How Do I Choose a Partner for My Invention?
I have all the research needed to start but no funds, so I'm having a hard time choosing a company to partner with that already has the technology needed for my invention. Or should I seek out an investor and hire the help needed?
Join us at Entrepreneur magazine's Growth Conference, Dec. 15 in Long Beach, Calif. for a day of fresh ideas, business mentoring and networking. Register here for exclusive pricing, available only for a limited time.I'm sorry to be discouraging, but I am very skeptical about the possibility of selling an invention to a manufacturer. That rarely happens. The value in an invention materializes when somebody uses it to build a product and figures out how to market and sell that product and make a profit.
In very rare cases, an invention is so compelling, and its patent protection so strong, that inventors can make deals with manufacturers. That's one in a million or so. Use it to build a business, then you have value. Otherwise you're probably wasting your time and effort.
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