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Who Would Like to Invest In Patenting an Invention?
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EngineerLMG
#11 Posted : Sunday, January 07, 2018 10:04:55 PM
Rank: New-farer

Joined: 3/22/2014
Posts: 50
Stiffler wrote:

I think what @sparkly is trying to say is, you have not really given us much to work with. You don't need to go into the nitty gritty.

I hope I've answered all your questions. But you're free to ask any others you may have.
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sparkly
#12 Posted : Sunday, January 07, 2018 10:26:02 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
EngineerLMG wrote:
sparkly wrote:


Patenting costs are not much. 200K top including legal fees.

Indeed. That isn't much for a student!Sad


In case you want to be taken seriously, you have to decide whether you want to be a student or an inventor/ entrepreneur.
Life is short. Live passionately.
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doubletap
#13 Posted : Monday, January 08, 2018 2:08:40 AM
Rank: Member

Joined: 7/17/2014
Posts: 132
Location: Wherethewindblows
The world is never short of ideas or inventors, for a product to go from the drawing board to market is no easy feat so kuddos to you for embarking on this journey. My advise would be to grow the business first then with some solid sales facts, markets etc come back here and state them, interested persons will join you for a stake in your company. My two thoughts...
You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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murchr
#14 Posted : Monday, January 08, 2018 4:56:05 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
doubletap wrote:
The world is never short of ideas or inventors, for a product to go from the drawing board to market is no easy feat so kuddos to you for embarking on this journey. My advise would be to grow the business first then with some solid sales facts, markets etc come back here and state them, interested persons will join you for a stake in your company. My two thoughts...


Dude he wants to patent the idea so that it's not stolen or infringed upon.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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EngineerLMG
#15 Posted : Monday, January 08, 2018 11:50:15 AM
Rank: New-farer

Joined: 3/22/2014
Posts: 50
I did some more research, got in touch with a lawyer, and found out that the fees required for the 1st year is roughly 21,000KES. The annual fees paid every year for the 20 years over which the patent is granted are what gradually increase to 50,000KES.

So, whoever wants to invest for the 1st year, come on... This is better than bitcoin.

Sparkly, with all due respect, what I will never do is drive on lanes that aren't mine. If I don't have 200K, I don't. And if my being a student means that you won't take me seriously as an entrepreneur, there's nothing wrong with that because it's your decision.
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  | | Edit by user: Monday, January 08, 2018 11:52 AM | Reason: Not specified
mkeiy
#16 Posted : Monday, January 08, 2018 12:57:32 PM
Rank: Member

Joined: 1/27/2012
Posts: 851
Location: Nairobi
mkeiy wrote:
EngineerLMG wrote:
I invented a device, I need to patent it, but I don't have the cash to do that (I'm a broke student, so please spare me).

Legally, I can't disclose/explain the invention. KIPI's rules. All I can say is that it is meant to be used in the kitchen, and will greatly help very many African cooks.

Who's willing to help me pay the patenting fees for this device?

I don't need to say that we'll sign an agreement for you to get a portion of any profits made from the invention, do I? I do? Well, we will sign an agreement for you to get a portion of any profits made. There, I've said it.

Anyone willing to invest in African solutions for African problems, do get in touch.

Shukran.


Put your contacts here for interrogation.



Why haven't you put your personal(or otherwise) contact details?
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EngineerLMG
#17 Posted : Monday, January 08, 2018 4:24:20 PM
Rank: New-farer

Joined: 3/22/2014
Posts: 50
mkeiy wrote:
mkeiy wrote:


Put your contacts here for interrogation.



Why haven't you put your personal(or otherwise) contact details?


Sorry. I thought no-one was interested.

nitumie-email@mailinator.com
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sparkly
#18 Posted : Tuesday, January 09, 2018 7:38:47 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
EngineerLMG wrote:
I did some more research, got in touch with a lawyer, and found out that the fees required for the 1st year is roughly 21,000KES. The annual fees paid every year for the 20 years over which the patent is granted are what gradually increase to 50,000KES.

So, whoever wants to invest for the 1st year, come on... This is better than bitcoin.

Sparkly, with all due respect, what I will never do is drive on lanes that aren't mine. If I don't have 200K, I don't. And if my being a student means that you won't take me seriously as an entrepreneur, there's nothing wrong with that because it's your decision.


You asked for advice on a public forum and I gave my 2 cents.

Your response to the advice is petulant.

Breath in breath out, consider the advice, it's up to you whether the advice is useful to you. I am not interested in your opinion of my advice. Remember you are the one who asked for advice.
Life is short. Live passionately.
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  | | Edit by user: Tuesday, January 09, 2018 9:19 AM | Reason: Not specified
mkeiy
#19 Posted : Tuesday, January 09, 2018 8:16:14 AM
Rank: Member

Joined: 1/27/2012
Posts: 851
Location: Nairobi
EngineerLMG wrote:
mkeiy wrote:
mkeiy wrote:


Put your contacts here for interrogation.



Why haven't you put your personal(or otherwise) contact details?


Sorry. I thought no-one was interested.

nitumie-email@mailinator.com


Stop being negative.
Get yourself some positive attitude. It will take you further than the funding you are looking for.
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EngineerLMG
#20 Posted : Tuesday, January 09, 2018 11:39:59 AM
Rank: New-farer

Joined: 3/22/2014
Posts: 50
Thank you all.
My apologies for appearing petulant.
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