A One-Time Cash Injection, Like a Tax Refund, Can Help You Fund Your Invention
Funding your invention doesn’t have to slow your dreams of being an inventor. The average tax refund can pay for enough development to start finding investors.
Rodrigo Lima is an inventor at heart. A big idea guy and a maker, he knew when he opened his product development studio, Lime Design in Fort Lauderdale, FL, that he was now something else–an entrepreneur.
“I covered a lot of ground when I opened Lime Design,” says Lima, who prototyped or launched hundreds of products and ideas in his first two years. “Now, we are able to scale for any client who comes our way, but I know first-hand what it’s like wanting to invent and being unsure if it can really happen.”
For Inventors, Ideas are Never a Problem
For most inventors, ideas are never a problem. The vision burns bright. The passion is real. But the path from vision to finished product can be foggy, especially when you aren’t sure where your capital is coming from. This article will help you know more about how to fund your invention.
START WHERE YOU ARE
“Start where you are,” advises Lima. “A lot of indie inventors come to Lime with a great idea and just enough cash for conceptualization. We help them figure it out step-by-step.”
SPRING IS INVENTION SEASON
“A strong concept stage is a hallmark of seasoned entrepreneurs and well-known brands. Our big clients don’t try to take shortcuts here,” says Lima. “On the other hand, of course I see where the indies are coming from.”
PROTOTYPING AND TECHNOLOGY
Prototyping is when most inventors start to feel like their idea is turning into reality. Just having something tangible to hold is exciting, but before investment of prototyping–which requires the expertise of mechanical engineers and material costs–technology offers a more viable method: VIRTUAL 3D CAD