Got a great idea but don’t know how to
fund it?microFunding helps fund great business
ideas. It really increases the chances of finding money and
making it into a serious business success. The rewards are based
upon the well proven formula of ‘30 for the inventor, 30 for
the investor and 30 for the management’.
It gives you, the Inventor, the chance to:
- realise your ideas at minimum personal
cost
- have your ideas protected and exploited on your
behalf to the maximum
extent by experienced and skilled business managers without
the need for further personal involvement
- have it - mostly - paid for and managed by other people and
yet still keep a big stake in the success of your ideas
without further commitment of time or money
- continue to do what you do best - come up with more
great ideas!
How does it work? Click here
for a detailed explanation of the process.
What does it cost?
To begin the process, you need to register your idea
SECURELY and CONFIDENTIALLY. The cost will vary according to
what extra services any Introducer might be providing, but to
register direct on the microFunding site is just £50.00
including VAT. You will get a £5.00 credit to use against a
future idea if your idea fails to find a manager. The idea will
be seen by hundreds of accredited, experienced Managers all
of whom have signed strict Confidentiality terms. After the
idea has been selected from the list, the cost depends on what
is needed to be done, but it is guaranteed to be as low as
possible.
After the idea has been selected from the list of Inventions,
there may be additional costs payable directly to the Manager
depending on what is needed to be done to create a viable Proof
of Concept Project, but it is guaranteed to be as low as
possible. Most Managers will in any case fund this themselves.
The fee for raising the funds to run the Proof of Concept
Project will vary. Currently microFunding uses Angels Den whose
fees are published on their website. Who pays this will have to
be agreed between the Inventor and the Manager. Any fees charged
by Angel networks to raise Funding are additional and are
outside microFunding.
There will be no further costs for the Inventor once the
Project has been funded.
By finding a sector experienced manager to run their project,
inventors give themselves the best possible chance of profit.
Interested? You need to register your idea in order to
get going:

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