Growth Strategies

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?
Guest Writer
Entrepreneur, Business Planner and Angel Investor
min read
Opinions expressed by Entrepreneur contributors are their own.
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.

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

How to Get the Top 4 Percent of Your Customers to Buy 16 Times More