Entrepreneur / Inventor Exchange

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Entrepreneur / Inventor Exchange

A forum for engineers who aspire to become inventor-entrepreneurs to learn the pitfalls of the business and the most likely paths to success.

Members: 162
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Discussion Forum

Electrical engineer specializes in sensors needed for a project

Started by hugh Jul 13. 0 Replies

Hello All,I'm looking for an electrical engineer who is well versed with sensors to help put together a system.  I'm offering monetary compensation as well as partnership.  I'd appreciate any…Continue

Patent Valuation Group

Started by Roderick Whitfield Nov 2, 2013. 0 Replies

There is a "Patent Valuation"  Group  on linkedin.com that has some great content discussions even course details on Intellectual Property.Continue

Virtual Prototyping versus Physical Prototyping

Started by Roderick Whitfield Feb 13, 2012. 0 Replies

Patrick Dickerson is the owner of the  Animated Pixel atThe Animated Pixel  who is a virtual prototyper  in which vurtual prototyping has…Continue

Tags: sales, orders, for, Prototyping, Marketing

Used Technical Equipment

Started by Allen Knoll Nov 16, 2011. 0 Replies

The Green Wave Project (GWP) mission is to identify appropriate benefactors and beneficiaries for facilitating the orderly transformation…Continue

Tags: exchange, technology, project, wave, equipment

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Comment by Roderick Whitfield on September 6, 2012 at 7:06pm

Please visit my website for interesting inventor and entrepreneur information

International Society Of Product Design Engineers/Entrepreneurs  ISPDEE

and if you need prototype parts for your invention or make a model visit,

Small Parts.Com

Comment by Roderick Whitfield on September 4, 2012 at 8:18pm

E-Factor social Platform can help entrepreneurs get their designs to market, if you're a designer, inventor and entrepreneur thsi might be a great source to get your project to product on the market;

Comment by Roderick Whitfield on July 21, 2012 at 12:13pm

Kickstarter.com ,Indiegogo.com , Mission Small Business , Kiva.org  could help inventors and entrepreneurs with trying find funding, 

Do  you know of any other links that are crowd funding type etc.? please comment about them to network to help others,

Comment by Roderick Whitfield on June 20, 2012 at 12:49pm

You can Use several source to get your Patented Product to Market:

KickStarter.comKickStarter.com or Mission Small BusinessMission Small Business or to raise capital to develop your Business, Product or Service!

Comment by Paul Lloyd on December 9, 2011 at 4:10am

Many thanks to everyone for your comments.  Life is indeed fraught with difficulties.

Neil.  You are absolutely right; it’s all guesswork and supposition, even if I used the right base figures.  Obviously I’m enchanted with my invention but there is no market research to support my projections.  Without knowledge one is left with belief only, however I do not believe I am so beguiled as to have totally lost touch with reality.  I know I’ve got a winner, but what to do next is a problem, I don’t have the funds to develop to production by myself, so I will be forced to trade-off.  I feel that finding the right partner is the key here.

Curt.  Thanks for the lead.  Sorry I won’t be able to afford the trip to the show, or the give-aways, unless I get the right partner.

Roderick.  Scary stuff.  What is the little guy to do?  Again I see having the right partner is essential.  I’m forced to accept that I need help, in return for vastly diminished income.

Thanks again everyone.

Comment by Roderick Whitfield on December 8, 2011 at 6:40pm

What is the the usual outcome after one has to file an enfringement...

You can visit this site on a helpful article that discusses the possibilities and subsequent outcomes after you have been enfringed and filed suit. The America Invents act has many disadvantage to small disadvantaged inventors competing with large companies with large legal budgets to exhaust the independent little guy, that is  why documentation is to your advantage such as bridging intellectual property matter such as patents, trade-secret and know how because patents do expire plus your invention should look and do just as your claims specify in the patent grant, if its granted. 

Comment by Curt Harrington on December 8, 2011 at 5:00pm

After your patent filings are done, I will look forward to seeing you at the National Hardware Show (http://www.nationalhardwareshow.com/).  Maybe make 50 for giveaways/samples and then spend 3-4 days demonstrating at the show.  If you decide not to exhibit, you can at least go around and talk with a large number of potential buyers/partners/co-venturers.

I love the trade shows......

www.patentax.com

Comment by Niel Leon on December 8, 2011 at 4:08pm

Paul:

You have stated that the product is unique. Being the first of its kind with no direct competitor is something investors do not like. There is no way to validate your potential market. 

Yes, you can get investors, but you will have to give up a significant share of the company for the risk that they are going to take.

As for your market size numbers you really need to do some homework. According to the numbers on Wikipedia the world population is approaching 7B with the USA, Canada and the top five countries in Europe having on the something over 630M.

For initial investors you really need to focus on one country and one market place. You home country of NZ has 4.4M people.

Even with these population numbers how do you validate the market at 1 in 100 families or even 4.3 people per family. How many could you sell to in NZ?

I live in a building in the USA with approximately 150 families. None of us would need or want one, since we do not have a street to sweep.

Niel

Comment by Paul Lloyd on December 7, 2011 at 8:54pm

PS

It's a well known fact that mechanical engineers can't spell.

Comment by Paul Lloyd on December 7, 2011 at 2:47pm

Hello Joe

Remember this is a completely new product.  Nothiong else like it exists.  It's closes compeitors are the Leaf Blower and Pressure Washer.

Population of western world ≏  260M ≏>       60M Families

Population rest of world ≏      5,000M ≏> 1,250M Families

 

Assume western world Domestic Market saturation ≏ 1 family in 100 ≏> say 2.5M

Assume rest of world Domestic Market saturation ≏ 1 family in 1000 ≏> say 5.0M

 

≏> World Domestic Market saturation ≏ 7.5M

Assume light commercial Market saturation is same ≏> Total Saturation Market ≏ 15M

Rgds

PL

 

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