I have an idea that might make millions...but... - HotUKDeals
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I have an idea that might make millions...but...

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7y, 4m agoPosted 7 years, 4 months ago
So I have this idea (which I cannot disclose), I have sent it to a company named Davison.com (which I found via Google). They called me today (from the USA) and seem really keen on my possible invention. They seem to think it would be worth pursuing but they require a payment from me to do the checks on patents etc. This payment is for $559... I'm now stuck in a dilemma as the wife thinks it's just a scam to get money off me but im pretty sure my idea would be a success.
I know nothing about this company although their website looks pretty good so I'm a bit reluctant to hand over the money...so my friends I need some friendly advice....what should I do?
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7y, 4m agoPosted 7 years, 4 months ago
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banned#1
dont you dare hand over that money
banned#2
go on dragons den over here (Y)
#3
Patent it - whatever it is.

First thing you should do. If it does become a success, your safe.
#4
dont hand over any money if it was a good idea the company wouldnt want money up front, contact online on dragons den site??thats free
#5
gsettle24
dont you dare hand over that money


+1 listen to the missus
#6
if you tell me I will suggest something seriously! (pm if need be!) :whistling:

Don't pay anything to anyone yet!

Get yourself on the Den of Dragons :thumbsup:
#7
scam! if it really could make millions they wouldnt need money up front-they will tell EVERYONE who contacts them their idea is great(not saying yours isnt btw) but this is a total ripoff.
#8
Sounds a bit dodgy to me. Have you got their number to call them back and see how legit they are? I'd definitely do some more background work on the company before I was handing over that kind of money. And I'd also have some sort of contract from them confirming your cut in profits etc.
#9
Meadsy4742
Patent it - whatever it is.

First thing you should do. If it does become a success, your safe.

+1

http://www.ipo.gov.uk/


then go on dragons den:thumbsup:

good luck
#10
Yeh, but its just an idea, I have no way of building it...so I'm stuck :(
#11
razorcuts
Yeh, but its just an idea, I have no way of building it...so I'm stuck :(


shout me in on this, and we'll build it together,,, :thumbsup:
#12
Meadsy4742
Patent it - whatever it is.

First thing you should do. If it does become a success, your safe.


+2
#13
Why on earth are you dealing with a US company? Surely even if you do go down that route a UK company would make far more sense.
#14
Why on earth are you dealing with a US company? Surely even if you do go down that route a UK company would make far more sense.

It was one i found Via the internet
#15
i will give you £50 for 80% of the company,,,,,,
#16
tonyg1962
i will give you £50 for 80% of the company,,,,,,


let me be the first to say ..

and on that note.. I'm out!
banned#17
tonyg1962
i will give you £50 for 80% of the company,,,,,,


£200 for 50%
#18
So....whats the invention then????!?!?!??!?!?!?
#19
lumoruk
£200 for 50%


Thats me out
http://img.youtube.com/vi/-tc6-vSYIMk/0.jpg
#20
If you're sure it is a genuine new idea, you should contact the patent office and get their advice. Or call a patent agent and talk to them on how to proceed. Forget Dragons Den and the like as you need it up and running before they are interested.
#21
Seriously though what kind of idea is it ?. is it electronic or something that requires a specialist company to build or something simple but just a new idea ,
#22
i have a patent on a product and as I've been through the process I'll share my views.
If you you want to apply for a patent do not share your invention with anyone apart from a patent attorney, you need about £300 in the UK to apply however to truly protect your product you need alot more money.
anyone can apply for a patent but you may leave your description/invention open to loop holes or ways around your product.

If you patent a product someone will simply make it a different way and call it a different name with different features. what you need to do is patent either the concept or the working designs. to do this you will need a patent attorney to write out the proposal for the patent after the patent is submitted it's then the attorneys job to fight any objections on your patent in relation to any previous patents that may contravene your patent application.
Mine took just under 3 years to be granted and 12k.

If you do not have that kind of money then you do need someone to partner with. Make sure if you need to approach someone else to partner with go to any regular solicitor and pay about £300 for a confidentiality agreement and present it the people you talk to and get it signed before you reveal you invention.

The people i used for the patent are loven & Co in Lincoln.
They really were excellent.
#23
I would rather stick pins in my eyes than invest in this... IM OUT!
#24
surley this company are not trying to scam you You approached them did'nt ya ? If you think your idea could be big get your mates to chip in this ^00 dollars or what ever on the condition if it comes off for you then you will see them allright. Its not a fortune is it anyway surley worth a punt on your part:thumbsup:
#25
kroozing is your product selling on the market now then or is it not complete
#26
renown
surley this company are not trying to scam you You approached them did'nt ya ? If you think your idea could be big get your mates to chip in this ^00 dollars or what ever on the condition if it comes off for you then you will see them allright. Its not a fortune is it anyway surley worth a punt on your part:thumbsup:


They could take over the patent application by demanding more money to go forward or call it quits then they get all of it and the $599
[mod]#27
Meadsy4742
Patent it - whatever it is.

First thing you should do. If it does become a success, your safe.


This can cost thousands and take a long, long time.
#28
barky
scam! if it really could make millions they wouldnt need money up front-they will tell EVERYONE who contacts them their idea is great(not saying yours isnt btw) but this is a total ripoff.


+1
#29
Disco
kroozing is your product selling on the market now then or is it not complete


Yes it is selling now and it is being made best practice in many big companies. It took 3 years to develop correctly though.
#30
kroozing
Yes it is selling now and it is being made best practice in many big companies. It took 3 years to develop correctly though.


wanna tell us what it is you invented then?
#31
Disco
wanna tell us what it is you invented then?


It wasn't me who invented it, it was my dad. but i helped :whistling:

The product is a drip tray that allows free passage of water, but contains oil that is spilt on it.
Normal drip trays fill up with water and overspill leaving a fine of 20K by the Environmental Agency plus the cost of clean up plus the removal of contaminated waste.
Ours you have none of those costs :thumbsup:

By the way the products is here
#32
Why can't you build it OP?
#33
kroozing
They could take over the patent application by demanding more money to go forward or call it quits then they get all of it and the $599


Or then again perhaps it aint worth a punt :whistling:
#34
renown
Or then again perhaps it aint worth a punt :whistling:


Perhaps but if is it worth it then they would have the OP by the nuts
#35
Hand over the money, then learn from your mistake.
#36
Seriously the best thing to do is test out this company by sending them an idea which is clrearly not going to work and see if they send the same reply asking for money and saying it is a great idea, That way you will know if it is just the standard spiel,
#38
You should contact Trevor Baylis, who invented amongst other things the wind up radio.
I met him at the NEC he was very helpful and started by satying , "please dont tell me what your idea is"
#39
1. You shouldn't have told them as it makes getting a patent very difficult.
2. Don't hand over the cash
3. You found them on the internet? Oh come on -.-
#40
whats your net profit forecast for year 1? and then in year 2?

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