In this article, we will be sharing with you all the Get Grants For Patents & Inventions Funding. You can apply for grants for patents and inventions funding. Getting a patent for an invention is something really big for any developer or researcher. However, getting a patent is not an easy task and is definitely not cheaper.
And hence, there are various grants from the government and many other organizations that help such people with getting patents for their inventions. Here, we have shared with you all the known ways to get grants for patents and inventions funding. If you are someone looking for grants for patents and inventions, then keep reading further to know more about it.
Get Grants For Patents & Inventions Funding
Given below are the ways using which you can get grants for patents and inventions funding. You can apply for patents, take the help of various organizations that offer patent grants and also seek help from the Government grants for patents and inventions funding.
How to Apply for Grants For Patents & Inventions Funding
Getting a patent for your inventions and research work is a big deal for many researchers and developers. Below are some of the ways through which you can apply for grants for patents and inventions funding.
- SBIR Financial Request Submission
In order to get grants and funding for patents from SBIR is to file an SBIR Financial Request. If you are wondering what an SBIR Financial Request is, then it is an application to the Small Business Innovation Research office, which states the financial needs to get the patent for your ideas.
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This can be very helpful, especially for small businesses and cottage industries, which have great ideas but not the expected annual turnover. A branch of the US department is dedicated to offering grants for patents for the Research and Development department for such small businesses.
This can also be very fruitful for the business co-owners who run a small for-profit business. But for this, at least 51% of the business has to be owned by a citizen of the US. Another requirement is that the business must not have more than 500 employees.
Other eligibility criteria for patent grants and funding inventions include – one has to qualify as an SBC, they should have minimum research for every phase, that is 1/3 of the research in Phase 1 and 1/2 of research in Phase II.
- Appeal to Social Enterprise Foundations
Social Enterprise Foundations, also known by the name – Social Entrepreneurship, is yet another way using which you can get grants for patents and inventions funding. The organization is known for supporting and funding inventions and inventions grants. Their main priority lies in funding inventions that cause an effective social impact.
There are various for-profit organizations, non-profit charities, as well as civic-minded people that are a part of the Social Enterprise foundations. The institution funds inventions that make a strong and effective social impact.
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The institutions also offer Program-related Investments, i.e., PRIs, to organizations and businesses that get social returns by offering grants for patents and funds for inventions. But the thing with such grants is that they are of the loan kind. And hence have to be repaid. However, the good part is that the interest on such loans is very less.
- Schwab Foundation for Social Entrepreneurship
- Skoll Foundation
- Omidyar Network
- Echoing Green
- Find and Apply to Angel Investors
For those who do not know, Angel Investors is not any company or Non-Profit organization if you are thinking so. These are those investors in front of whom people can present their business plans and ideas, and they then decide whether or not to invest in their business by offering them patent grants.
The investors, if impressed by the idea presented, can offer huge sums of money that may range from over $20,000 to $100,000 as grants for patents and inventions funding. Now, this amount entirely depends on the investors you have chosen and your business ideas and plans.
Organizations that offer Patent Inventions Grants
There are also many organizations like the below mentioned educational organizations that work to offer patent inventions grants. Such organizations promote the research and development in various fields by young minds. If you are a student or a faculty, then the below grants can be of your help.
- National Collegiate Inventors and Investors Alliance
As the name itself suggests, the National Collegiate Inventors and Investors Alliance is an organization that motivates young students to take research and development in their field of study. It acts as a mediator between the promoters and the makers.
The Inventors and Investors Alliance offer invention grants and patent funds for any idea or product they wish to support. They also make an offer for the product to sell it under the name of the company.
The National Collegiate Inventors and Investors Alliance is known to offer E-team grants for patents as well as grants for inventions from $1,000 to $20,000. In order to be eligible for these grants, one must either be a student or a faculty member of the institution.
You will also need to have at least 2 active students that are a part of this project and working with you on it.
- National Institute of Standards and Technology
The National Institute of Standards and Technology is one of the educational institutions that offer different types of grants for patents and funds for inventions. However, there is a restriction on who can get these grants. The NIST offers grants for patents and funds for inventions only for the student developers and inventors as well as the faculty members from various fields of R and D.
Through this organization, applicants can get over $5000 worth of grants for inventions and patents. In some situations, these grants can also reach as much as a million dollars. But this definitely depends on the type of idea presented by the applicant and their skills like marketing. Generally, hospitals, NGOs, Higher education institutions, etc., are given such a huge amount of grants for inventions and patents.
Government Grants for Inventions and Patents
Along with the various educational and research institutions and other organizations, the Government too offers grants for patents and inventions. So if you are someone looking for government grants for patents and government funds for inventions, then the below information can be useful for you. Note that such government grants for inventions are not funded by the state but by the Federal government directly.
- Patent and Trademark Technical Information Dissemination
The Patent and Trademark Technical Information Dissemination is a program run by the Department of Commerce, which comes under the Office of the Secretary that works with the objective of promoting and motivating young people to work in the field of research and development.
The goal is to boost the technological aspect of the country in a speedy manner. The best part about this program is that, in order to be eligible for this program, there is no restriction of age or post.
- Granting of Patent Licenses
By now, you might have understood that patenting an idea or a product can be very costly and consume a lot of your resources. However, new inventions and ideas are always welcome to help people in numerous ways. The government realizes this and thus provides a provision for granting patent licenses.
This can be helpful for many who do not have enough funds to get their ideas and inventions patented. The government grants for inventions and patents are offered through this program so as to encourage its citizens to work in research and development and contribute to the nation.
I hope you all have found the article of use and could Get Grants For Patents & Inventions Funding. In case you know of any more grants for patents and inventions funding, then feel free to let us know in the comment section below. Your one comment will be useful for many out there!
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