4. Attract Funding
Typically months 5 - 9.
This stage involves sourcing funds to further the development of the invention. Typical activities include:
- Business modeling and forecasting
- Cost estimating and budgeting
- ‘Essence’ development document
- Preparing investment opportunity documents to present to fund providers
- Reviewing available government fund programs and make application(s)
- Contacting investors, presenting the investment opportunity
- Meeting with investment connection networks
- Note the fees do not include public offerings or seek greater than 20 investors.
The Fee is structured as follows:
$2900* + GST on commencement ($4900 if product development to this stage has not been with Inventors HQ) plus a success fee of 8% of finance up to $1m plus 2% for finance over $1m. The fees exclude other third party expenses if required.
On to Stage 5
* The fees displayed are minimum fees and Inventors HQ reserves the right to quote project fees on
an individual basis where the project requirements do not fit the usual pattern of product
development.
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