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

Question

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

Answer 1

I wouldn't burden all the risk on yourself with a bank loan.  If I were you, I would meet with corporations and prepare a good presentation on your idea.  Then, if they like it, you would have to negotiate the terms -- they may want to buy it from you, or have a stake in it, for their investment.

For inventors that don't have the money to market and/or produce their product, they usually sell it to the corporation and work on their next idea, rather than risking everything trying to market their first idea (and if they are inventors, likely marketing is not their strongest point).  Of course, they would have a patent or what is referred to as a "stake" or cheap preliminary patent beforehand (since patents are so expensive, inventors would have to get huge, huge sums of money in debt just to cover these costs).

As with inventors, the fact that you have it marked will protect it during negotiations.  You may like to meet with several corporations and get competing offers, but likely ones only in your country.  Any large global corporation could simply get the trademark and bank on it internationally (this is also true with patents, and is why medicines are often created by different companies in different countries).

Good luck.

Answer 2

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.