Forums: Discussions for entrepreneurs and small business.

http://www.youtube.com/watch?v=7X_KkbqtcJg

The main difference between my system and current lightning arrestors or surge protectors is that my system will allow continuous operation and flow of power to the community being supplied. The only time where a blackout may occur throughout a grid is when the generators or transformers burn out, stop spinning, or stop functioning all together. My system also protects the generators and transformers from creating more power than needed because the outputs of the power supply is also attenuated when needed.

 

One example of how my system would be the best choice is from the power outage that happened recently, July 29, 2010. This was more than likely due to a short circuit on the power lines that caused an overload. The surge protectors may have “kicked in” but they had to cut the power in order to protect. My system allows a continuous flow of power and only attenuates what goes over the limit of the power plant.

 

I’m really working hard to get this invention notice and funded. I also want to help any person or company that funds me by giving them a 10% royalty or what I make from each sell. My parents already have a business that can be used as a legal point for selling so the time in business creation is eliminated.

 

Just to tell you all where I have been:

I recently spoke at the Hart Senate Office Building in Washington, D.C. where I discussed the tactics for rogue nations in delivering nuclear or electronic warheads that would create an EMP (Electromagnetic Pulse). I also discussed the impact of a nuclear or electronic warhead, solar flare event, and cyber attack on the U.S. Electronic Power Grid Infrastructure. In accordance, I listed multiple ways in which the U.S. can permanently defend itself and the cost to do so.

The problem with this was that I waited 3 MONTHS for a response and when I finally was contacted to setup a meeting I was only able to talk about my system. The guy who set up the meeting said that he could only write a letter of recommendation.

If any one can support me by funding, telling me of funding options, or, if you are in the government, tell someone about this so that I can move forward that would be great.

Thanks,

 

 

Start with the Small Business Association (SBA). They may have some grants for which you qualify. With the right paperwork in place, you may also be able to secure government contracts.

 

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I am really curious to know what SBA grants you believe this person might qualify for?

The SBA web site, http://www.sba.gov/smallbusinessplanner/start/financestartup/SERV_GRANTRES.html 

says:

"Please Note that the U.S. Small Business Administration does not offer grants to start or expand small businesses, though it does offer a wide variety of loan programs. While the SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."

 

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Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
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Hi and congratulations for your innovative idea. I am answering your question regarding funding options. What I can suggest you is to decide between angel investors and venture capital firms (VC firms can give you larger amounts of money). You need to have your business plan ready and complete, very detailed and comprehensive, an executive summary to send to the desired business investors and presentation skills for the elevator pitch.

I strongly recommend you to spare time when looking for investors and use an online database of angel investors and venture capital firms. I used it and I found the right venture capitalists for my startup a  few years ago. There is a software you can download and it contains an updated database of business investors, including all the necessary details such as contact details, industry preferred, what stage of business they usually fund, companies they have already provided capital.

My advice is for you to contact only suitable investors. They should be  located less than 100 miles away from your offices, so they can also get involved in your company with advice and expertise, not only capital. They should have in their portfolios companies similar to yours or in the same industry and they should prefer the startup stage.

Hope my advice was useful, I am looking forward to hearing from your successful business in the future!

Best regards,

Len Williams, entrepreneur, lwTech