before)

    Its called the Chevy Volt... They stole my idea with there new electric car =/

    Good luck with your idea Newton!!

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