Question:

Who should I contact to invest in my idea?I have already invested money in my idea & registered Trade mark

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I want to establish combined Shopping & Price comparison website in UK.So far I have done my research for this project ,registered relavant domains and made a Trade Mark as well to make sure nobody can use the name and idea because it's an online business.My Trade mark,activities,sequence of words are uniquely associated.I am very sure and confident that my idea will be very successfull in price comparison business.I don't have that much investment or any source to make the website to start the business.Also I don't have any contact to get someone invest in my idea.I know there is a programme called 'Dragons Den' on BBC three.Dragons invest money in new product or idea or business but it is realy hard to get into that programme first of all also they like to invest small money in a business.They seemed like not interested in investing in a new idea because of risk.My research work says that my idea needsa very big money to start the business with(Huge search engine software development and maintainence,designing website,advertising on electronic media etc).I know the business will worth more than Million in futere.Could anyone tell me how can I get investor's attention to invest in my idea? or also is there any organisation who invests in peoples idea?Thanks

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2 ANSWERS


  1. Start with your bank. If they're not willing to loan you money they may know some people to put you in touch with to make an equity investment. Good luck.  


  2. I went to Kiplinger.com and researched this. Here is part of the article. I have also included the link.

    "Overestimate how much money you will need from the beginning because it's easier to raise money before the launch than it is after you've failed to meet projections. To minimize risk, limit the amount of personal money that you put into the business, says H. Irving Grousbeck, co-director of the Center for Entrepreneurial Studies at Stanford Business School. Also, you'll be tempted to use credit cards, but credit card debt is the most expensive debt you can have. Try to steer clear.

    Clutching a business plan that sells, go first to a bank to request a loan. "Banks are conservative, and they're still in business," says Robbins. If you have a FICO credit score of 680 or more and you're seeking a loan for less than $50,000, you'll likely be granted the loan, says SCORE's Rudick. Even if the banker can't offer you a loan, ask for his or her advice about how to improve the plan so you can try again.

    If your credit history is too short, friends and family may be your best shot. But tread carefully: Set the loan up like a formal business transaction that explicitly states when it will be repaid. A smart way to manage a loan between family or friends is with a professionally-administered loan from CircleLending. The company will send statements and track payments -- and provide healthy distance."

    http://www.kiplinger.com/columns/startin...

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