New product - advice wanted

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Original Message Added : 15 Jul 2012

I have patented an interesting new product, it is still in its concept and has been professionally designed, it involves photovoltaic application with a vast world wide potential, however being a individual I am finding it difficult to have the design manufactured to a working prototype, I feel that I need to find a investor that would show interest and help in developing a new household concept,,, any positive pointers would be appreciated

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	Charles Neild from Acend Ltd
Location :	Widnes
Joined :	27 January 2009
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Posts :	7 ( 2)

Reply : 15 Jul 2012

Well done on getting this far.

Whilst an investor would help, do you really need one?

It is possible, although hard, to move to the next step without giving lots of your company away!

As the item is patented, why not tell us more about the product?

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	Paul Kelly from HCE Europe Ltd
Location :	London
Joined :	29 October 2008
About :	Product + Small Business Development Expert
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Posts :	63 ( 40)

Reply : 15 Jul 2012 - (Edited : 15 Jul 2012)

I would need to know more about any potential interested parties that are in the market for for the development of a potentially a new home labour saving concept with the emphasis of green energy, the design is patented however I would still need to have a confidentiality document signed,, I would like to meet in person any Company/ individual/ or enterprise that would be interested in what can only be described as a potentially home commodity that has tremendous potential

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	Charles Neild from Acend Ltd
Location :	Widnes
Joined :	27 January 2009
Contact :	Send Private Message
Posts :	7 ( 2)

Reply : 17 Jul 2012

Well, as mentioned, ascertain an absolute requirement for investors and decide just how much you're willing to sign over (think Dragons Den I suppose). Then consider again all the funding options but don't wreck your home finances over it.

Do a web search to find a company that makes prototypes and ask them about costs; we really don't have enough to go on! With a working prototype you're in a much stronger position to sell it.

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	Andy Hills from The Business Delicatessen
Location :	Woking
Joined :	26 June 2012
About :	Business systems, mentor and excellence professional
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Posts :	174 ( 50)

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