An anonymous reader writes: I have an amazing idea to create a product that would revolutionize a subset of the computing market. I have absolutely no funds of my own, and I am not eligible for any government grants from my home country. I don't have my product developed, although I am able to demo the essence of the technology in action, and sell the fact that it should be ported to other platforms with the changes that would make it profitable. I have a detailed business plan with financials and descriptions of everything along the way. What I would like to know, is how I can go about finding investors to set this up? Angel investors and VCs are no good from what I can tell, since they all want to invest in already established companies.
This would be a technology company, based on OSS technology and giving a whole lot back to the economy and field. The idea is not patentable, so all that I can do is hope to get the product to market before bigger companies come out with their own versions of the product.
The market my product I would be competing in is reported by many reputable sources(forbes, wsj etc) to not be affected by the current economy, and may in fact benefit from it, so I see that as a good sign. I am not a US citizen, but feel I need to target the US market if I want to succeed, and hence setup a US based company. I have no company registered since I don't see the point without yet having a product, something impossible without funding. I would also like to retain control of the company I wish to setup after obtaining funding. My question is, what can I do in this situation? How can I find investors I can convince just on my idea alone without having collateral or an established company?"