That firm will generally charge about $25,000 just to start working on the invention, and around $50,000 to finalize its design. Once the design is finalized the inventor can finally launch a crowdfunding campaign. Most inventions cost about as much as a house (around $500,000) from idea to first penny in revenue. If the crowdfunding campaign didn’t reach its goal the inventor has to refund all of the investors, they are still out the initial $75,000 AND they don’t have a product on the market generating revenue.
Our business provides users with a platform to submit, vote on and launch inventions to market.
General users may submit invention ideas and pay to give their submissions more visibility. They are not eligible to vote until they verify themselves as an investor.
Investors may submit invention ideas and pay to give anyones submissions more visibility. They can “like” inventions and then rank them from favorite to least favorite. From this data we can tally a ranked choice vote once funding is available to launch the next invention.
Once the votes are tallied and we have a winning invention we will contact the original inventor and put them in touch with the product design firm we will be using. The idea will be submitted, finalized (with the original inventors input), patented, manufactured and brought to market, all at no cost to the inventor.
