About Jim D. Ray Expertise Jim Ray is coordinator of a regional venture capital network, serving entrepreneurs and investors seeking funding relationships. Ray is an experienced entrepreneur and is presently involved in the operations of several business concepts, including a national commercial real estate company and a web design firm. Areas of expertise include the overall startup funding process; writing venture capital proposals; and win-win exit strategies for existing private funding relationships.
Expert: Jim D. Ray Date: 10/26/2004 Subject: Taking an idea to market
Question A friend of mine has obtained a patent for a product, and the product shows great promise for marketability. Where can he go to get help in raising capital and taking the idea to market?
Answer Thursday, October 28, 2004
12:33 AM CST
Hello, Scott:
Excellent question! Let's get right to it --
I recommend contacting the Small Business Administration (SBA) and speaking with a small business counselor. The SBA provides live business counselors to entrepreneurs, free of charge. An SBA counselor can explain the funding avenues available to you as an entrepreneur, and suggest marketing concepts for your product. To locate your nearest office, visit their website at: http://www.sba.gov.
Scott, I hope this information helps point you in the right direction. Should you think of other questions or need further guidance, please feel welcome to write me again anytime.
