by pup55 » Thu 29 Apr 2010, 08:29:26
There are several ways....
First of all, go to your local community college, if there is such a thing where you are. You might be able to work with a friendly prof or staff person who can hook you up with local resources to have bigger prototypes built and scale up experiments run. They might also be able to help you with publicity to attract investors. A lot of the professors in some of these engineering schools have side jobs that include working with industry to do just this sort of thing.
Secondly, in some areas, there are "business incubators", which are little places, usually old warehouses that are taken over by the local government, or college sometimes, that have facilities for people just like you who are trying to develop products to bring to market. They can also help you work on a business plan, if you need that kind of help to make it even bigger.
Thirdly, there is always the option of taking it to a local company that is in the same business that you are in, or an upstream supplier; If you are generating power by wave action, maybe the power generating people will not give you time time of day but you might be able to work with someone who makes turbines, or switching equipment, or other upstream equipment that supplies the power generating industry and work with them.
Fourthly, there are probably such a thing as trade shows for this industry, alternate energy, you might be able to get a day pass the next time there is one in your area, and walk around and meet people that you can potentially work with.
Of course, the more people you work with, the more likely they are to steal your idea and cash in, and that is the tradeoff. The benefit of course is that people have been working in this area for awhile and might be able to tell you where all of the problems are to your approach.
What you will find, shockingly (well, not really) is that some of the technical people in these older industries believe that the ultimate technology in that industry has already been invented (sometimes by them) and you will have a hard time getting people to take you seriously, especially if you do not have credentials in this field. I actually do have credentials in the field I am in, and it is still hard to get some of these dinosaurs to pay attention to you when you invent something that is a little bit out of the box. Someone with no reputation or credentials entering an established industry is difficult. It's hard to get people to accept new ideas from an outsider, especially if money is involved.
Fifthly, you can put an ad in the paper and attract some angel investors. The problem with them, of course, is that they turn into devil investors if you take too long to scale your project up.
This invention business is difficult, especially if you need to eat occasionally. It doesn't mean it's not do-able though.