Crowdfunded Patents
Patents aren’t cheap. Filing is reasonably affordable, but getting the application written in the weird and unique way required costs money.
In my experience, something that can be described on the back of an envelope, or napkin, will cost $5K-$10K to the patent in America.
Perfect for crowdfunding:
- Often inventors can’t afford the costs
- Spread the risk
- Inventor gets 51%, pays nothing
- Supporters pay say $200 each for 1%
- Every supporter has an incentive to promote the idea