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April 3, 2009, Newsletter Issue #161: Funding Your New Product Introduction
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Tip of the Week
Often, one of the biggest obstacles inventors face in trying to bring their invention to new product introduction is funding. From patent and attorney fees to developing prototypes and marketing, it takes a considerable budget to bring an invention to fruition.
Community of Science (COS) has grants programs for research and development as does the Defense Department's SBIR and STTR programs, the Department of Energy (DOE) grants, the National Institute of Health grants, and SBA procurements and grants hot list.
Research any and all funding sources very carefully for both their legitimacy and to ensure you meet their guidelines.
If you wish to go the entrepreneurial route with your invention, funding for business start-ups include venture capitalists and the SBA.
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Exclusive Sponsor
This weekly Invention Tips newsletter is brought to you by InventHelp, "The Invent Help People," America's leading inventor service firm. InventHelp can assist you in trying to submit your invention or new product idea to companies, as well as help you obtain affordable patent services. To request more information, visit www.inventhelp.com or call toll-free 1-800-INVENTION.
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