Originally Posted by Tuneman
I designed and patented these two new inventions for the person that likes to tune at home or on trips. If anyone knows of any manufactures that may be interested, please contact me ASAP. Or if you have any questions send me an email. Checkout my two new Ski and Snowboard Tuning inventions at www.tuneityourself.comThanks,Doug:
Not too sure where to start on this, but here's my free advice, worth everything you pay for it:
1. Venture capital. Venture capitalists do not fund inventors or inventions, they fund companies. You aren't there yet, nor are you close. You are at (at best) at the angel/friends and family round. (Trust me. Unlike the ski stuff, I actually make a living in this investment/legal world.) Listing "venture capital" on your Web site suggests you are unsophisticated.
2. Manufacture. The critical issue there is what would it cost to manufacture, so if you are seriously pursuing this, you need to get it to the stage of parts list/manufacturing cost per numbers of units. Typically, that often requires modification of your prototype to bring the manufacture costs down. A lot of inexpensive manufacturing is now done in China, where (1) low wages, (2) an artificially weak Yuan caused by China's purchase of U.S. government debt, (3) limited environmental laws, and (4) a national policy to generate employment through increased manufacturing capacity has led to artificially low manufacturing costs. Ordinarily, to sell in the U.S. anything that you plug into a wall (A) you have to have product liability insurance that covers you, your distributors, and your retailers, and (B) you need to get Underwriters Labs certification.
3. Patent. You'd better already have patents pending, because otherwise you may have on sale bar problems. (Under U.S. patent law, you ordinarily have to apply for the patent before you start selling the product.) Most patent lawyers would have advised you to seek patent protection in the EU as well. If you've got patents pending, it's pretty safe to talk to possible licensees, and they'll be much more open to the discussion.
4. Who would license this: Find one of the smaller guys already in this space (Dr. W's wicked wax, SVST, Holmenkol, etc.) or figure out a way to modify your product so its better/easier for a specific market (like, say, snowboards) and then go after a dominant player (or, better yet, dogged pursuer looking to increase market share) in that space. It is helpful/essential in interesting a licensee/manufacturer if you can point to a marketing survey (even if that's just 50 masters racers at a racing clinic or 25 ski dads at a junior race) showing demand/preference for your product at a price point.
P.S. You're probably pretty far off topic posting this under "Skiing Technique and Instruction" here, aside whatever the prevailing norms are on commercial solicitation.