Getting A Grant For Your Invention: 4 Steps

You may have an invention idea but may be prevented from turning your idea into reality

, especially if you are cash-strapped. There are many private and governmental organizations that offer grants and you could try and get one. Government organizations are the best bet, though private ones may help also you if your invention will help society in any way. Here's how to go about getting a grant.

*The first thing you should do when looking for a grant is to check out the grants section of government websites, both federal and state. There are also some organizations which fund small businesses and it could be worth your while to look them up too. They not only help you with money to start up but also to develop and market your invention. Some federal organizations also help fund specific types of inventions; for example if your invention is related to dairy products you could look up department of agriculture of your state. Non-profit organizations (NGOs) are also a good bet especially if your invention has a social aspect to it.

*Become a member of an inventors' club in your locality or region. It is a great way to build contacts and meet other inventors who can pass on information of organizations offering grants. There are also organizations which will help you if you are a college student or teacher especially if your invention is innovative, marketable and will have an impact on society.

*Developing a prototype of the invention is a good idea, and you could also have drawings ready in case the organization you are applying requires you to supply them along with the prototype. Having a prototype that can demonstrate to the organization what exactly your invention does will help in convincing them to award you the grant.

*Make sure you have the correct application forms for the grant that you are qualified for. You can either get the forms directly from the organizations or download them from their websites. Make sure you follow all instructions correctly. Also make sure you have a comprehensive business plan that you can put forward along with your application. This shows that you are also business-savvy and have an idea of marketing strategy.

Nowadays, inventors have great opportunities to make turn their invention idea into reality by obtaining grants provided by government and public organizations. However - and this is important - you need to check the patent office website first to make sure that your invention is unique to be eligible for a grant.

by: Kevin Wolfe

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