How do I get funding for an invention? It's simple enough for me to build a prototype but to take it further I will need more money. Has anyone on /sci/ ever invented and marketed anything? Obviously I can't tell you anything but judging by the positive reception to some other idea of mine that I "gave away for free" on /sci/ (balanced lobe motor) it is probably a good idea.
go to a company that sells related products and sell them your rights (you ahve to convince them it's a good invention obviously). You also have to make sure it's patentable, because if it isn't there's no way they'll buy your idea instead of just copying it.
Damn, that's too bad. In banks they usually have departments for such things, and could have given you advice with regards to marketing, production etc., since they obviously want the product to be successful - they invented the money in it(if you convince them).
However going through the bank is more classical, and some people dont do that. I guess kickstarter could work. Can't give you any advice there tho srry. All I can think of is marketing. You need to convince people why they should give you their hard earned money
Maybe my credit can be improved? I believe I am only £5,000 in debt. Also last time I approached a bank for something else they said I had to front half the money. Do all banks do this?
It's drone technology, that's all I'm saying. Thanks for the offer but you could be a neckbeard so sorry.
File a patent.
Find companies that deal with what you've made.
Find person within company whose job it is to look for such stuff/evaluate such stuff.
Arrange a meeting.
Try to sell it.
Just call your bank, tell them what you want and ask them for an advice. Try other banks if you get rejected. If you believe it worthwhile, show it to them, make them see it. Don't easily give up.
Will a bank really overlook bad credit if they think an idea is good? I think it's good. I've already said too much but it's essentially a device that increases the thrust-to-weight ratio of a multirotor. I believe that my invention will do for the multirotor what the de Laval nozzle did for the rocket i.e unleash it's full power.
I'd say this si the best answer, companies are willing to spend money on things that might beneffit them, even if it only means getting rid of future competitors. And they usually know their trade, so they'll know if your invention is worth it or not, unlike a bank that might only look into your credit history and have no idfea how to actually evaluate your invention
OP here I have another question, If I ever did go to university should I study product design or mechanical engineering? Product design I'm sure is looked down on here because it's semi art school however my only real reason to go to university is to get access to design competitions, funds and contacts. I don't have any plans to work for someone else. Mechanical engineering I suppose is more "prestigious" and employable which is good to have if my businesses flop however I find the traditional STEM subjects to lack creativity. Product design seems right up my street, technical yet creative.
tl;dr I want to study product design but mechanical engineering seems more "sensible".
I'll tell you my experience:
1) guy comes to me, has "great idea!"
2) we figure out market potential, sketch up architecture for prototype
3) get invited to incubator
4) "it's a great idea. but it's like 25 years too soon"
Pretty much this, an atlas shrugged scenario. Just keep the invention to yourself, let the world burn. It's not even worth inventing anything for right now, in the end the chinks will jack it and there is not a thing you can do about it.