Inventing New Products/Inventions/Invention (patent)

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Question
Sir, I believe I've come up with an idea that could be patented but I need investors as I myself don't have the funds to get this off the ground. Would you be able to help me get in contact with anyone who might be interested in a venture such as this? Kind regards. Wim Marais.

Answer
Hi Wim,

Your best bet is to get integrated with your local venture capital or angel investor scene. Get to know who the players are, who is funding startups, who you may want as a partner (investor),  etc. You will want to work on your "pitch" until you feel you have a nice presentation with a compelling reason to invest. You should be able to explain why somebody would buy your product (or service), why it is better than competing products, what it costs to produce, what the wholesale / retail prices are, and what the payback on investment could be.  

Inventing New Products/Inventions

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Ryan Gray

Expertise

I would like to field questions that relate to the process of designing and developing new manufactured products. I have strong experience in product design, product development, product engineering, manufacturing, project management of product development projects, and feasibility analysis of concepts.

Experience

I have worked for fortune 500 business in new product development (NPD) roles, and also am co-founder of a business that is focused on helping businesses develop new products. This means I understand the business context of product development as well as the technical resources required to get a concept through design, prototyping, design for manufacture, and cost optimization.

Organizations
Kickstand Idaho: Board of Directors

Publications
"The Lean Startup" by Eric Ries

Education/Credentials
Oregon State University: BS Wood / Fiber Science Wharton School of Business: Executive Education

Awards and Honors
"Spirit of Continuing Innovation Award" from TechHelp Idaho, a NIST Manufacturing Extension Partnership, April 2013.

Past/Present Clients
TechHelp www.techhelp.org L & H Industrial www.lnh.net LiFoam Industries www.lifoam.com WMD Tech www.wmdtech.com JLS Automation www.jlsautomation.com Weyerhaeuser www.weyerhaeuser.com 2A Armament www.2a-arms.com FAMCO www.famcomfg.com Ear Hero www.earhero.com ATTCO, Inc www.skyhookmfr.com Eberlestock www.eberlestock.com Global Mining Equipment www.globalmining-equipment.com Promoto Billet / Fastway www.promotobillet.com Battle Sports Science battlesportsscience.com Alpha Scooter and Skate alphascoot.com Meyer Industries www.rodenator.com Sloan Security Group www.sloansg.com Loon Outdoors www.loonoutdoors.com U-Grokit www.ugrokit.com Miltech www.miltechcenter.org Boice Box Pedal Boards boiceboxpedalboards.com Motive Power www.motivepower-wabtec.com

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