Inventors Council of Central Florida


Financing Resources

 We all would love to have someone feed us the money to work on our projects.  Get your business plan together and check some of thesse out.  As usual always use appropriate caution.  If you have a financing resource you feel will be useful please send the link and a blurb about it to our Webmaster.

General Financing 

Commercial Funding Services.com Logo Commercial Funding Services - Looking for funding to bring your invention to market? We provide both traditional bank funding and alternative funding sources to help entrepreneurs launch their business. After the launch, we continue to provide additional funding for working capital and to help buy or lease equipment and real estate. Some sources of funding don’t require high credit scores or good credit history. We can also help navigate the myriad of choices for crowdfunding. Feel free to review our recent presentation  regarding a roadmap for start-up funding and to take advantage of our free consulting service to discuss your goals and requirements. Contact: jim@commercialfundingservices.com or call (407) 359-3189.

Crowd Source Funding 

FundAGeek.com Logo FundaGeek.com - Looking for funding for your technical project? This may be for you. You set up the amount of funds you want, the timeframe to raise it, and the rewards for various funding levels and wait to see if it flies. It is an all or nothing funding system. The overhead cost is from 8 to 14% if successful (5% for standard marketing and 9% for premium marketing and 3 to 5% for credit card processing).

Kickstarter.com Logo Kickstarter.com - Kickstarter is not just for artists. Check out their Hall of Fame page. Some of their biggest fundings were for inventions. You set up the amount of funds you want, the timeframe to raise it, and the rewards for various funding levels and wait to see if it flies. It is an all or nothing funding system. The overhead cost is approximately 10% if successful (5% for Kickstarter and 3 to 5% for credit card processing).

Prosper.com Logo Prosper.com - Explain your project, set the interest rate you would like to pay and find out how many people beleive in you.

Wazgo.com Logo Wazgo.com - Great tool for developing your crowdfunding presentation. This site allows you to pre-prepare your presentation and test it with friends and other sources to get feedback. It also helps you develop your critical mass needed before the real launch. It's free but they do charge for their expert consulting if you choose to use it.

Grants 

FL MEP Logo Florida Manufacturing Extension Partnership - The Florida MEP is part of a nationwide network of technical, manufacturing and business specialists linked together by the U.S. Department of Commerce and the National Institute of Standards and Technology (NIST); the Florida MEP is a unique resource for manufacturing in Florida. Go to the Partners and Resources page.

NIST Logo National Institute of Standards and Technology - NIST funds industrial and academic research in a variety of ways. The Small Business Innovation Research Program funds Research and Development proposals from small businesses. They also offer other grants to encourage work in specific fields: precision measurement, fire research, and materials science.

USSOCOM Logo USSOCOM TILO - United States Special Operations Command, Technology and Industry Liaison Office has made it easy to get your foot in the door and they are located in Tampa. Simply prepare a 3 to 5 page document outlining how your product will help in one of their Capability Areas of Interest, fill out their on-line form, attach the document and a picture, then wait about 30 days. They get around 700 applications a year. About 30% of the submittals are called back for a presentation and some of those are chosen. When chosen, a purchase order for further development is prepared which could include payment of up to about $100,000 and you keep the IP. The key here is you have to have something they are looking for.

Zyn Systems Logo Zyn Systems - Zyn is a small business innovation research gateway. They provide listings of many of the grant systems and their solicitation dates. Check out the SBIR information and then Solicitation Dates to see a listing of grant offerings and the dates they are due. It is possible to drill down and find the specifics.

Venture Capital 

ESON Logo Entrepreneur Society of Naples - This was recommended by one of our friends with the Inventors Society of South Florida. The Entrepreneur Society of Naples [ESON] is a community based B2B organization dedicated to the education, mentoring and development of entrepreneurs. Sometime in your entrepreneurial career you will have to make a presentation to raise funding whether it's your family, friends, bank, angels, venture capitalists or investors and 98% get turned down!. Present to the GATOR CAGE(tm) and learn how to get it right.

Funding Post Logo Funding Post - This was recommended by one of our friends with the Inventors Society of South Florida. FundingPost.com showcases entrepreneur company profiles to over 7,800 Angel Investors & Venture Capitalists.

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