Looking for partnership with a startup

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Discussion Overview

The discussion revolves around the feasibility and steps necessary for an individual innovator to collaborate with a startup on a machine designed to generate power from low-grade heat. Participants explore various aspects including patenting, business planning, and the technical viability of the invention.

Discussion Character

  • Exploratory
  • Technical explanation
  • Debate/contested
  • Mathematical reasoning
  • Business-related

Main Points Raised

  • One participant mentions having researched a machine that generates electricity from low-grade heat and seeks collaboration with a startup, emphasizing the availability of necessary machinery.
  • Another participant raises concerns that the concept resembles a perpetual motion machine, suggesting the need for a clearer description to attract investment.
  • Several participants recommend creating a comprehensive business plan that includes technical and market analyses to improve the chances of securing partnerships or funding.
  • Some participants emphasize the importance of having a working prototype and a patent before seeking business partners, arguing that these elements are crucial for attracting investment.
  • There are suggestions to consult a patent attorney and conduct a patent search to ensure the idea is novel and to understand the competitive landscape.
  • One participant expresses a desire to join an existing startup rather than start a new company, indicating a lack of interest in business management.
  • Concerns are raised about the clarity of the innovator's needs and the potential risks of engaging with partners without proper legal protections in place.
  • Discussion includes various methods of generating power from heat, with references to thermoelectric and Kalina cycle technologies, and the constraints posed by Carnot efficiency.
  • Participants highlight the necessity of demonstrating that the invention is not only functional but also offers a practical business case compared to existing solutions.

Areas of Agreement / Disagreement

Participants do not reach a consensus on the best approach for the innovator. There are multiple competing views regarding the necessity of patents, the importance of a prototype, and the clarity of the innovator's needs.

Contextual Notes

Limitations include the lack of a clear definition of the proposed machine's functionality and market viability, as well as unresolved questions about the innovator's specific needs for collaboration.

  • #31
T C said:
I have researched on a new kind of machine that can generate power/electricity by using low grade heat.
Just how new is your idea? Is it better than existing technology for doing the same thing? Existing technology for generating electricity from low grade heat includes:

OTEC
Geothermal
Low temperature heat engines (includes Stirling and others)
Thermoelectric

You will need to convince prospective investors that your idea can generate electricity at lower cost (both capital and operating cost) with better reliability than ALL of the above. Better efficiency is also a selling point. Until you do that, you have nothing to sell. The core of your business plan / prospectus will be a line by line comparison of your idea with the technology used in OTEC, geothermal, low temperature heat engines, and thermoelectric generators. The comparison will include capital cost, operating cost, reliability, efficiency, and any other relevant factors. You will not be taken seriously until you do that.
 
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  • #32
jrmichler said:
You will need to convince prospective investors that your idea can generate electricity at lower cost (both capital and operating cost) with better reliability than ALL of the above. Better efficiency is also a selling point. Until you do that, you have nothing to sell. The core of your business plan / prospectus will be a line by line comparison of your idea with the technology used in OTEC, geothermal, low temperature heat engines, and thermoelectric generators. The comparison will include capital cost, operating cost, reliability, efficiency, and any other relevant factors. You will not be taken seriously until you do that.
Believe me, I can do that.
 
  • #33
T C said:
Believe me, I can do that.
Then do it. We've pointed out lots of stuff to you that hopefully helps. The rest is up to you. And as mentioned several times, be sure to get a lawyer involved when you are ready to start showing your Business Plan to potential partners and investors (under an NDA). Best of luck.
 
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  • #34
berkeman said:
Then do it. We've pointed out lots of stuff to you that hopefully helps. The rest is up to you. And as mentioned several times, be sure to get a lawyer involved when you are ready to start showing your Business Plan to potential partners and investors (under an NDA). Best of luck.
I will do if I find an interested party.
 
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  • #35
It looks like we have completely exhausted our knowledge of how to transition ideas to startups and on that note will now close this thread.

Thank you all for commenting and providing the OP with some things to consider as he explores his new business venture.

Jedi
 
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