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Funding

Funding

Most inventions that die do so because they lack funding. Funding options include:

  • Crowdfunding.
  • Competitions. In 2007, NASA used a competition to design the next generation of astronaut gloves.
  • Self-funding.
  • Investors. The best way to pitch your idea is with a personal connection or introduction. However, many VCs and angels publicly post their emails or are active on Twitter.
  • Outsourcing. License or sell your intellectual property as it can help others to apply your idea to their own needs.

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Prototyping

Prototyping

Step 1: Research and model

Inventors start with representations before they make something.

  • Research to find available materials and possible technologies to use.
  • Draw the idea with a pencil on paper.
  • Make a model using cardboard,...

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Ideas on ideation

Ideas on ideation

Inventions start with a good idea. And a good idea comes from inspiration.

Advice from successful entrepreneurs and invention experts:

  • Limor Fried, Founder and Lead Engineer at Adafruit, states that he gets inspiration from a Show and Tell they do every Wednesday...

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Anyone can be an inventor

Anyone can be an inventor

These days, practically anyone can be an inventor.

You don't have to be an expert in a field to contribute. You can become an inventor simply by having an idea and refining it.

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Product to market

Product to market

Ideally, you will have a community of true believers who support your product. They should get your prototypes first as they will give valuable feedback and promote the product.

  • A broader reach is possible by spreading information at conferences, meetups, and hackathons and write about...

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"I think the next best thing to solving a problem is finding some humor in it." -Frank Howard Clark ⁠

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