3 ms·

Are you UK or US based? There are lots of UK grants I know of to help with manufacturing etc. - the US I know nothing about :) Anyway as I see it you have 3 op

by ErrantX 17y ago

Are you UK or US based? There are lots of UK grants I know of to help with manufacturing etc. - the US I know nothing about :) Anyway as I see it you have 3 options: 1. Attempt to license the design to a current commercial company in the field (assuming there are some). Make sure you protect your design (this again varies depending on country) and then ask for a pitch meeting. It might take some effort to get their attention. 2. Find a small manufacturing company that can refine your design and churn out a small regular supply - then start to sell it to the customers direct. Give it a few months (however long really) THEN try ot license the design to a big company 3. Go the whole hog. Get a bank loan or find a business partner with cash. Sort the manufacturing out and sell everything yourself. I personally would try #3 but #2 would probably show the most reward inside a year. I've also made some assumptions about your product and it's field...... :) so I hope it's useful.

ggruschow 17y ago
Thanks for the response. I'm in the US, and I've got enough money. The main reward I'm interested in is seeing my work being put to good use and helping people. If I knew where to go, I could/would just hire someone to start the business and do all the work. Barring that, I may drop it rather than have to deal with the manufacturing contracts, staffing, certification, sales, and support stuff. I'm not even enthused about cold calling random firms and seeing what they have to say about manufacturing stuff, but I would like to see how that works and see if there's a way I could do this sort of work better in the future (failing going back to school for electrical engineering). As to licensing to an existing firm.. that's a good idea for some projects, but I don't think it'd work with the one I'm closest on right now. They'd have to be awfully progressive, otherwise it'd seem too far from their current business.

by ErrantX 17y ago

ggruschow 17y ago

Thanks for the response. I'm in the US, and I've got enough money. The main reward I'm interested in is seeing my work being put to good use and helping people. If I knew where to go, I could/would just hire someone to start the business and do all the work. Barring that, I may drop it rather than have to deal with the manufacturing contracts, staffing, certification, sales, and support stuff. I'm not even enthused about cold calling random firms and seeing what they have to say about manufacturing stuff, but I would like to see how that works and see if there's a way I could do this sort of work better in the future (failing going back to school for electrical engineering). As to licensing to an existing firm.. that's a good idea for some projects, but I don't think it'd work with the one I'm closest on right now. They'd have to be awfully progressive, otherwise it'd seem too far from their current business.