Looking for funding?
How to work out what your innovation is worth.…

For inventors, entrepreneurs, innovators and just ordinary people with a great idea, this site is for you.

Having a great invention or idea is one thing. Knowing how to evaluate it, develop it and crucially get it funded, is where it gets tough. Up till now. Why? Because Innovationlaunch has been set up to help people like you work out whether you’ve got an idea that has the staying power to make you serious money.

Here’s how. Inventions or new business concepts come in all shapes and sizes from futuristic exploitation of nanotechnology, to a new manufacturing process for making something cheaper, to a new restaurant chain idea. Or just the latest potato peeler.

They’re as different as different can be. But they all have certain things in common – and these are the things that stop ideas from ever seeing the light of day.

What are they?

Well, three things:

• Firstly, (and it sounds obvious, but it’s crucial), knowing that you’ve got a compelling idea in the first place. This can be more difficult than it sounds, especially when you may need patent protection to stop people stealing your ideas.
• Secondly, the need for a business plan; in other words, how you’re going to take the concept to market and what is the financial requirement and result.
• Thirdly, unless you’re as rich as Bill Gates (or maybe Richard Branson and James Dyson), you need funding and therefore knowing the places and people to get it.

Innovationlaunch has been conceived to help you with all three but just for now, we’re looking at telling you for FREE how compelling your idea is.

Called ACE – (automated concept evaluator), it gives you a score on ‘how compelling’, by assessing the uniqueness of the idea and then judging it against customer requirements and also how it performs against the best of your competition (you will always be competing against something!).

So, if you want to check out your idea, sign up on this page and go to the ACE screen. What have you got to lose?

Well, you should be concerned about the secrecy of your idea, especially if it is something you want to patent, and haven’t done so already. Two absolute promises we make: firstly, we don’t capture any information on your idea itself (you give it a code name); secondly, we don’t pass on your personal data to anyone else (unless you specifically request us to).

In return, we will keep you informed of developments in the Innovationlaunch service. We are forming relationships with firms and non-profit organisations such as 3C’s Community who are specialists in the innovation start-up world.

How do we make money? At the moment, we don’t! We do intend to develop the fully-fledged ACE product, which will enable you to build the complete picture to obtain funding for your venture. We will charge for this more extensive service, once it is available later in the year.

What is the process?

An ‘account’ is set up which you can access whenever you want. This enables you to set up one or more ‘projects’, where you can evaluate and develop your ideas. These can be edited depending on new information that you develop.

Setting up the account and project is very fast and easy. We need your email address to keep you informed of developments and to verify your details as part of the account registration process.

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